RAA vs FMAT

Comparison between SMI 3FOURTEEN REAL ASSET ALLOCATION ETF (RAA, ETF) and FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF).

RAA vs FMAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RAA(ETF)	FMAT(ETF)
Net Assets	$605M	$603M
Expense Ratio	0.90%	0.08%
Max Drawdown	11.80%	43.86%
Sharpe Ratio	1.62	0.86
5Y Beta	0.65	0.86
P/E Ratio	N/A	32.30
Forward P/E	N/A	17.99
5Y Dividends CAGR	N/A	4.45%
5Y EPS CAGR	N/A	19.31%
Debt to Equity	N/A	50.45%
P/S Ratio	N/A	2.11
P/B Ratio	N/A	3.09

Net Assets

Winner

RAA

$605M

FMAT

$603M

Expense Ratio

RAA

0.90%

Winner

FMAT

0.08%

Max Drawdown

Winner

RAA

11.80%

FMAT

43.86%

Sharpe Ratio

Winner

RAA

1.62

FMAT

0.86

5Y Beta

Winner

RAA

0.65

FMAT

0.86

P/E Ratio

RAA

N/A

FMAT

32.30

Forward P/E

RAA

N/A

FMAT

17.99

5Y Dividends CAGR

RAA

N/A

FMAT

4.45%

5Y EPS CAGR

RAA

N/A

FMAT

19.31%

Debt to Equity

RAA

N/A

FMAT

50.45%

P/S Ratio

RAA

N/A

FMAT

2.11

P/B Ratio

RAA

N/A

FMAT

3.09

RAA vs FMAT - Historical Returns

Returns include dividend reinvestment.

Period	RAA	FMAT
1 month	+0.06%	-1.80%
3 months	+4.73%	-1.13%
6 months	+8.02%	+13.82%
1 year	+21.49%	+19.36%
5 years(CAGR)	N/A	+5.25%
10 years(CAGR)	N/A	+9.96%
Max(CAGR)	+16.29%	+8.82%

Winner

RAA

+0.06%

FMAT

-1.80%

Winner

RAA

+4.73%

FMAT

-1.13%

RAA

+8.02%

Winner

FMAT

+13.82%

Winner

RAA

+21.49%

FMAT

+19.36%

5Y(CAGR)

RAA

N/A

FMAT

+5.25%

10Y(CAGR)

RAA

N/A

FMAT

+9.96%

Max(CAGR)

Winner

RAA

+16.29%

FMAT

+8.82%

RAA vs FMAT - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	RAA	FMAT
2026	+7.87%	+8.38%
2025	+12.12%	+13.29%
2024	N/A	+0.84%
2023	N/A	+13.85%
2022	N/A	-10.66%
2021	N/A	+28.83%
2020	N/A	+20.79%
2019	N/A	+22.83%
2018	N/A	-18.83%
2017	N/A	+22.61%
2016	N/A	+23.44%
2015	N/A	-10.02%
2014	N/A	+6.47%
2013	N/A	+5.12%

RAA vs FMAT Drawdown Comparison

The maximum drawdown for RAA was -11.80%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.

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

The current RAA drawdown is -3.10%. The current FMAT drawdown is -6.44%.

Rank	RAA	FMAT
#1	-11.80% Feb 26, 2025 - Jun 4, 2025	-41.08% Jan 26, 2018 - Sep 1, 2020
#2	-5.91% Feb 25, 2026 - Apr 15, 2026	-27.23% Feb 24, 2015 - Nov 15, 2016
#3	-3.99% Oct 28, 2025 - Dec 10, 2025	-25.40% Apr 20, 2022 - Feb 29, 2024
#4	-3.71% Jan 28, 2026 - Feb 25, 2026	-23.17% Oct 18, 2024 - Dec 26, 2025
#5	-3.10% Jun 2, 2026 - Jun 5, 2026	-13.47% Feb 27, 2026 - Mar 20, 2026
#6	-2.31% Oct 8, 2025 - Oct 20, 2025	-12.14% Sep 5, 2014 - Feb 12, 2015
#7	-2.18% May 14, 2026 - May 28, 2026	-10.68% Jan 4, 2022 - Mar 25, 2022
#8	-1.82% Dec 11, 2025 - Dec 23, 2025	-10.63% May 17, 2021 - Nov 8, 2021
#9	-1.71% Aug 13, 2025 - Sep 5, 2025	-9.11% Jan 12, 2021 - Mar 10, 2021
#10	-1.46% Jul 29, 2025 - Aug 7, 2025	-7.81% Sep 17, 2020 - Oct 9, 2020
#11	-1.29% Oct 20, 2025 - Oct 27, 2025	-7.72% Nov 12, 2021 - Dec 29, 2021
#12	-1.21% Jan 12, 2026 - Jan 22, 2026	-6.81% Apr 9, 2024 - Jul 31, 2024
#13	-1.02% Dec 26, 2025 - Jan 5, 2026	-6.69% Dec 31, 2013 - Feb 14, 2014
#14	-0.82% Sep 22, 2025 - Sep 30, 2025	-6.65% Oct 12, 2020 - Nov 3, 2020
#15	-0.63% Apr 17, 2026 - Apr 22, 2026	-6.57% Jul 31, 2024 - Aug 26, 2024

Correlation

Correlation between RAA and FMAT is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2013 - 2026)

RAA vs FMAT dividend yield comparison.

Year	RAA	FMAT
2026	0.18%	0.34%
2025	2.14%	1.64%
2024	0.00%	1.68%
2023	0.00%	1.71%
2022	0.00%	2.00%
2021	0.00%	1.44%
2020	0.00%	1.73%
2019	0.00%	1.89%
2018	0.00%	2.18%
2017	0.00%	1.53%
2016	0.00%	1.78%
2015	0.00%	2.16%
2014	0.00%	1.65%
2013	0.00%	0.39%