FMAT vs. DGRW
Compare and contrast key facts about Fidelity MSCI Materials Index ETF (FMAT) and WisdomTree U.S. Dividend Growth Fund (DGRW).
FMAT and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMAT is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Materials Index. It was launched on Oct 21, 2013. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both FMAT and DGRW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAT or DGRW.
Key characteristics
| FMAT | DGRW | |
|---|---|---|
| YTD Return | 12.39% | 23.38% |
| 1Y Return | 28.26% | 34.84% |
| 3Y Return (Ann) | 4.70% | 12.69% |
| 5Y Return (Ann) | 12.05% | 15.00% |
| 10Y Return (Ann) | 8.96% | 13.27% |
| Sharpe Ratio | 1.88 | 3.16 |
| Sortino Ratio | 2.61 | 4.37 |
| Omega Ratio | 1.33 | 1.60 |
| Calmar Ratio | 2.03 | 5.40 |
| Martin Ratio | 9.15 | 20.56 |
| Ulcer Index | 2.98% | 1.64% |
| Daily Std Dev | 14.47% | 10.71% |
| Max Drawdown | -41.11% | -32.04% |
| Current Drawdown | -1.87% | 0.00% |
Correlation
The correlation between FMAT and DGRW is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMAT vs. DGRW - Performance Comparison
In the year-to-date period, FMAT achieves a 12.39% return, which is significantly lower than DGRW's 23.38% return. Over the past 10 years, FMAT has underperformed DGRW with an annualized return of 8.96%, while DGRW has yielded a comparatively higher 13.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMAT vs. DGRW - Expense Ratio Comparison
FMAT has a 0.08% expense ratio, which is lower than DGRW's 0.28% expense ratio.
Risk-Adjusted Performance
FMAT vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and WisdomTree U.S. Dividend Growth Fund (DGRW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FMAT vs. DGRW - Dividend Comparison
FMAT's dividend yield for the trailing twelve months is around 1.51%, more than DGRW's 1.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 1.51% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% | 1.65% | 0.39% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.48% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.06% |
Drawdowns
FMAT vs. DGRW - Drawdown Comparison
The maximum FMAT drawdown since its inception was -41.11%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for FMAT and DGRW. For additional features, visit the drawdowns tool.
Volatility
FMAT vs. DGRW - Volatility Comparison
Fidelity MSCI Materials Index ETF (FMAT) has a higher volatility of 3.84% compared to WisdomTree U.S. Dividend Growth Fund (DGRW) at 3.55%. This indicates that FMAT's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.