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 75.0% 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
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 | 14.94% | 14.06% | 14.06% |
| 2 | Newmont Corp | 6.82% | 5.84% | 5.84% |
| 3 | Freeport-McMoRan Inc | 6.07% | 5.30% | 5.30% |
| 4 | Sherwin-Williams Co/The | 5.40% | 4.94% | 4.94% |
| 5 | Ecolab Inc | 4.76% | 4.73% | 4.73% |
| 6 | CRH PLC | 4.29% | 4.67% | 4.29% |
| 7 | Air Products and Chemicals Inc | 4.21% | 4.62% | 4.21% |
| 8 | Nucor Corp | 3.85% | 3.88% | 3.85% |
| 9 | Corteva Inc | 3.56% | 4.96% | 3.56% |
| 10 | Vulcan Materials Co | 2.36% | 4.72% | 2.36% |
| 11 | Steel Dynamics Inc | 2.33% | 3.73% | 2.33% |
| 12 | Martin Marietta Materials Inc | 2.13% | 4.55% | 2.13% |
Only in FMAT
75 total- Amrize Ltd 1.64%
- Reliance Inc 1.40%
- Royal Gold Inc 1.13%
- Coeur Mining Inc 1.04%
- RPM International Inc 0.92%
- Crown Holdings Inc 0.89%
- Alcoa Corp 0.81%
- Solstice Advanced Materials Inc 0.64%
- Hecla Mining Co 0.64%
- AptarGroup Inc 0.58%
Only in XLB
0 totalEvery XLB position is also held by FMAT.
Related comparisons
More comparisons with FMAT
- FMAT vs XME · State Street SPDR S&P Metals & Mining ETF 22.8%
- FMAT vs PICK · iShares MSCI Global Metals & Mining Producers ETF 16.0%
- 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%
More comparisons with XLB
- XLB vs VAW · Vanguard Materials Index Fund ETF Shares 71.5%
- XLB vs XME · State Street SPDR S&P Metals & Mining ETF 15.8%
- XLB vs GUNR · Northern Trust Morningstar Global Upstream Natural Resources ETF 10.8%
- XLB vs PICK · iShares MSCI Global Metals & Mining Producers ETF 10.7%
- XLB vs GDX · VanEck Gold Miners ETF 5.8%
- XLB vs COPX · Global X Copper Miners ETF 4.8%
Percentages are holdings overlap with the named fund.
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.