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. Both ETFs have the same top 3 sector exposures: and Materials. Both FMAT and XLB have the same Total Expense Ratio (TER) of 0.08%. FMAT is up 11.67% year-to-date (YTD) with +$104M in YTD flows. XLB performs better with 15.65% YTD performance, and +$1.82B 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 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT XLB | -2.34%+0.10% | +2.26%+5.50% | +11.67%+15.65% | +20.53%+20.40% | +38.72%+39.51% | +33.10%+35.54% |
| Flows | FMAT XLB | +$9M+$514M | +$71M+$1.02B | +$104M+$1.82B | +$109M+$1.99B | +$51M+$991M | -$76M-$2.53B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT XLB | +22.21%+20.43% | +18.42%+17.50% | +17.89%+17.17% | +19.79%+19.05% |
| Max drawdown | FMAT XLB | -6.81%-6.44% | -13.46%-12.34% | -23.21%-23.18% | -25.40%-24.78% |
| Max drawdown duration | FMAT XLB | 52d37d | 102d121d | 430d445d | 679d679d |
Trading data
FMAT | XLB | |
Last sale 6/12/2026 at 1:30 PM | $60.13 | $52.18 |
| Previous close 06/11/2026 | $59.11 | $51.22 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 6/12/2026 at 1:30 PM
Live
Closed
FMAT | XLB | |
|---|---|---|
| Last price | $60.13 | $52.18 |
| 1D performance | +1.73% | +1.87% |
| AuM | $611.60 M | $8.02 B |
| E/R | 0.08% | 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 | 86 | 24 |
| 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
73.29%
Ireland
21.34%
Other
5.37%
XLB
USA
73.8%
Ireland
21.54%
Other
4.65%
Sectors
FMAT
Materials
78.37%
Other
21.63%
XLB
Materials
81.08%
Other
18.92%
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Diversification
FMAT
Total weight of top 15 holdings out of 15
65.43%
XLB
Total weight of top 15 holdings out of 15
77.37%
Top 15 holdings
Data as of April 30, 2026
FMAT
IE000S9YS762
15.07%
NEWMONT CORP
8.01%
FREEPORT-MCMORAN INC
5.50%
SHERWIN WILLIAMS
5.00%
CRH PLC
4.94%
ECOLAB
4.32%
AIR PRODUCTS AND CHEMICALS
4.25%
CORTEVA INC
3.39%
NUCOR
3.11%
VULCAN MATERIALS
2.43%
MARTIN MARIETTA
2.32%
STEEL DYNAMICS
1.97%
CH1430134226
1.83%
DOW INC
1.71%
PPG INDUSTRIES
1.56%
XLB
IE000S9YS762
14.16%
NEWMONT CORP
7.34%
NUCOR
5.69%
FREEPORT-MCMORAN INC
5.03%
CRH PLC
4.94%
VULCAN MATERIALS
4.86%
AIR PRODUCTS AND CHEMICALS
4.69%
MARTIN MARIETTA
4.49%
SHERWIN WILLIAMS
4.49%
CORTEVA INC
4.47%
ECOLAB
4.08%
STEEL DYNAMICS
3.82%
DOW INC
3.54%
PPG INDUSTRIES
2.96%
ALBEMARLE
2.82%
Frequently asked questions about FMAT and XLB
How have the FMAT and XLB ETFs performed in 2026?
As of June 11, 2026, FMAT is up 11.67% year-to-date (YTD), while XLB has returned 15.65%. 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 +$104M in flows, compared to +$1.82B for XLB.
Which ETF is more volatile: FMAT or XLB?
Over the past year, FMAT had a volatility of 18.42%, while XLB experienced 17.5%.
Which ETF is bigger: FMAT or XLB?
As of June 11, 2026, FMAT holds $611.60 M in assets under management (AUM), while XLB manages $8.02 B.
What sectors do the FMAT and XLB ETFs invest in?
FMAT leans toward sectors like Materials. Meanwhile, XLB focuses on Materials.
What are the top holdings of the FMAT ETF and XLB ETF?
FMAT top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. XLB holds in its top three: IE000S9YS762, NEWMONT CORP and NUCOR.
Which ETF is more diversified: FMAT or XLB?
FMAT holds 103 securities with 65.43% of its assets in the top 15. XLB has 26 securities and a top 15 weight of 77.37%.
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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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