FMAT vs VSDM

Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF ETF SHARES (VSDM, ETF).

FMAT vs VSDM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMAT(ETF)	VSDM(ETF)
Net Assets	$603M	$603M
Expense Ratio	0.08%	0.12%
Max Drawdown	43.86%	1.94%
Sharpe Ratio	0.86	0.85
5Y Beta	0.86	0.01
P/E Ratio	32.30	N/A
Forward P/E	17.99	N/A
5Y Dividends CAGR	4.45%	N/A
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

VSDM

$603M

Expense Ratio

Winner

FMAT

0.08%

VSDM

0.12%

Max Drawdown

FMAT

43.86%

Winner

VSDM

1.94%

Sharpe Ratio

Winner

FMAT

0.86

VSDM

0.85

5Y Beta

FMAT

0.86

Winner

VSDM

0.01

P/E Ratio

FMAT

32.30

VSDM

N/A

Forward P/E

FMAT

17.99

VSDM

N/A

5Y Dividends CAGR

FMAT

4.45%

VSDM

N/A

5Y EPS CAGR

FMAT

19.31%

VSDM

N/A

Debt to Equity

FMAT

50.45%

VSDM

N/A

P/S Ratio

FMAT

2.11

VSDM

N/A

P/B Ratio

FMAT

3.09

VSDM

N/A

FMAT vs VSDM - Historical Returns

Returns include dividend reinvestment.

Period	FMAT	VSDM
1 month	-1.80%	+0.46%
3 months	-1.13%	+0.10%
6 months	+13.82%	+1.63%
1 year	+19.36%	+4.85%
5 years(CAGR)	+5.25%	N/A
10 years(CAGR)	+9.96%	N/A
Max(CAGR)	+8.82%	+4.22%

FMAT

-1.80%

Winner

VSDM

+0.46%

FMAT

-1.13%

Winner

VSDM

+0.10%

Winner

FMAT

+13.82%

VSDM

+1.63%

Winner

FMAT

+19.36%

VSDM

+4.85%

5Y(CAGR)

FMAT

+5.25%

VSDM

N/A

10Y(CAGR)

FMAT

+9.96%

VSDM

N/A

Max(CAGR)

Winner

FMAT

+8.82%

VSDM

+4.22%

FMAT vs VSDM - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FMAT	VSDM
2026	+8.38%	+1.26%
2025	+13.29%	+5.39%
2024	+0.84%	-0.15%
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 VSDM Drawdown Comparison

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

The maximum drawdown for VSDM was -1.81%, occurring on Apr 11, 2025. Recovery took 47 trading sessions.

The current FMAT drawdown is -6.44%. The current VSDM drawdown is -0.30%.

Rank	FMAT	VSDM
#1	-41.08% Jan 26, 2018 - Sep 1, 2020	-1.81% Apr 4, 2025 - Jun 12, 2025
#2	-27.23% Feb 24, 2015 - Nov 15, 2016	-1.46% Feb 27, 2026 - Mar 24, 2026
#3	-25.40% Apr 20, 2022 - Feb 29, 2024	-0.95% Dec 6, 2024 - Feb 3, 2025
#4	-23.17% Oct 18, 2024 - Dec 26, 2025	-0.54% Feb 25, 2025 - Apr 3, 2025
#5	-13.47% Feb 27, 2026 - Mar 20, 2026	-0.47% Sep 16, 2025 - Oct 16, 2025
#6	-12.14% Sep 5, 2014 - Feb 12, 2015	-0.28% Feb 6, 2025 - Feb 20, 2025
#7	-10.68% Jan 4, 2022 - Mar 25, 2022	-0.20% Oct 17, 2025 - Nov 11, 2025
#8	-10.63% May 17, 2021 - Nov 8, 2021	-0.13% Dec 19, 2025 - Dec 31, 2025
#9	-9.11% Jan 12, 2021 - Mar 10, 2021	-0.11% Aug 13, 2025 - Aug 22, 2025
#10	-7.81% Sep 17, 2020 - Oct 9, 2020	-0.09% Feb 18, 2026 - Feb 23, 2026
#11	-7.72% Nov 12, 2021 - Dec 29, 2021	-0.07% Jul 29, 2025 - Aug 1, 2025
#12	-6.81% Apr 9, 2024 - Jul 31, 2024	-0.07% Jun 17, 2025 - Jun 23, 2025
#13	-6.69% Dec 31, 2013 - Feb 14, 2014	-0.07% Jul 11, 2025 - Jul 21, 2025
#14	-6.65% Oct 12, 2020 - Nov 3, 2020	-0.07% Nov 11, 2025 - Nov 25, 2025
#15	-6.57% Jul 31, 2024 - Aug 26, 2024	-0.07% Jan 15, 2026 - Jan 26, 2026

Correlation

Correlation between FMAT and VSDM is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2013 - 2026)

FMAT vs VSDM dividend yield comparison.

Year	FMAT	VSDM
2026	0.34%	1.29%
2025	1.64%	3.06%
2024	1.68%	0.35%
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%