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FMATvsIYMETF Comparison

ETF 1

FMAT

Fidelity MSCI Materials Index ETF

This fund is part of

US Materials

+0.02%

Full FMAT fund page

VS

ETF 2

IYM

iShares U.S. Basic Materials ETF

This fund is part of

US Materials

+0.02%

Full IYM fund page

Fidelity MSCI Materials Index ETF (FMAT) and iShares U.S. Basic Materials ETF (IYM) belong to the same industry segment: US Materials. FMAT's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, IYM's top sector exposures are Non-Energy Materials, Industrials and Non-Corporate. FMAT is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.37% for IYM. FMAT is up 10.81% year-to-date (YTD) with +$101M in YTD flows. IYM performs better with 21.92% YTD performance, and +$368M 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

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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 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMAT IYM	-4.07%-1.83%	-0.77%+1.28%	+10.81%+21.92%	+10.26%+25.57%	+33.54%+48.89%	+36.14%+55.46%
Flows	FMAT IYM	+$9M+$194M	-$3M-$66M	+$101M+$368M	+$124M+$450M	+$34M+$259M	+$10M-$7M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMAT IYM	+18.93%+19.02%	+19.15%+20.50%	+18.23%+18.67%	+19.90%+20.58%
Max drawdown	FMAT IYM	-6.65%-8.61%	-13.46%-13.67%	-23.21%-23.58%	-25.40%-29.91%
Max drawdown duration	FMAT IYM	52d52d	194d102d	430d352d	679d709d

Trading data

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	FMAT	IYM
Last sale 9/11/2026 at 1:30 PM	$58.46	$186.56
Previous close 09/10/2026	$58.21	$186.03
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 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

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	FMAT	IYM
Last price	$58.46	$186.56
1D performance	+0.43%	+0.28%
AuM	$601.85 M	$1.18 B
E/R	0.084%	0.37%

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	100	40
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2013	June 12, 2000
ESG	No	No

More FMAT data on Trackinsight

More IYM data on Trackinsight

Exposure

Countries

FMAT

USA

79.87%

United Kingdom

16.44%

Other

3.7%

IYM

USA

77.14%

United Kingdom

22.79%

Other

0.07%

Sectors

FMAT

Non-Energy Materi.

99.34%

Other

0.66%

IYM

Non-Energy Materi.

94.77%

Other

5.23%

Diversification

FMAT

Total weight of top 15 holdings out of 15

66.31%

IYM

Total weight of top 15 holdings out of 15

78.06%

Top 15 holdings

Data as of July 31, 2026

FMAT

Linde Plc

15.46%

Newmont Corp.

6.45%

Freeport-McMoRan, Inc.

5.78%

The Sherwin-Williams Co.

5.43%

Ecolab, Inc.

4.69%

CRH Plc

4.52%

Air Products & Chemicals, Inc.

4.04%

Corteva, Inc.

3.90%

Nucor Corp.

3.85%

Vulcan Materials Co.

2.46%

Steel Dynamics, Inc.

2.33%

Martin Marietta Materials, Inc.

2.29%

PPG Industries, Inc.

1.74%

Smurfit WestRock Plc

1.74%

Amrize Ltd.

1.64%

IYM

Linde Plc

21.20%

Newmont Corp.

9.29%

Freeport-McMoRan, Inc.

8.27%

Ecolab, Inc.

6.35%

Air Products & Chemicals, Inc.

4.99%

Nucor Corp.

4.43%

Fastenal Co.

4.29%

Anglogold Ashanti Plc

3.46%

Steel Dynamics, Inc.

3.08%

Carpenter Technology Corp.

2.47%

International Paper Co.

2.31%

Reliance, Inc.

2.09%

International Flavors & Fragrances, Inc.

2.08%

CF Industries Holdings, Inc.

1.97%

RBC Bearings, Inc.

1.79%

Frequently asked questions about FMAT and IYM

How have the FMAT and IYM ETFs performed in 2026?

As of September 11, 2026, FMAT is up 10.81% year-to-date (YTD), while IYM has returned 21.92%. 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 +$101M in flows, compared to +$368M for IYM.

Which ETF is more volatile: FMAT or IYM?

Over the past year, FMAT had a volatility of 19.15%, while IYM experienced 20.5%.

Which ETF is bigger: FMAT or IYM?

As of September 11, 2026, FMAT holds $601.85 M in assets under management (AUM), while IYM manages $1.18 B.

What sectors do the FMAT and IYM ETFs invest in?

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

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

FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. IYM holds in its top three: Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc..

Which ETF is more diversified: FMAT or IYM?

FMAT holds 101 securities with 66.31% of its assets in the top 15. IYM has 40 securities and a top 15 weight of 78.06%.

ETF Deep Dive: iShares Expanded Tech Sector ETF (IGM)

July 12, 2024

IYM

FMATvsIYMETF Comparison

Fidelity MSCI Materials Index ETF

iShares U.S. Basic Materials ETF

FMAT vs IYM 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 IYM ETFs performed in 2026?

As of September 11, 2026, FMAT is up 10.81% year-to-date (YTD), while IYM has returned 21.92%. 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 +$101M in flows, compared to +$368M for IYM.

Which ETF is more volatile: FMAT or IYM?

Over the past year, FMAT had a volatility of 19.15%, while IYM experienced 20.5%.

Which ETF is bigger: FMAT or IYM?

As of September 11, 2026, FMAT holds $601.85 M in assets under management (AUM), while IYM manages $1.18 B.

What sectors do the FMAT and IYM ETFs invest in?

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

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

FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. IYM holds in its top three: Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc..

Which ETF is more diversified: FMAT or IYM?

FMAT holds 101 securities with 66.31% of its assets in the top 15. IYM has 40 securities and a top 15 weight of 78.06%.

ETF Deep Dive: iShares Expanded Tech Sector ETF (IGM)

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