FMAT vs VYM
Fidelity MSCI Materials Index ETF vs Vanguard High Dividend Yield ETF
Which is better, FMAT or VYM?
Mid Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.08% | 0.04%Best |
| AUM | $579M | $81.6B |
| Dividend Yield | 1.37% | 2.22% |
| Holdings | 104 | 613 |
| YTD Return | +6.16% | +11.47%Best |
| 1Y Return | +9.09% | +15.94%Best |
| 3Y Return (annualized) | +10.53% | +18.03%Best |
| 5Y Return (annualized) | +6.96% | +12.35%Best |
| Volatility (annualized) | 19.2% | 13.5%Best |
| Max Drawdown | -43.9% | -35.7%Best |
| $10,000 over 5 years | $13,999 | $17,901Best |
| Top 10 Weight | 57.2% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Oct 21, 2013 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 21, 2026 (12.9 years).
FMAT vs VYM 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 VYM Performance
Fidelity MSCI Materials Index ETF (FMAT) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FMAT returned +9.09% while VYM returned +15.94%. Year to date, FMAT is up 6.16% versus a gain of 11.47% for VYM.
Over three years, FMAT compounded at +10.53% per year against +18.03% for VYM; over five years the annualized figures are +6.96% and +12.35% respectively. Across the full 13-year window we track, VYM has the edge at +9.23% 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 13.5% for VYM. 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 -35.7% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $8 vs $4 annually, a gap of $4 per year that compounds over a long holding period. On income, FMAT currently yields 1.37% against 2.22% for VYM.
Holdings Overlap
56.0% of FMAT's money is in holdings VYM also owns. 3.4% of VYM's money is in holdings FMAT also owns.
The two portfolios partly overlap.
38 positions in common, counted across the 102 positions we hold weights for in FMAT and 557 in VYM, against full books of 104 and 613.
What only one of them owns
Our book lists 494 positions for VYM that do not appear in our book for FMAT (94.1% of the fund), and 57 for FMAT that do not appear in VYM (34.0%).
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 VYM | Difference |
|---|---|---|---|
| LINLinde Plc Ordinary Shares | 14.48% | 0.90% | 13.58% |
| NEMNewmont Corp Common | 8.53% | 0.41% | 8.12% |
| APDAir Products & Chemicals Inc. | 4.30% | 0.26% | 4.04% |
| CRH:LNCrh Plc - Common | 4.03% | 0.26% | 3.77% |
| NUENucor Corp. | 3.54% | 0.23% | 3.31% |
| PPGPpg Industries Inc. | 1.60% | 0.10% | 1.50% |
| SWR:IESmurfit Westrock Plc | 1.57% | 0.10% | 1.47% |
| DOWDow Inc. | 1.41% | 0.09% | 1.32% |
| IFFInternational Flavors & Fragrances Inc. | 1.37% | 0.08% | 1.29% |
| AMCRAmcor Ltd. | 1.36% | 0.08% | 1.28% |
56.0% of FMAT is already inside VYM.
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 VYM?
FMAT has an expense ratio of 0.08% while VYM charges 0.04%. VYM is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, FMAT or VYM?
Over the past year FMAT returned +9.09% vs +15.94% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (13 years), FMAT annualized +7.27% vs +9.23% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAT or VYM?
FMAT has been the more volatile fund at 19.2% annualized versus 13.5% for VYM. Worst drawdown: FMAT -43.9% vs VYM -35.7%.
Should I hold both FMAT and VYM?
FMAT and VYM 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.
What is the holdings overlap between FMAT and VYM?
56.0% of FMAT's money is in holdings VYM also owns. 3.4% of VYM's is in holdings FMAT also owns. They hold 38 positions in common, counted across the 102 positions we hold weights for in FMAT and 557 in VYM.
Which pays a higher dividend, FMAT or VYM?
FMAT yields 1.37% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FMAT?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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.