Fidelity® MSCI Materials Index ETF

10-Year Study

FMAT.US · · US · ETF

Executive Summary: Fidelity® MSCI Materials Index ETF has compounded at 10.6% annually over the last 10 years, with a maximum drawdown of 29.3% and an annualized volatility of 20.1%.

1Y CAGR
+26.9%
3Y CAGR
+14.7%
5Y CAGR
+6.0%
10Y CAGR
+10.6%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
29.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.44
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.66
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
19.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +27.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -17.4%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20268.68.4-7.84.1————————13.0%
20254.9-0.4-3.6-1.62.82.50.16.8-1.2-4.74.02.512.1%
2024-4.15.76.4-4.93.7-4.05.81.22.8-2.63.0-11.10.5%
20239.6-2.8-1.5-0.9-6.611.13.7-3.3-5.1-3.88.85.913.7%
2022-7.00.56.0-4.11.1-14.47.1-3.1-10.29.611.1-5.3-11.5%
2021-2.54.88.34.95.4-5.21.51.9-7.07.3-0.97.327.5%
2020-6.3-9.2-15.315.67.02.26.64.80.20.112.93.919.6%
20197.43.70.13.2-9.311.9-0.4-3.93.50.43.32.923.3%
20183.7-5.3-3.80.62.4-0.33.0-1.0-1.9-10.83.3-7.7-17.4%
20174.81.10.41.1-0.82.41.20.74.03.60.82.023.5%
2016———5.4-0.3-0.45.70.1-0.7-2.58.8-0.316.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 20.1%. The dominant macroeconomic risk driver is VEA.US, accounting for 26.7% of variance. Idiosyncratic stock-specific factors contribute 6.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110540.096411863884
2016-05-0110504.381278050867
2016-06-0110460.4972572487
2016-07-0111059.818099783904
2016-08-0111066.942129134906
2016-09-0110985.965662178529
2016-10-0110709.315855714658
2016-11-0111647.550521241481
2016-12-0111607.75094393389
2017-01-0112159.150815701363
2017-02-0112287.95326636746
2017-03-0112341.668447674007
2017-04-0112479.114720619318
2017-05-0112378.048490893116
2017-06-0112679.63240008549
2017-07-0112837.975825793736
2017-08-0112931.348103820854
2017-09-0113449.17005058061
2017-10-0113938.21091876232
2017-11-0114056.422312459928
2017-12-0114337.06157536036
2018-01-0114869.131580822115
2018-02-0114079.219206383132
2018-03-0113546.53178504429
2018-04-0113624.611146731258
2018-05-0113949.324404549881
2018-06-0113913.846738381897
2018-07-0114326.75547956591
2018-08-0114190.496544845766
2018-09-0113922.918002422171
2018-10-0112426.159435776877
2018-11-0112836.598513452542
2018-12-0111842.891406045928
2019-01-0112714.73011802142
2019-02-0113181.92396286006
2019-03-0113193.749851582723
2019-04-0113616.774714445157
2019-05-0112347.652632328845
2019-06-0113819.429602716631
2019-07-0113760.442639690342
2019-08-0113221.153617819575
2019-09-0113689.202346180333
2019-10-0113740.020422217474
2019-11-0114198.095509486835
2019-12-0114608.059651872434
2020-01-0113684.6904609247
2020-02-0112425.162071667737
2020-03-0110519.341739687969
2020-04-0112159.530763933415
2020-05-0113009.664933152859
2020-06-0113301.750136543897
2020-07-0114173.256393816344
2020-08-0114854.171119185012
2020-09-0114888.698914772864
2020-10-0114896.29787941393
2020-11-0116814.751490109473
2020-12-0117467.075111016125
2021-01-0117027.380019472348
2021-02-0117850.205409512953
2021-03-0119336.80036095082
2021-04-0120285.103654627062
2021-05-0121377.549808838547
2021-06-0120271.66298591817
2021-07-0120578.756144475316
2021-08-0120973.569851107786
2021-09-0119503.645128351265
2021-10-0120922.27683978058
2021-11-0120741.658948968205
2021-12-0122262.021799529815
2022-01-0120709.79079100473
2022-02-0120807.057538410394
2022-03-0122061.74158770868
2022-04-0121151.38562370877
