FMATvsXMEETF Comparison
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Fidelity MSCI Materials Index ETF (FMAT) and State Street SPDR S&P Metals & Mining ETF (XME) belong to the same industry segment: US Materials. FMAT's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, XME's top sector exposures are Non-Energy Materials and Energy. FMAT is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.35% for XME. FMAT is up 10.81% year-to-date (YTD) with +$101M in YTD flows. XME performs worse with 9.8% YTD performance, and +$1.08B in YTD flows. Run a side-by-side ETF comparison of FMAT and XME 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 XME 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 XME | -4.07%-3.49% | -0.77%-3.95% | +10.81%+9.80% | +10.26%+32.60% | +33.54%+124.30% | +36.14%+166.47% |
| Flows | FMAT XME | +$9M+$260M | -$3M+$5M | +$101M+$1.08B | +$124M+$1.59B | +$34M+$1.36B | +$10M+$1.15B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT XME | +18.93%+35.97% | +19.15%+38.21% | +18.23%+31.42% | +19.90%+32.80% |
| Max drawdown | FMAT XME | -6.65%-19.06% | -13.46%-26.46% | -23.21%-30.47% | -25.40%-37.25% |
| Max drawdown duration | FMAT XME | 52d70d | 194d101d | 430d237d | 679d760d |
Trading data
FMAT | XME | |
Last sale 9/11/2026 at 1:30 PM | $58.46 | $113.63 |
| Previous close 09/11/2026 | $58.21 | $114.77 |
| 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 | XME | |
|---|---|---|
| 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 | XME | |
|---|---|---|
| Last price | $58.46 | $113.63 |
| 1D performance | +0.43% | -0.99% |
| AuM | $601.85 M | $4.68 B |
| E/R | 0.084% | 0.35% |
Characteristics
FMAT | XME | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | State Street Investment Management |
| Benchmark | MSCI USA IMI Materials 25/50 | S&P Metals & Mining Select Industry Index |
| N° of holdings | 100 | 39 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2013 | June 19, 2006 |
| ESG | No | No |
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Exposure
Countries
FMAT
USA
79.87%
United Kingdom
16.44%
Other
3.7%
XME
USA
98.59%
Other
1.41%
Sectors
FMAT
Non-Energy Materi.
99.34%
Other
0.66%
XME
Non-Energy Materi.
80.69%
Energy
19.25%
Other
0.05%
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Diversification
FMAT
Total weight of top 15 holdings out of 15
66.31%
XME
Total weight of top 15 holdings out of 15
64.8%
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%
XME
Centrus Energy Corp.
5.14%
Reliance, Inc.
4.60%
Nucor Corp.
4.59%
Uranium Energy Corp.
4.55%
Newmont Corp.
4.51%
Freeport-McMoRan, Inc.
4.51%
Royal Gold, Inc.
4.50%
Hecla Mining Co.
4.49%
Coeur Mining, Inc.
4.32%
Steel Dynamics, Inc.
4.18%
Commercial Metals Co.
4.17%
Cleveland-Cliffs, Inc.
4.15%
Core Natural Resources, Inc.
3.91%
Warrior Met Coal, Inc.
3.72%
MP Materials Corp.
3.46%
Frequently asked questions about FMAT and XME
How have the FMAT and XME ETFs performed in 2026?
As of September 11, 2026, FMAT is up 10.81% year-to-date (YTD), while XME has returned 9.8%. That puts FMAT better performer ahead so far this year.
Which ETF is attracting more investor money: FMAT or XME?
Year-to-date, the FMAT ETF saw +$101M in flows, compared to +$1.08B for XME.
Which ETF is more volatile: FMAT or XME?
Over the past year, FMAT had a volatility of 19.15%, while XME experienced 38.21%.
Which ETF is bigger: FMAT or XME?
As of September 11, 2026, FMAT holds $601.85 M in assets under management (AUM), while XME manages $4.68 B.
What sectors do the FMAT and XME ETFs invest in?
FMAT leans toward sectors like Non-Energy Materials. Meanwhile, XME focuses on Non-Energy Materials and Energy.
What are the top holdings of the FMAT ETF and XME ETF?
FMAT top holdings include Linde Plc, Newmont Corp. and Freeport-McMoRan, Inc.. XME holds in its top three: Centrus Energy Corp., Reliance, Inc. and Nucor Corp..
Which ETF is more diversified: FMAT or XME?
FMAT holds 101 securities with 66.31% of its assets in the top 15. XME has 39 securities and a top 15 weight of 64.8%.
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Latest news about FMAT & XME
Japan's Nippon Steel Eyes a $14.9 billion Acquisition of U.S. Steel, Offering a 40% Premium
December 26, 2023
XME
Trending sub-sectors in 2022
July 12, 2022
XME
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