PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FMAT vs. FCOM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FMATFCOM
YTD Return5.83%14.03%
1Y Return21.79%33.00%
3Y Return (Ann)3.51%-0.30%
5Y Return (Ann)13.70%10.26%
10Y Return (Ann)8.35%8.92%
Sharpe Ratio1.502.10
Daily Std Dev14.90%16.85%
Max Drawdown-41.11%-46.76%
Current Drawdown-2.08%-8.97%

Correlation

-0.50.00.51.00.6

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 5.83% return, which is significantly lower than FCOM's 14.03% return. Over the past 10 years, FMAT has underperformed FCOM with an annualized return of 8.35%, while FCOM has yielded a comparatively higher 8.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


110.00%120.00%130.00%140.00%150.00%December2024FebruaryMarchAprilMay
147.39%
152.21%
FMAT
FCOM

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Fidelity MSCI Materials Index ETF

Fidelity MSCI Communication Services Index ETF

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%.


FMAT
Fidelity MSCI Materials Index ETF
Expense ratio chart for FMAT: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
Expense ratio chart for FCOM: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

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.


FMAT
Sharpe ratio
The chart of Sharpe ratio for FMAT, currently valued at 1.50, compared to the broader market0.002.004.006.001.50
Sortino ratio
The chart of Sortino ratio for FMAT, currently valued at 2.15, compared to the broader market0.005.0010.002.15
Omega ratio
The chart of Omega ratio for FMAT, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.27
Calmar ratio
The chart of Calmar ratio for FMAT, currently valued at 1.40, compared to the broader market0.005.0010.0015.001.40
Martin ratio
The chart of Martin ratio for FMAT, currently valued at 4.46, compared to the broader market0.0020.0040.0060.0080.00100.004.46
FCOM
Sharpe ratio
The chart of Sharpe ratio for FCOM, currently valued at 2.10, compared to the broader market0.002.004.006.002.10
Sortino ratio
The chart of Sortino ratio for FCOM, currently valued at 2.87, compared to the broader market0.005.0010.002.87
Omega ratio
The chart of Omega ratio for FCOM, currently valued at 1.37, compared to the broader market0.501.001.502.002.503.001.37
Calmar ratio
The chart of Calmar ratio for FCOM, currently valued at 1.11, compared to the broader market0.005.0010.0015.001.11
Martin ratio
The chart of Martin ratio for FCOM, currently valued at 11.57, compared to the broader market0.0020.0040.0060.0080.00100.0011.57

FMAT vs. FCOM - Sharpe Ratio Comparison

The current FMAT Sharpe Ratio is 1.50, which roughly equals the FCOM Sharpe Ratio of 2.10. The chart below compares the 12-month rolling Sharpe Ratio of FMAT and FCOM.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50December2024FebruaryMarchAprilMay
1.50
2.10
FMAT
FCOM

Dividends

FMAT vs. FCOM - Dividend Comparison

FMAT's dividend yield for the trailing twelve months is around 1.64%, more than FCOM's 0.73% yield.


TTM20232022202120202019201820172016201520142013
FMAT
Fidelity MSCI Materials Index ETF
1.64%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
0.73%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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-2.08%
-8.97%
FMAT
FCOM

Volatility

FMAT vs. FCOM - Volatility Comparison

The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 3.57%, while Fidelity MSCI Communication Services Index ETF (FCOM) has a volatility of 3.82%. 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.


3.00%4.00%5.00%6.00%7.00%December2024FebruaryMarchAprilMay
3.57%
3.82%
FMAT
FCOM