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FMAT - ETF AI Analysis
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Fidelity MSCI Materials Index ETF (FMAT)
Rating:68Neutral
Price Target:―
Positive Factors
Recent Strong Performance
The ETF has shown solid gains over the past month, three months, and year-to-date, indicating positive recent momentum.
Low Expense Ratio
The fund charges a relatively low fee, which helps investors keep more of their returns over time.
Broad Materials Exposure with Several Strong Holdings
The ETF holds a range of materials companies, and several of its larger positions have delivered strong year-to-date performance, supporting the fund’s results.
Negative Factors
Heavy Concentration in Materials Sector
With the vast majority of assets in the materials sector, the fund is highly sensitive to downturns in this single part of the market.
High U.S. Market Concentration
Most of the ETF’s holdings are in U.S. companies, offering limited geographic diversification.
Notable Lagging Top Holding
One of the top positions, CRH plc, has shown weak year-to-date performance, which can drag on overall returns if the stock continues to struggle.
FMAT vs. SPDR S&P 500 ETF (SPY)
AUM541.22M
RegionNorth America
Expense Ratio0.08%
Beta0.84
IssuerFidelity
Inception DateOct 21, 2013
Dividend Yield1.5%
Asset ClassEquity
Index TrackedMSCI USA IMI Materials 25/50 Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume55,473
30 Day Avg. Volume49,866
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
67.03Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering105
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMAT Summary
FMAT is the Fidelity MSCI Materials Index ETF, which follows the MSCI USA IMI Materials 25/50 Index. It focuses on U.S. materials companies that make chemicals, metals, and other basic building blocks used in construction, manufacturing, and many everyday products. Well-known holdings include Linde and Sherwin-Williams. Investors might consider FMAT if they want targeted exposure to the materials sector for potential growth and diversification away from just tech or consumer stocks. A key risk is that materials stocks are cyclical, so the ETF’s value can rise and fall sharply with the economy and commodity prices.
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 very much a U.S. materials story, with a heavy tilt toward chemicals and miners that makes it ride the same economic waves as construction and manufacturing. Linde sits in the driver’s seat, steadily rising and doing much of the heavy lifting for returns. Newmont and Freeport-McMoRan add a strong, if sometimes volatile, boost as metals prices cooperate. On the more mixed side, Sherwin-Williams and CRH are contributing, but not quite firing on all cylinders, keeping overall performance solid rather than spectacular.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Linde | 14.79% | $79.48M | $224.63B | 3.41% | 66 Neutral | |
| Newmont Mining | 8.19% | $44.00M | $126.51B | 165.08% | 81 Outperform | |
| Freeport-McMoRan | 5.81% | $31.25M | $85.31B | 60.69% | 67 Neutral | |
| Sherwin-Williams Company | 5.11% | $27.44M | $81.74B | -9.28% | 66 Neutral | |
| CRH plc | 4.81% | $25.86M | £53.51B | 7.23% | 76 Outperform | |
| Ecolab | 4.73% | $25.41M | $79.71B | 4.99% | 66 Neutral | |
| Air Products and Chemicals | 3.98% | $21.37M | $60.60B | -13.98% | 46 Neutral | |
| Corteva | 3.34% | $17.98M | $51.76B | 27.08% | 75 Outperform | |
| Nucor | 2.55% | $13.68M | $38.44B | 26.20% | 74 Outperform | |
| Martin Marietta Materials | 2.47% | $13.26M | $36.79B | 32.49% | 73 Outperform |
FMAT Technical Analysis
Neutral
―
Price Trends
58.74
Negative
54.93
Positive
52.91
Positive
Market Momentum
0.11
Positive
38.74
Neutral
16.34
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMAT, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 61.19, equal to the 50-day MA of 58.74, and equal to the 200-day MA of 52.91, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 38.74 is Neutral, neither overbought nor oversold. The STOCH value of 16.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FMAT.
FMAT Peer Comparison
Comparison Results
Performance Comparison
FMAT
Fidelity MSCI Materials Index ETF
58.22
10.74
22.62%
RSPN
Invesco S&P 500 Equal Weight Industrials ETF
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FXH
First Trust Health Care AlphaDEX Fund
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FXZ
First Trust Materials AlphaDEX Fund
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RSPM
Invesco S&P 500 Equal Weight Materials ETF
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PYZ
Invesco DWA Basic Materials Momentum ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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.Date of analysis: ―
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