FMAT vs FXZ
Fidelity MSCI Materials Index ETF against First Trust Materials AlphaDEX Fund: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
31%
30 shared positions
Fee gap
56 bp
FMAT is cheaper
1-year return gap
15.2 pts
FXZ is ahead
Larger fund
FMAT
$578M
Side by side
| FMAT | FXZ | |
|---|---|---|
| Fund | Fidelity MSCI Materials Index ETF | First Trust Materials AlphaDEX Fund |
| Issuer | Fidelity | First Trust |
| Category | Materials | Materials |
| Expense ratio | 0.08% | 0.64% |
| Assets | $578M | $350M |
| Average daily dollar volume | $3.4M | $3.9M |
| Listed | Oct 21, 2013 | May 8, 2007 |
| FrenzyCap score | 69 | 42 |
| 1-month return | −2.7% | −7.0% |
| 3-month return | −1.5% | +1.5% |
| Year to date | +6.6% | +20.1% |
| 1-year return | +7.4% | +22.5% |
| 30-day volatility | 15.4% | 21.3% |
| Worst drawdown, 1 year | −13.8% | −12.8% |
| Trailing 12-month yield | 1.45% | 1.32% |
| Holdings | 106 | 40 |
| Top 10 weight | 55.9% | 44.7% |
| Look-through P/E | 35.5 | 260.1 |
| Holdings vs fair value | +12.0% | +17.6% |
| Holdings above 200-day average | 41% | 45% |
| Net flow, latest 3 reported months | −$129K thru Jul 2026 | +$731K thru Jul 2026 |
| 30-day implied volatility | 23.3% | 31.1% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Apr 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
58% of FMAT · 73% of FXZ| Holding | FMAT | FXZ |
|---|---|---|
| NUE | 3.30% | 4.24% |
| NEM | 7.77% | 3.26% |
| Linde PLC | 14.99% | 2.75% |
| ECL | 4.26% | 2.67% |
| STLD | 2.03% | 5.77% |
| FCX | 5.32% | 1.56% |
| RGLD | 1.26% | 2.50% |
| CF | 1.24% | 4.34% |
| RS | 1.22% | 3.79% |
| IFF | 1.15% | 1.54% |
| AA | 1.06% | 3.06% |
| IP | 0.98% | 1.35% |
| ALB | 1.48% | 0.87% |
| SOLS | 0.83% | 2.93% |
| APD | 4.28% | 0.82% |
| AVY | 0.81% | 2.59% |
| LyondellBasell Industries NV | 1.23% | 0.74% |
| ESI | 0.63% | 1.98% |
| MP | 0.60% | 1.09% |
| EMN | 0.53% | 4.35% |
| CE | 0.47% | 0.82% |
| MOS | 0.47% | 4.14% |
| CLF | 0.37% | 1.92% |
| NEU | 0.35% | 4.79% |
| WLK | 0.28% | 0.78% |
Sector mix of the stock holdings
| Sector | FMAT | FXZ | Gap |
|---|---|---|---|
| Materials | 55.5% | 71.2% | −15.7% |
| Industrials | 4.1% | 13.1% | −9.0% |
| Consumer Staples | 7.8% | 2.7% | +5.2% |
| Consumer Discretionary | 4.9% | 2.6% | +2.2% |
| Financials | 1.3% | 2.5% | −1.2% |
| Energy | 0.1% | 0.0% | +0.1% |
More: full overlap table · FMAT holdings · FXZ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.