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FMAG vs FESM

Fidelity Magellan ETF vs Fidelity Enhanced Small Cap Core ETF

FMAG

Fidelity Magellan ETF

Fidelity Investments

Annual cost

0.57%

Fund size

$253M

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

Key differences

  • FESM costs 0.29% less per year.
  • FESM is significantly larger than FMAG — larger funds tend to be more liquid and less likely to close.
  • FMAG follows a active selection strategy; FESM uses index enhanced.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMAGFESM
Annual cost (TER)0.57%0.28%
Fund size (AUM)$253M$5.0B
Since20212007
Dividend yield0.08%0.55%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex enhanced
CAGR 1Y+14.3%+52.9%
CAGR 3Y+21.2%N/A
CAGR 5Y+12.5%N/A
Sharpe 3Y0.98N/A
Volatility 1Y14.32%19.05%
Max drawdown-32.93%-26.93%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FMAG and FESM