FMAG vs THRO
Fidelity Magellan ETF vs iShares US Thematic Rotation Active ETF
Which is better, FMAG or THRO?
THRO has been ahead.
THRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. THRO is less concentrated, with 43.5% 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 | THRO |
|---|---|---|
| Expense Ratio | 0.57%Tie | 0.57%Tie |
| AUM | $243M | $7.5B |
| Dividend Yield | 0.00% | 0.30% |
| Holdings | 52 | 251 |
| YTD Return | +4.66% | +14.55%Best |
| 1Y Return | +3.01% | +18.23%Best |
| 3Y Return (annualized) | +17.63% | +23.72%Best |
| 5Y Return (annualized) | +9.04% | - |
| Volatility (annualized) | 18.4% | 17.4%Best |
| Max Drawdown | -32.8% | -26.5%Best |
| $10,000 over 4.8 years | $14,598 | $18,140Best |
| Top 10 Weight | 44.0% | 43.5%Best |
| Fund Family | Fidelity Investments (US) | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Dec 14, 2021 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 16, 2021 to Oct 14, 2026 (4.8 years).
FMAG vs THRO 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 4.8 years both funds cover.
FMAG vs THRO Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and iShares US Thematic Rotation Active ETF (THRO) is an ETF from BlackRock, Inc. (US). Over the past year FMAG returned +3.01% while THRO returned +18.23%. Year to date, FMAG is up 4.66% versus a gain of 14.55% for THRO.
Over three years, FMAG compounded at +17.63% per year against +23.72% for THRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 17.4% for THRO. 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 -32.8% for FMAG and -26.5% for THRO. 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 THRO charges 0.57%. On a $10,000 position that is $57 vs $57 annually. On income, FMAG currently yields 0.00% against 0.30% for THRO.
Holdings Overlap
70.3% of FMAG's money is in holdings THRO also owns. 39.4% of THRO's money is in holdings FMAG also owns.
Most of FMAG is already inside THRO. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 50 positions we hold weights for in FMAG and 247 in THRO, against full books of 52 and 251.
What only one of them owns
Our book lists 136 positions for THRO that do not appear in our book for FMAG (59.4% of the fund), and 21 for FMAG that do not appear in THRO (27.1%).
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 THRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 8.58% | 1.66% |
| MSFTMicrosoft Corp | 5.61% | 6.24% | 0.63% |
| AMZNAmazon.Com Inc | 6.45% | 4.47% | 1.98% |
| GOOGLAlphabet Inc | 3.87% | 3.79% | 0.08% |
| AVGOBroadcom Inc | 4.55% | 2.11% | 2.44% |
| GOOGAlphabet Inc. C | 3.28% | 1.87% | 1.41% |
| AMDAdvanced Micro Devices Inc | 3.14% | 1.99% | 1.15% |
| VVisa Inc Class A | 2.36% | 1.90% | 0.46% |
| CATCaterpillar, Inc. | 1.54% | 2.29% | 0.75% |
| LLYEli Lilly & Co. | 2.39% | 0.80% | 1.59% |
70.3% of FMAG is already inside THRO.
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 THRO?
FMAG has an expense ratio of 0.57% while THRO charges 0.57%. At the precision these are quoted to, they cost the same.
Which performed better, FMAG or THRO?
Over the past year FMAG returned +3.01% vs +18.23% for THRO, so THRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or THRO?
FMAG has been the more volatile fund at 18.4% annualized versus 17.4% for THRO. Worst drawdown: FMAG -32.8% vs THRO -26.5%.
Should I hold both FMAG and THRO?
FMAG and THRO 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.
What is the holdings overlap between FMAG and THRO?
70.3% of FMAG's money is in holdings THRO also owns. 39.4% of THRO's is in holdings FMAG also owns. They hold 28 positions in common, counted across the 50 positions we hold weights for in FMAG and 247 in THRO.
Which pays a higher dividend, FMAG or THRO?
FMAG yields 0.00% while THRO yields 0.30%, so THRO currently pays the higher dividend yield.
Is THRO better than FMAG?
THRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. THRO is less concentrated, with 43.5% 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.