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FMAGvsPWBETF Comparison

ETF 1

FMAG

Fidelity Magellan ETF

This fund is part of

Uncategorized Equities

+0.6%

Full FMAG fund page

VS

ETF 2

PWB

Invesco Dynamic Large Cap Growth ETF

This fund is part of

US Large Cap Growth

+1.34%

Full PWB fund page

Fidelity Magellan ETF (FMAG) belongs to the Uncategorized Equities segment. Invesco Dynamic Large Cap Growth ETF (PWB) is part of the US Large Cap Growth segment. FMAG's top 3 sector exposures are Information Technology, Industrials and Consumer Discretionary. In contrast, PWB's top sector exposures are Information Technology, Industrials and Consumer Staples. FMAG is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.55% for PWB. FMAG is up 5.14% year-to-date (YTD) with -$18M in YTD flows. PWB performs better with 15.09% YTD performance, and +$258M in YTD flows. Run a side-by-side ETF comparison of FMAG and PWB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FMAG vs PWB performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMAG PWB	+12.50%+13.27%	+3.91%+8.82%	+5.14%+15.09%	+22.92%+50.00%	+80.46%+124.12%	+68.43%+102.41%
Flows	FMAG PWB	-$2M+$99M	-$11M+$239M	-$18M+$258M	+$12M+$428M	+$149M+$484M	+$175M+$395M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMAG PWB	+19.00%+24.79%	+14.52%+18.25%	+17.40%+19.02%	+19.83%+21.06%
Max drawdown	FMAG PWB	-12.23%-12.11%	-13.95%-12.11%	-20.04%-22.20%	-32.85%-31.51%
Max drawdown duration	FMAG PWB	77d71d	174d71d	131d101d	796d757d

Trading data

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	FMAG	PWB
Last sale 4/27/2026 at 1:30 PM	$35.96	$145.84
Previous close 04/24/2026	$35.95	$146.26
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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FMAG

is actively managed and doesn’t replicate an index

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	FMAG	PWB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FMAG	PWB
Last price	$35.96	$145.84
1D performance	+0.04%	-0.29%
AuM	$257.84 M	$1.91 B
E/R	0.57%	0.55%

Characteristics

	FMAG	PWB
Management strategy	Active	Passive
Provider	Fidelity	Invesco
Benchmark	-	Dynamic Large Cap Growth Intellidex Index
N° of holdings	711	46
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 4, 2021	March 3, 2005
ESG	No	No

More FMAG data on Trackinsight

More PWB data on Trackinsight

Exposure

Countries

FMAG

USA

93.63%

Other

6.37%

PWB

USA

92.89%

Other

7.11%

Sectors

FMAG

Information Techn.

39.55%

Industrials

16.46%

Consumer Discreti.

11.94%

Financials

9.39%

Other

22.65%

PWB

Information Techn.

43.82%

Industrials

15.72%

Consumer Staples

9.36%

Communication Ser.

9.26%

Other

21.83%

Diversification

FMAG

Total weight of top 15 holdings out of 15

56.11%

PWB

Total weight of top 15 holdings out of 15

50.76%

Top 15 holdings

Data as of March 31, 2026

FMAG

NVIDIA

10.90%

MICROSOFT-T

8.49%

AMAZON.COM INC

7.03%

BROADCOM LIMITED

5.63%

META PLATFORMS

3.83%

VISA INCORPORATION

2.46%

KLA CORPORATION

2.44%

HILTON INC

2.22%

TRANE TECHNOLOGIES PLC

2.09%

SYNOPSYS

1.99%

CADENCE DESIGN SYSTEMS

1.98%

COSTCO WHOLESALE

1.87%

MARTIN MARIETTA

1.86%

O'REILLY AUTOMOTIVE

1.70%

TRANSDIGM GROUP

1.63%

PWB

PALANTIR TECHNOLOGIES

4.05%

COSTCO WHOLESALE

3.60%

MASTERCARD

3.55%

WALMART INC

3.54%

VISA INCORPORATION

3.51%

AMAZON.COM INC

3.49%

ADVANCED MICRO DEVICES

3.45%

BROADCOM LIMITED

3.37%

MICROSOFT-T

3.35%

APPLE

3.34%

ALPHABET INC-CL

3.22%

NVIDIA

3.17%

MICRON TECHNOLOGY

3.12%

META PLATFORMS

3.00%

GENERAL ELECTRIC

2.99%

Frequently asked questions about FMAG and PWB

How have the FMAG and PWB ETFs performed in 2026?

As of April 24, 2026, FMAG is up 5.14% year-to-date (YTD), while PWB has returned 15.09%. That puts PWB better performer ahead so far this year.

Which ETF is attracting more investor money: FMAG or PWB?

Year-to-date, the FMAG ETF saw -$18M in flows, compared to +$258M for PWB.

Which ETF is more volatile: FMAG or PWB?

Over the past year, FMAG had a volatility of 14.52%, while PWB experienced 18.25%.

Which ETF is bigger: FMAG or PWB?

As of April 24, 2026, FMAG holds $257.84 M in assets under management (AUM), while PWB manages $1.91 B.

What sectors do the FMAG and PWB ETFs invest in?

FMAG leans toward sectors like Information Technology, Industrials and Consumer Discretionary. Meanwhile, PWB focuses on Information Technology, Industrials and Consumer Staples.

What are the top holdings of the FMAG ETF and PWB ETF?

FMAG top holdings include NVIDIA, MICROSOFT-T and AMAZON.COM INC. PWB holds in its top three: PALANTIR TECHNOLOGIES, COSTCO WHOLESALE and MASTERCARD.

Which ETF is more diversified: FMAG or PWB?

FMAG holds 749 securities with 56.11% of its assets in the top 15. PWB has 50 securities and a top 15 weight of 50.76%.

3 Famous Mutual Funds That Deserve an ETF Version

June 19, 2024

FMAG

FMAGvsPWBETF Comparison

Fidelity Magellan ETF

Invesco Dynamic Large Cap Growth ETF

FMAG vs PWB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FMAG and PWB ETFs performed in 2026?

As of April 24, 2026, FMAG is up 5.14% year-to-date (YTD), while PWB has returned 15.09%. That puts PWB better performer ahead so far this year.

Which ETF is attracting more investor money: FMAG or PWB?

Year-to-date, the FMAG ETF saw -$18M in flows, compared to +$258M for PWB.

Which ETF is more volatile: FMAG or PWB?

Over the past year, FMAG had a volatility of 14.52%, while PWB experienced 18.25%.

Which ETF is bigger: FMAG or PWB?

As of April 24, 2026, FMAG holds $257.84 M in assets under management (AUM), while PWB manages $1.91 B.

What sectors do the FMAG and PWB ETFs invest in?

FMAG leans toward sectors like Information Technology, Industrials and Consumer Discretionary. Meanwhile, PWB focuses on Information Technology, Industrials and Consumer Staples.

What are the top holdings of the FMAG ETF and PWB ETF?

FMAG top holdings include NVIDIA, MICROSOFT-T and AMAZON.COM INC. PWB holds in its top three: PALANTIR TECHNOLOGIES, COSTCO WHOLESALE and MASTERCARD.

Which ETF is more diversified: FMAG or PWB?

FMAG holds 749 securities with 56.11% of its assets in the top 15. PWB has 50 securities and a top 15 weight of 50.76%.

3 Famous Mutual Funds That Deserve an ETF Version

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