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. 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 0.35% for XME. FMAT is up 13.28% year-to-date (YTD) with +$92M in YTD flows. XME performs better with 13.71% YTD performance, and +$1.39B 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 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMAT XME | +9.28%+10.31% | +1.66%-6.63% | +13.28%+13.71% | +32.08%+106.80% | +38.30%+137.07% | +41.17%+193.52% |
| Flows | FMAT XME | +$56M+$481M | +$80M+$625M | +$92M+$1.39B | +$95M+$2.01B | +$2M+$1.25B | +$66M+$1.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMAT XME | +21.32%+39.29% | +17.21%+32.55% | +17.65%+29.16% | +19.60%+32.40% |
| Max drawdown | FMAT XME | -13.46%-20.90% | -13.46%-22.54% | -23.21%-30.47% | -25.40%-37.25% |
| Max drawdown duration | FMAT XME | 53d86d | 53d89d | 430d237d | 679d760d |
Trading data
FMAT | XME | |
Last sale 4/27/2026 at 1:30 PM | $60.27 | $120.20 |
| Previous close 04/24/2026 | $60.41 | $117.78 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 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 4/27/2026 at 1:30 PM
Live
Closed
FMAT | XME | |
|---|---|---|
| Last price | $60.27 | $120.20 |
| 1D performance | -0.23% | +2.05% |
| AuM | $608.44 M | $5.24 B |
| E/R | 0.08% | 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 | 87 | 30 |
| 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
72.74%
Ireland
21.62%
Other
5.63%
XME
USA
99.25%
Other
0.75%
Sectors
FMAT
Materials
77.83%
Other
22.17%
XME
Materials
69.74%
Energy
13.78%
Other
16.48%
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Diversification
FMAT
Total weight of top 15 holdings out of 15
64.84%
XME
Total weight of top 15 holdings out of 15
65.96%
Top 15 holdings
Data as of March 31, 2026
FMAT
IE000S9YS762
15.55%
NEWMONT CORP
7.29%
FREEPORT-MCMORAN INC
5.39%
SHERWIN WILLIAMS
5.06%
CRH PLC
4.65%
ECOLAB
4.53%
AIR PRODUCTS AND CHEMICALS
4.39%
CORTEVA INC
3.76%
NUCOR
2.55%
VULCAN MATERIALS
2.37%
MARTIN MARIETTA
2.35%
DOW INC
1.89%
CH1430134226
1.85%
STEEL DYNAMICS
1.63%
PPG INDUSTRIES
1.59%
XME
WARRIOR MET COAL
5.02%
US2189371006
4.99%
ALCOA CORP
4.57%
RELIANCE STEEL
4.51%
NUCOR
4.50%
STEEL DYNAMICS
4.46%
FREEPORT-MCMORAN INC
4.36%
PEABODY ENERGY
4.36%
URANIUM ENERGY
4.36%
NEWMONT CORP
4.26%
COMMERCIAL METALS
4.22%
ROYAL GOLD
4.21%
CLEVELAND CLIFFS INC
4.16%
HECLA MINING
4.02%
CENTRUS ENERGY CORP
3.96%
Frequently asked questions about FMAT and XME
How have the FMAT and XME ETFs performed in 2026?
As of April 23, 2026, FMAT is up 13.28% year-to-date (YTD), while XME has returned 13.71%. That puts XME better performer ahead so far this year.
Which ETF is attracting more investor money: FMAT or XME?
Year-to-date, the FMAT ETF saw +$92M in flows, compared to +$1.39B for XME.
Which ETF is more volatile: FMAT or XME?
Over the past year, FMAT had a volatility of 17.21%, while XME experienced 32.55%.
Which ETF is bigger: FMAT or XME?
As of April 23, 2026, FMAT holds $608.44 M in assets under management (AUM), while XME manages $5.24 B.
What sectors do the FMAT and XME ETFs invest in?
FMAT leans toward sectors like Materials. Meanwhile, XME focuses on Materials and Energy.
What are the top holdings of the FMAT ETF and XME ETF?
FMAT top holdings include IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC. XME holds in its top three: WARRIOR MET COAL, US2189371006 and ALCOA CORP.
Which ETF is more diversified: FMAT or XME?
FMAT holds 104 securities with 64.84% of its assets in the top 15. XME has 37 securities and a top 15 weight of 65.96%.
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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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