- ISIN
- US3160928814
- CUSIP
- 316092881
- Issuer
- Fidelity
- Inception Date
- Oct 21, 2013
- Region
- North America (U.S.)
- Category
- Materials
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA IMI Materials Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $616M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FMAT Performance Chart
Fidelity MSCI Materials Index ETF (FMAT) is up 15.0% since the beginning of the year. FMAT is currently trading at $61 per share. Investors who bought $1,000 worth of FMAT shares 5 years ago would now be looking at an investment worth $1,441.
Loading charts...
Returns By Period
Fidelity MSCI Materials Index ETF (FMAT) has returned 14.97% so far this year and 24.17% over the past 12 months. Over the last ten years, FMAT has returned 10.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Fidelity MSCI Materials Index ETF
- 1D
- 0.21%
- 1M
- 4.72%
- YTD
- 14.97%
- 6M
- 15.90%
- 1Y
- 24.17%
- 3Y*
- 11.67%
- 5Y*
- 7.58%
- 10Y*
- 10.55%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FMAT Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2013, FMAT's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +15.6%, while the worst month was Mar 2020 at -15.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FMAT closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +11.7%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.57% | 8.43% | -7.47% | 3.14% | 0.10% | 2.24% | 14.97% | ||||||
| 2025 | 4.94% | -0.40% | -3.64% | -1.63% | 2.80% | 2.53% | 0.06% | 6.77% | -1.19% | -4.67% | 4.04% | 2.54% | 12.11% |
| 2024 | -4.10% | 5.73% | 6.40% | -4.89% | 3.73% | -3.98% | 5.79% | 1.18% | 2.85% | -2.59% | 3.05% | -11.05% | 0.47% |
| 2023 | 9.62% | -2.84% | -1.48% | -0.94% | -6.58% | 11.11% | 3.71% | -3.31% | -5.13% | -3.85% | 8.78% | 5.92% | 13.71% |
| 2022 | -6.97% | 0.47% | 6.03% | -4.13% | 1.13% | -14.36% | 7.12% | -3.14% | -10.20% | 9.60% | 11.11% | -5.26% | -11.54% |
| 2021 | -2.52% | 4.83% | 8.33% | 4.90% | 5.39% | -5.17% | 1.51% | 1.92% | -7.01% | 7.27% | -0.86% | 7.33% | 27.45% |
Benchmark Metrics
Fidelity MSCI Materials Index ETF has an annualized alpha of -2.18%, beta of 0.99, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since October 24, 2013.
- This ETF participated in 112.91% of S&P 500 Index downside but only 97.79% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.18% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.99 and R2 of 0.70, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.18%
- Beta
- 0.99
- R²
- 0.70
- Upside Capture
- 97.79%
- Downside Capture
- 112.91%
Expense Ratio
FMAT has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
FMAT ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.71 | -0.90 |
| Martin ratioReturn relative to average drawdown | 5.76 | 12.15 | -6.39 |
Dividends
Dividend History
Fidelity MSCI Materials Index ETF provided a 1.39% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.87 | $0.81 | $0.83 | $0.87 | $0.72 | $0.70 | $0.65 | $0.62 | $0.54 | $0.51 | $0.52 |
Dividend yield | 1.39% | 1.64% | 1.68% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.21 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.81 |
| 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 | $0.83 |
| 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 | $0.87 |
| 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 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
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 2.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.11%Mar 2020 | 2y 1mo | 5mo 12d | 2y 7moJan 2018 - Sep 2020 |
2016 bear market2016 | -27.24%Jan 2016 | 11mo 4d | 9mo 25d | 1y 8moFeb 2015 - Nov 2016 |
Bear market2022 | -25.40%Sep 2022 | 5mo 8d | 1y 5mo | 1y 10moApr 2022 - Feb 2024 |
2025 selloff2025 | -23.17%Apr 2025 | 5mo 19d | 8mo 22d | 1y 2moOct 2024 - Dec 2025 |
2026 correction2026 | -13.48%Mar 2026 | 18d | — | 3mo 17dMar 2026 - now |
Drawdown Indicators
| FMAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.11% | -56.78% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -9.10% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -18.90% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -25.43% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -33.92% | -7.19% |
Current DrawdownCurrent decline from peak | -2.34% | -1.29% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -10.72% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.02% | +2.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FMAT
Add Fidelity MSCI Materials Index ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FMAT