CALF vs FMAT: Holdings Overlap
CALFPacer US Small Cap Cash Cows 100 ETF
Pacer · 200 holdings · $3.7B · as of 2026-04-30
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
How similar are CALF and FMAT?
Pacer US Small Cap Cash Cows 100 ETF (CALF, by Pacer) holds 200 positions; Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103. They have 3 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3CALF holds 200 · FMAT holds 103
- Weight in Shared Holdings
- CALF 2%·FMAT 1%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 CALF
197 of 200 positions (98.4% of the fund) are not held by FMAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | CALF | FMAT |
|---|---|---|
| Materials | 1.5% | 99.5% |
| Consumer Discretionary | 28.3% | 0.0% |
| Information Technology | 26.3% | 0.0% |
| Energy | 9.6% | 0.3% |
| Communication Services | 9.5% | 0.0% |
| Other Sectors | 23.9% | 0.0% |
| Unclassified | 0.9% | 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 (1% of CALF, 0% of FMAT).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CALF | +8.4% | +27.1% | +42.3% | +9.9% | +6.8% | — | 1.08% |
| 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 CALF vs FMAT →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by NEU, CBT and NGVT.
Frequently Asked Questions
How much do CALF and FMAT overlap?
CALF and FMAT overlap by 0.8% of portfolio weight. They share 3 holdings (CALF holds 200 positions and FMAT holds 103), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CALF and FMAT?
The two portfolios are 0.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of CALF and FMAT?
The largest positions held by both funds are NEU, CBT and NGVT. Together the top 3 shared positions account for 100% of the total overlap.
What does CALF own that FMAT doesn't?
197 positions (98.4% of CALF) are unique to CALF, led by ZM, SNX and APA. In the other direction, 100 positions (99.0% of FMAT) are unique to FMAT.