AVMV vs FMAT
Comparison between AVANTIS U.S. MID CAP VALUE ETF (AVMV, ETF) and FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF).
AVMV vs FMAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AVMV
$623M
FMAT
$616M
Expense Ratio
AVMV
0.20%
Winner
FMAT
0.08%
Max Drawdown
Winner
AVMV
24.83%
FMAT
43.86%
Sharpe Ratio
Winner
AVMV
1.59
FMAT
1.00
5Y Beta
AVMV
0.94
Winner
FMAT
0.87
P/E Ratio
Winner
AVMV
21.07
FMAT
30.88
Forward P/E
Winner
AVMV
14.18
FMAT
17.26
PEG Ratio
AVMV
0.41
FMAT
N/A
5Y Dividends CAGR
AVMV
N/A
FMAT
4.45%
5Y EPS CAGR
AVMV
14.07%
Winner
FMAT
19.31%
Debt to Equity
AVMV
N/A
FMAT
50.45%
P/S Ratio
Winner
AVMV
1.24
FMAT
2.08
P/B Ratio
Winner
AVMV
2.61
FMAT
2.99
AVMV vs FMAT - Holdings Comparison
AVMV and FMAT have 18 common holdings. Overlap is 4.71%
AVMV's top 25 holdings weight is 26.75%. FMAT's top 25 holdings weight is 77.67%.
| Rank | AVMV | FMAT |
|---|---|---|
| #1 | FLEX LTD (FLEX) - 1.76% | LINDE PLC (LIN) - 15.44% |
| #2 | DEVON ENERGY CORP (DVN) - 1.65% | NEWMONT CORP (NEM) - 7.82% |
| #3 | ON SEMICONDUCTOR CORP (ON) - 1.57% | FREEPORT-MCMORAN INC (FCX) - 5.93% |
| #4 | DELTA AIR LINES INC (DAL) - 1.53% | SHERWIN-WILLIAMS CO (SHW) - 4.71% |
| #5 | NUCOR CORP (NUE) - 1.38% | CRH PLC (CRH) - 4.40% |
| #6 | n/a (ODFL) - 1.30% | ECOLAB INC (ECL) - 4.16% |
| #7 | TARGA RESOURCES CORP (TRGP) - 1.25% | AIR PRODUCTS AND CHEMICALS INC (APD) - 4.14% |
| #8 | OCCIDENTAL PETROLEUM CORP (OXY) - 1.13% | NUCOR CORP (NUE) - 3.53% |
| #9 | UNITED AIRLINES HOLDINGS INC (UAL) - 1.08% | CORTEVA INC (CTVA) - 3.43% |
| #10 | COMFORT SYSTEMS USA INC (FIX) - 1.06% | VULCAN MATERIALS CO (VMC) - 2.28% |
| #11 | AMERIPRISE FINANCIAL INC (AMP) - 1.05% | STEEL DYNAMICS INC (STLD) - 2.23% |
| #12 | CARNIVAL CORPORATION LTD (CCL) - 1.03% | MARTIN MARIETTA MATERIALS INC (MLM) - 2.17% |
| #13 | STATE STREET CORP (STT) - 1.03% | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.64% |
| #14 | JABIL INC (JBL) - 1.03% | DOW INC (DOW) - 1.61% |
| #15 | TARGET CORP (TGT) - 1.02% | PPG INDUSTRIES INC (PPG) - 1.58% |
| #16 | D.R. HORTON INC (DHI) - 1.02% | DUPONT DE NEMOURS INC (DD) - 1.33% |
| #17 | CENTENE CORP (CNC) - 1.01% | ALBEMARLE CORP (ALB) - 1.32% |
| #18 | THE HARTFORD INSURANCE GROUP INC (HIG) - 1.01% | SMURFIT WESTROCK PLC (SW) - 1.31% |
| #19 | IDEXX LABORATORIES INC (IDXX) - 1.01% | PACKAGING CORP OF AMERICA (PKG) - 1.26% |
| #20 | AMERICAN INTERNATIONAL GROUP INC (AIG) - 1.01% | RELIANCE INC (RS) - 1.26% |
| #21 | TD SYNNEX CORP (SNX) - 0.57% | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.25% |
| #22 | LYONDELLBASELL INDUSTRIES NV CLASS A (LYB) - 0.57% | ALCOA CORP (AA) - 1.24% |
| #23 | SMURFIT WESTROCK PLC (SW) - 0.56% | COEUR MINING INC (CDE) - 1.22% |
| #24 | THE ESTEE LAUDER COMPANIES INC CLASS A (EL) - 0.56% | ROYAL GOLD INC (RGLD) - 1.22% |
| #25 | CF INDUSTRIES HOLDINGS INC (CF) - 0.56% | CF INDUSTRIES HOLDINGS INC (CF) - 1.19% |
| Total Holdings | 265 | 106 |
AVMV vs FMAT - Historical Returns
Returns include dividend reinvestment.
