ETF comparison
FMATvsVAW
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 roughly96.4%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 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 thecost calculator pre-filled with FMAT vs VAW.
Top shared holdings
97 shared in total| # | Holding | In FMAT | In VAW | Overlap |
|---|---|---|---|---|
| 1 | Linde PLC | 14.99% | 14.92% | 14.92% |
| 2 | Newmont Corp | 7.77% | 7.69% | 7.69% |
| 3 | Freeport-McMoRan Inc | 5.32% | 6.06% | 5.32% |
| 4 | CRH PLC | 5.09% | 4.68% | 4.68% |
| 5 | Sherwin-Williams Co/The | 4.85% | 4.59% | 4.59% |
| 6 | Ecolab Inc | 4.26% | 4.19% | 4.19% |
| 7 | Air Products and Chemicals Inc | 4.28% | 3.81% | 3.81% |
| 8 | Corteva Inc | 3.51% | 3.40% | 3.40% |
| 9 | Nucor Corp | 3.30% | 3.67% | 3.30% |
| 10 | Vulcan Materials Co | 2.55% | 2.40% | 2.40% |
| 11 | Martin Marietta Materials Inc | 2.39% | 2.25% | 2.25% |
| 12 | Steel Dynamics Inc | 2.03% | 2.32% | 2.03% |
Only in FMAT
7 total- State Street Global Advisors0.16%
- Hycroft Mining Holding Corp0.11%
- NioCorp Developments Ltd0.06%
- Trilogy Metals Inc0.03%
- American Battery Technology Co0.03%
- Greif Inc0.02%
- Eightco Holdings Inc0.00%
Only in VAW
13 total- Myers Industries Inc0.05%
- LSB Industries Inc0.04%
- AdvanSix Inc0.04%
- Mativ Holdings Inc0.03%
- Aspen Aerogels Inc0.03%
- Intrepid Potash Inc0.03%
- Orion SA0.03%
- Magnera Corp0.02%
- Ranpak Holdings Corp0.02%
- Clearwater Paper Corp0.02%
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 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.