FMAG - ETF AI Analysis
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Fidelity Magellan ETF (FMAG)
FMAG, the Fidelity Magellan ETF, earns a solid overall rating largely because it is heavily invested in high-quality growth leaders like Nvidia, Microsoft, and Alphabet, all of which show strong financial performance and promising long-term prospects in AI, cloud, and data centers. Some holdings such as Visa and Mastercard face bearish technical trends and premium valuations, which can limit short-term upside, and the fund’s concentration in large tech and AI-related names means investors are exposed to sector-specific volatility. Overall, the mix of strong growth companies with a few valuation and momentum risks results in a generally attractive but somewhat tech-dependent profile.
FMAG vs. SPDR S&P 500 ETF (SPY)
- AUM
- 234.39M
- Region
- Global
- Expense Ratio
- 0.57%
- Beta
- 1.11
- Issuer
- Fidelity
- Inception Date
- Feb 02, 2021
- Dividend Yield
- <0.01%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
FMAG Summary
Fidelity Magellan ETF (FMAG) is an actively managed fund that aims to give you broad exposure to the U.S. stock market, rather than tracking a specific index. It invests across many sectors, with a strong tilt toward technology, and holds well-known companies like Nvidia, Amazon, Microsoft, and Alphabet (Google). Someone might invest in FMAG to get diversified access to many leading U.S. businesses in one investment, with potential for long-term growth. A key risk is that it’s heavily invested in tech and U.S. stocks, so its value can rise or fall sharply with market swings and changes in the tech sector.
How much will it cost me?
FMAG has an expense ratio of 0.57%, which means you’ll pay about $5.70 per year for every $1,000 you invest. This is higher than the average low-cost index ETF because FMAG is actively managed, so you’re paying more for professional stock selection rather than simply tracking a market index.
What would affect this ETF?
FMAG is heavily invested in large global technology and consumer companies like Nvidia, Amazon, and Microsoft, so it could benefit if demand for digital services, artificial intelligence, and online shopping continues to grow and if the overall global economy stays healthy. On the downside, higher interest rates, stricter tech regulations, or a slowdown in global growth could hurt these sectors, while its broad market exposure means it may also feel the impact of any widespread market downturn.
FMAG Top 10 Holdings
FMAG is leaning heavily into U.S. Big Tech and semiconductors, with Nvidia and AMD acting as the fund’s main growth engines despite some recent choppiness in their share prices. Microsoft and Amazon are steadily pulling their weight, helped by ongoing strength in cloud and e-commerce. Alphabet, held in both share classes, has been more of a headache lately, lagging and dampening overall returns. Outside tech, payment giants Visa and Mastercard are quietly supporting performance, giving the fund a solid, mostly U.S.-centric backbone with a clear tilt toward AI and digital platforms.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 NVDA | Nvidia | 10.31% | $24.82M | $4.93T | 0.86% | 76Outperform |
 AMZN | Amazon | 6.49% | $15.63M | $2.59T | 7.85% | 71Outperform |
 MSFT | Microsoft | 5.65% | $13.60M | $3.88T | -0.73% | 79Outperform |
 AVGO | Broadcom | 4.57% | $11.02M | $1.56T | -13.38% | 76Outperform |
 GOOGL | Alphabet Class A | 3.90% | $9.38M | $3.41T | -0.58% | 85Outperform |
 GOOG | Alphabet Class C | 3.30% | $7.94M | $3.41T | -1.31% | 82Outperform |
 AMD | Advanced Micro Devices | 3.16% | $7.60M | $824.07B | 98.09% | 73Outperform |
 LLY | Eli Lilly & Co | 2.40% | $5.78M | $1.33T | 67.86% | 72Outperform |
 V | Visa | 2.37% | $5.71M | $782.42B | 19.87% | 70Outperform |
 MA | Mastercard | 2.18% | $5.24M | $559.19B | 15.23% | 75Outperform |
FMAG Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMAG, the sentiment is Negative. The current price of 34.23 is below the 20-day moving average (MA) of 35.68, below the 50-day MA of 35.80, and below the 200-day MA of 35.16, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 34.90 is Neutral, neither overbought nor oversold. The STOCH value of 38.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMAG.
FMAG Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| FMAG | $34.23 | $40.00(16.87% Upside) | $234.39M | 0.57% | 75Outperform |
 RGEF | $33.91 | $44.50(31.20% Upside) | $798.12M | 0.55% | 71Outperform |
 KAT | $59.06 | $67.43(14.18% Upside) | $668.77M | 0.75% | 64Neutral |
 DWLD | $44.30 | $58.75(32.62% Upside) | $567.47M | 0.62% | 62Neutral |
 RGLO | $32.67 | $41.10(25.79% Upside) | $370.72M | 0.49% | 68Neutral |
 JSTC | $23.38 | $28.10(20.20% Upside) | $300.92M | 0.89% | 60Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FMAG | Fidelity Magellan ETF | 34.23 | -0.89 | -2.55% | |
| RGEF | Rockefeller Global Equity ETF | 33.91 | 3.87 | 12.89% | |
| KAT | Scharf ETF | 59.06 | 5.36 | 9.98% | |
| DWLD | Davis Select Worldwide Etf | 44.30 | -0.54 | -1.19% | |
| RGLO | Global Equity Active ETF | 32.67 | 3.73 | 12.88% | |
| JSTC | Adasina Social Justice All Cap Global ETF | 23.38 | 3.33 | 16.63% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.