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

Performance

FMAT vs. VAW - Performance Comparison

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

-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.70%
5.75%
FMAT
VAW

Returns By Period

The year-to-date returns for both investments are quite close, with FMAT having a 11.36% return and VAW slightly higher at 11.51%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FMAT at 8.60% and VAW at 8.60%.


FMAT

YTD

11.36%

1M

-1.07%

6M

5.70%

1Y

20.19%

5Y (annualized)

12.23%

10Y (annualized)

8.60%

VAW

YTD

11.51%

1M

-0.97%

6M

5.74%

1Y

20.15%

5Y (annualized)

12.15%

10Y (annualized)

8.60%

Key characteristics


FMATVAW
Sharpe Ratio1.431.42
Sortino Ratio2.001.99
Omega Ratio1.251.25
Calmar Ratio2.412.40
Martin Ratio6.646.67
Ulcer Index3.07%3.05%
Daily Std Dev14.26%14.27%
Max Drawdown-41.11%-62.17%
Current Drawdown-2.77%-2.71%

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FMAT vs. VAW - Expense Ratio Comparison

FMAT has a 0.08% expense ratio, which is lower than VAW's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VAW
Vanguard Materials ETF
Expense ratio chart for VAW: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
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%

Correlation

-0.50.00.51.01.0

The correlation between FMAT and VAW is 0.99, 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.

Risk-Adjusted Performance

FMAT vs. VAW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and Vanguard Materials ETF (VAW). 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 market0.002.004.001.431.42
The chart of Sortino ratio for FMAT, currently valued at 2.00, compared to the broader market-2.000.002.004.006.008.0010.002.001.99
The chart of Omega ratio for FMAT, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.25
The chart of Calmar ratio for FMAT, currently valued at 2.41, compared to the broader market0.005.0010.0015.002.412.40
The chart of Martin ratio for FMAT, currently valued at 6.64, compared to the broader market0.0020.0040.0060.0080.00100.006.646.67
FMAT
VAW

The current FMAT Sharpe Ratio is 1.43, which is comparable to the VAW Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FMAT and VAW, 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 Ratio0.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.43
1.42
FMAT
VAW

Dividends

FMAT vs. VAW - Dividend Comparison

FMAT's dividend yield for the trailing twelve months is around 1.52%, less than VAW's 1.54% 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%
VAW
Vanguard Materials ETF
1.54%1.72%1.98%1.44%1.67%1.94%2.03%1.63%1.67%2.30%1.76%1.84%

Drawdowns

FMAT vs. VAW - Drawdown Comparison

The maximum FMAT drawdown since its inception was -41.11%, smaller than the maximum VAW drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for FMAT and VAW. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.77%
-2.71%
FMAT
VAW

Volatility

FMAT vs. VAW - Volatility Comparison

Fidelity MSCI Materials Index ETF (FMAT) and Vanguard Materials ETF (VAW) have volatilities of 4.21% and 4.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.21%
4.19%
FMAT
VAW