FFLC vs. FMAG ETF Comparison
Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Fidelity Magellan ETF (FMAG)
FFLC
Fidelity Fundamental Large Cap Core ETF
FFLC Description
FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.
Grade (RS Rating)
Last Trade
$47.24
Average Daily Volume
103,927
87
FMAG
Fidelity Magellan ETF
FMAG Description
The investment seeks long-term growth of capital. 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. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.Grade (RS Rating)
Last Trade
$31.56
Average Daily Volume
63,005
57
Performance
| Period | FFLC | FMAG |
|---|---|---|
| 30 Days | 2.14% | 2.27% |
| 60 Days | 3.92% | 3.20% |
| 90 Days | 6.30% | 5.20% |
| 12 Months | 37.29% | 35.72% |
27 Overlapping Holdings
| Symbol | Grade | Weight in FFLC | Weight in FMAG | Overlap | |
|---|---|---|---|---|---|
| AJG | B | 0.41% | 1.25% | 0.41% | |
| AMZN | C | 2.89% | 4.55% | 2.89% | |
| APH | A | 0.85% | 1.18% | 0.85% | |
| AVGO | D | 1.98% | 3.01% | 1.98% | |
| BSX | B | 1.35% | 1.29% | 1.29% | |
| COR | B | 0.37% | 0.86% | 0.37% | |
| COST | B | 0.63% | 1.87% | 0.63% | |
| ETN | A | 1.02% | 1.33% | 1.02% | |
| GE | D | 1.61% | 1.61% | 1.61% | |
| GOOGL | C | 3.2% | 3.11% | 3.11% | |
| HLT | A | 0.52% | 1.29% | 0.52% | |
| INTU | C | 1.0% | 1.44% | 1.0% | |
| LIN | D | 0.2% | 1.55% | 0.2% | |
| LLY | F | 1.85% | 2.51% | 1.85% | |
| MA | C | 0.85% | 2.07% | 0.85% | |
| MAR | B | 0.42% | 1.21% | 0.42% | |
| META | D | 4.7% | 3.88% | 3.88% | |
| MLM | B | 0.49% | 1.09% | 0.49% | |
| MSFT | F | 6.98% | 7.8% | 6.98% | |
| NVDA | C | 5.71% | 7.21% | 5.71% | |
| NVO | D | 0.53% | 1.02% | 0.53% | |
| ORCL | B | 0.97% | 1.8% | 0.97% | |
| TMO | F | 1.18% | 1.6% | 1.18% | |
| UNH | C | 1.72% | 2.31% | 1.72% | |
| URI | B | 0.92% | 1.3% | 0.92% | |
| V | A | 1.31% | 2.06% | 1.31% | |
| WSO | A | 0.56% | 1.14% | 0.56% |
FFLC Overweight 60 Positions Relative to FMAG
| Symbol | Grade | Weight | |
|---|---|---|---|
| AAPL | C | 4.26% | |
| XOM | B | 2.88% | |
| BAC | A | 2.18% | |
| WFC | A | 1.82% | |
| SO | D | 1.72% | |
| CMCSA | B | 1.69% | |
| FI | A | 1.34% | |
| EIX | B | 1.31% | |
| CI | F | 1.23% | |
| SAP | B | 1.15% | |
| CSCO | B | 1.1% | |
| LOW | D | 1.06% | |
| CEG | D | 1.06% | |
| KVUE | A | 1.04% | |
| PNC | B | 1.01% | |
| KDP | D | 1.0% | |
| TSM | B | 0.97% | |
| KO | D | 0.94% | |
| USB | A | 0.94% | |
| BMY | B | 0.92% | |
| GEV | B | 0.87% | |
| TRV | B | 0.87% | |
| MOD | A | 0.84% | |
| ALSN | B | 0.83% | |
| UPS | C | 0.78% | |
| RPRX | D | 0.76% | |
| REGN | F | 0.75% | |
| CB | C | 0.73% | |
| BA | F | 0.72% | |
| VRT | B | 0.66% | |
| HRB | D | 0.64% | |
| ELV | F | 0.63% | |
| ABBV | D | 0.61% | |
| UBER | D | 0.61% | |
| CCI | D | 0.61% | |
| APO | B | 0.61% | |
| KNX | B | 0.59% | |
| FDX | B | 0.58% | |
| DOX | D | 0.53% | |
| AMT | D | 0.43% | |
| DEO | F | 0.43% | |
| WSM | B | 0.4% | |
| GD | F | 0.38% | |
| GEN | B | 0.37% | |
| LEN | D | 0.36% | |
| ABNB | C | 0.33% | |
| GSK | F | 0.3% | |
| HII | D | 0.29% | |
| GILD | C | 0.27% | |
| NOC | D | 0.25% | |
| TMUS | B | 0.2% | |
| MELI | D | 0.2% | |
| DKS | C | 0.19% | |
| SPR | D | 0.19% | |
| ASML | F | 0.18% | |
| SPG | B | 0.18% | |
| IP | B | 0.18% | |
| KBR | F | 0.17% | |
| LNG | B | 0.03% | |
| MRVL | B | 0.02% |
FFLC Underweight 30 Positions Relative to FMAG
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOG | C | -1.6% | |
| SPGI | C | -1.51% | |
| AMAT | F | -1.43% | |
| TDG | D | -1.42% | |
| KLAC | D | -1.38% | |
| DHR | F | -1.37% | |
| ANET | C | -1.36% | |
| TT | A | -1.34% | |
| SHW | A | -1.34% | |
| MCO | B | -1.33% | |
| MMC | B | -1.3% | |
| LRCX | F | -1.28% | |
| HEI | B | -1.26% | |
| PWR | A | -1.24% | |
| MSI | B | -1.24% | |
| CTAS | B | -1.24% | |
| HCA | F | -1.22% | |
| WAB | B | -1.19% | |
| SNPS | B | -1.19% | |
| CDNS | B | -1.17% | |
| ORLY | B | -1.17% | |
| AZO | C | -1.16% | |
| IT | C | -1.15% | |
| ARES | A | -1.15% | |
| AME | A | -1.14% | |
| CPRT | A | -1.11% | |
| VRSK | A | -1.09% | |
| VMC | B | -1.08% | |
| WCN | A | -1.03% | |
| IR | B | -0.16% |
FFLC: Top Represented Industries & Keywords
FMAG: Top Represented Industries & Keywords
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