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FMAG - ETF AI Analysis
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Fidelity Magellan ETF (FMAG)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several key positions, such as Nvidia, Microsoft, and Broadcom, have delivered strong year-to-date performance, driving the ETF's overall returns.
Technology Sector Leadership
With significant exposure to the high-performing technology sector, the ETF benefits from growth in innovative industries.
Healthy Year-to-Date Performance
The ETF has shown solid year-to-date growth, indicating strong overall momentum in its holdings.
Negative Factors
High Sector Concentration
Over 37% of the portfolio is allocated to technology, making the ETF vulnerable to downturns in this sector.
Limited Geographic Diversification
With nearly 99% of its holdings in U.S. companies, the ETF lacks exposure to international markets, which could limit its ability to benefit from global growth.
Moderately High Expense Ratio
The ETF's expense ratio is higher than many low-cost alternatives, which could eat into long-term returns.
FMAG vs. SPDR S&P 500 ETF (SPY)
AUM263.84M
RegionGlobal
Expense Ratio0.59%
Beta1.14
IssuerFidelity
Inception DateFeb 02, 2021
Dividend Yield0.15%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume27,616
30 Day Avg. Volume28,985
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
42.16Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering53
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMAG Summary
The Fidelity Magellan ETF (FMAG) is an investment fund that gives you access to a wide range of companies across the entire stock market, focusing on various industries and company sizes. It includes well-known companies like Nvidia and Microsoft, and covers sectors such as technology, financials, and consumer goods. This ETF is a great option for investors looking for diversification and exposure to the overall market, including both established giants and emerging leaders. However, since it heavily invests in technology companies, its performance can be affected by changes in the tech industry or market trends.
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
The Fidelity Magellan ETF leans heavily on the technology sector, with names like Nvidia and Broadcom driving performance thanks to their strong focus on AI and data center growth. Nvidia’s long-term prospects remain solid despite recent mixed momentum, while Broadcom’s AI semiconductor gains have been a bright spot. Microsoft, however, has been lagging, weighed down by overbought signals and valuation concerns. Meta Platforms has struggled, with bearish momentum and regulatory challenges holding it back. Overall, the fund’s tech-heavy positioning reflects a bet on innovation, but recent volatility in key names has tempered its shine.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 10.07% | $27.78M | $4.38T | 33.19% | 76 Outperform | |
| Microsoft | 8.90% | $24.55M | $3.61T | 14.78% | 73 Outperform | |
| Amazon | 5.47% | $15.10M | $2.45T | 11.38% | 71 Outperform | |
| Meta Platforms | 4.65% | $12.83M | $1.60T | 11.32% | 71 Outperform | |
| Broadcom | 4.62% | $12.74M | $1.88T | 148.99% | 76 Outperform | |
| Visa | 2.22% | $6.13M | $638.91B | 6.07% | 75 Outperform | |
| Netflix | 2.21% | $6.09M | $449.75B | 20.98% | 69 Neutral | |
| GE Aerospace | 2.11% | $5.83M | $312.88B | 64.24% | 77 Outperform | |
| Amphenol | 2.05% | $5.65M | $169.80B | 90.71% | 77 Outperform | |
| Mastercard | 2.01% | $5.56M | $489.34B | 2.36% | 69 Neutral |
FMAG Technical Analysis
Positive
―
Price Trends
34.73
Negative
34.80
Negative
32.91
Positive
Market Momentum
-0.30
Negative
50.62
Neutral
69.78
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 34.25, equal to the 50-day MA of 34.73, and equal to the 200-day MA of 32.91, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 69.78 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
34.33
2.49
7.82%
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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.
Disclaimer
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.Date of analysis: ―
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