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FRNW vs FMAT
Fidelity Clean Energy ETF vs Fidelity MSCI Materials Index ETF
Key differences
- FMAT costs 0.31% less per year.
- FMAT is significantly larger than FRNW — larger funds tend to be more liquid and less likely to close.
- Over the last 3 years, FMAT has delivered higher annualized returns.
- FMAT has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FRNW | FMAT | |
|---|---|---|
| Annual cost (TER) | 0.39% | 0.08% |
| Fund size (AUM) | $141M | $603M |
| Since | 2021 | 2013 |
| Dividend yield | 1.01% | 1.43% |
| Asset class | equity | equity |
| Region | — | north america |
| Strategy | index tracking | index tracking |
| CAGR 1Y | +84.9% | +22.0% |
| CAGR 3Y | +9.2% | +11.7% |
| CAGR 5Y | N/A | +4.9% |
| Sharpe 3Y | 0.33 | 0.52 |
| Volatility 1Y | 25.62% | 17.69% |
| Max drawdown | -59.37% | -41.11% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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