FMAT vs. FXZ
Compare and contrast key facts about Fidelity MSCI Materials Index ETF (FMAT) and First Trust Materials AlphaDEX Fund (FXZ).
FMAT and FXZ 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. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both FMAT and FXZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FMAT vs. FXZ - Performance Comparison
Loading graphics...
FMAT vs. FXZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 8.92% | 12.11% | 0.47% | 13.71% | -11.54% | 27.45% | 19.57% | 23.35% | -17.40% | 23.51% |
FXZ First Trust Materials AlphaDEX Fund | 17.95% | 16.25% | -16.31% | 16.27% | -0.92% | 30.84% | 22.52% | 21.52% | -22.62% | 23.72% |
Returns By Period
In the year-to-date period, FMAT achieves a 8.92% return, which is significantly lower than FXZ's 17.95% return. Over the past 10 years, FMAT has underperformed FXZ with an annualized return of 10.53%, while FXZ has yielded a comparatively higher 11.09% annualized return.
FMAT
- 1D
- 2.38%
- 1M
- -7.47%
- YTD
- 8.92%
- 6M
- 10.77%
- 1Y
- 21.24%
- 3Y*
- 9.96%
- 5Y*
- 7.09%
- 10Y*
- 10.53%
FXZ
- 1D
- 3.07%
- 1M
- -3.11%
- YTD
- 17.95%
- 6M
- 24.85%
- 1Y
- 39.96%
- 3Y*
- 7.22%
- 5Y*
- 8.21%
- 10Y*
- 11.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMAT vs. FXZ - Expense Ratio Comparison
FMAT has a 0.08% expense ratio, which is lower than FXZ's 0.67% expense ratio.
Return for Risk
FMAT vs. FXZ — Risk / Return Rank
FMAT
FXZ
FMAT vs. FXZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and First Trust Materials AlphaDEX Fund (FXZ). 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 | FXZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.52 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.12 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.45 | -0.89 |
Martin ratioReturn relative to average drawdown | 5.36 | 9.45 | -4.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMAT | FXZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.52 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.34 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.45 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.33 | +0.10 |
Correlation
The correlation between FMAT and FXZ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMAT vs. FXZ - Dividend Comparison
FMAT's dividend yield for the trailing twelve months is around 1.47%, less than FXZ's 1.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 1.47% | 1.64% | 1.68% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% |
FXZ First Trust Materials AlphaDEX Fund | 1.52% | 1.74% | 1.81% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% |
Drawdowns
FMAT vs. FXZ - Drawdown Comparison
The maximum FMAT drawdown since its inception was -41.11%, smaller than the maximum FXZ drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for FMAT and FXZ.
Loading graphics...
Drawdown Indicators
| FMAT | FXZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.11% | -65.46% | +24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -16.38% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -33.99% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -49.41% | +8.30% |
Current DrawdownCurrent decline from peak | -7.47% | -4.10% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -11.45% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 4.25% | -0.11% |
Volatility
FMAT vs. FXZ - Volatility Comparison
The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 7.09%, while First Trust Materials AlphaDEX Fund (FXZ) has a volatility of 8.64%. This indicates that FMAT experiences smaller price fluctuations and is considered to be less risky than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMAT | FXZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 8.64% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 17.29% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.38% | 26.42% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 24.10% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 24.79% | -3.65% |