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FMAG
-0.03 · -0.09%
$34.18 · BATS

Fidelity Covington Trust - Fidelity Magellan ETF (FMAG) ETF Analysis | Large Growth

Fidelity Investments · USA
AUM:$249.5M
#– of – in Large Growth ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 6.3% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.59% — moderate cost. Consider how fees compound over long holding periods.

What is FMAG?

The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Positive 1-Year Return
FMAG returned 6.3% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Expense ratio of 0.59%. Consider how fees compound over a long holding period.
Moderate Concentration
Top 10 holdings make up 44.8% of the ETF — a moderate level of name concentration.
ETF Information
AUM$249.5M
Expense Ratio0.59%
Dividend Yield0.09%
Holdings50
Inception DateFeb 2021
Domicile–
Distribution–
Index–
ProviderFidelity Investments
Beta1.07
CategoryLarge Growth
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+7.3%
1Y
+2.6%
3Y
+62.1%
5Y
+52.9%
OpenBook InsightIf you had invested £10,000 in FMAG 5 years ago, it would have grown to £15,290 — a gain of £5,290.

Annual Returns

Calendar year performance

FMAG delivered positive returns in 4 of the last 5 calendar years.
YearFMAG
2026 YTD+5.5%
2025+10.4%
2024+30.1%
2023+31.7%
2022-26.4%
CAGR 4yr+8.6%
4/5 positive yearsAvg return: +10.2%Worst year: -26.4% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
17.6%
Low
Momentum
+1.6%
30-day change
Support Level
35.88
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Monitor key support and resistance levels as part of broader risk assessment.
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