VAW vs. FMAT ETF Comparison

Comparison of Vanguard Materials ETF - DNQ (VAW) to Fidelity MSCI Materials Index ETF (FMAT)

VAW

Vanguard Materials ETF - DNQ

VAW Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$196.19

Average Daily Volume

46,736

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.31

Average Daily Volume

33,373

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	VAW	FMAT
30 Days	-3.80%	-3.62%
60 Days	3.25%	3.30%
90 Days	7.59%	7.67%
12 Months	14.48%	14.60%

108 Overlapping Holdings

Symbol	Grade	Weight in VAW	Weight in FMAT	Overlap
AA	A	0.45%	0.5%	0.45%
ALB	F	1.0%	1.02%	1.0%
AMCR	D	1.02%	1.01%	1.01%
AMR	B	0.28%	0.29%	0.28%
APD	C	3.99%	4.02%	3.99%
ARCH	B	0.21%	0.22%	0.21%
ASH	A	0.35%	0.36%	0.35%
ASIX	F	0.06%	0.06%	0.06%
ASPN	C	0.08%	0.07%	0.07%
ATI	A	0.48%	0.49%	0.48%
ATR	B	0.7%	0.71%	0.7%
AVNT	A	0.29%	0.3%	0.29%
AVY	B	1.33%	1.32%	1.32%
AXTA	D	0.56%	0.53%	0.53%
BALL	A	1.57%	1.59%	1.57%
BCPC	D	0.37%	0.36%	0.36%
BERY	D	0.52%	0.51%	0.51%
CBT	A	0.38%	0.4%	0.38%
CC	C	0.29%	0.3%	0.29%
CCK	B	0.71%	0.74%	0.71%
CDE	A	0.11%	0.13%	0.11%
CE	C	1.32%	1.24%	1.24%
CENX	A	0.06%	0.08%	0.06%
CF	C	1.18%	1.16%	1.16%
CLF	F	0.85%	0.81%	0.81%
CLW	B	0.05%	0.05%	0.05%
CMC	D	0.51%	0.49%	0.49%
CMP	F	0.04%	0.04%	0.04%
CRS	A	0.26%	0.3%	0.26%
CTVA	C	3.01%	3.0%	3.0%
DD	A	2.44%	2.45%	2.44%
DNA	F	0.09%	0.07%	0.07%
DOW	B	3.01%	3.09%	3.01%
ECL	C	4.39%	4.35%	4.35%
ECVT	D	0.09%	0.08%	0.08%
EMN	B	0.88%	0.89%	0.88%
ESI	D	0.42%	0.42%	0.42%
EXP	B	0.7%	0.66%	0.66%
FCX	A	4.99%	5.42%	4.99%
FMC	F	0.59%	0.56%	0.56%
FUL	D	0.32%	0.32%	0.32%
GEF	D	0.13%	0.02%	0.02%
GEF	D	0.13%	0.12%	0.12%
GPK	A	0.66%	0.65%	0.65%
HAYN	A	0.06%	0.06%	0.06%
HCC	A	0.23%	0.27%	0.23%
HL	B	0.21%	0.23%	0.21%
HUN	D	0.32%	0.31%	0.31%
HWKN	B	0.11%	0.12%	0.11%
IE	B	0.05%	0.05%	0.05%
IFF	A	1.63%	1.67%	1.63%
IOSP	D	0.24%	0.23%	0.23%
IP	F	0.95%	0.88%	0.88%
KALU	A	0.11%	0.11%	0.11%
KNF	A	0.32%	0.32%	0.32%
KOP	D	0.08%	0.09%	0.08%
KRO	A	0.02%	0.02%	0.02%
KWR	C	0.19%	0.18%	0.18%
LIN	D	16.68%	16.73%	16.68%
LPX	C	0.4%	0.37%	0.37%
LXU	B	0.03%	0.03%	0.03%
LYB	B	1.97%	2.02%	1.97%
MATV	A	0.07%	0.08%	0.07%
MERC	A	0.03%	0.03%	0.03%
MLM	A	2.81%	2.79%	2.79%
MOS	F	0.79%	0.78%	0.78%
MP	C	0.15%	0.18%	0.15%
MTRN	D	0.2%	0.19%	0.19%
MTX	B	0.18%	0.18%	0.18%
MYE	A	0.05%	0.05%	0.05%
NEM	A	3.06%	3.33%	3.06%
NEU	D	0.34%	0.33%	0.33%
NGVT	B	0.12%	0.13%	0.12%
NUE	D	3.6%	3.64%	3.6%
OEC	B	0.1%	0.11%	0.1%
OI	D	0.19%	0.18%	0.18%
OLN	C	0.53%	0.51%	0.51%
PACK	A	0.03%	0.02%	0.02%
PCT	F	0.05%	0.04%	0.04%
PKG	D	1.26%	1.24%	1.24%
PLL	F	0.02%	0.02%	0.02%
PPG	D	2.53%	2.39%	2.39%
PRM	B	0.08%	0.08%	0.08%
PTVE	A	0.05%	0.05%	0.05%
RDUS	F	0.04%	0.04%	0.04%
RGLD	A	0.59%	0.6%	0.59%
RPM	D	1.14%	1.07%	1.07%
RS	D	1.42%	1.42%	1.42%
RYI	F	0.08%	0.08%	0.08%
SCL	D	0.15%	0.15%	0.15%
SEE	D	0.4%	0.34%	0.34%
SHW	D	6.26%	5.81%	5.81%
SLGN	B	0.31%	0.31%	0.31%
SLVM	A	0.17%	0.18%	0.17%
SMG	B	0.23%	0.22%	0.22%
SON	C	0.42%	0.43%	0.42%
STLD	D	1.69%	1.63%	1.63%
SUM	C	0.39%	0.36%	0.36%
SXC	D	0.07%	0.07%	0.07%
SXT	A	0.18%	0.19%	0.18%
TROX	A	0.15%	0.16%	0.15%
TRS	A	0.08%	0.08%	0.08%
USLM	A	0.05%	0.05%	0.05%
VMC	C	2.69%	2.61%	2.61%
WLK	B	0.44%	0.44%	0.44%
WRK	B	0.94%	0.95%	0.94%
WS	F	0.09%	0.08%	0.08%
X	D	0.47%	0.67%	0.47%

VAW Overweight 6 Positions Relative to FMAT

Symbol	Grade	Weight
AVD	D	0.03%
IPI	D	0.02%
TSE	F	0.01%
DNMR	F	0.01%
FEAM	F	0.0%
ORGN	C	0.0%

VAW Underweight 1 Positions Relative to FMAT

	Symbol	Grade	Weight
	ZEUS	D	-0.05%