FMAG vs SPYT
Fidelity Magellan ETF vs Defiance S&P 500 Income Target ETF
Which is better, FMAG or SPYT?
SPYT has been ahead.
FMAG has a lower expense ratio. SPYT led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMAG | SPYT |
|---|---|---|
| Expense Ratio | 0.57%Best | 0.92% |
| AUM | $243M | $170M |
| Dividend Yield | 0.00% | 20.83% |
| Holdings | 52 | 10 |
| YTD Return | +4.66% | +12.99%Best |
| 1Y Return | +3.01% | +15.90%Best |
| 3Y Return (annualized) | +17.63% | - |
| 5Y Return (annualized) | +9.04% | - |
| Volatility (annualized) | 14.2% | 10.7%Best |
| Max Drawdown | -20.1% | -18.3%Best |
| $10,000 over 2.6 years | $12,897 | $14,369Best |
| Fund Family | Fidelity Investments (US) | Defiance ETFs, LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Mar 7, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 7, 2024 to Oct 14, 2026 (2.6 years).
FMAG vs SPYT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
FMAG vs SPYT Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and Defiance S&P 500 Income Target ETF (SPYT) is an ETF from Defiance ETFs, LLC. Over the past year FMAG returned +3.01% while SPYT returned +15.90%. Year to date, FMAG is up 4.66% versus a gain of 12.99% for SPYT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 10.7% for SPYT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.1% for FMAG and -18.3% for SPYT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMAG charges 0.57% per year while SPYT charges 0.92%. On a $10,000 position that is $57 vs $92 annually, a gap of $35 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 20.83% for SPYT.
Holdings Overlap
We hold position weights for 50 holdings in FMAG and 1 in SPYT, totalling 99.4% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 50 positions we hold weights for in FMAG and 1 in SPYT, against full books of 52 and 10.
You are not choosing between two funds in isolation.
Whichever of FMAG and SPYT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMAG or SPYT?
FMAG has an expense ratio of 0.57% while SPYT charges 0.92%. FMAG is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, FMAG or SPYT?
Over the past year FMAG returned +3.01% vs +15.90% for SPYT, so SPYT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or SPYT?
FMAG has been the more volatile fund at 14.2% annualized versus 10.7% for SPYT. Worst drawdown: FMAG -20.1% vs SPYT -18.3%.
Should I hold both FMAG and SPYT?
FMAG and SPYT have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FMAG or SPYT?
FMAG yields 0.00% while SPYT yields 20.83%, so SPYT currently pays the higher dividend yield.
Is SPYT better than FMAG?
FMAG has a lower expense ratio. SPYT led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.