FMAT vs ELM

Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and ELM MARKET NAVIGATOR ETF (ELM, ETF).

FMAT vs ELM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMAT(ETF)	ELM(ETF)
Net Assets	$579M	$579M
Expense Ratio	0.08%	0.24%
Max Drawdown	43.86%	9.02%
Sharpe Ratio	0.70	1.09
5Y Beta	0.86	0.46
P/E Ratio	30.31	N/A
Forward P/E	18.85	N/A
5Y Dividends CAGR	4.94%	N/A
5Y EPS CAGR	15.70%	N/A
Debt to Equity	35.35%	N/A
P/S Ratio	2.05	N/A
P/B Ratio	3.10	N/A

Net Assets

FMAT

$579M

Winner

ELM

$579M

Expense Ratio

Winner

FMAT

0.08%

ELM

0.24%

Max Drawdown

FMAT

43.86%

Winner

ELM

9.02%

Sharpe Ratio

FMAT

0.70

Winner

ELM

1.09

5Y Beta

FMAT

0.86

Winner

ELM

0.46

P/E Ratio

FMAT

30.31

ELM

N/A

Forward P/E

FMAT

18.85

ELM

N/A

5Y Dividends CAGR

FMAT

4.94%

ELM

N/A

5Y EPS CAGR

FMAT

15.70%

ELM

N/A

Debt to Equity

FMAT

35.35%

ELM

N/A

P/S Ratio

FMAT

2.05

ELM

N/A

P/B Ratio

FMAT

3.10

ELM

N/A

FMAT vs ELM - Holdings Comparison

FMAT and ELM have 1 common holdings. Overlap is -4.46%

FMAT's top 25 holdings weight is 78.71%. ELM's top 25 holdings weight is 103.98%.

Rank	FMAT	ELM
#1	LINDE PLC (LIN) - 15.76%	VANGUARD TOTAL STOCK MARKET ETF (VTI) - 19.25%
#2	NEWMONT CORP (NEM) - 6.73%	SCHWAB US TIPS ETF„¢ (SCHP) - 14.22%
#3	FREEPORT-MCMORAN INC (FCX) - 6.06%	ISHARES® 0-3 MONTH TREASURY BOND ETF (SGOV) - 10.51%
#4	SHERWIN-WILLIAMS CO (SHW) - 5.04%	VANGUARD FTSE EMERGING MARKETS ETF (VWO) - 8.44%
#5	ECOLAB INC (ECL) - 4.52%	ISHARES CORE MSCI EUROPE ETF (IEUR) - 7.06%
#6	CRH PLC (CRH) - 4.50%	ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG) - 6.04%
#7	AIR PRODUCTS AND CHEMICALS INC (APD) - 4.22%	JPMORGAN BETABUILDERS EUROPE ETF (BBEU) - 5.80%
#8	CORTEVA INC (CTVA) - 3.93%	SPDR® PORTFOLIO EMERGING MARKETS ETF (SPEM) - 5.65%
#9	NUCOR CORP (NUE) - 3.49%	ISHARES CORE MSCI PACIFIC ETF (IPAC) - 4.74%
#10	VULCAN MATERIALS CO (VMC) - 2.43%	DEPOSITS WITH BROKER FOR SHORT POSITIONS (n/a) - 4.66%
#11	MARTIN MARIETTA MATERIALS INC (MLM) - 2.22%	VANGUARD FTSE PACIFIC ETF (VPL) - 3.18%
#12	STEEL DYNAMICS INC (STLD) - 2.16%	SCHWAB US BROAD MARKET ETF„¢ (SCHB) - 2.15%
#13	PPG INDUSTRIES INC (PPG) - 1.74%	VANGUARD TOTAL BOND MARKET ETF (BND) - 2.07%
#14	AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.63%	ISHARES CORE US AGGREGATE BOND ETF (AGG) - 1.99%
#15	SMURFIT WESTROCK PLC (SW) - 1.52%	VANGUARD FTSE ALL-WLD EX-US ETF (VEU) - 1.10%
#16	DOW INC (DOW) - 1.48%	SCHWAB US REIT ETF„¢ (SCHH) - 1.09%
#17	PACKAGING CORP OF AMERICA (PKG) - 1.37%	ISHARES IBOXX $ INVMT GRADE CORP BD ETF (LQD) - 0.97%
#18	AMCOR PLC ORDINARY SHARES (AMCR) - 1.35%	SCHWAB INTERNATIONAL SMALL-CAP EQ ETF„¢ (SCHC) - 0.94%
#19	RELIANCE INC (RS) - 1.32%	ISHARES MSCI EAFE SMALL-CAP ETF (SCZ) - 0.81%
#20	DUPONT DE NEMOURS INC (DD) - 1.28%	VANGUARD VALUE ETF (VTV) - 0.78%
#21	INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.28%	JPMORGAN BETABUILDERS CANADA ETF (BBCA) - 0.73%
#22	CF INDUSTRIES HOLDINGS INC (CF) - 1.27%	ISHARES CORE S&P TOTAL US STOCK MKT ETF (ITOT) - 0.72%
#23	INTERNATIONAL PAPER CO (IP) - 1.23%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.48%
#24	ROYAL GOLD INC (RGLD) - 1.11%	VANGUARD SMALL-CAP ETF (VB) - 0.38%
#25	COEUR MINING INC (CDE) - 1.07%	VANGUARD S&P 500 ETF (VOO) - 0.22%
Total Holdings	104	31

