FXZ vs FMAT overlap
FXZ and FMAT overlap 33.3% by weight, across 29 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | FXZ | FMAT | Overlap |
|---|---|---|---|
| Newmont Corp.NEM | 4.88% | 6.82% | 4.88% |
| Nucor Corp.NUE | 3.93% | 3.85% | 3.85% |
| Steel DynamicsSTLD | 5.33% | 2.33% | 2.33% |
| Air Prods & CHEMAPD | 1.71% | 4.21% | 1.71% |
| Ecolab Inc.ECL | 1.70% | 4.76% | 1.70% |
| Freeport-McMoranFCX | 1.70% | 6.07% | 1.70% |
| Linde PLCLIN | 1.57% | 14.94% | 1.57% |
| Reliance Inc.RS | 2.78% | 1.40% | 1.40% |
| Intl FLVR & FRAGIFF | 3.41% | 1.33% | 1.33% |
| CF Industries HOCF | 5.63% | 1.30% | 1.30% |
| Royal Gold Inc.RGLD | 2.54% | 1.13% | 1.13% |
| Lyondellbasell-aLYB | 2.01% | 1.08% | 1.08% |
| Coeur Mining Inc.CDE | 4.44% | 1.04% | 1.04% |
| Intl Paper CoIP | 0.91% | 1.38% | 0.91% |
| Avery DennisonAVY | 2.67% | 0.88% | 0.88% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: FXZ, SEC Form N-PORT, July 31, 2026; FMAT, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FXZ | FMAT |
|---|---|---|
| AE Wealth Management LLC | $103K | $98.5M |
| Wells Fargo & Company | $38.7M | $958K |
| Morgan Stanley | $32.2M | $3.8M |
| Bank of America Corp. | $30.4M | $1.6M |
| LPL Financial LLC | $25.6M | $4.0M |
| Raymond James Financial Inc. | $14.2M | $937K |
| UBS Group AG | $11.7M | $422K |
| Cambridge Investment Research Advisors, Inc. | $7.5M | $3.3M |
| Cetera Investment Advisers | $8.1M | $2.2M |
| Commonwealth Equity Services, LLC | $4.6M | $5.2M |
| Two Sigma Investments, LP | $6.4M | $2.6M |
| Envestnet Asset Management Inc. | $6.0M | $2.5M |
| Goldman Sachs Group Inc. | $4.0M | $4.4M |
| Ameriprise Financial Inc. | $7.3M | $300K |
| Osaic Holdings, Inc. | $3.1M | $3.4M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: FXZ institutional holders, FMAT institutional holders.
Frequently asked questions
How much do FXZ and FMAT overlap?
33.3% by weight, with 29 holdings in common, using holdings for FXZ as of July 31, 2026 and FMAT as of July 31, 2026. The largest shared position is NEM.
Do institutions hold both FXZ and FMAT?
48 Form 13F filers report positions in both, out of 221 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.