FMAT vs RAA
Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and SMI 3FOURTEEN REAL ASSET ALLOCATION ETF (RAA, ETF).
FMAT vs RAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMAT
$603M
Winner
RAA
$605M
Expense Ratio
Winner
FMAT
0.08%
RAA
0.90%
Max Drawdown
FMAT
43.86%
Winner
RAA
11.80%
Sharpe Ratio
FMAT
0.86
Winner
RAA
1.62
5Y Beta
FMAT
0.86
Winner
RAA
0.65
P/E Ratio
FMAT
32.30
RAA
N/A
Forward P/E
FMAT
17.99
RAA
N/A
5Y Dividends CAGR
FMAT
4.45%
RAA
N/A
5Y EPS CAGR
FMAT
19.31%
RAA
N/A
Debt to Equity
FMAT
50.45%
RAA
N/A
P/S Ratio
FMAT
2.11
RAA
N/A
P/B Ratio
FMAT
3.09
RAA
N/A
FMAT vs RAA - Historical Returns
Returns include dividend reinvestment.
1M
FMAT
-1.80%
Winner
RAA
+0.06%
3M
FMAT
-1.13%
Winner
RAA
+4.73%
6M
Winner
FMAT
+13.82%
RAA
+8.02%
1Y
FMAT
+19.36%
Winner
RAA
+21.49%
5Y(CAGR)
FMAT
+5.25%
RAA
N/A
10Y(CAGR)
FMAT
+9.96%
RAA
N/A
Max(CAGR)
FMAT
+8.82%
Winner
RAA
+16.29%
FMAT vs RAA - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | FMAT | RAA |
|---|---|---|
| 2026 | +8.38% | +7.87% |
| 2025 | +13.29% | +12.12% |
| 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 RAA Drawdown Comparison
The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.
The maximum drawdown for RAA was -11.80%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.
The current FMAT drawdown is -6.44%. The current RAA drawdown is -3.10%.
| Rank | FMAT | RAA |
|---|---|---|
| #1 | -41.08% Jan 26, 2018 - Sep 1, 2020 | -11.80% Feb 26, 2025 - Jun 4, 2025 |
| #2 | -27.23% Feb 24, 2015 - Nov 15, 2016 | -5.91% Feb 25, 2026 - Apr 15, 2026 |
| #3 | -25.40% Apr 20, 2022 - Feb 29, 2024 | -3.99% Oct 28, 2025 - Dec 10, 2025 |
| #4 | -23.17% Oct 18, 2024 - Dec 26, 2025 | -3.71% Jan 28, 2026 - Feb 25, 2026 |
| #5 | -13.47% Feb 27, 2026 - Mar 20, 2026 | -3.10% Jun 2, 2026 - Jun 5, 2026 |
| #6 | -12.14% Sep 5, 2014 - Feb 12, 2015 | -2.31% Oct 8, 2025 - Oct 20, 2025 |
| #7 | -10.68% Jan 4, 2022 - Mar 25, 2022 | -2.18% May 14, 2026 - May 28, 2026 |
| #8 | -10.63% May 17, 2021 - Nov 8, 2021 | -1.82% Dec 11, 2025 - Dec 23, 2025 |
| #9 | -9.11% Jan 12, 2021 - Mar 10, 2021 | -1.71% Aug 13, 2025 - Sep 5, 2025 |
| #10 | -7.81% Sep 17, 2020 - Oct 9, 2020 | -1.46% Jul 29, 2025 - Aug 7, 2025 |
| #11 | -7.72% Nov 12, 2021 - Dec 29, 2021 | -1.29% Oct 20, 2025 - Oct 27, 2025 |
| #12 | -6.81% Apr 9, 2024 - Jul 31, 2024 | -1.21% Jan 12, 2026 - Jan 22, 2026 |
| #13 | -6.69% Dec 31, 2013 - Feb 14, 2014 | -1.02% Dec 26, 2025 - Jan 5, 2026 |
| #14 | -6.65% Oct 12, 2020 - Nov 3, 2020 | -0.82% Sep 22, 2025 - Sep 30, 2025 |
| #15 | -6.57% Jul 31, 2024 - Aug 26, 2024 | -0.63% Apr 17, 2026 - Apr 22, 2026 |
Correlation
Correlation between FMAT and RAA is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (2013 - 2026)
FMAT vs RAA dividend yield comparison.
| Year | FMAT | RAA |
|---|---|---|
| 2026 | 0.34% | 0.18% |
| 2025 | 1.64% | 2.14% |
| 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% |
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