FMAG - ETF AI Analysis
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Fidelity Magellan ETF (FMAG)
Rating:75Outperform
Price Target:―
Positive Factors
Strong Semiconductor Exposure
Several major chip-related holdings have delivered strong gains, helping drive the ETF’s overall performance.
Growth-Oriented Technology Focus
A large allocation to technology and communication services positions the fund to benefit when growth stocks are in favor.
Healthy Asset Base
The fund manages a sizable pool of assets, suggesting it has attracted meaningful investor interest and liquidity.
Negative Factors
High Sector Concentration
Nearly half of the portfolio is in technology, which increases the risk if that sector experiences a downturn.
Single-Country Exposure
All holdings are in U.S. companies, so investors do not get diversification across different global markets.
Relatively High Expense Ratio
The fund’s ongoing fee is higher than many broad-market ETFs, which can modestly reduce long-term returns.
FMAG vs. SPDR S&P 500 ETF (SPY)
AUM237.98M
RegionGlobal
Expense Ratio0.57%
Beta1.12
IssuerFidelity
Inception DateFeb 02, 2021
Dividend Yield0.14%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume22,867
30 Day Avg. Volume20,386
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
45.71Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering50
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMAG Summary
Fidelity Magellan ETF (FMAG) is an actively managed fund that aims to give you broad exposure to the U.S. stock market, with a strong focus on technology and other growth-oriented companies rather than tracking a specific index. Its largest holdings include well-known names like Nvidia and Microsoft, along with other major tech and communication firms. Investors might consider FMAG if they want growth potential and diversification across many sectors in a single investment. However, because it is heavily tilted toward tech stocks, its price can move up and down sharply with changes in the technology sector and the overall market.
How much will it cost me?The Fidelity Magellan ETF (FMAG) has an expense ratio of 0.59%, meaning you’ll pay $5.90 per year for every $1,000 invested. This is higher than average because FMAG is actively managed, which typically involves more research and decision-making compared to passively managed funds that track an index.
What would affect this ETF?The Fidelity Magellan ETF (FMAG) could benefit from continued growth in the technology sector, which makes up a significant portion of its holdings, especially with companies like Nvidia and Microsoft leading innovation in AI and cloud computing. However, rising interest rates or economic slowdowns could negatively impact consumer spending and the performance of cyclical sectors, which are also heavily represented in the ETF. Global economic conditions and regulatory changes in key markets could further influence the ETF's performance, given its broad geographic exposure.
FMAG Top 10 Holdings
FMAG is leaning heavily on the AI and semiconductor boom, with Nvidia, AMD, Lam Research, and KLA acting as the main engines of performance, all showing rising or robust trends this year. Microsoft is another key driver, riding steady momentum in cloud and AI. In contrast, Meta has been lagging, occasionally dragging on returns, while Broadcom and Alphabet have seen more mixed, stop‑and‑go action. Despite its “total market” label, the fund is clearly concentrated in U.S. Big Tech and chip names, giving it a tech‑heavy, domestically focused flavor.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 10.06% | $24.70M | $5.55T | 37.92% | 76 Outperform | |
| Amazon | 6.75% | $16.59M | $2.79T | 11.27% | 71 Outperform | |
| Microsoft | 5.33% | $13.09M | $3.71T | 0.95% | 79 Outperform | |
| Broadcom | 5.19% | $12.75M | $1.70T | 6.87% | 76 Outperform | |
| Alphabet Class A | 4.07% | $9.99M | $4.12T | 44.02% | 85 Outperform | |
| Alphabet Class C | 3.54% | $8.70M | $4.12T | 42.58% | 82 Outperform | |
| Advanced Micro Devices | 3.34% | $8.21M | $779.62B | 215.98% | 73 Outperform | |
| TSMC | 2.35% | $5.78M | $1.97T | 76.21% | 81 Outperform | |
| Visa | 2.28% | $5.60M | $700.27B | 9.28% | 70 Outperform | |
| KLA | 2.17% | $5.34M | $242.50B | 105.06% | 77 Outperform |
FMAG Technical Analysis
Positive
―
Price Trends
36.13
Negative
36.06
Negative
34.86
Positive
Market Momentum
-0.13
Positive
47.52
Neutral
34.44
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMAG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 36.32, equal to the 50-day MA of 36.13, and equal to the 200-day MA of 34.86, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 47.52 is Neutral, neither overbought nor oversold. The STOCH value of 34.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMAG.
FMAG Peer Comparison
Comparison Results
Performance Comparison
FMAG
Fidelity Magellan ETF
35.96
0.86
2.45%
RGEF
Rockefeller Global Equity ETF
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KAT
Scharf ETF
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DWLD
Davis Select Worldwide Etf
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RGLO
Global Equity Active ETF
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JSTC
Adasina Social Justice All Cap Global ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis 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.Date of analysis: ―
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