FMAT vs VTI
Fidelity MSCI Materials Index ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FMAT or VTI?
Mid Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% 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 | VTI |
|---|---|---|
| Expense Ratio | 0.08% | 0.03%Best |
| AUM | $579M | $666.9B |
| Dividend Yield | 1.37% | 1.03% |
| Holdings | 104 | 3,543 |
| YTD Return | +5.53% | +12.43%Best |
| 1Y Return | +9.98% | +15.92%Best |
| 3Y Return (annualized) | +10.20% | +22.42%Best |
| 5Y Return (annualized) | +6.34% | +12.37%Best |
| Volatility (annualized) | 19.2% | 14.9%Best |
| Max Drawdown | -43.9% | -35.0%Best |
| $10,000 over 5 years | $13,598 | $17,916Best |
| Top 10 Weight | 57.2% | 33.3%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Oct 21, 2013 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 28, 2026 (12.9 years).
FMAT vs VTI 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 VTI Performance
Fidelity MSCI Materials Index ETF (FMAT) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FMAT returned +9.98% while VTI returned +15.92%. Year to date, FMAT is up 5.53% versus a gain of 12.43% for VTI.
Over three years, FMAT compounded at +10.20% per year against +22.42% for VTI; over five years the annualized figures are +6.34% and +12.37% respectively. Across the full 13-year window we track, VTI has the edge at +12.22% annualized vs +7.21%.
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 14.9% for VTI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMAT charges 0.08% per year while VTI charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, FMAT currently yields 1.37% against 1.03% for VTI.
Holdings Overlap
88.5% of FMAT's money is in holdings VTI also owns. 1.8% of VTI's money is in holdings FMAT also owns.
Most of FMAT is already inside VTI. Owning both mostly buys the same companies twice.
92 positions in common, counted across the 102 positions we hold weights for in FMAT and 3,463 in VTI, against full books of 104 and 3,543.
What only one of them owns
Our book lists 1,103 positions for VTI that do not appear in our book for FMAT (95.8% of the fund), and 3 for FMAT that do not appear in VTI (1.5%).
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.
Top Shared Holdings
| Stock | Weight in FMAT | Weight in VTI | Difference |
|---|---|---|---|
| LINLinde Plc Ordinary Shares | 14.48% | 0.31% | 14.17% |
| NEMNewmont Corp Common | 8.53% | 0.14% | 8.39% |
| SHWSherwin Williams Co/the | 4.94% | 0.11% | 4.83% |
| ECLEcolab, Inc. | 4.59% | 0.10% | 4.49% |
| APDAir Products & Chemicals Inc. | 4.30% | 0.09% | 4.21% |
| CRH:LNCrh Plc - Common | 4.03% | 0.09% | 3.94% |
| CTVACorteva Inc Ctva | 3.62% | 0.07% | 3.55% |
| NUENucor Corp. | 3.54% | 0.08% | 3.46% |
| VMCVulcan Materials Co. | 2.24% | 0.05% | 2.19% |
| STLDSteel Dynamics, Inc. | 2.04% | 0.05% | 1.99% |
88.5% of FMAT is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMAT or VTI?
FMAT has an expense ratio of 0.08% while VTI charges 0.03%. VTI is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, FMAT or VTI?
Over the past year FMAT returned +9.98% vs +15.92% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (13 years), FMAT annualized +7.21% vs +12.22% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAT or VTI?
FMAT has been the more volatile fund at 19.2% annualized versus 14.9% for VTI. Worst drawdown: FMAT -43.9% vs VTI -35.0%.
Should I hold both FMAT and VTI?
FMAT and VTI have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMAT and VTI?
88.5% of FMAT's money is in holdings VTI also owns. 1.8% of VTI's is in holdings FMAT also owns. They hold 92 positions in common, counted across the 102 positions we hold weights for in FMAT and 3,463 in VTI.
Which pays a higher dividend, FMAT or VTI?
FMAT yields 1.37% while VTI yields 1.03%, so FMAT currently pays the higher dividend yield.
Is VTI better than FMAT?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% 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.