DON vs FMAT: Holdings Overlap
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · 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 (DON: 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 DON and FMAT?
WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295 positions; Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103. They have 21 holdings in common, and by portfolio weight the two funds are 8.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21DON holds 295 · FMAT holds 103
- Weight in Shared Holdings
- DON 9%·FMAT 17%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 DON
274 of 295 positions (90.9% of the fund) are not held by FMAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | DON | FMAT |
|---|---|---|
| Materials | 8.9% | 99.5% |
| Financials | 22.3% | 0.0% |
| Industrials | 17.1% | 0.0% |
| Consumer Discretionary | 10.2% | 0.0% |
| Real Estate | 9.8% | 0.0% |
| Other Sectors | 31.5% | 0.3% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
| 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 DON vs FMAT →
Shared Holdings(21)
The top 10 shared positions account for 69% of the overlap, led by CF, IFF and DD.
 CFCF Industries Holdings, Inc. COM | 0.93% | 1.24% | 0.93% |
|---|---|---|---|
 IFFInternational Flavors & Fragrances Inc. COM | 0.77% | 1.15% | 0.77% |
 DDDupont De Nemours Inc COM | 0.68% | 1.23% | 0.68% |
 EMNEastman Chemical Company COM | 0.81% | 0.53% | 0.53% |
 AVYAvery Dennison Corporation COM | 0.52% | 0.81% | 0.52% |
 ALBAlbemarle Corp COM | 0.51% | 1.48% | 0.51% |
 BALLBall Corporation COM | 0.49% | 1.00% | 0.49% |
 RSReliance Inc COM | 0.48% | 1.21% | 0.48% |
 RPMRPM International Inc. COM | 0.48% | 0.84% | 0.48% |
 MOSThe Mosaic Company COM | 0.52% | 0.47% | 0.47% |
 AAAlcoa Corporation COM | 0.46% | 1.06% | 0.46% |
 RGLDRoyal Gold, Inc. COM | 0.39% | 1.26% | 0.39% |
 CCKCrown Holdings Inc COM | 0.35% | 0.73% | 0.35% |
 NEUNewmarket Corporation COM | 0.28% | 0.35% | 0.28% |
 ATRAptargroup Inc. COM | 0.25% | 0.52% | 0.25% |
 ESIElement Solutions Inc COM | 0.24% | 0.63% | 0.24% |
 HLHecla Mining Company COM | 0.18% | 0.77% | 0.18% |
 CMCCommercial Metals Company COM | 0.17% | 0.49% | 0.17% |
 LPXLouisiana Pacific Corporation COM | 0.15% | 0.29% | 0.15% |
 BCPCBalchem Corp COM | 0.11% | 0.34% | 0.11% |
 EXPEagle Materials Inc. COM | 0.10% | 0.43% | 0.10% |
Frequently Asked Questions
How much do DON and FMAT overlap?
DON and FMAT overlap by 8.6% of portfolio weight. They share 21 holdings (DON holds 295 positions and FMAT holds 103), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DON and FMAT?
The two portfolios are 8.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DON and FMAT?
The largest positions held by both funds are CF, IFF, DD, EMN and AVY. Together the top 10 shared positions account for 69% of the total overlap.
What does DON own that FMAT doesn't?
274 positions (90.9% of DON) are unique to DON, led by APA, VTRS and BBY. In the other direction, 82 positions (82.9% of FMAT) are unique to FMAT.