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FMAT vs SPY

Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FMAT, delivering a return of +13.3% compared to +5.3%

FMAT vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FMAT
$603M
Winner
SPY
$735B
Expense Ratio
Winner
FMAT
0.08%
SPY
0.09%
Max Drawdown
Winner
FMAT
43.86%
SPY
56.47%
Sharpe Ratio
FMAT
0.86
Winner
SPY
1.62
5Y Beta
Winner
FMAT
0.86
SPY
1.00
P/E Ratio
FMAT
32.30
Winner
SPY
28.99
Forward P/E
Winner
FMAT
17.99
SPY
22.37
5Y Dividends CAGR
FMAT
4.45%
Winner
SPY
5.43%
5Y EPS CAGR
FMAT
19.31%
Winner
SPY
26.05%
Debt to Equity
FMAT
50.45%
Winner
SPY
32.40%
P/S Ratio
Winner
FMAT
2.11
SPY
3.74
P/B Ratio
Winner
FMAT
3.09
SPY
5.61

FMAT vs SPY - Holdings Comparison

FMAT and SPY have 27 common holdings. Overlap is 1.85%

FMAT's top 25 holdings weight is 77.67%. SPY's top 25 holdings weight is 52.37%.

RankFMATSPY
#1
LINDE PLC (LIN) - 15.44%
NVIDIA CORP (NVDA) - 8.10%
#2
NEWMONT CORP (NEM) - 7.82%
APPLE INC (AAPL) - 7.02%
#3
FREEPORT-MCMORAN INC (FCX) - 5.93%
MICROSOFT CORP (MSFT) - 4.79%
#4
SHERWIN-WILLIAMS CO (SHW) - 4.71%
AMAZON.COM INC (AMZN) - 4.02%
#5
CRH PLC (CRH) - 4.40%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
ECOLAB INC (ECL) - 4.16%
BROADCOM INC (AVGO) - 3.10%
#7
AIR PRODUCTS AND CHEMICALS INC (APD) - 4.14%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
NUCOR CORP (NUE) - 3.53%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
CORTEVA INC (CTVA) - 3.43%
TESLA INC (TSLA) - 1.89%
#10
VULCAN MATERIALS CO (VMC) - 2.28%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
STEEL DYNAMICS INC (STLD) - 2.23%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
MARTIN MARIETTA MATERIALS INC (MLM) - 2.17%
ELI LILLY AND CO (LLY) - 1.31%
#13
AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.64%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
DOW INC (DOW) - 1.61%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
PPG INDUSTRIES INC (PPG) - 1.58%
EXXON MOBIL CORP (XOM) - 0.97%
#16
DUPONT DE NEMOURS INC (DD) - 1.33%
INTEL CORP (INTC) - 0.90%
#17
ALBEMARLE CORP (ALB) - 1.32%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
SMURFIT WESTROCK PLC (SW) - 1.31%
VISA INC CLASS A (V) - 0.85%
#19
PACKAGING CORP OF AMERICA (PKG) - 1.26%
WALMART INC (WMT) - 0.81%
#20
RELIANCE INC (RS) - 1.26%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.25%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
ALCOA CORP (AA) - 1.24%
CATERPILLAR INC (CAT) - 0.66%
#23
COEUR MINING INC (CDE) - 1.22%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
ROYAL GOLD INC (RGLD) - 1.22%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
CF INDUSTRIES HOLDINGS INC (CF) - 1.19%
ABBVIE INC (ABBV) - 0.58%
Total Holdings106505

FMAT vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
FMAT
-1.80%
Winner
SPY
+1.90%
3M
FMAT
-1.13%
Winner
SPY
+8.55%
6M
Winner
FMAT
+13.82%
SPY
+8.18%
1Y
FMAT
+19.36%
Winner
SPY
+25.79%
5Y(CAGR)
FMAT
+5.25%
Winner
SPY
+13.32%
10Y(CAGR)
FMAT
+9.96%
Winner
SPY
+15.19%
Max(CAGR)
Winner
FMAT
+8.82%
SPY
+8.47%

FMAT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFMATSPY
2026+8.38%+8.26%
2025+13.29%+18.00%
2024+0.84%+25.59%
2023+13.85%+26.72%
2022-10.66%-18.64%
2021+28.83%+30.52%
2020+20.79%+17.28%
2019+22.83%+31.09%
2018-18.83%-5.24%
2017+22.61%+20.78%
2016+23.44%+13.59%
2015-10.02%+1.31%
2014+6.47%+14.56%
2013+5.12%+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

FMAT vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FMAT drawdown is -6.44%. The current SPY drawdown is -2.90%.

RankFMATSPY
#1-41.08%
Jan 26, 2018 - Sep 1, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-27.23%
Feb 24, 2015 - Nov 15, 2016		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-25.40%
Apr 20, 2022 - Feb 29, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-23.17%
Oct 18, 2024 - Dec 26, 2025		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-13.47%
Feb 27, 2026 - Mar 20, 2026		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-12.14%
Sep 5, 2014 - Feb 12, 2015		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-10.68%
Jan 4, 2022 - Mar 25, 2022		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-10.63%
May 17, 2021 - Nov 8, 2021		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-9.11%
Jan 12, 2021 - Mar 10, 2021		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-7.81%
Sep 17, 2020 - Oct 9, 2020		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.72%
Nov 12, 2021 - Dec 29, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.81%
Apr 9, 2024 - Jul 31, 2024		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.69%
Dec 31, 2013 - Feb 14, 2014		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.65%
Oct 12, 2020 - Nov 3, 2020		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-6.57%
Jul 31, 2024 - Aug 26, 2024		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FMAT and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97
-101

Dividend Comparison (1999 - 2026)

FMAT vs SPY dividend yield comparison.

YearFMATSPY
20260.34%0.24%
20251.64%1.07%
20241.68%1.21%
20231.71%1.40%
20222.00%1.65%
20211.44%1.20%
20201.73%1.52%
20191.89%1.75%
20182.18%2.04%
20171.53%1.80%
20161.78%2.03%
20152.16%2.06%
20141.65%1.87%
20130.39%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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