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

Key characteristics


FMATFUTY
YTD Return5.83%13.67%
1Y Return21.79%13.80%
3Y Return (Ann)3.51%6.13%
5Y Return (Ann)13.70%7.11%
10Y Return (Ann)8.35%8.63%
Sharpe Ratio1.500.82
Daily Std Dev14.90%16.99%
Max Drawdown-41.11%-36.44%
Current Drawdown-2.08%-3.18%

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.

Performance

FMAT vs. FUTY - Performance Comparison

In the year-to-date period, FMAT achieves a 5.83% return, which is significantly lower than FUTY's 13.67% return. Both investments have delivered pretty close results over the past 10 years, with FMAT having a 8.35% annualized return and FUTY not far ahead at 8.63%. 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%160.00%December2024FebruaryMarchAprilMay
147.39%
156.29%
FMAT
FUTY

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Fidelity MSCI Materials Index ETF

Fidelity MSCI Utilities Index ETF

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%

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.


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
FUTY
Sharpe ratio
The chart of Sharpe ratio for FUTY, currently valued at 0.82, compared to the broader market0.002.004.006.000.82
Sortino ratio
The chart of Sortino ratio for FUTY, currently valued at 1.23, compared to the broader market0.005.0010.001.23
Omega ratio
The chart of Omega ratio for FUTY, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.001.15
Calmar ratio
The chart of Calmar ratio for FUTY, currently valued at 0.55, compared to the broader market0.005.0010.0015.000.55
Martin ratio
The chart of Martin ratio for FUTY, currently valued at 1.88, compared to the broader market0.0020.0040.0060.0080.00100.001.88

FMAT vs. FUTY - Sharpe Ratio Comparison

The current FMAT Sharpe Ratio is 1.50, which is higher than the FUTY Sharpe Ratio of 0.82. The chart below compares the 12-month rolling Sharpe Ratio of FMAT and FUTY.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50December2024FebruaryMarchAprilMay
1.50
0.82
FMAT
FUTY

Dividends

FMAT vs. FUTY - Dividend Comparison

FMAT's dividend yield for the trailing twelve months is around 1.64%, less than FUTY's 3.00% 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%
FUTY
Fidelity MSCI Utilities Index ETF
3.00%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.


-20.00%-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-2.08%
-3.18%
FMAT
FUTY

Volatility

FMAT vs. FUTY - Volatility Comparison

The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 3.57%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 3.99%. 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.


2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%December2024FebruaryMarchAprilMay
3.57%
3.99%
FMAT
FUTY