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FMATvsFXZETF Comparison

ETF 1

FMAT

Fidelity MSCI Materials Index ETF

This fund is part of

US Materials

+0.71%

Full FMAT fund page

VS

ETF 2

FXZ

First Trust Materials AlphaDEX Fund ETF

This fund is part of

US Materials

+0.71%

Full FXZ fund page

Fidelity MSCI Materials Index ETF (FMAT) and First Trust Materials AlphaDEX Fund ETF (FXZ) belong to the same industry segment: US Materials. FMAT's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, FXZ's top sector exposures are Non-Energy Materials and Industrials. FMAT is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.64% for FXZ. FMAT is up 11.54% year-to-date (YTD) with +$101M in YTD flows. FXZ performs better with 18.58% YTD performance, and +$117M in YTD flows. Run a side-by-side ETF comparison of FMAT and FXZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FMAT vs FXZ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMAT FXZ	+4.36%-2.11%	+1.26%+0.05%	+11.54%+18.58%	+17.00%+24.99%	+45.29%+33.34%	+34.54%+37.68%
Flows	FMAT FXZ	-$3M+$23M	+$12M-$55K	+$101M+$117M	+$124M+$105M	+$41M-$159M	+$37M-$3M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMAT FXZ	+16.99%+22.31%	+19.04%+23.04%	+18.09%+22.29%	+19.83%+24.26%
Max drawdown	FMAT FXZ	-9.33%-14.79%	-13.46%-14.79%	-23.21%-33.94%	-25.40%-33.94%
Max drawdown duration	FMAT FXZ	65d63d	242d63d	430d639d	679d639d

Trading data

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	FMAT	FXZ
Last sale 10/30/2026 at 1:30 PM	$58.43	$74.06
Previous close 10/29/2026	$58.58	$76.08
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	FMAT	FXZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 1:30 PM

Live

Closed

	FMAT	FXZ
Last price	$58.43	$74.06
1D performance	-0.26%	-2.66%
AuM	$603.65 M	$365.52 M
E/R	0.084%	0.64%

Characteristics

	FMAT	FXZ
Management strategy	Passive	Passive
Provider	Fidelity	First Trust
Benchmark	MSCI USA IMI Materials 25/50	StrataQuant Materials Index
N° of holdings	102	39
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2013	May 8, 2007
ESG	No	No

More FMAT data on Trackinsight

More FXZ data on Trackinsight

Exposure

Countries

FMAT

USA

79.94%

United Kingdom

15.73%

Other

4.33%

FXZ

USA

96.47%

Other

3.53%

Sectors

FMAT

Non-Energy Materi.

99.45%

Other

0.55%

FXZ

Non-Energy Materi.

95.17%

Other

4.83%

Diversification

FMAT

Total weight of top 15 holdings out of 15

66.58%

FXZ

Total weight of top 15 holdings out of 15

60.52%

Top 15 holdings

Data as of September 30, 2026

FMAT

Linde Plc

14.71%

Newmont Corp.

8.69%

Freeport-McMoRan, Inc.

7.04%

The Sherwin-Williams Co.

5.08%

Ecolab, Inc.

4.79%

Air Products & Chemicals, Inc.

4.14%

CRH Plc

3.84%

Nucor Corp.

3.71%

Corteva, Inc.

3.56%

Steel Dynamics, Inc.

2.17%

Vulcan Materials Co.

2.15%

Martin Marietta Materials, Inc.

1.97%

Smurfit WestRock Plc

1.65%

PPG Industries, Inc.

1.62%

Royal Gold, Inc.

1.45%

FXZ

Newmont Corp.

5.92%

Anglogold Ashanti Plc

5.64%

Coeur Mining, Inc.

5.18%

CF Industries Holdings, Inc.

5.10%

Steel Dynamics, Inc.

4.75%

Alcoa Corp.

3.89%

Almonty Industries, Inc.

3.84%

Nucor Corp.

3.57%

International Flavors & Fragrances, Inc.

3.54%

The Mosaic Co.

3.43%

Mueller Industries, Inc.

3.37%

Eastman Chemical Co.

3.23%

Aura Minerals, Inc.

3.17%

NewMarket Corp.

2.95%

Royal Gold, Inc.

2.94%

Frequently asked questions about FMAT and FXZ

How have the FMAT and FXZ ETFs performed in 2026?

As of October 29, 2026, FMAT is up 11.54% year-to-date (YTD), while FXZ has returned 18.58%. That puts FXZ better performer ahead so far this year.

Which ETF is attracting more investor money: FMAT or FXZ?

Year-to-date, the FMAT ETF saw +$101M in flows, compared to +$117M for FXZ.

Which ETF is more volatile: FMAT or FXZ?

Over the past year, FMAT had a volatility of 19.04%, while FXZ experienced 23.04%.

Which ETF is bigger: FMAT or FXZ?

As of October 29, 2026, FMAT holds $603.65 M in assets under management (AUM), while FXZ manages $365.52 M.

What sectors do the FMAT and FXZ ETFs invest in?

FMAT leans toward sectors like Non-Energy Materials. Meanwhile, FXZ focuses on Non-Energy Materials.

What are the top holdings of the FMAT ETF and FXZ ETF?

FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. FXZ holds in its top three: Newmont Corp., Anglogold Ashanti Plc and Coeur Mining, Inc..

FMATvsFXZETF Comparison

Fidelity MSCI Materials Index ETF

First Trust Materials AlphaDEX Fund ETF

FMAT vs FXZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FMAT and FXZ ETFs performed in 2026?

As of October 29, 2026, FMAT is up 11.54% year-to-date (YTD), while FXZ has returned 18.58%. That puts FXZ better performer ahead so far this year.

Which ETF is attracting more investor money: FMAT or FXZ?

Year-to-date, the FMAT ETF saw +$101M in flows, compared to +$117M for FXZ.

Which ETF is more volatile: FMAT or FXZ?

Over the past year, FMAT had a volatility of 19.04%, while FXZ experienced 23.04%.

Which ETF is bigger: FMAT or FXZ?

As of October 29, 2026, FMAT holds $603.65 M in assets under management (AUM), while FXZ manages $365.52 M.

What sectors do the FMAT and FXZ ETFs invest in?

FMAT leans toward sectors like Non-Energy Materials. Meanwhile, FXZ focuses on Non-Energy Materials.

What are the top holdings of the FMAT ETF and FXZ ETF?

FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. FXZ holds in its top three: Newmont Corp., Anglogold Ashanti Plc and Coeur Mining, Inc..

Which ETF is more diversified: FMAT or FXZ?

FMAT holds 103 securities with 66.58% of its assets in the top 15. FXZ has 39 securities and a top 15 weight of 60.52%.

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