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Fidelity MSCI Materials Index ETF (FMAT)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS3160928814
CUSIP316092881
IssuerFidelity
Inception DateOct 21, 2013
RegionNorth America (U.S.)
CategoryMaterials
Index TrackedMSCI USA IMI Materials Index
Home Pagescreener.fidelity.com
Asset ClassEquity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

The Fidelity MSCI Materials Index ETF has an expense ratio of 0.08% which is considered to be low.


0.50%1.00%1.50%2.00%0.08%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Fidelity MSCI Materials Index ETF

Popular comparisons: FMAT vs. XME, FMAT vs. GLTR, FMAT vs. VOO, FMAT vs. XLB, FMAT vs. SCHD, FMAT vs. VAW, FMAT vs. DGRW, FMAT vs. FXAIX, FMAT vs. FCOM, FMAT vs. FUTY

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity MSCI Materials Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%NovemberDecember2024FebruaryMarchApril
16.08%
15.74%
FMAT (Fidelity MSCI Materials Index ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Fidelity MSCI Materials Index ETF had a return of 3.83% year-to-date (YTD) and 12.69% in the last 12 months. Over the past 10 years, Fidelity MSCI Materials Index ETF had an annualized return of 8.41%, while the S&P 500 had an annualized return of 10.53%, indicating that Fidelity MSCI Materials Index ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date3.83%6.12%
1 month-0.59%-1.08%
6 months16.08%15.73%
1 year12.69%22.34%
5 years (annualized)11.18%11.82%
10 years (annualized)8.41%10.53%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-4.10%5.73%6.40%
2023-5.13%-3.85%8.78%5.92%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FMAT is 48, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of FMAT is 4848
Fidelity MSCI Materials Index ETF(FMAT)
The Sharpe Ratio Rank of FMAT is 4747Sharpe Ratio Rank
The Sortino Ratio Rank of FMAT is 4646Sortino Ratio Rank
The Omega Ratio Rank of FMAT is 4545Omega Ratio Rank
The Calmar Ratio Rank of FMAT is 5656Calmar Ratio Rank
The Martin Ratio Rank of FMAT is 4545Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


FMAT
Sharpe ratio
The chart of Sharpe ratio for FMAT, currently valued at 0.76, compared to the broader market0.002.004.000.76
Sortino ratio
The chart of Sortino ratio for FMAT, currently valued at 1.17, compared to the broader market-2.000.002.004.006.008.0010.001.17
Omega ratio
The chart of Omega ratio for FMAT, currently valued at 1.14, compared to the broader market1.001.502.002.501.14
Calmar ratio
The chart of Calmar ratio for FMAT, currently valued at 0.74, compared to the broader market0.002.004.006.008.0010.0012.000.74
Martin ratio
The chart of Martin ratio for FMAT, currently valued at 2.29, compared to the broader market0.0020.0040.0060.0080.002.29
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.89, compared to the broader market0.002.004.001.89
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.74, compared to the broader market-2.000.002.004.006.008.0010.002.74
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.33, compared to the broader market1.001.502.002.501.33
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.002.004.006.008.0010.0012.001.43
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.65, compared to the broader market0.0020.0040.0060.0080.007.65

Sharpe Ratio

The current Fidelity MSCI Materials Index ETF Sharpe ratio is 0.76. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2024FebruaryMarchApril
0.76
1.89
FMAT (Fidelity MSCI Materials Index ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity MSCI Materials Index ETF granted a 1.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.84 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.84$0.83$0.87$0.72$0.70$0.65$0.62$0.54$0.51$0.52$0.45$0.10

Dividend yield

1.67%1.71%2.00%1.44%1.73%1.89%2.18%1.53%1.78%2.16%1.65%0.39%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity MSCI Materials Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.00$0.21
2023$0.00$0.00$0.20$0.00$0.00$0.21$0.00$0.00$0.21$0.00$0.00$0.21
2022$0.00$0.00$0.20$0.00$0.00$0.27$0.00$0.00$0.20$0.00$0.00$0.21
2021$0.00$0.00$0.16$0.00$0.00$0.18$0.00$0.00$0.20$0.00$0.00$0.19
2020$0.00$0.00$0.21$0.00$0.00$0.15$0.00$0.00$0.17$0.00$0.00$0.17
2019$0.00$0.00$0.13$0.00$0.00$0.19$0.00$0.00$0.16$0.00$0.00$0.17
2018$0.00$0.00$0.14$0.00$0.00$0.16$0.00$0.00$0.15$0.00$0.00$0.17
2017$0.00$0.00$0.13$0.00$0.00$0.14$0.00$0.00$0.12$0.00$0.00$0.14
2016$0.00$0.00$0.14$0.00$0.00$0.12$0.00$0.00$0.13$0.00$0.00$0.11
2015$0.00$0.00$0.13$0.00$0.00$0.13$0.00$0.00$0.16$0.00$0.00$0.11
2014$0.00$0.00$0.13$0.00$0.00$0.09$0.00$0.00$0.12$0.00$0.00$0.13
2013$0.10

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-3.93%
-3.66%
FMAT (Fidelity MSCI Materials Index ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity MSCI Materials Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity MSCI Materials Index ETF was 41.11%, occurring on Mar 23, 2020. Recovery took 113 trading sessions.

The current Fidelity MSCI Materials Index ETF drawdown is 3.93%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-41.11%Jan 29, 2018541Mar 23, 2020113Sep 1, 2020654
-27.24%Feb 25, 2015231Jan 25, 2016206Nov 15, 2016437
-25.4%Apr 21, 2022109Sep 26, 2022358Feb 29, 2024467
-12.14%Sep 8, 201426Oct 13, 201484Feb 12, 2015110
-10.68%Jan 5, 202243Mar 8, 202213Mar 25, 202256

Volatility

Volatility Chart

The current Fidelity MSCI Materials Index ETF volatility is 3.89%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%NovemberDecember2024FebruaryMarchApril
3.89%
3.44%
FMAT (Fidelity MSCI Materials Index ETF)
Benchmark (^GSPC)