FMATvsIYMETF Comparison
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Fidelity MSCI Materials Index ETF (FMAT) and iShares U.S. Basic Materials ETF (IYM) 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 0.38% for IYM. FMAT is up 13.28% year-to-date (YTD) with +$92M in YTD flows. IYM performs better with 20.24% YTD performance, and +$817M in YTD flows. Run a side-by-side ETF comparison of FMAT and IYM 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 IYM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT IYM | +9.28%+9.37% | +1.66%+5.40% | +13.28%+20.24% | +32.08%+43.06% | +38.30%+46.37% | +41.17%+51.91% |
| Flows | FMAT IYM | +$56M+$441M | +$80M+$512M | +$92M+$817M | +$95M+$912M | +$2M+$564M | +$66M+$691M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT IYM | +21.32%+23.38% | +17.21%+17.93% | +17.65%+18.03% | +19.60%+20.29% |
| Max drawdown | FMAT IYM | -13.46%-13.67% | -13.46%-13.67% | -23.21%-23.58% | -25.40%-29.91% |
| Max drawdown duration | FMAT IYM | 53d53d | 53d53d | 430d352d | 679d709d |
Trading data
FMAT | IYM | |
Last sale 4/27/2026 at 1:30 PM | $60.27 | $184.22 |
| Previous close 04/24/2026 | $60.41 | $184.45 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FMAT | IYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
FMAT | IYM | |
|---|---|---|
| Last price | $60.27 | $184.22 |
| 1D performance | -0.23% | -0.12% |
| AuM | $608.44 M | $1.65 B |
| E/R | 0.08% | 0.38% |
Characteristics
FMAT | IYM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | iShares |
| Benchmark | MSCI USA IMI Materials 25/50 | Russell 1000 Basic Materials RIC 22.5/45 Capped Gross Index |
| N° of holdings | 87 | 36 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2013 | June 12, 2000 |
| ESG | No | No |
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Exposure
Countries
FMAT
USA
72.74%
Ireland
21.62%
Other
5.63%
IYM
USA
73.53%
Ireland
20.29%
Other
6.18%
Sectors
FMAT
Materials
77.83%
Other
22.17%
IYM
Materials
65.5%
Industrials
8.86%
Other
25.64%
Diversification
FMAT
Total weight of top 15 holdings out of 15
64.84%
IYM
Total weight of top 15 holdings out of 15
77.27%
Top 15 holdings
Data as of March 31, 2026
FMAT
IE000S9YS762
15.55%
NEWMONT CORP
7.29%
FREEPORT-MCMORAN INC
5.39%
SHERWIN WILLIAMS
5.06%
CRH PLC
4.65%
ECOLAB
4.53%
AIR PRODUCTS AND CHEMICALS
4.39%
CORTEVA INC
3.76%
NUCOR
2.55%
VULCAN MATERIALS
2.37%
MARTIN MARIETTA
2.35%
DOW INC
1.89%
CH1430134226
1.85%
STEEL DYNAMICS
1.63%
PPG INDUSTRIES
1.59%
IYM
IE000S9YS762
20.29%
NEWMONT CORP
10.56%
FREEPORT-MCMORAN INC
7.60%
ECOLAB
6.10%
AIR PRODUCTS AND CHEMICALS
4.74%
FASTENAL
4.13%
GB00BRXH2664
3.80%
NUCOR
3.43%
STEEL DYNAMICS
2.74%
ROYAL GOLD
2.45%
ALBEMARLE
2.42%
LYONDELLBASELL INDUSTRIES
2.37%
CF INDUSTRIES HOLDINGS
2.31%
CARPENTER TECHNOLOGY
2.18%
INTERNATIONAL PAPER CO
2.15%
Frequently asked questions about FMAT and IYM
How have the FMAT and IYM ETFs performed in 2026?
As of April 23, 2026, FMAT is up 13.28% year-to-date (YTD), while IYM has returned 20.24%. That puts IYM better performer ahead so far this year.
Which ETF is attracting more investor money: FMAT or IYM?
Year-to-date, the FMAT ETF saw +$92M in flows, compared to +$817M for IYM.
Which ETF is more volatile: FMAT or IYM?
Over the past year, FMAT had a volatility of 17.21%, while IYM experienced 17.93%.
Which ETF is bigger: FMAT or IYM?
As of April 23, 2026, FMAT holds $608.44 M in assets under management (AUM), while IYM manages $1.65 B.
What sectors do the FMAT and IYM ETFs invest in?
FMAT leans toward sectors like Materials. Meanwhile, IYM focuses on Materials and Industrials.
What are the top holdings of the FMAT ETF and IYM ETF?
FMAT top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. IYM holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.
Which ETF is more diversified: FMAT or IYM?
FMAT holds 104 securities with 64.84% of its assets in the top 15. IYM has 39 securities and a top 15 weight of 77.27%.
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