FMAT vs REGL: Holdings Overlap
FMATFidelity MSCI Materials Index ETF
Fidelity · 103 holdings · $579M · as of 2026-04-30
REGLProShares S&P MidCap 400 Dividend Aristocrats ETF
ProShares · 65 holdings · $1.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (FMAT: 2026-04-30, REGL: 2026-05-31). 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 REGL?
Fidelity MSCI Materials Index ETF (FMAT, by Fidelity) holds 103 positions; ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL, by ProShares) holds 65. They have 9 holdings in common, and by portfolio weight the two funds are 5.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9FMAT holds 103 · REGL holds 65
- Weight in Shared Holdings
- FMAT 5%·REGL 13%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
94 of 103 positions (94.6% of the fund) are not held by REGL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FMAT | REGL |
|---|---|---|
| Materials | 99.5% | 13.4% |
| Financials | 0.0% | 30.9% |
| Utilities | 0.0% | 15.1% |
| Industrials | 0.0% | 13.6% |
| Consumer Discretionary | 0.0% | 9.5% |
| Other Sectors | 0.3% | 17.2% |
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% |
| REGL | +3.7% | +14.8% | +18.4% | +12.5% | +8.5% | +9.8% | 2.13% |
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 REGL →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by RGLD, RS and RPM.
 RGLDRoyal Gold, Inc. | 1.26% | 1.39% | 1.26% |
|---|---|---|---|
 RSReliance, Inc. | 1.21% | 1.78% | 1.21% |
 RPMRPM International, Inc. | 0.84% | 1.55% | 0.84% |
 ATRAptarGroup, Inc. | 0.52% | 1.44% | 0.52% |
 SONSonoco Products Co. | 0.32% | 1.35% | 0.32% |
 WLKWestlake Corp. | 0.28% | 1.18% | 0.28% |
 CBTCabot Corp. | 0.26% | 1.81% | 0.26% |
 SLGNSilgan Holdings, Inc. | 0.23% | 1.45% | 0.23% |
 AVNTAvient Corp. | 0.22% | 1.46% | 0.22% |
Frequently Asked Questions
How much do FMAT and REGL overlap?
FMAT and REGL overlap by 5.1% of portfolio weight. They share 9 holdings (FMAT holds 103 positions and REGL holds 65), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FMAT and REGL?
The two portfolios are 5.1% 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 REGL?
The largest positions held by both funds are RGLD, RS, RPM, ATR and SON. Together the top 9 shared positions account for 100% of the total overlap.
What does FMAT own that REGL doesn't?
94 positions (94.6% of FMAT) are unique to FMAT, led by LIN, NEM and FCX. In the other direction, 56 positions (86.3% of REGL) are unique to REGL.