FMAG - ETF AI Analysis

Top Page

Fidelity Magellan ETF (FMAG)

Rating:73Outperform

Price Target:―

FMAG’s rating reflects a portfolio led by powerful growth names like Nvidia, Microsoft, and TSMC, whose strong financial performance and leadership in AI and advanced technologies support the fund’s overall quality. These strengths are balanced by risks such as high valuations and some bearish or mixed technical signals across several major holdings, which could limit short-term upside. The fund is also meaningfully exposed to technology and AI-related businesses, so it may be more sensitive to swings in that sector.

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)

AUM267.48M

RegionGlobal

Expense Ratio0.57%

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. Volume33,414

30 Day Avg. Volume30,103

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

41.83

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering56

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 into technology, with Nvidia and Microsoft leading the charge. Nvidia’s focus on AI and data centers has kept it steady despite recent mixed signals, while Microsoft’s cloud and AI growth adds strength, though its performance has been uneven lately. Amazon and Broadcom also contribute positively, with Broadcom’s AI semiconductor growth standing out. However, Netflix’s recent struggles and Eaton’s lagging performance weigh on the fund. With a global mix and a tech-heavy tilt, FMAG is riding the innovation wave but faces challenges from weaker names.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	9.79%	$26.27M	$4.60T	36.15%	76 Outperform
MSFT	Microsoft	8.66%	$23.23M	$3.59T	14.12%	79 Outperform
AMZN	Amazon	5.97%	$16.01M	$2.58T	12.49%	71 Outperform
AVGO	Broadcom	5.74%	$15.40M	$1.63T	48.22%	76 Outperform
META	Meta Platforms	4.24%	$11.37M	$1.64T	5.79%	76 Outperform
V	Visa	2.19%	$5.89M	$680.53B	14.47%	70 Outperform
GE	GE Aerospace	2.02%	$5.41M	$341.38B	83.14%	72 Outperform
NFLX	Netflix	2.01%	$5.39M	$414.59B	3.46%	73 Outperform
MA	Mastercard	1.98%	$5.31M	$520.77B	14.94%	75 Outperform
TSM	TSMC	1.85%	$4.98M	$1.37T	53.54%	81 Outperform

FMAG Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

34.31

Positive

100DMA

34.65

Negative

200DMA

33.43

Positive

Market Momentum

MACD

0.10

Negative

RSI

53.76

Neutral

STOCH

70.81

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 34.31, and equal to the 200-day MA of 33.43, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 53.76 is Neutral, neither overbought nor oversold. The STOCH value of 70.81 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FMAG	―	―	$267.48M	0.57%	―
RGEF	―	―	$771.76M	0.55%	―
KAT	―	―	$741.65M	0.75%	―
DWLD	―	―	$528.95M	0.63%	―
JSTC	―	―	$269.45M	0.89%	―
NANC	―	―	$267.89M	0.74%	―

Performance Comparison

FMAG

Fidelity Magellan ETF

34.53

3.61

11.68%

RGEF

Rockefeller Global Equity ETF

―

KAT

Scharf ETF

―

DWLD

Davis Select Worldwide Etf

―

JSTC

Adasina Social Justice All Cap Global ETF

―

NANC

Unusual Whales Subversive Democratic Trading ETF

―

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: ―

Table of Contents