FMAT vs FTCA

Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and Franklin California Municipal Income ETF (FTCA, ETF).

FMAT vs FTCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMAT(ETF)	FTCA(ETF)
Net Assets	$624M	$622M
Expense Ratio	0.08%	0.35%
Max Drawdown	43.86%	3.21%
Sharpe Ratio	0.55	-0.17
5Y Beta	0.87	0.09
P/E Ratio	31.66	N/A
Forward P/E	17.30	N/A
5Y Dividends CAGR	4.94%	N/A
5Y EPS CAGR	17.94%	N/A
Debt to Equity	51.31%	N/A
P/S Ratio	2.03	N/A
P/B Ratio	2.97	N/A

Net Assets

Winner

FMAT

$624M

FTCA

$622M

Expense Ratio

Winner

FMAT

0.08%

FTCA

0.35%

Max Drawdown

FMAT

43.86%

Winner

FTCA

3.21%

Sharpe Ratio

Winner

FMAT

0.55

FTCA

-0.17

5Y Beta

FMAT

0.87

Winner

FTCA

0.09

P/E Ratio

FMAT

31.66

FTCA

N/A

Forward P/E

FMAT

17.30

FTCA

N/A

5Y Dividends CAGR

FMAT

4.94%

FTCA

N/A

5Y EPS CAGR

FMAT

17.94%

FTCA

N/A

Debt to Equity

FMAT

51.31%

FTCA

N/A

P/S Ratio

FMAT

2.03

FTCA

N/A

P/B Ratio

FMAT

2.97

FTCA

N/A

FMAT vs FTCA - Historical Returns

Returns include dividend reinvestment.

Period	FMAT	FTCA
1 month	-4.48%	-0.48%
3 months	-4.56%	+0.59%
6 months	-1.52%	+1.75%
1 year	+12.49%	N/A
5 years(CAGR)	+6.50%	N/A
10 years(CAGR)	+9.50%	N/A
Max(CAGR)	+8.56%	+3.16%

FMAT

-4.48%

Winner

FTCA

-0.48%

FMAT

-4.56%

Winner

FTCA

+0.59%

FMAT

-1.52%

Winner

FTCA

+1.75%

FMAT

+12.49%

FTCA

N/A

5Y(CAGR)

FMAT

+6.50%

FTCA

N/A

10Y(CAGR)

FMAT

+9.50%

FTCA

N/A

Max(CAGR)

Winner

FMAT

+8.56%

FTCA

+3.16%

FMAT vs FTCA - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FMAT	FTCA
2026	+6.36%	+1.96%
2025	+13.29%	+0.06%
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 FTCA Drawdown Comparison

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

The maximum drawdown for FTCA was -2.91%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.

The current FMAT drawdown is -8.19%. The current FTCA drawdown is -1.08%.

Rank	FMAT	FTCA
#1	-41.08% Jan 26, 2018 - Sep 1, 2020	-2.91% Feb 27, 2026 - Jun 2, 2026
#2	-27.23% Feb 24, 2015 - Nov 15, 2016	-1.10% Nov 11, 2025 - Jan 2, 2026
#3	-25.40% Apr 20, 2022 - Feb 29, 2024	-1.08% Jul 2, 2026 - Jul 21, 2026
#4	-23.17% Oct 18, 2024 - Dec 26, 2025	-0.65% Oct 27, 2025 - Nov 11, 2025
#5	-13.47% Feb 27, 2026 - Mar 20, 2026	-0.54% Jan 13, 2026 - Feb 4, 2026
#6	-12.14% Sep 5, 2014 - Feb 12, 2015	-0.27% Jun 25, 2026 - Jul 2, 2026
#7	-10.68% Jan 4, 2022 - Mar 25, 2022	-0.14% Jun 3, 2026 - Jun 16, 2026
#8	-10.63% May 17, 2021 - Nov 8, 2021	-0.14% Jun 16, 2026 - Jun 18, 2026
#9	-9.11% Jan 12, 2021 - Mar 10, 2021	-0.13% Feb 12, 2026 - Feb 17, 2026
#10	-7.81% Sep 17, 2020 - Oct 9, 2020	-0.07% Feb 6, 2026 - Feb 10, 2026
#11	-7.72% Nov 12, 2021 - Dec 29, 2021	-0.07% Jun 18, 2026 - Jun 24, 2026
#12	-6.81% Apr 9, 2024 - Jul 31, 2024	N/A
#13	-6.69% Dec 31, 2013 - Feb 14, 2014	N/A
#14	-6.65% Oct 12, 2020 - Nov 3, 2020	N/A
#15	-6.57% Jul 31, 2024 - Aug 26, 2024	N/A

Correlation

Correlation between FMAT and FTCA is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (2013 - 2026)

FMAT vs FTCA dividend yield comparison.

Year	FMAT	FTCA
2026	0.72%	1.95%
2025	1.64%	0.74%
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%