ELM vs FMAT
Comparison between ELM MARKET NAVIGATOR ETF (ELM, ETF) and FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF).
ELM vs FMAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ELM
$579M
FMAT
$579M
Expense Ratio
ELM
0.24%
Winner
FMAT
0.08%
Max Drawdown
Winner
ELM
9.02%
FMAT
43.86%
Sharpe Ratio
Winner
ELM
1.09
FMAT
0.70
5Y Beta
Winner
ELM
0.46
FMAT
0.86
P/E Ratio
ELM
N/A
FMAT
30.31
Forward P/E
ELM
N/A
FMAT
18.85
5Y Dividends CAGR
ELM
N/A
FMAT
4.94%
5Y EPS CAGR
ELM
N/A
FMAT
15.70%
Debt to Equity
ELM
N/A
FMAT
35.35%
P/S Ratio
ELM
N/A
FMAT
2.05
P/B Ratio
ELM
N/A
FMAT
3.10
ELM vs FMAT - Holdings Comparison
ELM and FMAT have 1 common holdings. Overlap is -4.46%
ELM's top 25 holdings weight is 103.98%. FMAT's top 25 holdings weight is 78.71%.
| Rank | ELM | FMAT |
|---|---|---|
| #1 | VANGUARD TOTAL STOCK MARKET ETF (VTI) - 19.25% | LINDE PLC (LIN) - 15.76% |
| #2 | SCHWAB US TIPS ETF„¢ (SCHP) - 14.22% | NEWMONT CORP (NEM) - 6.73% |
| #3 | ISHARES® 0-3 MONTH TREASURY BOND ETF (SGOV) - 10.51% | FREEPORT-MCMORAN INC (FCX) - 6.06% |
| #4 | VANGUARD FTSE EMERGING MARKETS ETF (VWO) - 8.44% | SHERWIN-WILLIAMS CO (SHW) - 5.04% |
| #5 | ISHARES CORE MSCI EUROPE ETF (IEUR) - 7.06% | ECOLAB INC (ECL) - 4.52% |
| #6 | ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG) - 6.04% | CRH PLC (CRH) - 4.50% |
| #7 | JPMORGAN BETABUILDERS EUROPE ETF (BBEU) - 5.80% | AIR PRODUCTS AND CHEMICALS INC (APD) - 4.22% |
| #8 | SPDR® PORTFOLIO EMERGING MARKETS ETF (SPEM) - 5.65% | CORTEVA INC (CTVA) - 3.93% |
| #9 | ISHARES CORE MSCI PACIFIC ETF (IPAC) - 4.74% | NUCOR CORP (NUE) - 3.49% |
| #10 | DEPOSITS WITH BROKER FOR SHORT POSITIONS (n/a) - 4.66% | VULCAN MATERIALS CO (VMC) - 2.43% |
| #11 | VANGUARD FTSE PACIFIC ETF (VPL) - 3.18% | MARTIN MARIETTA MATERIALS INC (MLM) - 2.22% |
| #12 | SCHWAB US BROAD MARKET ETF„¢ (SCHB) - 2.15% | STEEL DYNAMICS INC (STLD) - 2.16% |
| #13 | VANGUARD TOTAL BOND MARKET ETF (BND) - 2.07% | PPG INDUSTRIES INC (PPG) - 1.74% |
| #14 | ISHARES CORE US AGGREGATE BOND ETF (AGG) - 1.99% | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.63% |
| #15 | VANGUARD FTSE ALL-WLD EX-US ETF (VEU) - 1.10% | SMURFIT WESTROCK PLC (SW) - 1.52% |
| #16 | SCHWAB US REIT ETF„¢ (SCHH) - 1.09% | DOW INC (DOW) - 1.48% |
| #17 | ISHARES IBOXX $ INVMT GRADE CORP BD ETF (LQD) - 0.97% | PACKAGING CORP OF AMERICA (PKG) - 1.37% |
| #18 | SCHWAB INTERNATIONAL SMALL-CAP EQ ETF„¢ (SCHC) - 0.94% | AMCOR PLC ORDINARY SHARES (AMCR) - 1.35% |
| #19 | ISHARES MSCI EAFE SMALL-CAP ETF (SCZ) - 0.81% | RELIANCE INC (RS) - 1.32% |
| #20 | VANGUARD VALUE ETF (VTV) - 0.78% | DUPONT DE NEMOURS INC (DD) - 1.28% |
| #21 | JPMORGAN BETABUILDERS CANADA ETF (BBCA) - 0.73% | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.28% |
| #22 | ISHARES CORE S&P TOTAL US STOCK MKT ETF (ITOT) - 0.72% | CF INDUSTRIES HOLDINGS INC (CF) - 1.27% |
| #23 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.48% | INTERNATIONAL PAPER CO (IP) - 1.23% |
| #24 | VANGUARD SMALL-CAP ETF (VB) - 0.38% | ROYAL GOLD INC (RGLD) - 1.11% |
| #25 | VANGUARD S&P 500 ETF (VOO) - 0.22% | COEUR MINING INC (CDE) - 1.07% |
| Total Holdings | 31 | 104 |
ELM vs FMAT - Historical Returns
Returns include dividend reinvestment.
