Fidelity MSCI Materials Index ETF
$57.58−0.46 (−0.78%)
- Expense ratio
- 0.08%
- Fund size
- $620M
- 1Y return
- +11.7%
- Yield · Last 12 months
- 1.41%
- Holdings
- 115
- Volume · 30D
- 0.1M sh
- NAV per share
- $56.87
- 52W range
The ETF.net FMAT Grade
Score 69 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 95Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 50Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
Our read on FMAT
AThe whole US materials sector in one cheap wrapper: chemicals, industrial gases, miners and packagers, roughly 120 names spanning large down to small caps, for 0.08% a year. Fidelity has run it since 2013.
The fund seeks to provide returns that generally correspond, before fees and expenses, to the MSCI USA IMI Materials Index.
Why people hold it
- Costs 0.08% a year, tied with XLB for the lowest fee among materials ETFs and a fraction of what the typical fund in the group charges.
- Tracks MSCI's investable-market index, so the basket reaches past the mega caps into mid and small caps: roughly 120 holdings, not a dozen giants.institutional.fidelity.com
- Does what the label says. Its returns have hugged its stated MSCI materials index, one of the stronger index implementations in its peer group.
- Live since 2013 with a multi-hundred-million-dollar asset base and quarterly distributions.
Worth knowing
- One sector, and a cyclical one. Materials profits ride commodity prices and industrial demand, so this can move a long way from the broad market in either direction.
- US-listed companies only, so the big Australian, Canadian and European miners sit outside the basket.institutional.fidelity.com
- Moderately traded rather than a volume leader, so spreads can run wider than at the busiest materials funds, especially in fast markets.
FMAT Holdings
- Stocks
- 115
- 57%
- LIN.DE
Sectors
- Materials89.5%
- Consumer Discr.9.4%
- Industrials0.6%
- Health Care0.5%
Geography
- United States80.41%
- United Kingdom15.34%
- Ireland2.59%
- Switzerland1.31%
- France0.21%
- Canada0.14%
FMAT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FMAT |
|---|---|
| Year to date | +10.4% |
| 1 month | −5.0% |
| 3 months | −2.4% |
| 1 year | +11.7% |
| 3 years | +11.4% |
| 5 years | +7.3% |
| 10 years | +9.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FMAT |
|---|---|---|
| 2026 YTD | +10.4% | |
| 2025 | +12.1% | |
| 2024 | +0.5% | |
| 2023 | +13.7% | |
| 2022 | −11.5% | |
| 2021 | +27.5% | |
| 2020 | +19.6% |
FMAT in the news
ETF.net Research hasn’t filed on FMAT yet — coverage lands here as it’s written.
FMAT Dividends
- 1.41%
- $0.82
- $0.20 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.20 |
| Jun 18, 2026 | Jun 23, 2026 | $0.21 |
| Mar 20, 2026 | Mar 24, 2026 | $0.20 |
| Dec 19, 2025 | Dec 23, 2025 | $0.21 |
| Sep 19, 2025 | Sep 23, 2025 | $0.22 |
| Jun 20, 2025 | Jun 24, 2025 | $0.22 |
| Mar 21, 2025 | Mar 25, 2025 | $0.22 |
| Dec 20, 2024 | Dec 24, 2024 | $0.21 |
| Sep 20, 2024 | Sep 24, 2024 | $0.21 |
| Jun 21, 2024 | Jun 25, 2024 | $0.19 |
| Mar 15, 2024 | Mar 20, 2024 | $0.21 |
| Dec 15, 2023 | Dec 20, 2023 | $0.21 |
FMAT Risk
- 17.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.42
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMAT Cost
- The middle half of Materials (Broad) funds
- Median 0.37%
No Materials (Broad) fund charges less.