1M
AVMV
+4.19%
Winner
FMAT
+4.72%
3M
Winner
AVMV
+10.95%
FMAT
+6.62%
6M
AVMV
+13.47%
Winner
FMAT
+15.91%
1Y
Winner
AVMV
+26.95%
FMAT
+24.18%
5Y(CAGR)
AVMV
N/A
FMAT
+7.06%
10Y(CAGR)
AVMV
N/A
FMAT
+10.62%
Max(CAGR)
Winner
AVMV
+23.21%
FMAT
+9.16%
AVMV vs FMAT - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | AVMV | FMAT |
|---|---|---|
| 2026 | +12.06% | +13.14% |
| 2025 | +10.52% | +13.29% |
| 2024 | +18.73% | +0.84% |
| 2023 | +15.56% | +13.85% |
| 2022 | N/A | -10.66% |
| 2021 | N/A | +28.83% |
| 2020 | N/A | +20.79% |
| 2019 | N/A | +22.83% |
| 2018 | N/A | -18.83% |
| 2017 | N/A | +22.61% |
| 2016 | N/A | +23.44% |
| 2015 | N/A | -10.02% |
| 2014 | N/A | +6.47% |
| 2013 | N/A | +5.12% |
AVMV vs FMAT Drawdown Comparison
The maximum drawdown for AVMV was -24.24%, occurring on Apr 8, 2025. Recovery took 252 trading sessions.
The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.
The current AVMV drawdown is -0.67%. The current FMAT drawdown is -2.33%.
| Rank | AVMV | FMAT |
|---|---|---|
| #1 | -24.24% Nov 25, 2024 - Nov 28, 2025 | -41.08% Jan 26, 2018 - Sep 1, 2020 |
| #2 | -8.56% Jul 16, 2024 - Sep 19, 2024 | -27.23% Feb 24, 2015 - Nov 15, 2016 |
| #3 | -7.62% Feb 20, 2026 - Apr 20, 2026 | -25.40% Apr 20, 2022 - Feb 29, 2024 |
| #4 | -7.18% Mar 28, 2024 - Jul 16, 2024 | -23.17% Oct 18, 2024 - Dec 26, 2025 |
| #5 | -4.27% Dec 26, 2023 - Feb 12, 2024 | -13.47% Feb 27, 2026 - Mar 20, 2026 |
| #6 | -2.90% Oct 16, 2024 - Nov 6, 2024 | -12.14% Sep 5, 2014 - Feb 12, 2015 |
| #7 | -2.78% May 6, 2026 - Jun 2, 2026 | -10.68% Jan 4, 2022 - Mar 25, 2022 |
| #8 | -2.14% Feb 12, 2024 - Feb 15, 2024 | -10.63% May 17, 2021 - Nov 8, 2021 |
| #9 | -2.01% Jan 15, 2026 - Jan 21, 2026 | -9.11% Jan 12, 2021 - Mar 10, 2021 |
| #10 | -1.92% Nov 11, 2024 - Nov 21, 2024 | -7.81% Sep 17, 2020 - Oct 9, 2020 |
| #11 | -1.78% Dec 11, 2025 - Jan 5, 2026 | -7.72% Nov 12, 2021 - Dec 29, 2021 |
| #12 | -1.66% Dec 19, 2023 - Dec 26, 2023 | -6.81% Apr 9, 2024 - Jul 31, 2024 |
| #13 | -1.64% Feb 11, 2026 - Feb 18, 2026 | -6.69% Dec 31, 2013 - Feb 14, 2014 |
| #14 | -1.50% Dec 4, 2023 - Dec 11, 2023 | -6.65% Oct 12, 2020 - Nov 3, 2020 |
| #15 | -1.28% Jan 21, 2026 - Feb 3, 2026 | -6.57% Jul 31, 2024 - Aug 26, 2024 |
Correlation
Correlation between AVMV and FMAT is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2013 - 2026)
AVMV vs FMAT dividend yield comparison.
| Year | AVMV | FMAT |
|---|---|---|
| 2026 | 0.53% | 0.33% |
| 2025 | 1.20% | 1.64% |
| 2024 | 1.30% | 1.68% |
| 2023 | 0.25% | 1.71% |
| 2022 | 0.00% | 2.00% |
| 2021 | 0.00% | 1.44% |
| 2020 | 0.00% | 1.73% |
| 2019 | 0.00% | 1.89% |
| 2018 | 0.00% | 2.18% |
| 2017 | 0.00% | 1.53% |
| 2016 | 0.00% | 1.78% |
| 2015 | 0.00% | 2.16% |
| 2014 | 0.00% | 1.65% |
| 2013 | 0.00% | 0.39% |
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