Fidelity MSCI Materials Index ETF
$56.73+0.17 (+0.30%)
- 0.08%
- $574M
- +12.6%
- 1.45%
- 0.1M sh
- $56.53
- low $48.76high $62.84
The ETF.net FMAT Grade
B
Score 69 out of 100
- 2 of 14
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A95 out of 100Rank 1 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 6 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 5 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 9 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 8 of 14
Our read on FMAT
BThe 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
- 106
- 59%
- LIN.DE
Sectors
- Materials90.6%
- Consumer Discretionary8.2%
- Health Care0.5%
- Energy0.5%
- Industrials0.1%
Geography
- United States78.81%
- United Kingdom16.91%
- Ireland2.56%
- Switzerland1.37%
- France0.22%
- Canada0.13%
Developed 100% · Emerging 0%
FMAT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FMAT$11,256
Returns run to the Oct 12, 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 | +7.6% |
| 1 month | −2.9% |
| 3 months | −2.2% |
| 1 year | +12.6% |
| 3 years | +10.9% |
| 5 years | +6.3% |
| 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 | +7.6% | |
| 2025 | +12.1% | |
| 2024 | +0.5% | |
| 2023 | +13.7% | |
| 2022 | −11.5% | |
| 2021 | +27.5% | |
| 2020 | +19.6% |
FMAT in the news
FMAT Dividends
- 1.45%
- $0.82
- $0.20 per share
- Quarterly
Distribution history
FMAT Risk
- 17.4%
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.
- 0.37
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.
- 0.98
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
0.08%
FMAT0.08%
- The middle half of Materials (Broad) funds
- Median 0.37%
No Materials (Broad) fund charges less.
Other funds in Materials (Broad)
- AXLBState Street Materials Select Sector SPDR ETFExpense ratio 0.08%1 year return +15.9%
- BVAWVanguard Materials ETFExpense ratio 0.09%1 year return +12.9%
- BXMEState Street SPDR S&P Metals & Mining ETFExpense ratio 0.35%1 year return +4.3%
- BMXIiShares Global Materials ETFExpense ratio 0.37%1 year return +23.0%
- BIYMiShares U.S. Basic Materials ETFExpense ratio 0.37%1 year return +26.8%