FMAT vs SCHB: holdings overlap, shared companies and scores
As of October 9, 2026, FMAT and SCHB overlap 1.9% by weight. Fidelity MSCI Materials Index ETF (FMAT): U.S. materials stocks. Schwab U.S. Broad Market ETF (SCHB): U.S. broad market stocks.
Updated October 9, 2026
Where FMAT and SCHB trade against their own history
FMAT trades at 21.1 times earnings, against its own median of 19.8, and is more expensive than 57% of its own last 9 years.
SCHB trades at 24.2 times earnings, against its own median of 22.2, and is more expensive than 63% of its own last 9 years.
What moved FMAT and SCHB this week
FMAT rose 0.8% in the week to October 9, 2026. The holdings that moved it most were Newmont (+2.0%), Freeport-McMoRan (+2.3%) and Nucor (+4.1%); Mosaic (−11.1%) pushed the other way.
SCHB rose 1.0% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Amazon.com (+4.3%) and Palantir Technologies (+10.8%); Nvidia (−2.0%) pushed the other way.
What do FMAT and SCHB each hold?
What's inside FMAT: Tech 0%.
57% of FMAT is its ten largest holdings.
What's inside SCHB: Tech 43%, Magnificent 7 31%.
35% of SCHB is its ten largest holdings.
How much do FMAT and SCHB overlap? 1.9% by weight
As of October 9, 2026, FMAT and SCHB overlap 1.9% by weight.
98% of FMAT is already inside SCHB.
2% of SCHB is already inside FMAT.
FMAT holds 105 companies and SCHB holds 2,387; 95 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FMAT and SCHB? 4.4 and 6.5 out of 10
As of October 9, 2026, ETF Copilot scores FMAT 4.4 out of 10 and SCHB 6.5 out of 10.
They differ most on Return: FMAT 3.1 and SCHB 7.6.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FMAT | SCHB |
|---|---|---|
| Growth | 5.7 | 7.1 |
| Value | 5.0 | 3.1 |
| Risk | 4.6 | 6.2 |
| Quality | 3.6 | 7.7 |
| Return | 3.1 | 7.6 |
SCHB is the cheaper of the two at 0.03% a year
As of October 9, 2026, FMAT charges 0.08% a year, yields 1.44% and holds $574M in assets across 105 positions.
As of October 9, 2026, SCHB charges 0.03% a year, yields 1.01% and holds $45.1B in assets across 2387 positions.
| Measure | FMAT | SCHB |
|---|---|---|
| Expense ratio | 0.08% | 0.03% |
| Dividend yield | 1.44% | 1.01% |
| Assets under management | $574M | $45.1B |
| Holdings | 105 | 2387 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “FMAT vs SCHB holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fmat-vs-schb
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