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FMATvsPYZETF Comparison
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 9.21% year-to-date (YTD) with +$33M in YTD flows. PYZ performs better with 9.47% YTD performance, and +$15M 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.
FMAT vs PYZ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT PYZ | -6.93%-5.07% | +9.73%+8.62% | +9.21%+9.47% | +22.10%+42.64% | +39.42%+50.93% | +43.70%+48.76% |
| Flows | FMAT PYZ | +$6M+$8M | +$43M+$14M | +$33M+$15M | -$79M+$27M | -$38M-$87M | +$78M+$11M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT PYZ | +19.13%+29.42% | +21.01%+27.19% | +17.57%+22.40% | +19.54%+25.66% |
| Max drawdown | FMAT PYZ | -7.30%-9.49% | -14.66%-17.37% | -23.21%-26.82% | -25.40%-33.01% |
| Max drawdown duration | FMAT PYZ | 10d10d | 57d57d | 430d233d | 679d1184d |
FMAT | PYZ | |
Last sale 3/13/2026 at 1:30 PM | $56.90 | $116.97 |
| Previous close 03/12/2026 | $57.60 | $120.39 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FMAT | PYZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FMAT | PYZ | |
|---|---|---|
| Last price | $56.90 | $116.97 |
| 1D performance | -1.22% | -2.84% |
| AuM | $530.70 M | $97.58 M |
| E/R | 0.08% | 0.78% |
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 | 89 | 43 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2013 | October 12, 2006 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FMAT and PYZ ETFs performed in 2026?
As of March 11, 2026, FMAT is up 9.21% year-to-date (YTD), while PYZ has returned 9.47%. 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 +$33M in flows, compared to +$15M for PYZ.
Which ETF is more volatile: FMAT or PYZ?
Over the past year, FMAT had a volatility of 21.01%, while PYZ experienced 27.19%.
Which ETF is bigger: FMAT or PYZ?
As of March 11, 2026, FMAT holds $530.70 M in assets under management (AUM), while PYZ manages $97.58 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: HECLA MINING, NEWMONT CORP and URANIUM ENERGY.
Which ETF is more diversified: FMAT or PYZ?
FMAT holds 105 securities with 65.23% of its assets in the top 15. PYZ has 46 securities and a top 15 weight of 56.32%.
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