FMAG vs SSPX
Fidelity Magellan ETF vs Janus Henderson US Sustainable Equity ETF
Which is better, FMAG or SSPX?
Nearly the same fund. SSPX costs less.
SSPX has a lower expense ratio. FMAG led over the full window, SSPX over 1Y. The two have moved almost in lockstep, correlation 0.95.
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 | SSPX |
|---|---|---|
| Expense Ratio | 0.57% | 0.55%Best |
| AUM | $243M | $10M |
| Dividend Yield | 0.00% | 0.30% |
| Holdings | 52 | 6 |
| Volatility (annualized) | 18.9%Tie | 18.9%Tie |
| Max Drawdown | -32.9%Best | -34.0% |
| $10,000 over 4.1 years | $14,903Best | $12,842 |
| Fund Family | Fidelity Investments (US) | Janus Henderson Investors |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Sep 8, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 370 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FMAG has data through Oct 14, 2026 and SSPX through Oct 9, 2025.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Sep 9, 2021 to Oct 9, 2025 (4.1 years).
Risk: Volatility and Drawdowns
FMAG and SSPX have been equally volatile, both at 18.9% annualized.
The deepest peak-to-trough decline in our data was -32.9% for FMAG and -34.0% for SSPX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 SSPX charges 0.55%. On a $10,000 position that is $57 vs $55 annually, a gap of $2 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.30% for SSPX.
You are not choosing between two funds in isolation.
Whichever of FMAG and SSPX 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 SSPX?
FMAG has an expense ratio of 0.57% while SSPX charges 0.55%. SSPX is the cheaper option, by $2 a year on a $10,000 investment.
Which is riskier, FMAG or SSPX?
FMAG and SSPX have been equally volatile, both at 18.9% annualized. Worst drawdown: FMAG -32.9% vs SSPX -34.0%.
Should I hold both FMAG and SSPX?
FMAG and SSPX have a monthly-return correlation of 0.95, 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 SSPX?
FMAG yields 0.00% while SSPX yields 0.30%, so SSPX currently pays the higher dividend yield.
Is SSPX better than FMAG?
SSPX has a lower expense ratio. FMAG led over the full window, SSPX over 1Y. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.