FMAT vs IJJ: Holdings Overlap
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
IJJiShares S&P Mid-Cap 400 Value ETF
iShares · 301 holdings · $9.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (FMAT: 2026-04-30, IJJ: 2026-03-31). 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 FMAT and IJJ?
Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103 positions; iShares S&P Mid-Cap 400 Value ETF (IJJ, by iShares) holds 301. They have 23 holdings in common, and by portfolio weight the two funds are 8.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23FMAT holds 103 · IJJ holds 301
- Weight in Shared Holdings
- FMAT 10%·IJJ 8%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 FMAT
80 of 103 positions (89.5% of the fund) are not held by IJJ. Showing the top 30 by weight.
Only in IJJ
278 of 301 positions (90.9% of the fund) are not held by FMAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | FMAT | IJJ |
|---|---|---|
| Materials | 99.5% | 8.2% |
| Financials | 0.0% | 22.4% |
| Industrials | 0.0% | 19.0% |
| Consumer Discretionary | 0.0% | 12.4% |
| Real Estate | 0.0% | 8.2% |
| Other Sectors | 0.3% | 28.9% |
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 |
|---|---|---|---|---|---|---|---|
| FMAT | +3.2% | +14.7% | +20.8% | +10.3% | +6.9% | +10.0% | 1.38% |
| IJJ | +3.0% | +15.1% | +23.8% | +12.8% | +9.2% | +10.5% | 1.56% |
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 FMAT vs IJJ →
Shared Holdings(23)
The top 10 shared positions account for 68% of the overlap, led by AA, RS and CCK.
 AAAlcoa Corp. | 1.06% | 1.09% | 1.06% |
|---|---|---|---|
 RSReliance, Inc. | 1.21% | 1.01% | 1.01% |
 CCKCrown Holdings, Inc. | 0.73% | 0.72% | 0.72% |
 ATRAptarGroup, Inc. | 0.52% | 0.52% | 0.52% |
 RPMRPM International, Inc. | 0.84% | 0.48% | 0.48% |
 CMCCommercial Metals Co. | 0.49% | 0.43% | 0.43% |
 AXTAAxalta Coating Systems Ltd. | 0.39% | 0.38% | 0.38% |
 SOLSSolstice Advanced Materials, Inc. | 0.83% | 0.36% | 0.36% |
 SONSonoco Products Co. | 0.32% | 0.34% | 0.32% |
 CLFCleveland-Cliffs, Inc. | 0.37% | 0.31% | 0.31% |
 LPXLouisiana-Pacific Corp. | 0.29% | 0.29% | 0.29% |
 CBTCabot Corp. | 0.26% | 0.25% | 0.25% |
 WLKWestlake Corp. | 0.28% | 0.25% | 0.25% |
 SLGNSilgan Holdings, Inc. | 0.23% | 0.22% | 0.22% |
 AVNTAvient Corp. | 0.22% | 0.21% | 0.21% |
 OLNOlin Corp. | 0.21% | 0.22% | 0.21% |
 EXPEagle Materials, Inc. | 0.43% | 0.19% | 0.19% |
 GPKGraphic Packaging Holding Co. | 0.18% | 0.19% | 0.18% |
 KNFKnife River Corp. | 0.34% | 0.18% | 0.18% |
 SMGScotts Miracle-Gro Co. (The) | 0.19% | 0.17% | 0.17% |
 MPMP Materials Corp., Class A | 0.60% | 0.17% | 0.17% |
 ASHAshland, Inc. | 0.16% | 0.16% | 0.16% |
 GEFGreif, Inc., Class A | 0.10% | 0.11% | 0.10% |
Frequently Asked Questions
How much do FMAT and IJJ overlap?
FMAT and IJJ overlap by 8.2% of portfolio weight. They share 23 holdings (FMAT holds 103 positions and IJJ holds 301), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FMAT and IJJ?
The two portfolios are 8.2% 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 FMAT and IJJ?
The largest positions held by both funds are AA, RS, CCK, ATR and RPM. Together the top 10 shared positions account for 68% of the total overlap.
What does FMAT own that IJJ doesn't?
80 positions (89.5% of FMAT) are unique to FMAT, led by LIN, NEM and FCX. In the other direction, 278 positions (90.9% of IJJ) are unique to IJJ.