ETF comparison
FMAT vs VAW
Both Materials.
Fidelity MSCI Materials Index ETF · Vanguard Materials Index Fund ETF Shares
Holdings overlap
97 positions appear in both funds. Buying equal dollars of FMAT and VAW would leave roughly 94.9% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
FMAT is 1 bps cheaper than VAW. On a $100,000 position that's about $6/yr more in fees for VAW.
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 VAW.
Top shared holdings
97 shared in total| # | Holding | In FMAT | In VAW | Overlap |
|---|---|---|---|---|
| 1 | Linde PLC | 14.94% | 14.62% | 14.62% |
| 2 | Newmont Corp | 6.82% | 8.77% | 6.82% |
| 3 | Freeport-McMoRan Inc | 6.07% | 7.01% | 6.07% |
| 4 | Sherwin-Williams Co/The | 5.40% | 5.13% | 5.13% |
| 5 | Ecolab Inc | 4.76% | 4.64% | 4.64% |
| 6 | CRH PLC | 4.29% | 4.07% | 4.07% |
| 7 | Air Products and Chemicals Inc | 4.21% | 4.03% | 4.03% |
| 8 | Nucor Corp | 3.85% | 3.57% | 3.57% |
| 9 | Corteva Inc | 3.56% | 3.66% | 3.56% |
| 10 | Vulcan Materials Co | 2.36% | 2.27% | 2.27% |
| 11 | Steel Dynamics Inc | 2.33% | 2.06% | 2.06% |
| 12 | Martin Marietta Materials Inc | 2.13% | 2.01% | 2.01% |
Only in FMAT
4 total- DuPont de Nemours Inc 1.26%
- NioCorp Developments Ltd 0.04%
- Greif Inc 0.03%
- Trilogy Metals Inc 0.02%
Only in VAW
13 total- Myers Industries Inc 0.07%
- Mativ Holdings Inc 0.04%
- Rayonier Advanced Materials Inc 0.03%
- AdvanSix Inc 0.03%
- Magnera Corp 0.03%
- Intrepid Potash Inc 0.03%
- Aspen Aerogels Inc 0.02%
- Flotek Industries Inc 0.02%
- Orion SA 0.02%
- Clearwater Paper Corp 0.02%
Related comparisons
More comparisons with FMAT
- FMAT vs XLB · State Street Materials Select Sector SPDR ETF 75.0%
- FMAT vs XME · State Street SPDR S&P Metals & Mining ETF 22.8%
- FMAT vs PICK · iShares MSCI Global Metals & Mining Producers ETF 16.1%
- FMAT vs GDX · VanEck Gold Miners ETF 9.6%
- FMAT vs GUNR · Northern Trust Morningstar Global Upstream Natural Resources ETF 9.5%
- FMAT vs COPX · Global X Copper Miners ETF 4.8%
More comparisons with VAW
- VAW vs XLB · State Street Materials Select Sector SPDR ETF 72.2%
- VAW vs XME · State Street SPDR S&P Metals & Mining ETF 23.3%
- VAW vs PICK · iShares MSCI Global Metals & Mining Producers ETF 16.4%
- VAW vs GDX · VanEck Gold Miners ETF 12.4%
- VAW vs GUNR · Northern Trust Morningstar Global Upstream Natural Resources ETF 9.6%
- VAW vs COPX · Global X Copper Miners ETF 4.8%
Percentages are holdings overlap with the named fund.
Open FMAT or VAW 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.