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

Key characteristics


FMATXME
YTD Return5.35%6.51%
1Y Return21.24%36.49%
3Y Return (Ann)3.39%13.97%
5Y Return (Ann)13.32%21.84%
10Y Return (Ann)8.38%6.40%
Sharpe Ratio1.311.56
Daily Std Dev14.93%22.79%
Max Drawdown-41.11%-85.94%
Current Drawdown-2.52%-15.70%

Correlation

-0.50.00.51.00.8

The correlation between FMAT and XME is 0.76, 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. XME - Performance Comparison

In the year-to-date period, FMAT achieves a 5.35% return, which is significantly lower than XME's 6.51% return. Over the past 10 years, FMAT has outperformed XME with an annualized return of 8.38%, while XME has yielded a comparatively lower 6.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


60.00%80.00%100.00%120.00%140.00%160.00%December2024FebruaryMarchAprilMay
146.28%
89.20%
FMAT
XME

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Fidelity MSCI Materials Index ETF

SPDR S&P Metals & Mining ETF

FMAT vs. XME - Expense Ratio Comparison

FMAT has a 0.08% expense ratio, which is lower than XME's 0.35% expense ratio.


XME
SPDR S&P Metals & Mining ETF
Expense ratio chart for XME: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
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%

Risk-Adjusted Performance

FMAT vs. XME - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Materials Index ETF (FMAT) and SPDR S&P Metals & Mining ETF (XME). 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 1.31, compared to the broader market0.002.004.001.31
Sortino ratio
The chart of Sortino ratio for FMAT, currently valued at 1.91, compared to the broader market0.005.0010.001.91
Omega ratio
The chart of Omega ratio for FMAT, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.23
Calmar ratio
The chart of Calmar ratio for FMAT, currently valued at 1.23, compared to the broader market0.005.0010.0015.001.23
Martin ratio
The chart of Martin ratio for FMAT, currently valued at 3.92, compared to the broader market0.0020.0040.0060.0080.00100.003.92
XME
Sharpe ratio
The chart of Sharpe ratio for XME, currently valued at 1.60, compared to the broader market0.002.004.001.60
Sortino ratio
The chart of Sortino ratio for XME, currently valued at 2.28, compared to the broader market0.005.0010.002.28
Omega ratio
The chart of Omega ratio for XME, 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 XME, currently valued at 1.17, compared to the broader market0.005.0010.0015.001.17
Martin ratio
The chart of Martin ratio for XME, currently valued at 7.51, compared to the broader market0.0020.0040.0060.0080.00100.007.51

FMAT vs. XME - Sharpe Ratio Comparison

The current FMAT Sharpe Ratio is 1.31, which roughly equals the XME Sharpe Ratio of 1.56. The chart below compares the 12-month rolling Sharpe Ratio of FMAT and XME.


Rolling 12-month Sharpe Ratio0.000.501.001.50December2024FebruaryMarchAprilMay
1.31
1.60
FMAT
XME

Dividends

FMAT vs. XME - Dividend Comparison

FMAT's dividend yield for the trailing twelve months is around 1.64%, more than XME's 0.83% 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%
XME
SPDR S&P Metals & Mining ETF
0.83%1.00%1.64%0.70%0.99%2.43%2.23%1.15%1.02%2.61%2.21%1.32%

Drawdowns

FMAT vs. XME - Drawdown Comparison

The maximum FMAT drawdown since its inception was -41.11%, smaller than the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for FMAT and XME. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-2.52%
-2.36%
FMAT
XME

Volatility

FMAT vs. XME - Volatility Comparison

The current volatility for Fidelity MSCI Materials Index ETF (FMAT) is 3.54%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 6.34%. This indicates that FMAT experiences smaller price fluctuations and is considered to be less risky than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%December2024FebruaryMarchAprilMay
3.54%
6.34%
FMAT
XME