VAW vs. FMAT
Compare and contrast key facts about Vanguard Materials ETF (VAW) and Fidelity MSCI Materials Index ETF (FMAT).
VAW and FMAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAW is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Materials 25/50 Index. It was launched on Jan 26, 2004. 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. Both VAW and FMAT 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: VAW or FMAT.
Correlation
The correlation between VAW and FMAT is 1.00, 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
VAW vs. FMAT - Performance Comparison
Key characteristics
VAW:
0.40
FMAT:
0.41
VAW:
0.64
FMAT:
0.66
VAW:
1.08
FMAT:
1.08
VAW:
0.43
FMAT:
0.44
VAW:
1.16
FMAT:
1.19
VAW:
4.91%
FMAT:
4.92%
VAW:
14.29%
FMAT:
14.32%
VAW:
-62.17%
FMAT:
-41.11%
VAW:
-8.95%
FMAT:
-8.91%
Returns By Period
The year-to-date returns for both stocks are quite close, with VAW having a 3.86% return and FMAT slightly lower at 3.84%. Both investments have delivered pretty close results over the past 10 years, with VAW having a 7.54% annualized return and FMAT not far ahead at 7.55%.
VAW
3.86%
-1.47%
-3.41%
4.05%
10.35%
7.54%
FMAT
3.84%
-1.42%
-3.41%
4.04%
10.44%
7.55%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VAW vs. FMAT - Expense Ratio Comparison
VAW has a 0.10% expense ratio, which is higher than FMAT's 0.08% 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
VAW vs. FMAT — Risk-Adjusted Performance Rank
VAW
FMAT
VAW vs. FMAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials ETF (VAW) and Fidelity MSCI Materials Index ETF (FMAT). 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
VAW vs. FMAT - Dividend Comparison
VAW's dividend yield for the trailing twelve months is around 1.64%, more than FMAT's 1.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAW Vanguard Materials ETF | 1.64% | 1.70% | 1.72% | 1.98% | 1.44% | 1.67% | 1.94% | 2.03% | 1.63% | 1.67% | 2.30% | 1.76% |
FMAT Fidelity MSCI Materials Index ETF | 1.62% | 1.68% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% | 1.65% |
Drawdowns
VAW vs. FMAT - Drawdown Comparison
The maximum VAW drawdown since its inception was -62.17%, which is greater than FMAT's maximum drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for VAW and FMAT. For additional features, visit the drawdowns tool.
Volatility
VAW vs. FMAT - Volatility Comparison
Vanguard Materials ETF (VAW) and Fidelity MSCI Materials Index ETF (FMAT) have volatilities of 3.95% and 3.99%, 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.