FMATvsFXZETF Comparison
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Fidelity MSCI Materials Index ETF (FMAT) and First Trust Materials AlphaDEX Fund ETF (FXZ) belong to the same industry segment: US Materials. Both ETFs have the same top 3 sector exposures: and Materials. FMAT is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.64% for FXZ. FMAT is up 11.67% year-to-date (YTD) with +$104M in YTD flows. FXZ performs better with 31.08% YTD performance, and +$141M 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
Historic performance and flows
Data as of 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT FXZ | -2.34%+3.52% | +2.26%+11.65% | +11.67%+31.08% | +20.53%+52.08% | +38.72%+44.51% | +33.10%+52.51% |
| Flows | FMAT FXZ | +$9M-$13M | +$71M+$52M | +$104M+$141M | +$109M+$108M | +$51M-$422M | -$76M-$3M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT FXZ | +22.21%+25.46% | +18.42%+22.54% | +17.89%+21.95% | +19.79%+24.47% |
| Max drawdown | FMAT FXZ | -6.81%-8.57% | -13.46%-12.79% | -23.21%-33.94% | -25.40%-33.94% |
| Max drawdown duration | FMAT FXZ | 52d18d | 102d36d | 430d639d | 679d639d |
Trading data
FMAT | FXZ | |
Last sale 6/12/2026 at 1:30 PM | $60.13 | $84.63 |
| Previous close 06/11/2026 | $59.11 | $83.26 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
FMAT | FXZ | |
|---|---|---|
| Last price | $60.13 | $84.63 |
| 1D performance | +1.73% | +1.65% |
| AuM | $611.60 M | $431.49 M |
| E/R | 0.08% | 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 | 86 | 36 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2013 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
FMAT
USA
73.29%
Ireland
21.34%
Other
5.37%
FXZ
USA
89.08%
Other
10.92%
Sectors
FMAT
Materials
78.37%
Other
21.63%
FXZ
Materials
73%
Industrials
16.79%
Other
10.21%
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Diversification
FMAT
Total weight of top 15 holdings out of 15
65.43%
FXZ
Total weight of top 15 holdings out of 15
59.22%
Top 15 holdings
Data as of April 30, 2026
FMAT
IE000S9YS762
15.07%
NEWMONT CORP
8.01%
FREEPORT-MCMORAN INC
5.50%
SHERWIN WILLIAMS
5.00%
CRH PLC
4.94%
ECOLAB
4.32%
AIR PRODUCTS AND CHEMICALS
4.25%
CORTEVA INC
3.39%
NUCOR
3.11%
VULCAN MATERIALS
2.43%
MARTIN MARIETTA
2.32%
STEEL DYNAMICS
1.97%
CH1430134226
1.83%
DOW INC
1.71%
PPG INDUSTRIES
1.56%
FXZ
STEEL DYNAMICS
5.76%
RBC BEARINGS
5.00%
NEWMARKET
4.86%
CF INDUSTRIES HOLDINGS
4.30%
EASTMAN CHEMICAL
4.29%
NUCOR
4.26%
THE MOSAIC COMPANY
4.15%
MUELLER INDUSTRIES
3.92%
RELIANCE STEEL
3.81%
CARPENTER TECHNOLOGY
3.47%
TIMKEN
3.40%
NEWMONT CORP
3.25%
ALCOA CORP
3.05%
OLIN
2.88%
IE000S9YS762
2.82%
Frequently asked questions about FMAT and FXZ
How have the FMAT and FXZ ETFs performed in 2026?
As of June 11, 2026, FMAT is up 11.67% year-to-date (YTD), while FXZ has returned 31.08%. 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 +$104M in flows, compared to +$141M for FXZ.
Which ETF is more volatile: FMAT or FXZ?
Over the past year, FMAT had a volatility of 18.42%, while FXZ experienced 22.54%.
Which ETF is bigger: FMAT or FXZ?
As of June 11, 2026, FMAT holds $611.60 M in assets under management (AUM), while FXZ manages $431.49 M.
What sectors do the FMAT and FXZ ETFs invest in?
FMAT leans toward sectors like Materials. Meanwhile, FXZ focuses on Materials and Industrials.
What are the top holdings of the FMAT ETF and FXZ ETF?
FMAT top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. FXZ holds in its top three: STEEL DYNAMICS, RBC BEARINGS and NEWMARKET.
Which ETF is more diversified: FMAT or FXZ?
FMAT holds 103 securities with 65.43% of its assets in the top 15. FXZ has 36 securities and a top 15 weight of 59.22%.
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