All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

FMAGX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

FMAGX real return snapshot: after CPI-U inflation, FMAGX returned +4.12% over the past year and +0.91% YTD, with dividends reinvested. Since Nov. 5, 1984, FMAGX is up +2,880.50% in real purchasing-power return, or +8.50%/yr, and is currently −3.93% below its real total-return high on Jun. 2, 2026.

Data ending Tue Jun. 23, 2026

Mon 1984-11-05💬 to Tue 2026-06-23 YTD
Return 		1 Year
Return
FMAGX × 		+0.91%
2026-06-23 		+4.12%
2026-06-23
Fidelity Magellan Fund Mutual Fund

Returns

Mon 1984-11-05💬 to Tue 2026-06-23 Overall
Return 		Exponential
Trendline
FMAGX × 		+2,880.50%
+8.50%/yr 		+6.72%/yr
(R2=0.887)
Fidelity Magellan Fund Mutual Fund

Growth of $10,000

Mon 1984-11-05💬 to Tue 2026-06-23 Start
Value 		End
Value
FMAGX × 		$10,000.00
1984-11-05 		$298,049.80
2026-06-23
Fidelity Magellan Fund Mutual Fund

Annual Returns

Year FMAGX
2026 (YTD) +0.91%
2025 +7.70%
2024 +24.48%
2023 +26.79%
2022 −31.61%
2021 +18.73%
2020 +26.61%
2019 +28.33%
2018 −7.47%
2017 +23.88%
2016 +3.10%
2015 +3.59%
2014 +14.25%
2013 +33.92%
2012 +15.99%
2011 −14.10%
2010 +10.81%
2009 +37.39%
2008 −49.39%
2007 +15.12%
2006 +10.87%
2005 +3.02%
2004 +4.11%
2003 +22.52%
2002 −25.43%
2001 −12.99%
2000 −12.20%
1999 +21.38%
1998 +31.69%
1997 +24.63%
1996 +8.07%
1995 +33.90%
1994 −4.20%
1993 +22.03%
1992 +3.75%
1991 +37.49%
1990 −9.91%
1989 +29.10%
1988 +17.53%
1987 −2.35%
1986 +13.63%
1985 +31.44%
1984 +0.00%

Drawdowns

Mon 1984-11-05💬 to Tue 2026-06-23 Current
Drawdown 		Worst
Drawdown
FMAGX × 		−3.93%
from 2026-06-02 peak 		−64.70%
2008-11-20
from 2000-03-24 peak
Fidelity Magellan Fund Mutual Fund

Rolling Returns

Period ending Tue 2026-06-23 1
Year 		2
Years 		3
Years 		5
Years 		10
Years
FMAGX × 		+4.12% +12.33%
+5.99%/yr 		+53.05%
+15.24%/yr 		+31.73%
+5.67%/yr 		+172.52%
+10.55%/yr
Fidelity Magellan Fund Mutual Fund