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FMATvsPYZETF Comparison

ETF 1

FMAT

Fidelity MSCI Materials Index ETF

This fund is part of

US Materials

+0.79%

Full FMAT fund page

VS

ETF 2

PYZ

Invesco DWA Basic Materials Momentum ETF

This fund is part of

US Materials

+0.79%

Full PYZ fund page

Fidelity MSCI Materials Index ETF (FMAT) and Invesco DWA Basic Materials Momentum ETF (PYZ) belong to the same industry segment: US Materials. FMAT's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, PYZ's top sector exposures are Non-Energy Materials, FMAT is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.78% for PYZ. FMAT is up 10.25% year-to-date (YTD) with +$89M in YTD flows. PYZ performs worse with 9.58% YTD performance, and -$10M 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

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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 07/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMAT PYZ	-0.17%-3.61%	-3.16%-4.57%	+10.25%+9.58%	+14.23%+20.36%	+27.80%+39.32%	+37.83%+45.54%
Flows	FMAT PYZ	-$29M-$4M	-$3M-$24M	+$89M-$10M	+$107M+$6M	+$27M-$96M	-$40M-$137M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMAT PYZ	+21.02%+25.00%	+18.63%+26.64%	+17.95%+22.86%	+19.76%+25.35%
Max drawdown	FMAT PYZ	-6.65%-11.91%	-13.46%-17.60%	-23.21%-26.82%	-25.40%-33.01%
Max drawdown duration	FMAT PYZ	41d56d	148d91d	430d233d	679d1184d

Trading data

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	FMAT	PYZ
Last sale 7/29/2026 at 1:30 PM	$58.11	$120.35
Previous close 07/28/2026	$58.89	$120.79
Consolidated volume 07/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 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

Main metrics

Last update 7/29/2026 at 1:30 PM

Live

Closed

	FMAT	PYZ
Last price	$58.11	$120.35
1D performance	-1.32%	-0.36%
AuM	$587.18 M	$73.41 M
E/R	0.084%	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	101	42
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2013	October 12, 2006
ESG	No	No

More FMAT data on Trackinsight

More PYZ data on Trackinsight

Exposure

Countries

FMAT

USA

78.89%

United Kingdom

16.48%

Other

4.63%

PYZ

USA

93.31%

Other

6.69%

Sectors

FMAT

Non-Energy Materi.

98.11%

Other

1.89%

PYZ

Non-Energy Materi.

97.02%

Other

2.98%

Diversification

FMAT

Total weight of top 15 holdings out of 15

65.85%

PYZ

Total weight of top 15 holdings out of 15

56.73%

Top 15 holdings

Data as of June 30, 2026

FMAT

Linde Plc

15.56%

Newmont Corp.

6.62%

Freeport-McMoRan, Inc.

5.80%

The Sherwin-Williams Co.

5.12%

CRH Plc

4.86%

Ecolab, Inc.

4.59%

Air Products & Chemicals, Inc.

3.81%

Nucor Corp.

3.55%

Corteva, Inc.

3.52%

Vulcan Materials Co.

2.62%

Martin Marietta Materials, Inc.

2.44%

Steel Dynamics, Inc.

2.22%

Amrize Ltd.

1.79%

PPG Industries, Inc.

1.76%

Smurfit WestRock Plc

1.58%

PYZ

Carpenter Technology Corp.

9.05%

ATI, Inc.

6.36%

CF Industries Holdings, Inc.

4.60%

Steel Dynamics, Inc.

4.03%

Corteva, Inc.

3.58%

Alcoa Corp.

3.38%

Freeport-McMoRan, Inc.

3.19%

Solstice Advanced Materials, Inc.

3.09%

USA Rare Earth, Inc.

3.07%

Element Solutions, Inc.

3.01%

US26614N2018

2.98%

Hecla Mining Co.

2.73%

Coeur Mining, Inc.

2.65%

Newmont Corp.

2.62%

Linde Plc

2.38%

Frequently asked questions about FMAT and PYZ

How have the FMAT and PYZ ETFs performed in 2026?

As of July 27, 2026, FMAT is up 10.25% year-to-date (YTD), while PYZ has returned 9.58%. That puts FMAT better performer ahead so far this year.

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

Year-to-date, the FMAT ETF saw +$89M in flows, compared to -$10M for PYZ.

Which ETF is more volatile: FMAT or PYZ?

Over the past year, FMAT had a volatility of 18.63%, while PYZ experienced 26.64%.

Which ETF is bigger: FMAT or PYZ?

As of July 27, 2026, FMAT holds $587.18 M in assets under management (AUM), while PYZ manages $73.41 M.

What sectors do the FMAT and PYZ ETFs invest in?

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

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

FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. PYZ holds in its top three: Carpenter Technology Corp., ATI, Inc. and CF Industries Holdings, Inc..

FMATvsPYZETF Comparison

Fidelity MSCI Materials Index ETF

Invesco DWA Basic Materials Momentum ETF

FMAT vs PYZ 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 PYZ ETFs performed in 2026?

As of July 27, 2026, FMAT is up 10.25% year-to-date (YTD), while PYZ has returned 9.58%. That puts FMAT better performer ahead so far this year.

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

Year-to-date, the FMAT ETF saw +$89M in flows, compared to -$10M for PYZ.

Which ETF is more volatile: FMAT or PYZ?

Over the past year, FMAT had a volatility of 18.63%, while PYZ experienced 26.64%.

Which ETF is bigger: FMAT or PYZ?

As of July 27, 2026, FMAT holds $587.18 M in assets under management (AUM), while PYZ manages $73.41 M.

What sectors do the FMAT and PYZ ETFs invest in?

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

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

FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. PYZ holds in its top three: Carpenter Technology Corp., ATI, Inc. and CF Industries Holdings, Inc..

Which ETF is more diversified: FMAT or PYZ?

FMAT holds 102 securities with 65.85% of its assets in the top 15. PYZ has 42 securities and a top 15 weight of 56.73%.

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