FMAT vs ELM - Historical Returns

Returns include dividend reinvestment.

Period	FMAT	ELM
1 month	+3.60%	+2.71%
3 months	+2.59%	+1.81%
6 months	-1.71%	+4.09%
1 year	+16.29%	+14.62%
5 years(CAGR)	+6.71%	N/A
10 years(CAGR)	+10.09%	N/A
Max(CAGR)	+9.07%	+13.96%

Winner

FMAT

+3.60%

ELM

+2.71%

Winner

FMAT

+2.59%

ELM

+1.81%

FMAT

-1.71%

Winner

ELM

+4.09%

Winner

FMAT

+16.29%

ELM

+14.62%

5Y(CAGR)

FMAT

+6.71%

ELM

N/A

10Y(CAGR)

FMAT

+10.09%

ELM

N/A

Max(CAGR)

FMAT

+9.07%

Winner

ELM

+13.96%

FMAT vs ELM - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FMAT	ELM
2026	+13.86%	+8.84%
2025	+13.29%	+11.89%
2024	+0.84%	N/A
2023	+13.85%	N/A
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 ELM Drawdown Comparison

The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.

The maximum drawdown for ELM was -9.02%, occurring on Apr 8, 2025. Recovery took 74 trading sessions.

The current FMAT drawdown is -1.71%. The current ELM drawdown is -0.17%.

Rank	FMAT	ELM
#1	-41.08% Jan 26, 2018 - Sep 1, 2020	-9.02% Feb 18, 2025 - Jun 4, 2025
#2	-27.23% Feb 24, 2015 - Nov 15, 2016	-7.52% Feb 25, 2026 - May 6, 2026
#3	-25.40% Apr 20, 2022 - Feb 29, 2024	-3.77% Oct 27, 2025 - Dec 24, 2025
#4	-23.17% Oct 18, 2024 - Dec 26, 2025	-2.92% Jun 2, 2026 - Aug 4, 2026
#5	-13.47% Feb 27, 2026 - Mar 20, 2026	-2.42% Oct 6, 2025 - Oct 20, 2025
#6	-12.14% Sep 5, 2014 - Feb 12, 2015	-2.13% Jul 23, 2025 - Aug 12, 2025
#7	-10.68% Jan 4, 2022 - Mar 25, 2022	-1.68% May 11, 2026 - May 26, 2026
#8	-10.63% May 17, 2021 - Nov 8, 2021	-1.54% Jan 27, 2026 - Feb 9, 2026
#9	-9.11% Jan 12, 2021 - Mar 10, 2021	-1.34% Jun 12, 2025 - Jun 24, 2025
#10	-7.81% Sep 17, 2020 - Oct 9, 2020	-1.19% Jan 12, 2026 - Jan 22, 2026
#11	-7.72% Nov 12, 2021 - Dec 29, 2021	-0.99% Aug 22, 2025 - Sep 5, 2025
#12	-6.81% Apr 9, 2024 - Jul 31, 2024	-0.80% Jul 17, 2025 - Jul 22, 2025
#13	-6.69% Dec 31, 2013 - Feb 14, 2014	-0.79% Sep 23, 2025 - Sep 30, 2025
#14	-6.65% Oct 12, 2020 - Nov 3, 2020	-0.70% Aug 13, 2026 - Aug 19, 2026
#15	-6.57% Jul 31, 2024 - Aug 26, 2024	-0.65% Aug 13, 2025 - Aug 22, 2025

Correlation

Correlation between FMAT and ELM is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2013 - 2026)

FMAT vs ELM dividend yield comparison.

Year	FMAT	ELM
2026	0.67%	0.00%
2025	1.64%	2.71%
2024	1.68%	0.00%
2023	1.71%	0.00%
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%