AVUV vs FMAT: Holdings Overlap
AVUVAvantis U.S. Small Cap Value ETF
Avantis · 795 holdings · $30.2B · as of 2026-05-31
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
Holdings snapshots are 31 days apart (AVUV: 2026-05-31, FMAT: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVUV and FMAT?
Avantis U.S. Small Cap Value ETF (AVUV, by Avantis) holds 795 positions; Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103. They have 28 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 28AVUV holds 795 · FMAT holds 103
- Weight in Shared Holdings
- AVUV 5%·FMAT 5%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVUV
767 of 795 positions (95.2% of the fund) are not held by FMAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVUV | FMAT |
|---|---|---|
| Materials | 5.0% | 99.5% |
| Financials | 24.6% | 0.0% |
| Consumer Discretionary | 17.5% | 0.0% |
| Energy | 15.0% | 0.3% |
| Industrials | 14.3% | 0.0% |
| Other Sectors | 19.1% | 0.0% |
| Unclassified | 4.3% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of AVUV, 0% of FMAT).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVUV | +3.0% | +25.2% | +39.5% | +16.7% | +13.2% | — | 1.23% |
| FMAT | +3.2% | +14.7% | +20.8% | +10.3% | +6.9% | +10.0% | 1.38% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVUV vs FMAT →
Shared Holdings(28)
The top 10 shared positions account for 69% of the overlap, led by NEU, LPX and CBT.
 NEUNewMarket Corp | 0.42% | 0.35% | 0.35% |
|---|---|---|---|
 LPXLouisiana-Pacific Corp | 0.26% | 0.29% | 0.26% |
 CBTCabot Corp | 0.70% | 0.26% | 0.26% |
 CCChemours Co/The | 0.28% | 0.26% | 0.26% |
 MTRNMaterion Corp | 0.30% | 0.24% | 0.24% |
 HCCWarrior Met Coal Inc | 0.18% | 0.30% | 0.18% |
 KALUKaiser Aluminum Corp | 0.23% | 0.18% | 0.18% |
 HUNHuntsman Corp | 0.31% | 0.15% | 0.15% |
 FMCFMC Corp | 0.14% | 0.12% | 0.12% |
 GEFGreif Inc | 0.15% | 0.10% | 0.10% |
 ECVTEcovyst Inc | 0.14% | 0.10% | 0.10% |
 AMRAlpha Metallurgical Resources Inc | 0.09% | 0.13% | 0.09% |
 SLVMSylvamo Corp | 0.22% | 0.09% | 0.09% |
 RYZRyerson Holding Corp | 0.19% | 0.08% | 0.08% |
 TRSTriMas Corp | 0.10% | 0.08% | 0.08% |
 TROXTronox Holdings PLC | 0.10% | 0.08% | 0.08% |
 SCLStepan Co | 0.14% | 0.07% | 0.07% |
 CMPCompass Minerals International Inc | 0.20% | 0.06% | 0.06% |
 GPKGraphic Packaging Holding Co | 0.06% | 0.18% | 0.06% |
 KOPKoppers Holdings Inc | 0.09% | 0.05% | 0.05% |
 MTUSMetallus Inc | 0.10% | 0.05% | 0.05% |
 SXCSunCoke Energy Inc | 0.12% | 0.04% | 0.04% |
 WSWorthington Steel Inc | 0.03% | 0.08% | 0.03% |
 EXPEagle Materials Inc | 0.03% | 0.43% | 0.03% |
| Greif Inc | 0.03% | 0.02% | 0.02% |
Frequently Asked Questions
How much do AVUV and FMAT overlap?
AVUV and FMAT overlap by 3.0% of portfolio weight. They share 28 holdings (AVUV holds 795 positions and FMAT holds 103), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVUV and FMAT?
The two portfolios are 3.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVUV and FMAT?
The largest positions held by both funds are NEU, LPX, CBT, CC and MTRN. Together the top 10 shared positions account for 69% of the total overlap.
What does AVUV own that FMAT doesn't?
767 positions (95.2% of AVUV) are unique to AVUV, led by VSAT, MATX and LEA. In the other direction, 75 positions (95.1% of FMAT) are unique to FMAT.