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FMAT vs. FUTY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FMAT vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Materials Index ETF (FMAT) and Fidelity MSCI Utilities Index ETF (FUTY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
5.70%
17.07%
FMAT
FUTY

Returns By Period

In the year-to-date period, FMAT achieves a 11.36% return, which is significantly lower than FUTY's 32.01% return. Over the past 10 years, FMAT has underperformed FUTY with an annualized return of 8.60%, while FUTY has yielded a comparatively higher 9.50% annualized return.


FMAT

YTD

11.36%

1M

-1.07%

6M

5.70%

1Y

20.19%

5Y (annualized)

12.23%

10Y (annualized)

8.60%

FUTY

YTD

32.01%

1M

0.88%

6M

17.07%

1Y

35.66%

5Y (annualized)

8.30%

10Y (annualized)

9.50%

Key characteristics


FMATFUTY
Sharpe Ratio1.432.35
Sortino Ratio2.003.18
Omega Ratio1.251.40
Calmar Ratio2.411.86
Martin Ratio6.6411.48
Ulcer Index3.07%3.17%
Daily Std Dev14.26%15.49%
Max Drawdown-41.11%-36.44%
Current Drawdown-2.77%-0.27%

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FMAT vs. FUTY - Expense Ratio Comparison

Both FMAT and FUTY 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 FUTY: 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%

Correlation

-0.50.00.51.00.4

The correlation between FMAT and FUTY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

FMAT vs. FUTY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and Fidelity MSCI Utilities Index ETF (FUTY). 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.


Sharpe ratio
The chart of Sharpe ratio for FMAT, currently valued at 1.43, compared to the broader market0.002.004.001.432.35
The chart of Sortino ratio for FMAT, currently valued at 2.00, compared to the broader market-2.000.002.004.006.008.0010.0012.002.003.18
The chart of Omega ratio for FMAT, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.40
The chart of Calmar ratio for FMAT, currently valued at 2.41, compared to the broader market0.005.0010.0015.002.411.86
The chart of Martin ratio for FMAT, currently valued at 6.64, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.6411.48
FMAT
FUTY

The current FMAT Sharpe Ratio is 1.43, which is lower than the FUTY Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of FMAT and FUTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.43
2.35
FMAT
FUTY

Dividends

FMAT vs. FUTY - Dividend Comparison

FMAT's dividend yield for the trailing twelve months is around 1.52%, less than FUTY's 2.65% yield.


TTM20232022202120202019201820172016201520142013
FMAT
Fidelity MSCI Materials Index ETF
1.52%1.71%2.00%1.44%1.73%1.89%2.18%1.53%1.78%2.16%1.65%0.39%
FUTY
Fidelity MSCI Utilities Index ETF
2.65%3.31%2.72%2.70%3.07%2.82%3.11%3.03%3.35%4.33%3.04%0.86%

Drawdowns

FMAT vs. FUTY - Drawdown Comparison

The maximum FMAT drawdown since its inception was -41.11%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FMAT and FUTY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.77%
-0.27%
FMAT
FUTY

Volatility

FMAT vs. FUTY - Volatility Comparison

The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 4.21%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.42%. This indicates that FMAT experiences smaller price fluctuations and is considered to be less risky than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.21%
5.42%
FMAT
FUTY