FMAT vs. FCOM
Compare and contrast key facts about Fidelity MSCI Materials Index ETF (FMAT) and Fidelity MSCI Communication Services Index ETF (FCOM).
FMAT and FCOM 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. FCOM is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. It was launched on Oct 21, 2013. Both FMAT and FCOM 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 FCOM.
Key characteristics
| FMAT | FCOM | |
|---|---|---|
| YTD Return | 13.12% | 32.93% |
| 1Y Return | 28.05% | 44.73% |
| 3Y Return (Ann) | 4.98% | 3.42% |
| 5Y Return (Ann) | 12.21% | 12.24% |
| 10Y Return (Ann) | 9.07% | 10.35% |
| Sharpe Ratio | 1.95 | 2.82 |
| Sortino Ratio | 2.70 | 3.71 |
| Omega Ratio | 1.34 | 1.51 |
| Calmar Ratio | 2.10 | 1.66 |
| Martin Ratio | 9.48 | 21.16 |
| Ulcer Index | 2.97% | 2.11% |
| Daily Std Dev | 14.45% | 15.83% |
| Max Drawdown | -41.11% | -46.76% |
| Current Drawdown | -1.23% | 0.00% |
Correlation
The correlation between FMAT and FCOM is 0.58, 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.
Performance
FMAT vs. FCOM - Performance Comparison
In the year-to-date period, FMAT achieves a 13.12% return, which is significantly lower than FCOM's 32.93% return. Over the past 10 years, FMAT has underperformed FCOM with an annualized return of 9.07%, while FCOM has yielded a comparatively higher 10.35% 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. FCOM - Expense Ratio Comparison
Both FMAT and FCOM have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FMAT vs. FCOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and Fidelity MSCI Communication Services Index ETF (FCOM). 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. FCOM - Dividend Comparison
FMAT's dividend yield for the trailing twelve months is around 1.50%, more than FCOM's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 1.50% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% | 1.65% | 0.39% |
FCOM Fidelity MSCI Communication Services Index ETF | 0.82% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 7.54% | 2.25% | 2.92% | 2.69% | 0.25% |
Drawdowns
FMAT vs. FCOM - Drawdown Comparison
The maximum FMAT drawdown since its inception was -41.11%, smaller than the maximum FCOM drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for FMAT and FCOM. For additional features, visit the drawdowns tool.
Volatility
FMAT vs. FCOM - Volatility Comparison
The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 3.77%, while Fidelity MSCI Communication Services Index ETF (FCOM) has a volatility of 3.98%. This indicates that FMAT experiences smaller price fluctuations and is considered to be less risky than FCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.