FMAT vs MDYV: Holdings Overlap
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
MDYVState Street® SPDR® S&P 400™ Mid Cap Value ETF
State Street (SPDR) · 297 holdings · $2.9B · as of 2026-08-06
Holdings snapshots are 98 days apart (FMAT: 2026-04-30, MDYV: 2026-08-06). 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 MDYV?
Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103 positions; State Street® SPDR® S&P 400™ Mid Cap Value ETF (MDYV, by State Street (SPDR)) holds 297. They have 23 holdings in common, and by portfolio weight the two funds are 7.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23FMAT holds 103 · MDYV holds 297
- Weight in Shared Holdings
- FMAT 10%·MDYV 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 MDYV. Showing the top 30 by weight.
Only in MDYV
274 of 297 positions (91.9% of the fund) are not held by FMAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | FMAT | MDYV |
|---|---|---|
| Materials | 99.5% | 7.9% |
| Financials | 0.0% | 23.4% |
| Industrials | 0.0% | 18.7% |
| Consumer Discretionary | 0.0% | 12.5% |
| Information Technology | 0.0% | 8.3% |
| Other Sectors | 0.3% | 29.1% |
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% |
| MDYV | +3.1% | +15.2% | +23.9% | +12.9% | +9.2% | +10.6% | 1.64% |
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 MDYV →
Shared Holdings(23)
The top 10 shared positions account for 71% of the overlap, led by RS, CCK and AA.
 RSReliance Inc COM | 1.21% | 1.21% | 1.21% |
|---|---|---|---|
 CCKCrown Holdings Inc COM | 0.73% | 0.76% | 0.73% |
 AAAlcoa Corporation COM | 1.06% | 0.71% | 0.71% |
 RPMRPM International Inc. COM | 0.84% | 0.49% | 0.49% |
 ATRAptargroup Inc. COM | 0.52% | 0.49% | 0.49% |
 CMCCommercial Metals Company COM | 0.49% | 0.46% | 0.46% |
 AXTAAxalta Coating Systems Limited COM USD1.00 | 0.39% | 0.46% | 0.39% |
 CLFCleveland-Cliffs Inc COM | 0.37% | 0.40% | 0.37% |
 SONSonoco Products Company COM | 0.32% | 0.32% | 0.32% |
 LPXLouisiana Pacific Corporation COM | 0.29% | 0.27% | 0.27% |
 SOLSSolstice Advanced Materials Inc. COM SHS | 0.83% | 0.26% | 0.26% |
 CBTCabot Corporation COM | 0.26% | 0.26% | 0.26% |
 AVNTAvient Corporation COM | 0.22% | 0.22% | 0.22% |
 SLGNSilgan Holdings Inc. COM | 0.23% | 0.21% | 0.21% |
 EXPEagle Materials Inc. COM | 0.43% | 0.18% | 0.18% |
 GPKGraphic Packaging Holding Company COM | 0.18% | 0.20% | 0.18% |
 SMGThe Scotts Miracle-Gro Company CL A | 0.19% | 0.16% | 0.16% |
 ASHAshland Inc. COM | 0.16% | 0.19% | 0.16% |
 MPMP Materials Corp., Class A | 0.60% | 0.15% | 0.15% |
 WLKWestlake Corporation COM | 0.28% | 0.15% | 0.15% |
 KNFKnife River Corp. COMMON STOCK | 0.34% | 0.13% | 0.13% |
 OLNOlin Corporation COM PAR $1 | 0.21% | 0.12% | 0.12% |
 GEFGreif, Inc., Class A | 0.10% | 0.13% | 0.10% |
Frequently Asked Questions
How much do FMAT and MDYV overlap?
FMAT and MDYV overlap by 7.7% of portfolio weight. They share 23 holdings (FMAT holds 103 positions and MDYV holds 297), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FMAT and MDYV?
The two portfolios are 7.7% 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 MDYV?
The largest positions held by both funds are RS, CCK, AA, RPM and ATR. Together the top 10 shared positions account for 71% of the total overlap.
What does FMAT own that MDYV doesn't?
80 positions (89.5% of FMAT) are unique to FMAT, led by LIN, NEM and FCX. In the other direction, 274 positions (91.9% of MDYV) are unique to MDYV.