XME vs. FMAT
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and Fidelity MSCI Materials Index ETF (FMAT).
XME and FMAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. 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 XME 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: XME or FMAT.
Key characteristics
| XME | FMAT | |
|---|---|---|
| YTD Return | 15.27% | 10.28% |
| 1Y Return | 40.02% | 24.57% |
| 3Y Return (Ann) | 14.62% | 3.61% |
| 5Y Return (Ann) | 22.07% | 11.63% |
| 10Y Return (Ann) | 8.48% | 8.72% |
| Sharpe Ratio | 1.57 | 1.68 |
| Sortino Ratio | 2.19 | 2.35 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 1.17 | 1.94 |
| Martin Ratio | 6.28 | 8.15 |
| Ulcer Index | 6.50% | 2.99% |
| Daily Std Dev | 26.05% | 14.51% |
| Max Drawdown | -85.94% | -41.11% |
| Current Drawdown | -8.76% | -3.72% |
Correlation
The correlation between XME and FMAT is 0.77, 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
XME vs. FMAT - Performance Comparison
In the year-to-date period, XME achieves a 15.27% return, which is significantly higher than FMAT's 10.28% return. Both investments have delivered pretty close results over the past 10 years, with XME having a 8.48% annualized return and FMAT not far ahead at 8.72%. 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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XME vs. FMAT - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is higher than FMAT's 0.08% expense ratio.
Risk-Adjusted Performance
XME vs. FMAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) 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
XME vs. FMAT - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.58%, less than FMAT's 1.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.58% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
FMAT Fidelity MSCI Materials Index ETF | 1.54% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% | 1.65% | 0.39% |
Drawdowns
XME vs. FMAT - Drawdown Comparison
The maximum XME drawdown since its inception was -85.94%, which is greater than FMAT's maximum drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for XME and FMAT. For additional features, visit the drawdowns tool.
Volatility
XME vs. FMAT - Volatility Comparison
SPDR S&P Metals & Mining ETF (XME) has a higher volatility of 9.52% compared to Fidelity MSCI Materials Index ETF (FMAT) at 4.03%. This indicates that XME's price experiences larger fluctuations and is considered to be riskier than FMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.