ETF comparison
FMAT vs XLB
Both Materials.
Fidelity MSCI Materials Index ETF · State Street Materials Select Sector SPDR ETF
Holdings overlap
26 positions appear in both funds. Buying equal dollars of FMAT and XLB would leave roughly 75.1% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
Expense ratios are effectively identical (0.084% vs 0.080%).
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 XLB.
Top shared holdings
26 shared in total| # | Holding | In FMAT | In XLB | Overlap |
|---|---|---|---|---|
| 1 | Linde PLC | 14.99% | 14.42% | 14.42% |
| 2 | Newmont Corp | 7.77% | 7.36% | 7.36% |
| 3 | Freeport-McMoRan Inc | 5.32% | 5.26% | 5.26% |
| 4 | Sherwin-Williams Co/The | 4.85% | 4.60% | 4.60% |
| 5 | CRH PLC | 5.09% | 4.51% | 4.51% |
| 6 | Air Products and Chemicals Inc | 4.28% | 4.67% | 4.28% |
| 7 | Ecolab Inc | 4.26% | 4.29% | 4.26% |
| 8 | Corteva Inc | 3.51% | 4.75% | 3.51% |
| 9 | Nucor Corp | 3.30% | 4.39% | 3.30% |
| 10 | Vulcan Materials Co | 2.55% | 4.51% | 2.55% |
| 11 | Martin Marietta Materials Inc | 2.39% | 4.40% | 2.39% |
| 12 | Steel Dynamics Inc | 2.03% | 3.10% | 2.03% |
Only in FMAT
78 total- Amrize Ltd 1.72%
- Royal Gold Inc 1.26%
- Reliance Inc 1.21%
- Coeur Mining Inc 1.19%
- Alcoa Corp 1.06%
- RPM International Inc 0.84%
- Solstice Advanced Materials Inc 0.83%
- Hecla Mining Co 0.77%
- Crown Holdings Inc 0.73%
- Element Solutions Inc 0.63%
Only in XLB
1 total- State Street Global Advisors 0.01%
Open FMAT or XLB 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.