ETF comparison
FMATvsGUNR
Both Materials.
Fidelity MSCI Materials Index ETF · Northern Trust Morningstar Global Upstream Natural Resources ETF
Holdings overlap
6 positions appear in both funds. Buying equal dollars of FMAT and GUNR would leave roughly9.0%of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — seewhat we don't scorefor why.
Cost difference
FMAT is 38 bps cheaper than GUNR. On a $100,000 position that's about $376/yr more in fees for GUNR.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with FMAT vs GUNR.
Top shared holdings
6 shared in total| # | Holding | In FMAT | In GUNR | Overlap |
|---|---|---|---|---|
| 1 | Corteva Inc | 3.51% | 5.00% | 3.51% |
| 2 | Newmont Corp | 7.77% | 2.05% | 2.05% |
| 3 | Freeport-McMoRan Inc | 5.32% | 1.42% | 1.42% |
| 4 | CF Industries Holdings Inc | 1.24% | 1.65% | 1.24% |
| 5 | Mosaic Co/The | 0.47% | 0.70% | 0.47% |
| 6 | Royal Gold Inc | 1.26% | 0.31% | 0.31% |
Only in FMAT
98 total- Linde PLC14.99%
- CRH PLC5.09%
- Sherwin-Williams Co/The4.85%
- Air Products and Chemicals Inc4.28%
- Ecolab Inc4.26%
- Nucor Corp3.30%
- Vulcan Materials Co2.55%
- Martin Marietta Materials Inc2.39%
- Steel Dynamics Inc2.03%
- Dow Inc1.84%
Only in GUNR
134 total- Exxon Mobil Corp.4.96%
- Nutrien Ltd.4.83%
- BHP Group Ltd.4.16%
- Shell plc3.89%
- Chevron Corp.3.78%
- Archer-Daniels-Midland Co.3.25%
- TotalEnergies SE2.87%
- Rio Tinto plc2.24%
- Agnico Eagle Mines Ltd.1.99%
- BP plc1.81%
Open FMAT or GUNR 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 methodologyand 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.