FMAT vs AVMV
Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and AVANTIS U.S. MID CAP VALUE ETF (AVMV, ETF).
FMAT vs AVMV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMAT
$616M
Winner
AVMV
$623M
Expense Ratio
Winner
FMAT
0.08%
AVMV
0.20%
Max Drawdown
FMAT
43.86%
Winner
AVMV
24.83%
Sharpe Ratio
FMAT
1.00
Winner
AVMV
1.59
5Y Beta
Winner
FMAT
0.87
AVMV
0.94
P/E Ratio
FMAT
30.88
Winner
AVMV
21.07
Forward P/E
FMAT
17.26
Winner
AVMV
14.18
PEG Ratio
FMAT
N/A
AVMV
0.41
5Y Dividends CAGR
FMAT
4.45%
AVMV
N/A
5Y EPS CAGR
Winner
FMAT
19.31%
AVMV
14.07%
Debt to Equity
FMAT
50.45%
AVMV
N/A
P/S Ratio
FMAT
2.08
Winner
AVMV
1.24
P/B Ratio
FMAT
2.99
Winner
AVMV
2.61
FMAT vs AVMV - Holdings Comparison
FMAT and AVMV have 18 common holdings. Overlap is 4.71%
FMAT's top 25 holdings weight is 77.67%. AVMV's top 25 holdings weight is 26.75%.
| Rank | FMAT | AVMV |
|---|---|---|
| #1 | LINDE PLC (LIN) - 15.44% | FLEX LTD (FLEX) - 1.76% |
| #2 | NEWMONT CORP (NEM) - 7.82% | DEVON ENERGY CORP (DVN) - 1.65% |
| #3 | FREEPORT-MCMORAN INC (FCX) - 5.93% | ON SEMICONDUCTOR CORP (ON) - 1.57% |
| #4 | SHERWIN-WILLIAMS CO (SHW) - 4.71% | DELTA AIR LINES INC (DAL) - 1.53% |
| #5 | CRH PLC (CRH) - 4.40% | NUCOR CORP (NUE) - 1.38% |
| #6 | ECOLAB INC (ECL) - 4.16% | n/a (ODFL) - 1.30% |
| #7 | AIR PRODUCTS AND CHEMICALS INC (APD) - 4.14% | TARGA RESOURCES CORP (TRGP) - 1.25% |
| #8 | NUCOR CORP (NUE) - 3.53% | OCCIDENTAL PETROLEUM CORP (OXY) - 1.13% |
| #9 | CORTEVA INC (CTVA) - 3.43% | UNITED AIRLINES HOLDINGS INC (UAL) - 1.08% |
| #10 | VULCAN MATERIALS CO (VMC) - 2.28% | COMFORT SYSTEMS USA INC (FIX) - 1.06% |
| #11 | STEEL DYNAMICS INC (STLD) - 2.23% | AMERIPRISE FINANCIAL INC (AMP) - 1.05% |
| #12 | MARTIN MARIETTA MATERIALS INC (MLM) - 2.17% | CARNIVAL CORPORATION LTD (CCL) - 1.03% |
| #13 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.64% | STATE STREET CORP (STT) - 1.03% |
| #14 | DOW INC (DOW) - 1.61% | JABIL INC (JBL) - 1.03% |
| #15 | PPG INDUSTRIES INC (PPG) - 1.58% | TARGET CORP (TGT) - 1.02% |
| #16 | DUPONT DE NEMOURS INC (DD) - 1.33% | D.R. HORTON INC (DHI) - 1.02% |
| #17 | ALBEMARLE CORP (ALB) - 1.32% | CENTENE CORP (CNC) - 1.01% |
| #18 | SMURFIT WESTROCK PLC (SW) - 1.31% | THE HARTFORD INSURANCE GROUP INC (HIG) - 1.01% |
| #19 | PACKAGING CORP OF AMERICA (PKG) - 1.26% | IDEXX LABORATORIES INC (IDXX) - 1.01% |
| #20 | RELIANCE INC (RS) - 1.26% | AMERICAN INTERNATIONAL GROUP INC (AIG) - 1.01% |
| #21 | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.25% | TD SYNNEX CORP (SNX) - 0.57% |
| #22 | ALCOA CORP (AA) - 1.24% | LYONDELLBASELL INDUSTRIES NV CLASS A (LYB) - 0.57% |
| #23 | COEUR MINING INC (CDE) - 1.22% | SMURFIT WESTROCK PLC (SW) - 0.56% |
| #24 | ROYAL GOLD INC (RGLD) - 1.22% | THE ESTEE LAUDER COMPANIES INC CLASS A (EL) - 0.56% |
| #25 | CF INDUSTRIES HOLDINGS INC (CF) - 1.19% | CF INDUSTRIES HOLDINGS INC (CF) - 0.56% |
| Total Holdings | 106 | 265 |
FMAT vs AVMV - Historical Returns
Returns include dividend reinvestment.
