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FMAGvsPWBETF Comparison

ETF 1

FMAG

Fidelity Magellan ETF

This fund is part of

Uncategorized Equities

-0.06%

Full FMAG fund page

VS

ETF 2

PWB

Invesco Dynamic Large Cap Growth ETF

This fund is part of

US Large Cap Growth

-1.15%

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 Technology, Industrials and Finance. In contrast, PWB's top sector exposures are Technology, Industrials and Consumer Non-Cyclicals. FMAG is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.55% for PWB. FMAG is down -0.22% year-to-date (YTD) with -$36M in YTD flows. PWB performs better with 14.37% YTD performance, and +$862M 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 11/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMAG PWB	-6.50%-12.34%	-6.48%-6.47%	-0.22%+14.37%	-2.91%+11.10%	+59.24%+109.62%	+40.06%+83.79%
Flows	FMAG PWB	-$909K+$26M	-$6M+$287M	-$36M+$862M	-$44M+$868M	+$132M+$1.09B	+$139M+$996M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMAG PWB	+15.35%+24.23%	+17.33%+25.43%	+18.04%+21.61%	+20.24%+22.44%
Max drawdown	FMAG PWB	-8.24%-13.29%	-12.91%-13.90%	-20.04%-22.20%	-32.85%-31.51%
Max drawdown duration	FMAG PWB	78d27d	164d125d	131d101d	796d757d

Trading data

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	FMAG	PWB
Last sale 11/3/2026 at 2:30 PM	$34.56	$147.60
Previous close 11/02/2026	$34.10	$145.33
Consolidated volume 11/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 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 11/3/2026 at 2:30 PM

Live

Closed

	FMAG	PWB
Last price	$34.56	$147.60
1D performance	+1.36%	+1.56%
AuM	$227.65 M	$2.45 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	47	50
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

94.1%

Other

5.9%

PWB

USA

95.57%

Other

4.43%

Sectors

FMAG

Technology

58.24%

Industrials

11.69%

Finance

7.71%

Consumer Non-Cycl.

7.27%

Other

15.1%

PWB

Technology

55.97%

Industrials

19.59%

Consumer Non-Cycl.

9.94%

Other

14.49%

Diversification

FMAG

Total weight of top 15 holdings out of 15

68.63%

PWB

Total weight of top 15 holdings out of 15

51.13%

Top 15 holdings

Data as of September 30, 2026

FMAG

US4642873099

20.99%

NVIDIA Corp.

7.32%

Amazon.com, Inc.

5.58%

Advanced Micro Devices, Inc.

5.41%

Alphabet, Inc.

4.78%

Broadcom Inc.

4.34%

Microsoft Corp.

2.74%

KLA Corp.

2.72%

Mastercard, Inc.

2.56%

Arista Networks, Inc.

2.33%

GE Aerospace

2.22%

Amphenol Corp.

2.13%

Motorola Solutions, Inc.

1.91%

Hilton Worldwide Holdings, Inc.

1.81%

Eaton Corp. Plc

1.79%

PWB

Intel Corp.

4.26%

Advanced Micro Devices, Inc.

4.08%

Meta Platforms, Inc.

4.03%

Micron Technology, Inc.

3.63%

Apple, Inc.

3.51%

NVIDIA Corp.

3.45%

Applied Materials, Inc.

3.26%

Caterpillar, Inc.

3.25%

Alphabet, Inc.

3.18%

Broadcom Inc.

3.15%

Costco Wholesale Corp.

3.09%

Eli Lilly & Co.

3.09%

Visa, Inc.

3.08%

Mastercard, Inc.

3.05%

Amazon.com, Inc.

3.03%

Frequently asked questions about FMAG and PWB

How have the FMAG and PWB ETFs performed in 2026?

As of November 2, 2026, FMAG is down -0.22% year-to-date (YTD), while PWB has returned 14.37%. 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 -$36M in flows, compared to +$862M for PWB.

Which ETF is more volatile: FMAG or PWB?

Over the past year, FMAG had a volatility of 17.33%, while PWB experienced 25.43%.

Which ETF is bigger: FMAG or PWB?

As of November 2, 2026, FMAG holds $227.65 M in assets under management (AUM), while PWB manages $2.45 B.

What sectors do the FMAG and PWB ETFs invest in?

FMAG leans toward sectors like Technology, Industrials and Finance. Meanwhile, PWB focuses on Technology, Industrials and Consumer Non-Cyclicals.

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

FMAG top holdings include US4642873099, NVIDIA Corp. and Amazon.com, Inc.. PWB holds in its top three: Intel Corp., Advanced Micro Devices, Inc. and Meta Platforms, Inc..

Which ETF is more diversified: FMAG or PWB?

FMAG holds 566 securities with 68.63% of its assets in the top 15. PWB has 50 securities and a top 15 weight of 51.13%.

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 November 2, 2026, FMAG is down -0.22% year-to-date (YTD), while PWB has returned 14.37%. 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 -$36M in flows, compared to +$862M for PWB.

Which ETF is more volatile: FMAG or PWB?

Over the past year, FMAG had a volatility of 17.33%, while PWB experienced 25.43%.

Which ETF is bigger: FMAG or PWB?

As of November 2, 2026, FMAG holds $227.65 M in assets under management (AUM), while PWB manages $2.45 B.

What sectors do the FMAG and PWB ETFs invest in?

FMAG leans toward sectors like Technology, Industrials and Finance. Meanwhile, PWB focuses on Technology, Industrials and Consumer Non-Cyclicals.

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

FMAG top holdings include US4642873099, NVIDIA Corp. and Amazon.com, Inc.. PWB holds in its top three: Intel Corp., Advanced Micro Devices, Inc. and Meta Platforms, Inc..

Which ETF is more diversified: FMAG or PWB?

FMAG holds 566 securities with 68.63% of its assets in the top 15. PWB has 50 securities and a top 15 weight of 51.13%.

3 Famous Mutual Funds That Deserve an ETF Version

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