FMAT vs IVV: Holdings Overlap
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
iShares · 503 holdings · $901.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (FMAT: 2026-04-30, IVV: 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 IVV?
Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103 positions; iShares Core S&P 500 ETF (IVV, by iShares) holds 503. They have 26 holdings in common, and by portfolio weight the two funds are 2.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26FMAT holds 103 · IVV holds 503
- Weight in Shared Holdings
- FMAT 77%·IVV 2%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
77 of 103 positions (22.8% of the fund) are not held by IVV. Showing the top 30 by weight.
Sector Breakdown
| Sector | FMAT | IVV |
|---|---|---|
| Materials | 99.5% | 2.1% |
| Information Technology | 0.0% | 32.6% |
| Financials | 0.0% | 12.6% |
| Communication Services | 0.0% | 10.5% |
| Consumer Discretionary | 0.0% | 9.8% |
| Other Sectors | 0.3% | 32.2% |
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% |
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
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 IVV →
Shared Holdings(26)
The top 10 shared positions account for 72% of the overlap, led by LIN, NEM and FCX.
 LINLinde PLC | 14.99% | 0.41% | 0.41% |
|---|---|---|---|
 NEMNewmont Corp. | 7.77% | 0.21% | 0.21% |
 FCXFreeport-McMoRan, Inc. | 5.32% | 0.15% | 0.15% |
 SHWSherwin-Williams Co. (The) | 4.85% | 0.13% | 0.13% |
 CRHCRH plc | 5.09% | 0.13% | 0.13% |
 ECLEcolab, Inc. | 4.26% | 0.12% | 0.12% |
 APDAir Products and Chemicals Inc | 4.28% | 0.12% | 0.12% |
 CTVACorteva, Inc. | 3.51% | 0.10% | 0.10% |
 NUENucor Corp. | 3.30% | 0.07% | 0.07% |
 VMCVulcan Materials Co. | 2.55% | 0.06% | 0.06% |
 MLMMartin Marietta Materials, Inc. | 2.39% | 0.06% | 0.06% |
 DOWDow, Inc. | 1.84% | 0.05% | 0.05% |
 STLDSteel Dynamics, Inc. | 2.03% | 0.04% | 0.04% |
 PPGPPG Industries, Inc. | 1.56% | 0.04% | 0.04% |
 ALBAlbemarle Corp. | 1.48% | 0.04% | 0.04% |
 SWSmurfit Westrock PLC | 1.28% | 0.04% | 0.04% |
 LYBLyondellBasell Industries NV, Class A | 1.23% | 0.04% | 0.04% |
 CFCF Industries Holdings, Inc. | 1.24% | 0.04% | 0.04% |
 PKGPackaging Corp. of America | 1.23% | 0.03% | 0.03% |
 IPInternational Paper Co. | 0.98% | 0.03% | 0.03% |
 DDDuPont de Nemours, Inc. | 1.23% | 0.03% | 0.03% |
 IFFInternational Flavors & Fragrances, Inc. | 1.15% | 0.03% | 0.03% |
 AMCRAmcor PLC | 1.13% | 0.03% | 0.03% |
 BALLBall Corp. | 1.00% | 0.03% | 0.03% |
 AVYAvery Dennison Corp. | 0.81% | 0.02% | 0.02% |
Frequently Asked Questions
How much do FMAT and IVV overlap?
FMAT and IVV overlap by 2.1% of portfolio weight. They share 26 holdings (FMAT holds 103 positions and IVV holds 503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FMAT and IVV?
The two portfolios are 2.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FMAT and IVV?
The largest positions held by both funds are LIN, NEM, FCX, SHW and CRH. Together the top 10 shared positions account for 72% of the total overlap.
What does FMAT own that IVV doesn't?
77 positions (22.8% of FMAT) are unique to FMAT, led by AMRZ, RGLD and RS. In the other direction, 477 positions (97.7% of IVV) are unique to IVV.