FMAT vs TWN

Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and Taiwan Fund Inc (TWN, ETF).

5-Year PerformanceTWN has outperformed FMAT, delivering a return of +32.6% compared to +5.3%

FMAT vs TWN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMAT(ETF)	TWN(ETF)
Net Assets	$603M	$603M
Expense Ratio	0.08%	N/A
Max Drawdown	43.86%	71.62%
Sharpe Ratio	0.86	3.54
5Y Beta	0.86	0.87
P/E Ratio	32.30	N/A
Forward P/E	17.99	N/A
5Y Dividends CAGR	4.45%	13.36%
5Y EPS CAGR	19.31%	N/A
Debt to Equity	50.45%	N/A
P/S Ratio	2.11	N/A
P/B Ratio	3.09	N/A

Net Assets

Winner

FMAT

$603M

TWN

$603M

Expense Ratio

FMAT

0.08%

TWN

N/A

Max Drawdown

Winner

FMAT

43.86%

TWN

71.62%

Sharpe Ratio

FMAT

0.86

Winner

TWN

3.54

5Y Beta

Winner

FMAT

0.86

TWN

0.87

P/E Ratio

FMAT

32.30

TWN

N/A

Forward P/E

FMAT

17.99

TWN

N/A

5Y Dividends CAGR

FMAT

4.45%

Winner

TWN

13.36%

5Y EPS CAGR

FMAT

19.31%

TWN

N/A

Debt to Equity

FMAT

50.45%

TWN

N/A

P/S Ratio

FMAT

2.11

TWN

N/A

P/B Ratio

FMAT

3.09

TWN

N/A

FMAT vs TWN - Historical Returns

Returns include dividend reinvestment.

Period	FMAT	TWN
1 month	-1.80%	-4.60%
3 months	-1.13%	+51.83%
6 months	+13.82%	+83.52%
1 year	+19.36%	+164.04%
5 years(CAGR)	+5.25%	+32.60%
10 years(CAGR)	+9.96%	+28.85%
Max(CAGR)	+8.82%	+10.99%

Winner

FMAT

-1.80%

TWN

-4.60%

FMAT

-1.13%

Winner

TWN

+51.83%

FMAT

+13.82%

Winner

TWN

+83.52%

FMAT

+19.36%

Winner

TWN

+164.04%

5Y(CAGR)

FMAT

+5.25%

Winner

TWN

+32.60%

10Y(CAGR)

FMAT

+9.96%

Winner

TWN

+28.85%

Max(CAGR)

FMAT

+8.82%

Winner

TWN

+10.99%

FMAT vs TWN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FMAT	TWN
2026	+8.38%	+68.84%
2025	+13.29%	+54.22%
2024	+0.84%	+35.45%
2023	+13.85%	+51.64%
2022	-10.66%	-40.37%
2021	+28.83%	+55.56%
2020	+20.79%	+36.34%
2019	+22.83%	+48.10%
2018	-18.83%	-19.52%
2017	+22.61%	+32.76%
2016	+23.44%	+11.50%
2015	-10.02%	-8.90%
2014	+6.47%	-0.30%
2013	+5.12%	+16.46%
2012	N/A	+12.23%
2011	N/A	-23.34%
2010	N/A	+31.46%
2009	N/A	+52.57%
2008	N/A	-45.73%
2007	N/A	+12.03%
2006	N/A	+19.43%
2005	N/A	+14.40%
2004	N/A	+7.28%
2003	N/A	+30.77%
2002	N/A	-26.97%
2001	N/A	+10.64%
2000	N/A	-49.79%
1999	N/A	+13.98%

FMAT vs TWN Drawdown Comparison

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

The maximum drawdown for TWN was -71.07%, occurring on Sep 20, 2001. Recovery took 2057 trading sessions.

The current FMAT drawdown is -6.44%. The current TWN drawdown is -9.29%.

Rank	FMAT	TWN
#1	-41.08% Jan 26, 2018 - Sep 1, 2020	-71.07% Feb 8, 2000 - Apr 16, 2008
#2	-27.23% Feb 24, 2015 - Nov 15, 2016	-64.47% Apr 16, 2008 - May 8, 2014
#3	-25.40% Apr 20, 2022 - Feb 29, 2024	-51.72% Jan 3, 2022 - Feb 12, 2024
#4	-23.17% Oct 18, 2024 - Dec 26, 2025	-36.26% Jan 17, 2020 - Jul 2, 2020
#5	-13.47% Feb 27, 2026 - Mar 20, 2026	-29.83% Jan 6, 2025 - Jun 9, 2025
#6	-12.14% Sep 5, 2014 - Feb 12, 2015	-27.91% Jan 25, 2018 - Oct 17, 2019
#7	-10.68% Jan 4, 2022 - Mar 25, 2022	-27.43% May 11, 2015 - Mar 29, 2017
#8	-10.63% May 17, 2021 - Nov 8, 2021	-17.72% Jul 10, 2024 - Oct 22, 2024
#9	-9.11% Jan 12, 2021 - Mar 10, 2021	-15.08% Jul 3, 2014 - May 11, 2015
#10	-7.81% Sep 17, 2020 - Oct 9, 2020	-13.79% May 7, 2021 - Jun 1, 2021
#11	-7.72% Nov 12, 2021 - Dec 29, 2021	-12.57% Jul 14, 2021 - Nov 9, 2021
#12	-6.81% Apr 9, 2024 - Jul 31, 2024	-9.61% Mar 7, 2024 - Jun 12, 2024
#13	-6.69% Dec 31, 2013 - Feb 14, 2014	-9.29% Jun 1, 2026 - Jun 5, 2026
#14	-6.65% Oct 12, 2020 - Nov 3, 2020	-9.09% Oct 29, 2025 - Dec 9, 2025
#15	-6.57% Jul 31, 2024 - Aug 26, 2024	-9.07% May 6, 2026 - May 26, 2026

Correlation

Correlation between FMAT and TWN is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2000 - 2026)

FMAT vs TWN dividend yield comparison.

Year	FMAT	TWN
2026	0.34%	0.00%
2025	1.64%	11.62%
2024	1.68%	19.14%
2023	1.71%	1.26%
2022	2.00%	0.00%
2021	1.44%	7.78%
2020	1.73%	12.91%
2019	1.89%	8.26%
2018	2.18%	11.27%
2017	1.53%	3.16%
2016	1.78%	0.00%
2015	2.16%	0.00%
2014	1.65%	16.11%
2013	0.39%	0.00%
2011	0.00%	3.87%
2010	0.00%	0.42%
2009	0.00%	0.49%
2008	0.00%	1.86%
2007	0.00%	18.04%
2005	0.00%	0.35%
2004	0.00%	0.23%
2000	0.00%	1.96%