FMAT vs ITA: Holdings Overlap
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
ITAiShares U.S. Aerospace & Defense ETF
iShares · 44 holdings · $14.8B · as of 2026-03-31
Holdings snapshots are 30 days apart (FMAT: 2026-04-30, ITA: 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 ITA?
Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103 positions; iShares U.S. Aerospace & Defense ETF (ITA, by iShares) holds 44. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0FMAT holds 103 · ITA holds 44
- Weight in Shared Holdings
- FMAT 0%·ITA 0%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
103 of 103 positions (99.8% of the fund) are not held by ITA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FMAT | ITA |
|---|---|---|
| Industrials | 0.0% | 99.8% |
| Materials | 99.5% | 0.0% |
| Energy | 0.3% | 0.0% |
| Consumer Discretionary | 0.0% | 0.1% |
| Other Sectors | 0.0% | 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.
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% |
| ITA | +2.3% | +16.9% | +28.0% | +29.8% | +19.2% | +15.5% | 0.42% |
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 ITA →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do FMAT and ITA overlap?
FMAT and ITA overlap by 0.0% of portfolio weight. They share 0 holdings (FMAT holds 103 positions and ITA holds 44), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FMAT and ITA?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does FMAT own that ITA doesn't?
103 positions (99.8% of FMAT) are unique to FMAT, led by LIN, NEM and FCX. In the other direction, 44 positions (99.9% of ITA) are unique to ITA.