ETF comparison
FMAT vs PICK
Both Materials.
Fidelity MSCI Materials Index ETF · iShares MSCI Global Metals & Mining Producers ETF
Holdings overlap
26 positions appear in both funds. Buying equal dollars of FMAT and PICK would leave roughly 16.0% 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 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
26 shared in total| # | Holding | In FMAT | In PICK | Overlap |
|---|---|---|---|---|
| 1 | Freeport-McMoRan Inc | 6.07% | 5.44% | 5.44% |
| 2 | Nucor Corp | 3.85% | 3.30% | 3.30% |
| 3 | Steel Dynamics Inc | 2.33% | 2.08% | 2.08% |
| 4 | Reliance Inc | 1.40% | 1.15% | 1.15% |
| 5 | Alcoa Corp | 0.81% | 1.16% | 0.81% |
| 6 | Commercial Metals Co | 0.51% | 0.49% | 0.49% |
| 7 | Cleveland-Cliffs Inc | 0.44% | 0.44% | 0.44% |
| 8 | MP Materials Corp | 0.40% | 0.53% | 0.40% |
| 9 | Warrior Met Coal Inc | 0.28% | 0.29% | 0.28% |
| 10 | Materion Corp | 0.29% | 0.26% | 0.26% |
| 11 | Constellium SE | 0.23% | 0.25% | 0.23% |
| 12 | Century Aluminum Co | 0.20% | 0.21% | 0.20% |
Only in FMAT
75 total- Linde PLC 14.94%
- Newmont Corp 6.82%
- Sherwin-Williams Co/The 5.40%
- Ecolab Inc 4.76%
- CRH PLC 4.29%
- Air Products and Chemicals Inc 4.21%
- Corteva Inc 3.56%
- Vulcan Materials Co 2.36%
- Martin Marietta Materials Inc 2.13%
- PPG Industries Inc 1.67%
Only in PICK
223 total- BHP GROUP LIMITED 13.03%
- RIO TINTO PLC 6.91%
- GLENCORE PLC 4.37%
- ANGLO AMERICAN PLC 3.45%
- VALE S.A. 3.43%
- RIO TINTO LIMITED 2.86%
- Grupo Mexico, S.A.B. de C.V. 2.23%
- Teck Resources Limited 1.75%
- ArcelorMittal SA 1.69%
- FORTESCUE LTD 1.57%
Related comparisons
More comparisons with FMAT
- 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%
- FMAT vs GDXJ · VanEck Junior Gold Miners ETF 1.9%
- FMAT vs URA · Global X Uranium ETF 0.0%
- FMAT vs URNM · Sprott Uranium Miners ETF 0.0%
More comparisons with PICK
- PICK vs XME · State Street SPDR S&P Metals & Mining ETF 15.1%
- PICK vs XLB · State Street Materials Select Sector SPDR ETF 10.7%
- PICK vs URA · Global X Uranium ETF 2.5%
- PICK vs GDXJ · VanEck Junior Gold Miners ETF 0.8%
- PICK vs GDX · VanEck Gold Miners ETF 0.5%
- PICK vs URNM · Sprott Uranium Miners ETF 0.0%
Percentages are holdings overlap with the named fund.
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.