FMAG vs SXQG
Fidelity Magellan ETF vs ETC 6 Meridian Quality Growth ETF
Which is better, FMAG or SXQG?
FMAG has been ahead.
FMAG has a lower expense ratio. FMAG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. SXQG is less concentrated, with 43.0% of the fund in its ten largest positions against 44.0%.
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 | SXQG |
|---|---|---|
| Expense Ratio | 0.57%Best | 0.70% |
| AUM | $243M | $63M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 52 | 235 |
| YTD Return | +4.66%Best | +3.37% |
| 1Y Return | +3.01%Best | +2.54% |
| 3Y Return (annualized) | +17.63%Best | +11.82% |
| 5Y Return (annualized) | +9.04%Best | +5.68% |
| Volatility (annualized) | 18.1% | 16.4%Best |
| Max Drawdown | -32.9%Best | -34.0% |
| $10,000 over 5 years | $15,414Best | $13,181 |
| Top 10 Weight | 44.0% | 43.0%Best |
| Fund Family | Fidelity Investments (US) | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | May 10, 2021 |
Volatility and max drawdown are measured over the window both funds cover: May 11, 2021 to Oct 14, 2026 (5.4 years).
FMAG vs SXQG 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 5.4 years both funds cover.
FMAG vs SXQG Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and ETC 6 Meridian Quality Growth ETF (SXQG) is an ETF from 6 Meridian ETF. Over the past year FMAG returned +3.01% while SXQG returned +2.54%. Year to date, FMAG is up 4.66% versus a gain of 3.37% for SXQG.
Over three years, FMAG compounded at +17.63% per year against +11.82% for SXQG; over five years the annualized figures are +9.04% and +5.68% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 16.4% for SXQG. 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 -32.9% for FMAG and -34.0% for SXQG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 SXQG charges 0.70%. On a $10,000 position that is $57 vs $70 annually, a gap of $13 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.00% for SXQG.
Holdings Overlap
34.3% of FMAG's money is in holdings SXQG also owns. 36.1% of SXQG's money is in holdings FMAG also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 50 positions we hold weights for in FMAG and 84 in SXQG, against full books of 52 and 235.
What only one of them owns
Our book lists 69 positions for SXQG that do not appear in our book for FMAG (61.5% of the fund), and 38 for FMAG that do not appear in SXQG (63.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FMAG | Weight in SXQG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 4.74% | 5.50% |
| MSFTMicrosoft Corp | 5.61% | 4.94% | 0.67% |
| GOOGLAlphabet Inc | 3.87% | 4.80% | 0.93% |
| LLYEli Lilly & Co. | 2.39% | 3.93% | 1.54% |
| VVisa Inc Class A | 2.36% | 3.71% | 1.35% |
| MAMastercard Inc | 2.16% | 3.68% | 1.52% |
| COSTCostco Wholesale Corp. | 1.59% | 3.75% | 2.16% |
| ANETArista Networks Inc Common Stock | 1.39% | 2.57% | 1.18% |
| WDCWestern Digital Corp. | 1.74% | 1.85% | 0.11% |
| CDNSCadence Design Systems Inc. | 1.64% | 1.29% | 0.35% |
36.1% of SXQG is already inside FMAG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMAG or SXQG?
FMAG has an expense ratio of 0.57% while SXQG charges 0.70%. FMAG is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, FMAG or SXQG?
Over the past year FMAG returned +3.01% vs +2.54% for SXQG, so FMAG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or SXQG?
FMAG has been the more volatile fund at 18.1% annualized versus 16.4% for SXQG. Worst drawdown: FMAG -32.9% vs SXQG -34.0%.
Should I hold both FMAG and SXQG?
FMAG and SXQG have a monthly-return correlation of 0.92, 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.
What is the holdings overlap between FMAG and SXQG?
36.1% of SXQG's money is in holdings FMAG also owns. 36.1% of SXQG's is in holdings FMAG also owns. They hold 11 positions in common, counted across the 50 positions we hold weights for in FMAG and 84 in SXQG.
Which pays a higher dividend, FMAG or SXQG?
FMAG yields 0.00% while SXQG yields 0.00%, so FMAG currently pays the higher dividend yield.
Is SXQG better than FMAG?
FMAG has a lower expense ratio. FMAG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. SXQG is less concentrated, with 43.0% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.