FMAT vs. SCHD
Compare and contrast key facts about Fidelity MSCI Materials Index ETF (FMAT) and Schwab US Dividend Equity ETF (SCHD).
FMAT and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both FMAT and SCHD 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 SCHD.
Key characteristics
| FMAT | SCHD | |
|---|---|---|
| YTD Return | 13.12% | 17.07% |
| 1Y Return | 28.05% | 29.42% |
| 3Y Return (Ann) | 4.98% | 6.98% |
| 5Y Return (Ann) | 12.21% | 12.68% |
| 10Y Return (Ann) | 9.07% | 11.66% |
| Sharpe Ratio | 1.95 | 2.58 |
| Sortino Ratio | 2.70 | 3.73 |
| Omega Ratio | 1.34 | 1.46 |
| Calmar Ratio | 2.10 | 2.70 |
| Martin Ratio | 9.48 | 14.33 |
| Ulcer Index | 2.97% | 2.04% |
| Daily Std Dev | 14.45% | 11.31% |
| Max Drawdown | -41.11% | -33.37% |
| Current Drawdown | -1.23% | -0.45% |
Correlation
The correlation between FMAT and SCHD is 0.81, 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.
Performance
FMAT vs. SCHD - Performance Comparison
In the year-to-date period, FMAT achieves a 13.12% return, which is significantly lower than SCHD's 17.07% return. Over the past 10 years, FMAT has underperformed SCHD with an annualized return of 9.07%, while SCHD has yielded a comparatively higher 11.66% 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. SCHD - Expense Ratio Comparison
FMAT has a 0.08% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FMAT vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FMAT's dividend yield for the trailing twelve months is around 1.50%, less than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAT Fidelity MSCI Materials Index ETF | 1.50% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% | 1.65% | 0.39% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FMAT vs. SCHD - Drawdown Comparison
The maximum FMAT drawdown since its inception was -41.11%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FMAT and SCHD. For additional features, visit the drawdowns tool.
Volatility
FMAT vs. SCHD - Volatility Comparison
Fidelity MSCI Materials Index ETF (FMAT) has a higher volatility of 3.77% compared to Schwab US Dividend Equity ETF (SCHD) at 3.58%. This indicates that FMAT's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.