DES vs FMAT: Holdings Overlap
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
Holdings snapshots are 30 days apart (DES: 2026-03-31, 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 DES and FMAT?
WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530 positions; Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103. They have 22 holdings in common, and by portfolio weight the two funds are 3.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22DES holds 530 · FMAT holds 103
- Weight in Shared Holdings
- DES 7%·FMAT 4%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 DES
508 of 530 positions (92.4% of the fund) are not held by FMAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | DES | FMAT |
|---|---|---|
| Materials | 7.7% | 99.5% |
| Financials | 23.2% | 0.0% |
| Consumer Discretionary | 13.8% | 0.0% |
| Industrials | 13.1% | 0.0% |
| Energy | 11.3% | 0.3% |
| Other Sectors | 26.4% | 0.0% |
| Unclassified | 4.2% | 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 DES, 0% of FMAT).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DES | +3.2% | +24.6% | +33.0% | +13.6% | +8.4% | +8.2% | 2.22% |
| 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 DES vs FMAT →
Shared Holdings(22)
The top 10 shared positions account for 64% of the overlap, led by SON, SXT and CBT.
 SONSonoco Products Company COM | 1.06% | 0.32% | 0.32% |
|---|---|---|---|
 SXTSensient Technologies Corp COM | 0.30% | 0.26% | 0.26% |
 CBTCabot Corporation COM | 0.49% | 0.26% | 0.26% |
 CCThe Chemours Company LLC COM | 0.46% | 0.26% | 0.26% |
 SLGNSilgan Holdings Inc. COM | 0.38% | 0.23% | 0.23% |
 AVNTAvient Corporation COM | 0.52% | 0.22% | 0.22% |
 FULH B Fuller Company COM | 0.27% | 0.21% | 0.21% |
 OLNOlin Corporation COM PAR $1 | 0.56% | 0.21% | 0.21% |
 HCCWarrior Met Coal Inc COM | 0.20% | 0.30% | 0.20% |
 SMGThe Scotts Miracle-Gro Company CL A | 0.66% | 0.19% | 0.19% |
 KALUKaiser Aluminium Corporation COM PAR $0.01 | 0.40% | 0.18% | 0.18% |
 HWKNHawkins Inc COM | 0.16% | 0.21% | 0.16% |
 MTRNMaterion Corp COM | 0.15% | 0.24% | 0.15% |
 MTXMinerals Technologies Inc. COM | 0.17% | 0.14% | 0.14% |
 KWRQuaker Chemical Corp | 0.19% | 0.12% | 0.12% |
 GEFGreif, Inc. CL A | 0.29% | 0.10% | 0.10% |
 SLVMSylvamo Corp. COMMON STOCK | 0.30% | 0.09% | 0.09% |
 RYZRyerson Holding Corporation COM | 0.26% | 0.08% | 0.08% |
 WSWorthington Steel Inc. COM SHS | 0.17% | 0.08% | 0.08% |
 USLMUnited States Lime & Minerals Inc. COM | 0.17% | 0.08% | 0.08% |
 TRSTrimas Corporation COM NEW | 0.13% | 0.08% | 0.08% |
 KOPKoppers Holdings Inc COM | 0.14% | 0.05% | 0.05% |
Frequently Asked Questions
How much do DES and FMAT overlap?
DES and FMAT overlap by 3.7% of portfolio weight. They share 22 holdings (DES holds 530 positions and FMAT holds 103), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DES and FMAT?
The two portfolios are 3.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DES and FMAT?
The largest positions held by both funds are SON, SXT, CBT, CC and SLGN. Together the top 10 shared positions account for 64% of the total overlap.
What does DES own that FMAT doesn't?
508 positions (92.4% of DES) are unique to DES, led by TFSL, KGS and EPR. In the other direction, 81 positions (95.8% of FMAT) are unique to FMAT.