FMAT vs ZALT

Comparison between FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF) and Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT, ETF).

FMAT vs ZALT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMAT(ETF)	ZALT(ETF)
Net Assets	$616M	$619M
Expense Ratio	0.08%	0.69%
Max Drawdown	43.86%	8.19%
Sharpe Ratio	1.00	1.49
5Y Beta	0.87	0.37
P/E Ratio	30.88	N/A
Forward P/E	17.26	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	2.08	N/A
P/B Ratio	2.99	N/A

Net Assets

FMAT

$616M

Winner

ZALT

$619M

Expense Ratio

Winner

FMAT

0.08%

ZALT

0.69%

Max Drawdown

FMAT

43.86%

Winner

ZALT

8.19%

Sharpe Ratio

FMAT

1.00

Winner

ZALT

1.49

5Y Beta

FMAT

0.87

Winner

ZALT

0.37

P/E Ratio

FMAT

30.88

ZALT

N/A

Forward P/E

FMAT

17.26

ZALT

N/A

5Y Dividends CAGR

FMAT

4.45%

ZALT

N/A

5Y EPS CAGR

FMAT

19.31%

ZALT

N/A

Debt to Equity

FMAT

50.45%

ZALT

N/A

P/S Ratio

FMAT

2.08

ZALT

N/A

P/B Ratio

FMAT

2.99

ZALT

N/A

FMAT vs ZALT - Historical Returns

Returns include dividend reinvestment.

Period	FMAT	ZALT
1 month	+4.49%	+0.68%
3 months	+6.40%	+3.74%
6 months	+15.40%	+4.27%
1 year	+23.91%	+10.06%
5 years(CAGR)	+6.77%	N/A
10 years(CAGR)	+10.61%	N/A
Max(CAGR)	+9.15%	+10.89%

Winner

FMAT

+4.49%

ZALT

+0.68%

Winner

FMAT

+6.40%

ZALT

+3.74%

Winner

FMAT

+15.40%

ZALT

+4.27%

Winner

FMAT

+23.91%

ZALT

+10.06%

5Y(CAGR)

FMAT

+6.77%

ZALT

N/A

10Y(CAGR)

FMAT

+10.61%

ZALT

N/A

Max(CAGR)

FMAT

+9.15%

Winner

ZALT

+10.89%

FMAT vs ZALT - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FMAT	ZALT
2026	+12.90%	+3.74%
2025	+13.29%	+9.19%
2024	+0.84%	+12.17%
2023	+13.85%	+3.95%
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 ZALT Drawdown Comparison

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

The maximum drawdown for ZALT was -8.19%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.

The current FMAT drawdown is -2.54%.

Rank	FMAT	ZALT
#1	-41.08% Jan 26, 2018 - Sep 1, 2020	-8.19% Feb 20, 2025 - May 15, 2025
#2	-27.23% Feb 24, 2015 - Nov 15, 2016	-3.28% Jul 16, 2024 - Aug 16, 2024
#3	-25.40% Apr 20, 2022 - Feb 29, 2024	-2.01% Oct 16, 2023 - Nov 3, 2023
#4	-23.17% Oct 18, 2024 - Dec 26, 2025	-1.86% Mar 28, 2024 - May 9, 2024
#5	-13.47% Feb 27, 2026 - Mar 20, 2026	-1.71% Feb 25, 2026 - Apr 8, 2026
#6	-12.14% Sep 5, 2014 - Feb 12, 2015	-1.52% Nov 11, 2025 - Nov 26, 2025
#7	-10.68% Jan 4, 2022 - Mar 25, 2022	-1.45% Aug 30, 2024 - Sep 12, 2024
#8	-10.63% May 17, 2021 - Nov 8, 2021	-1.41% Dec 26, 2024 - Jan 22, 2025
#9	-9.11% Jan 12, 2021 - Mar 10, 2021	-1.30% Oct 8, 2025 - Oct 20, 2025
#10	-7.81% Sep 17, 2020 - Oct 9, 2020	-1.26% Dec 16, 2024 - Dec 26, 2024
#11	-7.72% Nov 12, 2021 - Dec 29, 2021	-1.23% Dec 11, 2025 - Dec 22, 2025
#12	-6.81% Apr 9, 2024 - Jul 31, 2024	-0.94% Dec 26, 2025 - Jan 26, 2026
#13	-6.69% Dec 31, 2013 - Feb 14, 2014	-0.85% Feb 2, 2026 - Feb 11, 2026
#14	-6.65% Oct 12, 2020 - Nov 3, 2020	-0.85% Oct 22, 2024 - Nov 6, 2024
#15	-6.57% Jul 31, 2024 - Aug 26, 2024	-0.77% Jul 29, 2025 - Aug 8, 2025