FMAT Performance — Fidelity MSCI Materials Index ETF
Data updated: 2026-10-13
FMAT returned +8.12% year to date and +16.00% over one year to Jul 2026. Annualised returns are +7.35% over 3 years and +5.80% over 5 years. The fund trailed its Materials Equity category average: $100 invested three years ago grew to $124, against $133 for the category, and to $116 over one year, against $118. Volatility over the past three years was 16.93% a year. In the 12 months to Jul 2026 the fund took in a net $109.5M, and assets reached $578.67M.
FMAT Growth of $100
What $100 invested in Fidelity MSCI Materials Index ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Materials Equity category average over the same months.
| Period | FMAT | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $116 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $124 | $133 |
| 5 years (Aug 2021 – Jul 2026) | $133 | $147 |
| Since data start (Aug 2019 – Jul 2026) | $199 | $214 |
FMAT Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.12% |
| 1 year | +16.00% |
| 3 years (annualised) | +7.35% |
| 5 years (annualised) | +5.80% |
FMAT Annual Returns
Calendar-year total returns of Fidelity MSCI Materials Index ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +8.12% |
| 2025 | +12.21% |
| 2024 | +0.47% |
| 2023 | +13.67% |
| 2022 | −11.56% |
| 2021 | +27.63% |
| 2020 | +19.37% |
| 2019 (Aug–Dec) | +6.37% |
FMAT Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.5% | +8.4% | −7.3% | +3.0% | +0.1% | −1.2% | −2.6% | — | — | — | — | — |
| 2025 | +5.0% | −0.3% | −3.6% | −1.6% | +2.7% | +2.6% | 0.0% | +6.8% | −1.2% | −4.8% | +4.2% | +2.5% |
| 2024 | −4.0% | +5.9% | +6.2% | −4.9% | +3.8% | −4.1% | +5.8% | +1.3% | +2.8% | −2.6% | +3.1% | −11.1% |
| 2023 | +9.7% | −2.9% | −1.5% | −0.9% | −6.6% | +11.1% | +3.8% | −3.4% | −5.1% | −3.8% | +8.8% | +5.8% |
| 2022 | −7.0% | +0.5% | +5.8% | −4.0% | +1.1% | −14.3% | +7.0% | −3.1% | −10.2% | +9.7% | +11.2% | −5.4% |
| 2021 | −2.4% | +4.8% | +8.2% | +4.9% | +5.4% | −5.1% | +1.5% | +1.9% | −7.0% | +7.3% | −0.9% | +7.3% |
| 2020 | −6.5% | −9.0% | −15.3% | +15.3% | +7.3% | +2.0% | +6.9% | +4.5% | +0.2% | +0.4% | +12.7% | +3.8% |
| 2019 | — | — | — | — | — | — | — | −3.7% | +3.4% | +0.4% | +3.2% | +3.0% |
FMAT Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.93%
- 3-year Sharpe ratio: 0.17 (vs 4.5% risk-free rate)
- Best month: +8.75% (Nov 2023)
- Worst month: −11.10% (Dec 2024)
FMAT Fund Flows
Monthly money in and out of Fidelity MSCI Materials Index ETF, from SEC Form N-PORT.
- 12-month net flow: $109.5M
- 12-month gross sales (incl. reinvestments): $158.1M
- Sales ÷ redemptions: 3.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.9M | $32.4M | −$29.5M |
| Jun 2026 | $20.5M | $3.0M | $17.6M |
| May 2026 | $11.8M | $0 | $11.8M |
| Apr 2026 | $56.4M | $0 | $56.4M |
| Mar 2026 | $11.7M | $2.8M | $8.9M |
| Feb 2026 | $15.0M | $0 | $15.0M |
| Jan 2026 | $16.9M | $0 | $16.9M |
| Dec 2025 | $5.3M | $0 | $5.3M |
| Nov 2025 | $12.4M | $0 | $12.4M |
| Oct 2025 | $5.2M | $5.2M | $45K |
| Sep 2025 | $0 | $5.3M | −$5.3M |
| Aug 2025 | $0 | $0 | $0 |
FMAT Assets Under Management
Net assets of Fidelity MSCI Materials Index ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $578.67M |
| 2026-04-30 | $603.22M |
| 2026-01-31 | $507.30M |
| 2025-10-31 | $407.02M |
| 2025-07-31 | $411.71M |
| 2025-04-30 | $402.03M |
| 2025-01-31 | $558.84M |
| 2024-10-31 | $546.01M |
| 2024-07-31 | $538.23M |
| 2024-04-30 | $505.40M |
| 2024-01-31 | $467.28M |
| 2023-10-31 | $422.98M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.