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FMAG vs FREL

Fidelity Magellan ETF vs Fidelity MSCI Real Estate Index ETF

FMAG

Fidelity Magellan ETF

Annual cost

0.57%

Fund size

$258M

FREL

Fidelity MSCI Real Estate Index ETF

Annual cost

0.08%

Fund size

$1.4B

Key differences

Both FMAG and FREL are equity ETFs. FMAG charges 0.57% a year and FREL 0.08%. The main difference: FMAG follows a active selection strategy; FREL uses index tracking.

  • FMAG follows a active selection strategy; FREL uses index tracking.
  • FREL costs 0.49% less per year.
  • FREL is much larger than FMAG. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, FMAG has delivered higher annualized returns.
  • FREL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMAGFREL
Annual cost (TER)0.57%0.08%
Fund size (AUM)$258M$1.4B
Since20212015
Dividend yield0.08%3.30%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+9.3%+13.4%
CAGR 3Y+20.3%+9.9%
CAGR 5Y+11.4%+2.6%
Sharpe 3Y0.940.43
Volatility 1Y15.06%13.54%
Max drawdown-32.93%-42.61%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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