Skip to content
etf.net

FMAT vs WOOD

Fidelity MSCI Materials Index ETF

FMATANYSE Arca

iShares Global Timber & Forestry ETF

WOODDNasdaq

Overlap

Expense ratio

FMAT −0.31pt a year

FMAT0.08%WOOD0.39%

Avg volume · 30D

FMAT 2.5×the volume

FMAT57.1KWOOD23.2K

10Y return · a year

FMAT +5.6pt

FMAT+10.1%WOOD+4.5%

FMAT vs WOOD Performance

Oct 29, 2021 – Oct 30, 2026

+34.2%FMAT−14.8%WOOD

Oct 29, 2021 to Oct 30, 2026. FMAT +34.2%. WOOD −14.8%. Use the arrow keys to read each point.0%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
FMAT 0.08%, better
WOOD 0.39%
Fund size
FMAT $574M
WOOD $247M
1Y total return
FMAT +18.7%, better
WOOD −3.7%
Yield (12M)
FMAT 1.40%
WOOD 2.58%, better
Holdings
FMAT 107
WOOD 39
Avg volume (30D)
FMAT 57.1K sh, better
WOOD 23.2K sh
NAV per share
FMAT $58.45
WOOD $65.30
52W range

ETF.net Grade

FMAT: Cost 95, Risk 57, Mission not scored, Tradability 55, Holdings 48, Durability 52. WOOD: Cost 31, Risk 38, Mission not scored, Tradability 28, Holdings 42, Durability 54.
Pillar letters and Scores for FMAT, WOOD, with each pillar’s weight
PillarFMATWOOD
Cost30% weightA95HigherD31
Mission25% weightNot scoredNot scored
Risk15% weightB57HigherD38
Tradability15% weightB55HigherD28
Holdings10% weightC48HigherC42
Durability5% weightC52C54Higher

Rank among Materials (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FMAT and WOOD are both graded against the same 14 Materials (Broad) funds, so their Grades compare head to head.

Materials (Broad)⁠

Category · 14 funds
See all 14 ›

FMAT ranks 2nd and WOOD 12th of 14 funds in the Materials (Broad) Category.

  1. Rank 1AXLBState Street Materials Select Sector SPDR ETFScore 84
  2. Rank 2AFMATFidelity MSCI Materials Index ETFScore 70
  3. Rank 3BVAWVanguard Materials ETFScore 66
  4. Rank 11DFXZFirst Trust Materials AlphaDEX FundScore 38
  5. Rank 12DWOODiShares Global Timber & Forestry ETFScore 34
  6. Rank 13DSLXVanEck Steel ETFScore 33

Our read on each fund

ETF.net Research

FMATAFidelity MSCI Materials Index ETF

WOODDiShares Global Timber & Forestry ETF

In short

FMAT The 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.

WOOD Wood is a commodity you can only really own through companies: timberland REITs, Brazilian pulp, Nordic paper, packaging. WOOD packs roughly 25 of them into one ticker and has been doing it since 2008.

Stated mandate

FMAT The fund seeks to provide returns that generally correspond, before fees and expenses, to the MSCI USA IMI Materials Index.

WOOD WOOD is designed to follow an index of worldwide stocks involved in or connected with timber and forestry, giving investors targeted exposure to forest products, packaging, and paper businesses.

Why people hold it

  • FMAT 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.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.
  • WOOD Genuinely narrow: the index targets companies that own, manage or supply the upstream chain of forests and timberlands, not a materials grab bag.spglobal.com
  • Global by construction, developed and emerging markets both, so Brazilian pulp, Nordic paper and North American timber REITs sit side by side.blackrock.com
  • Live since 2008, with a semiannual distribution schedule fed by paper, packaging and timber REIT dividends.blackrock.com

Worth knowing

  • FMAT 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.fidelity.com
  • Moderately traded rather than a volume leader, so spreads can run wider than at the busiest materials funds, especially in fast markets.
  • WOOD Concentrated: around 25 holdings and non-diversified by prospectus, so a handful of large names steer the ride.ishares.com
  • At 0.39% it costs several times a broad materials index fund like XLB, VAW or FMAT, all near 0.08%. Narrow themes rarely come cheap.
  • Thinly traded next to the big sector funds, and most holdings trade on overseas exchanges, so spreads can run wider.blackrock.com

Full FMAT profile⁠

Full WOOD profile⁠

FMAT vs WOOD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FMAT vs WOOD Cost

Overpaying WOOD vs FMAT

$6,125

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FMAT 0.084%

    $1,773

  • WOOD 0.39%

    $7,898

$10,000
30 years

Cost over time

  • FMAT 0.084%
  • WOOD 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530WOOD $7,898FMAT $1,773