1M
ELM
+2.71%
Winner
FMAT
+3.60%
3M
ELM
+1.81%
Winner
FMAT
+2.59%
6M
Winner
ELM
+4.09%
FMAT
-1.71%
1Y
ELM
+14.62%
Winner
FMAT
+16.29%
5Y(CAGR)
ELM
N/A
FMAT
+6.71%
10Y(CAGR)
ELM
N/A
FMAT
+10.09%
Max(CAGR)
Winner
ELM
+13.96%
FMAT
+9.07%
ELM vs FMAT - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | ELM | FMAT |
|---|---|---|
| 2026 | +8.84% | +13.86% |
| 2025 | +11.89% | +13.29% |
| 2024 | N/A | +0.84% |
| 2023 | N/A | +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% |
ELM vs FMAT Drawdown Comparison
The maximum drawdown for ELM was -9.02%, occurring on Apr 8, 2025. Recovery took 74 trading sessions.
The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.
The current ELM drawdown is -0.17%. The current FMAT drawdown is -1.71%.
| Rank | ELM | FMAT |
|---|---|---|
| #1 | -9.02% Feb 18, 2025 - Jun 4, 2025 | -41.08% Jan 26, 2018 - Sep 1, 2020 |
| #2 | -7.52% Feb 25, 2026 - May 6, 2026 | -27.23% Feb 24, 2015 - Nov 15, 2016 |
| #3 | -3.77% Oct 27, 2025 - Dec 24, 2025 | -25.40% Apr 20, 2022 - Feb 29, 2024 |
| #4 | -2.92% Jun 2, 2026 - Aug 4, 2026 | -23.17% Oct 18, 2024 - Dec 26, 2025 |
| #5 | -2.42% Oct 6, 2025 - Oct 20, 2025 | -13.47% Feb 27, 2026 - Mar 20, 2026 |
| #6 | -2.13% Jul 23, 2025 - Aug 12, 2025 | -12.14% Sep 5, 2014 - Feb 12, 2015 |
| #7 | -1.68% May 11, 2026 - May 26, 2026 | -10.68% Jan 4, 2022 - Mar 25, 2022 |
| #8 | -1.54% Jan 27, 2026 - Feb 9, 2026 | -10.63% May 17, 2021 - Nov 8, 2021 |
| #9 | -1.34% Jun 12, 2025 - Jun 24, 2025 | -9.11% Jan 12, 2021 - Mar 10, 2021 |
| #10 | -1.19% Jan 12, 2026 - Jan 22, 2026 | -7.81% Sep 17, 2020 - Oct 9, 2020 |
| #11 | -0.99% Aug 22, 2025 - Sep 5, 2025 | -7.72% Nov 12, 2021 - Dec 29, 2021 |
| #12 | -0.80% Jul 17, 2025 - Jul 22, 2025 | -6.81% Apr 9, 2024 - Jul 31, 2024 |
| #13 | -0.79% Sep 23, 2025 - Sep 30, 2025 | -6.69% Dec 31, 2013 - Feb 14, 2014 |
| #14 | -0.70% Aug 13, 2026 - Aug 19, 2026 | -6.65% Oct 12, 2020 - Nov 3, 2020 |
| #15 | -0.65% Aug 13, 2025 - Aug 22, 2025 | -6.57% Jul 31, 2024 - Aug 26, 2024 |
Correlation
Correlation between ELM and FMAT is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2013 - 2026)
ELM vs FMAT dividend yield comparison.
| Year | ELM | FMAT |
|---|---|---|
| 2026 | 0.00% | 0.67% |
| 2025 | 2.71% | 1.64% |
| 2024 | 0.00% | 1.68% |
| 2023 | 0.00% | 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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