2022-05-0121391.180451663462
2022-06-0118319.251501982857
2022-07-0119624.278692028212
2022-08-0119007.527724347558
2022-09-0117069.506779701267
2022-10-0118708.650946308568
2022-11-0120787.917646220703
2022-12-0119693.85671202299
2023-01-0121588.801025860226
2023-02-0120975.184631094016
2023-03-0120663.95953551329
2023-04-0120469.046092469904
2023-05-0119122.889506304768
2023-06-0121246.562655838145
2023-07-0122034.290327942817
2023-08-0121305.73959298046
2023-09-0120212.533542304864
2023-10-0119434.969485407615
2023-11-0121141.03203438532
2023-12-0122393.05644605923
2024-01-0121474.199140367127
2024-02-0122705.46887986512
2024-03-0124159.245802759375
2024-04-0122978.27171047945
2024-05-0123836.337299043007
2024-06-0122888.366460069814
2024-07-0124214.575764052148
2024-08-0124499.774405737222
2024-09-0125196.884424497162
2024-10-0124545.320700054617
2024-11-0125293.676236612766
2024-12-0122497.58970340291
2025-01-0123608.700814514024
2025-02-0123515.328536486904
2025-03-0122659.92258554772
2025-04-0122289.473059295673
2025-05-0122913.1580822113
2025-06-0123494.95381254304
2025-07-0123509.106884187033
2025-08-0125101.849872954812
2025-09-0124802.308185509726
2025-10-0123643.32359715989
2025-11-0124598.893400774148
2025-12-0125223.813255443947
2026-01-0127384.76882524756
2026-02-0129692.954334971862
2026-03-0127375.270119446228
2026-04-0128505.616109805043
Annual Return Matrix
YearAnnual Return
20170.23512829010625724
2018-0.1739666218356003
20190.23348759614690517
20200.19571493595162237
20210.2745134292970217
2022-0.11536081990365621
20230.13705795535662624
20240.004668110295505512
20250.12117847236002688
20260.13010732442101314
Total Factor Risk
0.20079408108560187
VTI.US Exposure
0.042024842536526816
VEA.US Exposure
0.2674976301554378
VWO.US Exposure
-0.0001668221948585153
QQQ.US Exposure
-0.15500057284333657
VTV.US Exposure
0.09701550532709924
IJR.US Exposure
0.22407773053810956
QUAL.US Exposure
0.22093867969148512
SHV.US Exposure
0.21299997104621124
TLT.US Exposure
0.0354247632112054
LQD.US Exposure
-0.030352161352648243
HYG.US Exposure
-0.04088774420304825
GLD.US Exposure
0.014029907045840655
USO.US Exposure
0.0004422732735284654
VNQ.US Exposure
-0.009968860905934334
BTC-USD.CC Exposure
0.015195695832119736
CPER.US Exposure
0.05436337107871632
VIX.INDX Exposure
-0.0015969567151368647
UUP.US Exposure
-0.012117393555775686
TIP.US Exposure
-0.00033864712826278513
Idiosyncratic Exposure
0.066418789162721
Value Score
42.7
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
16.7
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
20.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →18.2x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.39%
Market Cap$40.6B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$94
Avg Yield on Cost
0.94%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$94.040.94%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+10.9%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
4.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.20
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® MSCI Materials Index ETF a high-risk investment?

Fidelity® MSCI Materials Index ETF (FMAT.US) has an annualized volatility of 20.1% and experienced a maximum drawdown of 29.3% over the last 10 years. Its primary macro risk driver is VEA.US.

What is the 10-year return of FMAT.US?

Over the past 10 years, FMAT.US has generated a Compound Annual Growth Rate (CAGR) of 10.6%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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