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XLBI vs FMAT
State Street Materials Select Sector SPDR Premium Income ETF vs Fidelity MSCI Materials Index ETF
Key differences
- FMAT costs 0.27% less per year.
- FMAT is significantly larger than XLBI — larger funds tend to be more liquid and less likely to close.
- XLBI is classified as alternative, while FMAT is equity — different risk/return profiles.
- XLBI follows a option income strategy; FMAT uses index tracking.
- FMAT has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| XLBI | FMAT | |
|---|---|---|
| Annual cost (TER) | 0.35% | 0.08% |
| Fund size (AUM) | $6M | $603M |
| Since | 2025 | 2013 |
| Dividend yield | — | 1.43% |
| Asset class | alternative | equity |
| Region | north america | north america |
| Strategy | option income | index tracking |
| CAGR 1Y | N/A | +22.0% |
| CAGR 3Y | N/A | +11.7% |
| CAGR 5Y | N/A | +4.9% |
| Sharpe 3Y | N/A | 0.52 |
| Volatility 1Y | — | 17.69% |
| Max drawdown | -10.63% | -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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