FMAT - ETF AI Analysis
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Fidelity MSCI Materials Index ETF (FMAT)
FMAT’s rating suggests it is a solid, but not perfect, materials-sector ETF, supported by several strong, diversified industrial and commodity names. Higher-quality holdings like Newmont, Nucor, CRH, Steel Dynamics, and Vulcan Materials contribute positively through strong financial performance, growth prospects, and generally supportive technical trends, while weaker names such as Air Products, with profitability and cash flow challenges, and holdings facing bearish momentum or overvaluation concerns, hold the fund back somewhat. The main risk factor is the ETF’s concentration in the cyclical materials sector, where macroeconomic pressures and valuation issues can increase volatility and downside risk.
FMAT vs. SPDR S&P 500 ETF (SPY)
- AUM
- 586.48M
- Region
- North America
- Expense Ratio
- 0.08%
- Beta
- 0.80
- Issuer
- Fidelity
- Inception Date
- Oct 21, 2013
- Dividend Yield
- 1.43%
- Asset Class
- Equity
- Index Tracked
- MSCI USA IMI Materials 25/50 Index
FMAT Summary
FMAT is the Fidelity MSCI Materials Index ETF, which tracks the MSCI USA IMI Materials 25/50 Index. It focuses on U.S. materials companies that make things like chemicals, metals, and building materials—key ingredients for construction, manufacturing, and everyday products. Well-known holdings include Linde and Sherwin-Williams. An investor might choose FMAT to add diversification and potential growth tied to the long-term demand for raw materials. However, this fund is heavily tied to the materials sector, so its price can swing up and down with commodity prices and the overall economy.
How much will it cost me?
The Fidelity MSCI Materials Index ETF (FMAT) has an expense ratio of 0.084%, meaning you’ll pay $0.84 per year for every $1,000 invested. This is lower than average because it’s passively managed, tracking an index rather than relying on active management.
What would affect this ETF?
The FMAT ETF, focused on the U.S. materials sector, could benefit from increased infrastructure spending or demand for raw materials driven by economic growth, as its holdings include companies involved in chemicals, mining, and construction materials. However, it may face challenges from rising interest rates, which can increase borrowing costs for companies in the sector, or economic slowdowns that reduce demand for cyclical materials. Regulatory changes or environmental policies could also impact the profitability of top holdings like mining and chemical companies.
FMAT Top 10 Holdings
FMAT is a pure play on U.S. materials, and its story starts with heavyweight Linde, which has been losing steam lately and acting as a mild drag despite a solid year overall. The real muscle comes from rising metals names like Newmont, Freeport-McMoRan, Nucor, and Steel Dynamics, which have been powering performance as demand for commodities and steel stays firm. Sherwin-Williams and Ecolab are more steady, offering a smoother ride but not much spark. With most of its punch in chemicals and metals, this fund is tightly tied to the U.S. industrial cycle.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 LIN | Linde | 15.99% | $94.29M | $229.77B | 12.20% | 66Neutral |
 NEM | Newmont Mining | 8.70% | $51.32M | $124.97B | 20.69% | 81Outperform |
 FCX | Freeport-McMoRan | 6.93% | $40.88M | $99.86B | 66.76% | 67Neutral |
 SHW | Sherwin-Williams Company | 5.30% | $31.27M | $81.37B | 1.13% | 66Neutral |
 ECL | Ecolab | 5.08% | $29.92M | $80.98B | 6.75% | 66Neutral |
 APD | Air Products and Chemicals | 4.51% | $26.60M | $66.71B | 18.33% | 46Neutral |
 NUE | Nucor | 3.95% | $23.27M | $58.15B | 93.19% | 74Outperform |
 CRH | CRH plc | 3.88% | $22.85M | $55.64B | -28.48% | 76Outperform |
 VMC | Vulcan Materials | 2.32% | $13.67M | $33.38B | -13.03% | 77Outperform |
 STLD | Steel Dynamics | 2.29% | $13.48M | $34.48B | 68.62% | 76Outperform |
FMAT Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMAT, the sentiment is Positive. The current price of 57.53 is above the 20-day moving average (MA) of 56.68, below the 50-day MA of 58.43, and below the 200-day MA of 58.36, indicating a neutral trend. The MACD of -0.35 indicates Negative momentum. The RSI at 53.03 is Neutral, neither overbought nor oversold. The STOCH value of 67.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMAT.
FMAT Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| FMAT | $57.53 | $62.00(7.77% Upside) | $586.48M | 0.08% | 67Neutral |
 RSPH | $38.79 | $41.72(7.56% Upside) | $949.91M | 0.40% | 71Outperform |
 REZ | $89.81 | $101.60(13.13% Upside) | $795.63M | 0.48% | 70Neutral |
 QQH | $83.54 | $101.20(21.13% Upside) | $763.14M | 0.98% | 62Neutral |
 FXZ | $77.24 | $94.56(22.42% Upside) | $369.78M | 0.64% | 69Neutral |
 RSPM | $38.67 | $46.18(19.42% Upside) | $176.23M | 0.40% | 66Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FMAT | Fidelity MSCI Materials Index ETF | 57.53 | 6.42 | 12.56% | |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 38.79 | 8.27 | 27.11% | |
| REZ | iShares Residential and Multisector Real Estate ETF | 89.81 | 7.31 | 8.86% | |
| QQH | HCM Defender 100 Index ETF | 83.54 | 5.71 | 7.33% | |
| FXZ | First Trust Materials AlphaDEX Fund | 77.24 | 16.86 | 27.92% | |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 38.67 | 6.77 | 21.20% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.