ETF comparison
FMAT vs PICK
Both Materials.
Fidelity MSCI Materials Index ETF · iShares MSCI Global Metals & Mining Producers ETF
Holdings overlap
27 positions appear in both funds. Buying equal dollars of FMAT and PICK would leave roughly 14.3% 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
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
27 shared in total| # | Holding | In FMAT | In PICK | Overlap |
|---|---|---|---|---|
| 1 | Freeport-McMoRan Inc | 5.32% | 5.76% | 5.32% |
| 2 | Nucor Corp | 3.30% | 2.39% | 2.39% |
| 3 | Steel Dynamics Inc | 2.03% | 1.59% | 1.59% |
| 4 | Reliance Inc | 1.21% | 0.98% | 0.98% |
| 5 | Alcoa Corp | 1.06% | 0.95% | 0.95% |
| 6 | MP Materials Corp | 0.60% | 0.49% | 0.49% |
| 7 | Commercial Metals Co | 0.49% | 0.48% | 0.48% |
| 8 | Cleveland-Cliffs Inc | 0.37% | 0.36% | 0.36% |
| 9 | Warrior Met Coal Inc | 0.30% | 0.26% | 0.26% |
| 10 | Materion Corp | 0.24% | 0.20% | 0.20% |
| 11 | Constellium SE | 0.25% | 0.18% | 0.18% |
| 12 | Century Aluminum Co | 0.21% | 0.17% | 0.17% |
Only in FMAT
77 total- Linde PLC 14.99%
- Newmont Corp 7.77%
- 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%
- Vulcan Materials Co 2.55%
- Martin Marietta Materials Inc 2.39%
- Dow Inc 1.84%
Only in PICK
208 total- BHP GROUP LIMITED 12.15%
- RIO TINTO PLC 6.59%
- GLENCORE PLC 4.28%
- VALE S.A. 3.69%
- ANGLO AMERICAN PLC 3.29%
- RIO TINTO LIMITED 2.60%
- Grupo Mexico, S.A.B. de C.V. 2.33%
- VALTERRA PLATINUM LIMITED 1.84%
- ArcelorMittal SA 1.81%
- Teck Resources Limited 1.58%
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.