FMAT vs. FUTY
Compare and contrast key facts about Fidelity MSCI Materials Index ETF (FMAT) and Fidelity MSCI Utilities Index ETF (FUTY).
FMAT and FUTY 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both FMAT and FUTY 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 FUTY.
Key characteristics
| FMAT | FUTY | |
|---|---|---|
| YTD Return | 2.96% | 6.63% |
| 1Y Return | 15.56% | 1.36% |
| 3Y Return (Ann) | 4.15% | 3.31% |
| 5Y Return (Ann) | 11.22% | 5.63% |
| 10Y Return (Ann) | 8.45% | 7.83% |
| Sharpe Ratio | 0.93 | -0.06 |
| Daily Std Dev | 15.20% | 17.02% |
| Max Drawdown | -41.11% | -36.44% |
| Current Drawdown | -4.73% | -9.18% |
Correlation
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 2.96% return, which is significantly lower than FUTY's 6.63% return. Over the past 10 years, FMAT has outperformed FUTY with an annualized return of 8.45%, while FUTY has yielded a comparatively lower 7.83% 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. 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%.
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.
Dividends
FMAT vs. FUTY - Dividend Comparison
FMAT's dividend yield for the trailing twelve months is around 1.68%, less than FUTY's 3.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 1.68% | 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 | 3.20% | 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.
Volatility
FMAT vs. FUTY - Volatility Comparison
The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 3.75%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 4.90%. 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.