FMATvsXLBETF Comparison
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Fidelity MSCI Materials Index ETF (FMAT) and State Street Materials Select Sector SPDR ETF (XLB) belong to the same industry segment: US Materials. FMAT's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, XLB's top sector exposures are Non-Energy Materials. FMAT is more expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.08% for XLB. FMAT is up 10.81% year-to-date (YTD) with +$101M in YTD flows. XLB performs better with 13.31% YTD performance, and +$2.32B in YTD flows. Run a side-by-side ETF comparison of FMAT and XLB 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 XLB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT XLB | -4.07%-4.27% | -0.77%-0.17% | +10.81%+13.31% | +10.26%+12.03% | +33.54%+31.37% | +36.14%+33.91% |
| Flows | FMAT XLB | +$9M-$171M | -$3M+$413M | +$101M+$2.32B | +$124M+$2.16B | +$34M+$1.69B | +$10M-$138M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT XLB | +18.93%+17.56% | +19.15%+17.82% | +18.23%+17.42% | +19.90%+19.14% |
| Max drawdown | FMAT XLB | -6.65%-5.38% | -13.46%-12.34% | -23.21%-23.18% | -25.40%-24.78% |
| Max drawdown duration | FMAT XLB | 52d16d | 194d177d | 430d445d | 679d679d |
Trading data
FMAT | XLB | |
Last sale 9/11/2026 at 1:30 PM | $58.46 | $50.95 |
| Previous close 09/11/2026 | $58.21 | $50.76 |
| Consolidated volume 09/11/2026 | ||
| 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 | XLB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
FMAT | XLB | |
|---|---|---|
| Last price | $58.46 | $50.95 |
| 1D performance | +0.43% | +0.37% |
| AuM | $601.85 M | $8.31 B |
| E/R | 0.084% | 0.08% |
Characteristics
FMAT | XLB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | State Street Investment Management |
| Benchmark | MSCI USA IMI Materials 25/50 | S&P Materials Select Sector Index |
| N° of holdings | 100 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2013 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
FMAT
USA
79.87%
United Kingdom
16.44%
Other
3.7%
XLB
USA
77.95%
United Kingdom
15.64%
Other
6.4%
Sectors
FMAT
Non-Energy Materi.
99.34%
Other
0.66%
XLB
Non-Energy Materi.
99.81%
Other
0.19%
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Diversification
FMAT
Total weight of top 15 holdings out of 15
66.31%
XLB
Total weight of top 15 holdings out of 15
76.14%
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%
XLB
Linde Plc
13.42%
Newmont Corp.
6.07%
Freeport-McMoRan, Inc.
5.46%
The Sherwin-Williams Co.
5.06%
Ecolab, Inc.
4.88%
Air Products & Chemicals, Inc.
4.81%
Corteva, Inc.
4.77%
Nucor Corp.
4.64%
Vulcan Materials Co.
4.45%
CRH Plc
4.29%
Martin Marietta Materials, Inc.
4.29%
Steel Dynamics, Inc.
4.23%
PPG Industries, Inc.
3.41%
Smurfit WestRock Plc
3.34%
Dow, Inc.
3.03%
Frequently asked questions about FMAT and XLB
How have the FMAT and XLB ETFs performed in 2026?
As of September 11, 2026, FMAT is up 10.81% year-to-date (YTD), while XLB has returned 13.31%. That puts XLB better performer ahead so far this year.
Which ETF is attracting more investor money: FMAT or XLB?
Year-to-date, the FMAT ETF saw +$101M in flows, compared to +$2.32B for XLB.
Which ETF is more volatile: FMAT or XLB?
Over the past year, FMAT had a volatility of 19.15%, while XLB experienced 17.82%.
Which ETF is bigger: FMAT or XLB?
As of September 11, 2026, FMAT holds $601.85 M in assets under management (AUM), while XLB manages $8.31 B.
What sectors do the FMAT and XLB ETFs invest in?
FMAT leans toward sectors like Non-Energy Materials. Meanwhile, XLB focuses on Non-Energy Materials.
What are the top holdings of the FMAT ETF and XLB ETF?
FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. XLB holds in its top three: Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc..
Which ETF is more diversified: FMAT or XLB?
FMAT holds 101 securities with 66.31% of its assets in the top 15. XLB has 25 securities and a top 15 weight of 76.14%.
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Latest news about FMAT & XLB
Investing in Sector ETFs: Energy, Industrials, & Materials
September 6, 2024
XLB
Tony's ETF Buyer's Guide: Sector ETFs (Vanguard versus State Street SPDR)
December 1, 2023
XLB
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