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ETF comparison

FMAT vs URNM

Both Materials.

Fidelity MSCI Materials Index ETF · Sprott Uranium Miners ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.1 %

1 positions appear in both funds. Buying equal dollars of FMAT and URNM would leave roughly 0.1% of each dollar exposed to the same underlying securities.

FMAT only 99.9% Shared 0.1% URNM only 99.6%
In FMAT only
103 positions
Shared
1 positions
In URNM only
26 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%
URNM

Sprott Uranium Miners ETF

Sprott · Materials

43 composite / 100
Expense ratio
0.75%
Net assets
$1.90B
TTM yield
3.43%
Top-10 conc.
78.3%

Sub-score comparison

92
Cost
25
83
Tax efficiency
79
48
Liquidity
69
34
Concentration
2
—
Tracking quality
—
FMAT sub-score URNM

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

Cost difference

FMAT is 67 bps cheaper than URNM. On a $100,000 position that's about $666/yr more in fees for URNM.

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 URNM.

Top shared holdings

1 shared in total
# Holding In FMAT In URNM Overlap
1 State Street Global Advisors 0.16% 0.07% 0.07%

Only in FMAT

103 total
  • Linde PLC 14.99%
  • Newmont Corp 7.77%
  • Freeport-McMoRan Inc 5.32%
  • 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%
  • Nucor Corp 3.30%
  • Vulcan Materials Co 2.55%

Only in URNM

26 total
  • Cameco Corp 20.60%
  • Sprott Physical Uranium Trust 13.55%
  • Nexgen Energy Ltd 12.60%
  • Uranium Energy Corp 4.91%
  • Nac Kazatomprom Jsc 4.70%
  • Denison Mines Corp 4.69%
  • Energy Fuels Inc/canada 4.67%
  • Paladin Energy Ltd 4.39%
  • Cgn Mining Co Ltd 4.17%
  • Yellow Cake Plc 4.01%

Open FMAT or URNM at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.