FMATvsPYZETF Comparison
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Fidelity MSCI Materials Index ETF (FMAT) and Invesco DWA Basic Materials Momentum ETF (PYZ) 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 0.78% for PYZ. FMAT is up 12.31% year-to-date (YTD) with +$95M in YTD flows. PYZ performs better with 16.68% YTD performance, and +$14M in YTD flows. Run a side-by-side ETF comparison of FMAT and PYZ 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 PYZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT PYZ | +5.52%+5.22% | +3.47%+5.35% | +12.31%+16.68% | +26.97%+55.93% | +38.48%+61.94% | +39.86%+53.04% |
| Flows | FMAT PYZ | +$59M- | +$83M+$6M | +$95M+$14M | +$103M+$27M | +$7M-$81M | +$55M-$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT PYZ | +21.25%+31.18% | +17.19%+24.83% | +17.60%+22.55% | +19.62%+25.58% |
| Max drawdown | FMAT PYZ | -13.46%-17.60% | -13.46%-17.60% | -23.21%-26.82% | -25.40%-33.01% |
| Max drawdown duration | FMAT PYZ | 60d60d | 60d60d | 430d233d | 679d1184d |
Trading data
FMAT | PYZ | |
Last sale 5/1/2026 at 1:30 PM | $59.32 | $128.33 |
| Previous close 05/01/2026 | $59.45 | $128.49 |
| Consolidated volume 05/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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FMAT | PYZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
FMAT | PYZ | |
|---|---|---|
| Last price | $59.32 | $128.33 |
| 1D performance | -0.22% | -0.12% |
| AuM | $606.19 M | $102.62 M |
| E/R | 0.08% | 0.78% |
Characteristics
FMAT | PYZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Invesco |
| Benchmark | MSCI USA IMI Materials 25/50 | Dorsey Wright Basic Materials Technical Leaders Index |
| N° of holdings | 87 | 43 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2013 | October 12, 2006 |
| ESG | No | No |
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Exposure
Countries
FMAT
USA
72.74%
Ireland
21.62%
Other
5.63%
PYZ
USA
97.6%
Other
2.4%
Sectors
FMAT
Materials
77.83%
Other
22.17%
PYZ
Materials
90.53%
Other
9.47%
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Diversification
FMAT
Total weight of top 15 holdings out of 15
64.84%
PYZ
Total weight of top 15 holdings out of 15
55.93%
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%
PYZ
CARPENTER TECHNOLOGY
5.47%
ATI INC
4.55%
NEWMONT CORP
4.37%
ALBEMARLE
4.30%
HECLA MINING
4.14%
CORTEVA INC
3.80%
URANIUM ENERGY
3.80%
ALCOA CORP
3.67%
ROYAL GOLD
3.65%
CENTURY ALUMINUM
3.31%
MP MATERIALS CORPORATION
3.22%
FREEPORT-MCMORAN INC
3.08%
DUPONT DE NEMOURS INC
2.98%
COEUR MINING INC
2.82%
STEEL DYNAMICS
2.78%
Frequently asked questions about FMAT and PYZ
How have the FMAT and PYZ ETFs performed in 2026?
As of April 30, 2026, FMAT is up 12.31% year-to-date (YTD), while PYZ has returned 16.68%. That puts PYZ better performer ahead so far this year.
Which ETF is attracting more investor money: FMAT or PYZ?
Year-to-date, the FMAT ETF saw +$95M in flows, compared to +$14M for PYZ.
Which ETF is more volatile: FMAT or PYZ?
Over the past year, FMAT had a volatility of 17.19%, while PYZ experienced 24.83%.
Which ETF is bigger: FMAT or PYZ?
As of April 30, 2026, FMAT holds $606.19 M in assets under management (AUM), while PYZ manages $102.62 M.
What sectors do the FMAT and PYZ ETFs invest in?
FMAT leans toward sectors like Materials. Meanwhile, PYZ focuses on Materials.
What are the top holdings of the FMAT ETF and PYZ ETF?
FMAT top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. PYZ holds in its top three: CARPENTER TECHNOLOGY, ATI INC and NEWMONT CORP.
Which ETF is more diversified: FMAT or PYZ?
FMAT holds 104 securities with 64.84% of its assets in the top 15. PYZ has 46 securities and a top 15 weight of 55.93%.
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