FMAT vs SCHD
Fidelity MSCI Materials Index ETF vs Schwab US Dividend Equity ETF
Which is better, FMAT or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 57.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMAT | SCHD |
|---|---|---|
| Expense Ratio | 0.08% | 0.06%Best |
| AUM | $579M | $112.1B |
| Dividend Yield | 1.37% | 3.00% |
| Holdings | 104 | 103 |
| YTD Return | +6.16% | +23.60%Best |
| 1Y Return | +9.09% | +28.29%Best |
| 3Y Return (annualized) | +10.53% | +16.25%Best |
| 5Y Return (annualized) | +6.96% | +10.25%Best |
| Volatility (annualized) | 19.2% | 14.3%Best |
| Max Drawdown | -43.9% | -33.4%Best |
| $10,000 over 5 years | $13,999 | $16,289Best |
| Top 10 Weight | 57.2% | 41.8%Best |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Oct 21, 2013 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 21, 2026 (12.9 years).
FMAT vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
FMAT vs SCHD Performance
Fidelity MSCI Materials Index ETF (FMAT) is an ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FMAT returned +9.09% while SCHD returned +28.29%. Year to date, FMAT is up 6.16% versus a gain of 23.60% for SCHD.
Over three years, FMAT compounded at +10.53% per year against +16.25% for SCHD; over five years the annualized figures are +6.96% and +10.25% respectively. Across the full 13-year window we track, SCHD has the edge at +10.22% annualized vs +7.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAT has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 14.3% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.9% for FMAT and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMAT charges 0.08% per year while SCHD charges 0.06%. On a $10,000 position that is $8 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, FMAT currently yields 1.37% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 102 holdings in FMAT and 100 in SCHD, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in FMAT and 100 in SCHD, against full books of 104 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for FMAT (99.9% of the fund), and 93 for FMAT that do not appear in SCHD (84.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FMAT and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMAT or SCHD?
FMAT has an expense ratio of 0.08% while SCHD charges 0.06%. SCHD is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, FMAT or SCHD?
Over the past year FMAT returned +9.09% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), FMAT annualized +7.27% vs +10.22% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAT or SCHD?
FMAT has been the more volatile fund at 19.2% annualized versus 14.3% for SCHD. Worst drawdown: FMAT -43.9% vs SCHD -33.4%.
Should I hold both FMAT and SCHD?
FMAT and SCHD have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FMAT or SCHD?
FMAT yields 1.37% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FMAT?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.