FMAT vs. FBCG
Compare and contrast key facts about Fidelity MSCI Materials Index ETF (FMAT) and Fidelity Blue Chip Growth ETF (FBCG).
FMAT and FBCG 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. FBCG is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Performance
FMAT vs. FBCG - Performance Comparison
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FMAT vs. FBCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 8.92% | 12.11% | 0.47% | 13.71% | -11.54% | 27.45% | 27.13% |
FBCG Fidelity Blue Chip Growth ETF | -8.61% | 18.60% | 39.05% | 57.98% | -39.10% | 21.34% | 42.99% |
Returns By Period
In the year-to-date period, FMAT achieves a 8.92% return, which is significantly higher than FBCG's -8.61% return.
FMAT
- 1D
- 2.38%
- 1M
- -7.47%
- YTD
- 8.92%
- 6M
- 10.77%
- 1Y
- 21.24%
- 3Y*
- 9.96%
- 5Y*
- 7.09%
- 10Y*
- 10.53%
FBCG
- 1D
- 4.81%
- 1M
- -5.43%
- YTD
- -8.61%
- 6M
- -6.56%
- 1Y
- 25.45%
- 3Y*
- 25.41%
- 5Y*
- 10.98%
- 10Y*
- —
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FMAT vs. FBCG - Expense Ratio Comparison
FMAT has a 0.08% expense ratio, which is lower than FBCG's 0.59% expense ratio.
Return for Risk
FMAT vs. FBCG — Risk / Return Rank
FMAT
FBCG
FMAT vs. FBCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and Fidelity Blue Chip Growth ETF (FBCG). 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.
| FMAT | FBCG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.97 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.54 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.65 | -0.09 |
Martin ratioReturn relative to average drawdown | 5.36 | 5.92 | -0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMAT | FBCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.97 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.43 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.67 | -0.23 |
Correlation
The correlation between FMAT and FBCG is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FMAT vs. FBCG - Dividend Comparison
FMAT's dividend yield for the trailing twelve months is around 1.47%, more than FBCG's 0.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 1.47% | 1.64% | 1.68% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% |
FBCG Fidelity Blue Chip Growth ETF | 0.05% | 0.05% | 0.12% | 0.02% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMAT vs. FBCG - Drawdown Comparison
The maximum FMAT drawdown since its inception was -41.11%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FMAT and FBCG.
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Drawdown Indicators
| FMAT | FBCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.11% | -43.56% | +2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -15.17% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -43.56% | +18.16% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | — | — |
Current DrawdownCurrent decline from peak | -7.47% | -11.09% | +3.62% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -11.79% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 4.23% | -0.09% |
Volatility
FMAT vs. FBCG - Volatility Comparison
The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 7.09%, while Fidelity Blue Chip Growth ETF (FBCG) has a volatility of 8.22%. This indicates that FMAT experiences smaller price fluctuations and is considered to be less risky than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMAT | FBCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 8.22% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 14.74% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.38% | 26.28% | -4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 25.82% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 25.92% | -4.78% |