Fidelity MSCI Materials Index ETF (FMAT) belongs to the Materials category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMAT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMAT
FMAT charges 0.08% annually. No ETFs in the Materials category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Materials ETF | 0.10% | 4.50B | Jan 2004 | FMAT vs VAW | |
| Materials Select Sector SPDR ETF | 0.13% | 7.33B | Dec 1998 | FMAT vs XLB | |
| Invesco S&P SmallCap Materials ETF | 0.29% | 21.06M | Apr 2010 | FMAT vs PSCM | |
| Hoya Capital Housing ETF | 0.30% | 34.76M | Mar 2019 | FMAT vs HOMZ | |
| SPDR S&P Metals & Mining ETF | 0.35% | 5.31B | Jun 2006 | FMAT vs XME |
Best Risk-Adjusted Alternatives to FMAT
FMAT has a PortfoliosLab risk / return rank of 34. There are 16 ETFs in the Materials category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 87 | 3.01B | Oct 2010 | FMAT vs REMX | |
| VanEck Vectors Steel ETF | 86 | 224.19M | Oct 2006 | FMAT vs SLX | |
| iShares MSCI Global Select Metals & Mining Produce... | 84 | 2.18B | Jan 2012 | FMAT vs PICK | |
| Global X Rare Earth & Critical Materials ETF | 79 | 45.97M | Jan 2022 | FMAT vs EART | |
| Invesco S&P SmallCap Materials ETF | 78 | 21.06M | Apr 2010 | FMAT vs PSCM |
Top Performing FMAT Alternatives (YTD)
FMAT is at 13.04% YTD. There are 15 ETFs in the Materials category with higher YTD returns, going as high as 33.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 33.01% | 3.01B | Oct 2010 | FMAT vs REMX | |
| VanEck Vectors Steel ETF | 32.29% | 224.19M | Oct 2006 | FMAT vs SLX | |
| iShares MSCI Global Select Metals & Mining Produce... | 30.58% | 2.18B | Jan 2012 | FMAT vs PICK | |
| First Trust Materials AlphaDEX Fund | 29.62% | 443.11M | May 2007 | FMAT vs FXZ | |
| Invesco S&P SmallCap Materials ETF | 26.28% | 21.06M | Apr 2010 | FMAT vs PSCM |
Lowest Volatility Alternatives to FMAT
FMAT has 17.66% 1-year volatility. There are 2 ETFs in the Materials category with lower 1-year volatility, going as low as 16.78%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Materials Select Sector SPDR ETF | 16.78% | 7.33B | Dec 1998 | FMAT vs XLB | |
| Vanguard Materials ETF | 17.65% | 4.50B | Jan 2004 | FMAT vs VAW | |
| Invesco S&P 500® Equal Weight Materials ETF | 18.15% | 178.90M | Nov 2006 | FMAT vs RSPM | |
| Invesco MSCI Global Timber ETF | 18.57% | 30.44M | Nov 2007 | FMAT vs CUT | |
| iShares U.S. Basic Materials ETF | 18.67% | 1.41B | Jun 2000 | FMAT vs IYM |
Lowest Drawdown Alternatives to FMAT
FMAT has a 1-year max drawdown of -13.48%. There are 4 ETFs in the Materials category with shallower 1-year drawdowns, going as shallow as -12.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P 500® Equal Weight Materials ETF | -12.32% | 178.90M | Nov 2006 | FMAT vs RSPM | |
| Materials Select Sector SPDR ETF | -12.38% | 7.33B | Dec 1998 | FMAT vs XLB | |
| First Trust Materials AlphaDEX Fund | -12.75% | 443.11M | May 2007 | FMAT vs FXZ | |
| Vanguard Materials ETF | -13.42% | 4.50B | Jan 2004 | FMAT vs VAW | |
| iShares U.S. Basic Materials ETF | -13.61% | 1.41B | Jun 2000 | FMAT vs IYM |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $26B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 77 | 31.89% | 17.89B | Oct 2013 | FMAT vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 64 | 8.39% | 9.18B | Sep 2016 | FMAT vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -25.34% | 14.17B | Jan 2024 | FMAT vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 40 | 0.50% | 25.56B | Oct 2014 | FMAT vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 68 | 16.16% | 10.01B | Sep 2003 | FMAT vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 57 | 15.59% | 6.21B | Jun 2020 | FMAT vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Growth Equities | 70 | 11.23% | 7.04B | Apr 2007 | FMAT vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 20 | 3.16% | 2.46B | Oct 2013 | FMAT vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -39.45% | 1.22B | Jul 2024 | FMAT vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 44 | 7.70% | 5.32B | Nov 2023 | FMAT vs FELG |
Often Compared With FMAT
Investors most often compare FMAT with GLTR, FXAIX, VOO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare FMAT with Any Fund or Stock
Compare FMAT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMAT with funds that move differently
Fidelity MSCI Materials Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMAT.
Explore FMAT Diversifiers