1M
FMAT
+4.49%
Winner
AVMV
+4.54%
3M
FMAT
+6.40%
Winner
AVMV
+11.33%
6M
Winner
FMAT
+15.40%
AVMV
+12.83%
1Y
FMAT
+23.91%
Winner
AVMV
+27.38%
5Y(CAGR)
FMAT
+6.77%
AVMV
N/A
10Y(CAGR)
FMAT
+10.61%
AVMV
N/A
Max(CAGR)
FMAT
+9.15%
Winner
AVMV
+23.39%
FMAT vs AVMV - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | FMAT | AVMV |
|---|---|---|
| 2026 | +12.90% | +12.43% |
| 2025 | +13.29% | +10.52% |
| 2024 | +0.84% | +18.73% |
| 2023 | +13.85% | +15.56% |
| 2022 | -10.66% | N/A |
| 2021 | +28.83% | N/A |
| 2020 | +20.79% | N/A |
| 2019 | +22.83% | N/A |
| 2018 | -18.83% | N/A |
| 2017 | +22.61% | N/A |
| 2016 | +23.44% | N/A |
| 2015 | -10.02% | N/A |
| 2014 | +6.47% | N/A |
| 2013 | +5.12% | N/A |
FMAT vs AVMV Drawdown Comparison
The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.
The maximum drawdown for AVMV was -24.24%, occurring on Apr 8, 2025. Recovery took 252 trading sessions.
The current FMAT drawdown is -2.54%. The current AVMV drawdown is -0.33%.
| Rank | FMAT | AVMV |
|---|---|---|
| #1 | -41.08% Jan 26, 2018 - Sep 1, 2020 | -24.24% Nov 25, 2024 - Nov 28, 2025 |
| #2 | -27.23% Feb 24, 2015 - Nov 15, 2016 | -8.56% Jul 16, 2024 - Sep 19, 2024 |
| #3 | -25.40% Apr 20, 2022 - Feb 29, 2024 | -7.62% Feb 20, 2026 - Apr 20, 2026 |
| #4 | -23.17% Oct 18, 2024 - Dec 26, 2025 | -7.18% Mar 28, 2024 - Jul 16, 2024 |
| #5 | -13.47% Feb 27, 2026 - Mar 20, 2026 | -4.27% Dec 26, 2023 - Feb 12, 2024 |
| #6 | -12.14% Sep 5, 2014 - Feb 12, 2015 | -2.90% Oct 16, 2024 - Nov 6, 2024 |
| #7 | -10.68% Jan 4, 2022 - Mar 25, 2022 | -2.78% May 6, 2026 - Jun 2, 2026 |
| #8 | -10.63% May 17, 2021 - Nov 8, 2021 | -2.14% Feb 12, 2024 - Feb 15, 2024 |
| #9 | -9.11% Jan 12, 2021 - Mar 10, 2021 | -2.01% Jan 15, 2026 - Jan 21, 2026 |
| #10 | -7.81% Sep 17, 2020 - Oct 9, 2020 | -1.92% Nov 11, 2024 - Nov 21, 2024 |
| #11 | -7.72% Nov 12, 2021 - Dec 29, 2021 | -1.78% Dec 11, 2025 - Jan 5, 2026 |
| #12 | -6.81% Apr 9, 2024 - Jul 31, 2024 | -1.66% Dec 19, 2023 - Dec 26, 2023 |
| #13 | -6.69% Dec 31, 2013 - Feb 14, 2014 | -1.64% Feb 11, 2026 - Feb 18, 2026 |
| #14 | -6.65% Oct 12, 2020 - Nov 3, 2020 | -1.50% Dec 4, 2023 - Dec 11, 2023 |
| #15 | -6.57% Jul 31, 2024 - Aug 26, 2024 | -1.28% Jan 21, 2026 - Feb 3, 2026 |
Correlation
Correlation between FMAT and AVMV is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2013 - 2026)
FMAT vs AVMV dividend yield comparison.
| Year | FMAT | AVMV |
|---|---|---|
| 2026 | 0.33% | 0.53% |
| 2025 | 1.64% | 1.20% |
| 2024 | 1.68% | 1.30% |
| 2023 | 1.71% | 0.25% |
| 2022 | 2.00% | 0.00% |
| 2021 | 1.44% | 0.00% |
| 2020 | 1.73% | 0.00% |
| 2019 | 1.89% | 0.00% |
| 2018 | 2.18% | 0.00% |
| 2017 | 1.53% | 0.00% |
| 2016 | 1.78% | 0.00% |
| 2015 | 2.16% | 0.00% |
| 2014 | 1.65% | 0.00% |
| 2013 | 0.39% | 0.00% |
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