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PYZvsFMATETF Comparison

ETF 1
PYZ

Invesco DWA Basic Materials Momentum ETF

This fund is part of
US Materials
-0.18%
VS
ETF 2
FMAT

Fidelity MSCI Materials Index ETF

This fund is part of
US Materials
-0.18%

Invesco DWA Basic Materials Momentum ETF (PYZ) and Fidelity MSCI Materials Index ETF (FMAT) belong to the same industry segment: US Materials. PYZ's top 3 sector exposures are Materials and Energy. In contrast, FMAT's top sector exposures are Materials  PYZ is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.08% for FMAT. PYZ is up 16.68% year-to-date (YTD) with +$14M in YTD flows. FMAT performs worse with 12.31% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of PYZ and FMAT 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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PYZ vs FMAT performance and flow charts

Performance

0.02.04.06.08.0%Mar 30Apr 7Apr 14Apr 21Apr 28

Cumulative Flows

0 M10 M20 M30 M40 M50 M60 MMar 30Apr 7Apr 14Apr 21Apr 28

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Historic performance and flows
Data as of 05/01/2026
1M3MYTD1Y3Y5Y
Perf.
PYZ
FMAT
+5.22%+5.52%
+5.35%+3.47%
+16.68%+12.31%
+55.93%+26.97%
+61.94%+38.48%
+53.04%+39.86%
Flows
PYZ
FMAT
-+$59M
+$6M+$83M
+$14M+$95M
+$27M+$103M
-$81M+$7M
-$15M+$55M
Volatility and drawdown
3M1Y3Y5Y
Volatility
PYZ
FMAT
+31.18%+21.25%
+24.83%+17.19%
+22.55%+17.60%
+25.58%+19.62%
Max drawdown
PYZ
FMAT
-17.60%-13.46%
-17.60%-13.46%
-26.82%-23.21%
-33.01%-25.40%
Max drawdown duration
PYZ
FMAT
60d60d
60d60d
233d430d
1184d679d
Trading data

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PYZ
FMAT
Last sale
5/1/2026 at 1:30 PM
$128.33
$59.32
Previous close
05/01/2026
$128.49
$59.45
Consolidated volume
05/01/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of April 30, 2026
1-year trailing difference

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PYZ
FMAT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
PYZ
FMAT
Last price
$128.33
$59.32
1D performance
-0.12%
-0.22%
AuM$102.62 M$606.19 M
E/R0.78%0.08%
Characteristics
PYZ
FMAT
Management strategyPassivePassive
ProviderInvescoFidelity
BenchmarkDorsey Wright Basic Materials Technical Leaders IndexMSCI USA IMI Materials 25/50
N° of holdings4387
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateOctober 12, 2006October 21, 2013
ESGNoNo
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Exposure

Countries

PYZ
USA
97.6%
Other
2.4%
FMAT
USA
72.74%
Ireland
21.62%
Other
5.63%

Sectors

PYZ
Materials
90.53%
Other
9.47%
FMAT
Materials
77.83%
Other
22.17%
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Diversification

PYZ

Total weight of top 15 holdings out of 15

55.93%
FMAT

Total weight of top 15 holdings out of 15

64.84%

Top 15 holdings

Data as of March 31, 2026
PYZ
CARPENTER TECHNOLOGY
5.47%
ATI INC
4.55%
NEWMONT CORP
4.37%
ALBEMARLE
4.30%
HECLA MINING
4.14%
CORTEVA INC
3.80%
URANIUM ENERGY
3.80%
ALCOA CORP
3.67%
ROYAL GOLD
3.65%
CENTURY ALUMINUM
3.31%
MP MATERIALS CORPORATION
3.22%
FREEPORT-MCMORAN INC
3.08%
DUPONT DE NEMOURS INC
2.98%
COEUR MINING INC
2.82%
STEEL DYNAMICS
2.78%
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%
Frequently asked questions about PYZ and FMAT

How have the PYZ and FMAT ETFs performed in 2026?

As of May 1, 2026, PYZ is up 16.68% year-to-date (YTD), while FMAT has returned 12.31%. That puts PYZ better performer ahead so far this year.

Which ETF is attracting more investor money: PYZ or FMAT?

Year-to-date, the PYZ ETF saw +$14M in flows, compared to +$95M for FMAT.

Which ETF is more volatile: PYZ or FMAT?

Over the past year, PYZ had a volatility of 24.83%, while FMAT experienced 17.19%.

Which ETF is bigger: PYZ or FMAT?

As of May 1, 2026, PYZ holds $102.62 M in assets under management (AUM), while FMAT manages $606.19 M.

What sectors do the PYZ and FMAT ETFs invest in?

PYZ leans toward sectors like Materials. Meanwhile, FMAT focuses on Materials.

What are the top holdings of the PYZ ETF and FMAT ETF?

PYZ top holdings include CARPENTER TECHNOLOGY, ATI INC and NEWMONT CORP. FMAT holds in its top three: IE000S9YS762, NEWMONT CORP and FREEPORT-MCMORAN INC.

Which ETF is more diversified: PYZ or FMAT?

PYZ holds 46 securities with 55.93% of its assets in the top 15. FMAT has 104 securities and a top 15 weight of 64.84%.

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