Year by year

YearFMATWOODOverpaying
10$154$705$551
20$603$2,725$2,122
30$1,773$7,898$6,125

Expense ratio

  • 0.08%FMAT, cheaper
  • 0.39%WOOD
  • Middle half of Materials (Broad) funds
  • Median 0.37%

FMAT 2nd cheapest of 14 funds

WOOD 9th cheapest of 14 funds

FMAT vs WOOD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FMAT 1.40%
WOOD 2.58%, better
Payout (12M)
FMAT $0.82
WOOD $1.68
Last payment
FMAT $0.20
WOOD $0.63
Ex-dividend
FMAT Sep 18, 2026
WOOD Jun 15, 2026
Paid on
FMAT Sep 22, 2026
WOOD Jun 18, 2026
Frequency
FMAT Quarterly
WOOD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FMATQuarterly · 39 paymentsAll FMAT payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.13; Jun 16, 2017 $0.14; Sep 15, 2017 $0.12; Dec 15, 2017 $0.14; Mar 16, 2018 $0.14; Jun 15, 2018 $0.16; Sep 21, 2018 $0.15; Dec 21, 2018 $0.17; Mar 15, 2019 $0.13; Jun 21, 2019 $0.19; Sep 20, 2019 $0.16; Dec 20, 2019 $0.17; Mar 20, 2020 $0.21; Jun 19, 2020 $0.15; Sep 18, 2020 $0.17; Dec 18, 2020 $0.17; Mar 19, 2021 $0.16; Jun 18, 2021 $0.18; Sep 17, 2021 $0.20; Dec 17, 2021 $0.19; Mar 18, 2022 $0.20; Jun 17, 2022 $0.27; Sep 16, 2022 $0.20; Dec 16, 2022 $0.21; Mar 17, 2023 $0.20; Jun 16, 2023 $0.21; Sep 15, 2023 $0.21; Dec 15, 2023 $0.21; Mar 15, 2024 $0.21; Jun 21, 2024 $0.19; Sep 20, 2024 $0.21; Dec 20, 2024 $0.21; Mar 21, 2025 $0.22; Jun 20, 2025 $0.22; Sep 19, 2025 $0.22; Dec 19, 2025 $0.21; Mar 20, 2026 $0.20; Jun 18, 2026 $0.21; Sep 18, 2026 $0.20. Use the arrow keys to read each point.$0$12017202020232026YTD
WOODTwice a year · 18 paymentsAll WOOD payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.69; Dec 21, 2017 $0.16; Jun 19, 2018 $0.80; Dec 18, 2018 $0.81; Jun 17, 2019 $1.12; Dec 16, 2019 $0.12; Jun 15, 2020 $0.47; Dec 14, 2020 $0.31; Jun 10, 2021 $0.86; Dec 13, 2021 $0.28; Jun 9, 2022 $1.54; Dec 13, 2022 $0.10; Jun 7, 2023 $1.34; Jun 11, 2024 $1.26; Dec 17, 2024 $0.34; Jun 16, 2025 $0.75; Dec 16, 2025 $1.06; Jun 15, 2026 $0.63. Use the arrow keys to read each point.$0$12017202020232026YTD

FMAT vs WOOD Risk

Fall from peak · 5 years

  • FMAT
  • WOOD
Oct 29, 2021 to Oct 30, 2026. Worst fall: WOOD −30.7% · Sep 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FMAT 17.3%WOOD 17.2%, better
Return per unit of riskSharpe ratio, 3 years
FMAT 0.54, betterWOOD −0.23
Worst fallMax drawdown, 5 years
FMAT −25.4%, betterWOOD −30.7%
Market sensitivityBeta, 5 years
FMAT 0.98WOOD 0.74

Popular comparisons

  • FMATAvsXLBA

    Fidelity MSCI Materials Index ETF · State Street Materials Select Sector SPDR ETF

    Expense ratio
    0.08% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WOODDvsXLBA

    iShares Global Timber & Forestry ETF · State Street Materials Select Sector SPDR ETF

    Expense ratio
    0.39% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FMATAvsVAWB

    Fidelity MSCI Materials Index ETF · Vanguard Materials ETF

    Expense ratio
    0.08% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WOODDvsVAWB

    iShares Global Timber & Forestry ETF · Vanguard Materials ETF

    Expense ratio
    0.39% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FMATAvsXMEB

    Fidelity MSCI Materials Index ETF · State Street SPDR S&P Metals & Mining ETF

    Expense ratio
    0.08% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WOODDvsXMEB

    iShares Global Timber & Forestry ETF · State Street SPDR S&P Metals & Mining ETF

    Expense ratio
    0.39% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.