ETF comparison

FMAT vs PICK

Both Materials.

Fidelity MSCI Materials Index ETF · iShares MSCI Global Metals & Mining Producers ETF

Holdings overlap

Weighted by ISIN/CUSIP
14.3 %

27 positions appear in both funds. Buying equal dollars of FMAT and PICK would leave roughly 14.3% of each dollar exposed to the same underlying securities.

FMAT only 85.6% Shared 14.3% PICK only 85.6%
In FMAT only
77 positions
Shared
27 positions
In PICK only
208 positions

Side by side

FMAT

Fidelity MSCI Materials Index ETF

Fidelity · Materials

70 composite / 100
Expense ratio
0.084%
Net assets
$623.5M
TTM yield
1.45%
Top-10 conc.
55.9%
PICK

iShares MSCI Global Metals & Mining Producers ETF

iShares · Materials

66 composite / 100
Expense ratio
0.39%
Net assets
$2.20B
TTM yield
2.26%
Top-10 conc.
44.9%

Sub-score comparison

92
Cost
61
83
Tax efficiency
81
48
Liquidity
71
34
Concentration
50
Tracking quality
FMAT sub-score PICK

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

FMAT is 31 bps cheaper than PICK. On a $100,000 position that's about $306/yr more in fees for PICK.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FMAT vs PICK.

Top shared holdings

27 shared in total
# Holding In FMAT In PICK Overlap
1 Freeport-McMoRan Inc 5.32% 5.76% 5.32%
2 Nucor Corp 3.30% 2.39% 2.39%
3 Steel Dynamics Inc 2.03% 1.59% 1.59%
4 Reliance Inc 1.21% 0.98% 0.98%
5 Alcoa Corp 1.06% 0.95% 0.95%
6 MP Materials Corp 0.60% 0.49% 0.49%
7 Commercial Metals Co 0.49% 0.48% 0.48%
8 Cleveland-Cliffs Inc 0.37% 0.36% 0.36%
9 Warrior Met Coal Inc 0.30% 0.26% 0.26%
10 Materion Corp 0.24% 0.20% 0.20%
11 Constellium SE 0.25% 0.18% 0.18%
12 Century Aluminum Co 0.21% 0.17% 0.17%

Only in FMAT

77 total
  • Linde PLC 14.99%
  • Newmont Corp 7.77%
  • CRH PLC 5.09%
  • Sherwin-Williams Co/The 4.85%
  • Air Products and Chemicals Inc 4.28%
  • Ecolab Inc 4.26%
  • Corteva Inc 3.51%
  • Vulcan Materials Co 2.55%
  • Martin Marietta Materials Inc 2.39%
  • Dow Inc 1.84%

Only in PICK

208 total
  • BHP GROUP LIMITED 12.15%
  • RIO TINTO PLC 6.59%
  • GLENCORE PLC 4.28%
  • VALE S.A. 3.69%
  • ANGLO AMERICAN PLC 3.29%
  • RIO TINTO LIMITED 2.60%
  • Grupo Mexico, S.A.B. de C.V. 2.33%
  • VALTERRA PLATINUM LIMITED 1.84%
  • ArcelorMittal SA 1.81%
  • Teck Resources Limited 1.58%

Open FMAT or PICK at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.