HAP vs. FMAT ETF Comparison

Comparison of Market Vectors Hard Assets Producers ETF (HAP) to Fidelity MSCI Materials Index ETF (FMAT)

HAP

Market Vectors Hard Assets Producers ETF

HAP Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The RogersÃ¤-Van Eck Hard Assets Producers Index. The fund normally invests at least 80% of its total assets in equity securities, which may include depositary receipts, of U.S. and foreign hard asset producer companies. It may concentrate its investments in a particular industry or group of industries to the extent that the Hard Assets Producers Index concentrates in an industry or group of industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.02

Average Daily Volume

4,969

Number of Holdings ^*

* 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

$53.45

Average Daily Volume

32,994

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	HAP	FMAT
30 Days	6.21%	4.77%
60 Days	9.81%	9.03%
90 Days	4.98%	9.20%
12 Months	16.62%	25.40%

12 Overlapping Holdings

Symbol	Grade	Weight in HAP	Weight in FMAT	Overlap
CF	A	0.99%	1.06%	0.99%
CTVA	A	2.7%	2.77%	2.7%
FCX	B	1.89%	5.0%	1.89%
FMC	C	0.64%	0.56%	0.56%
LPX	C	0.29%	0.47%	0.29%
MOS	F	0.71%	0.59%	0.59%
NEM	C	1.74%	4.21%	1.74%
NUE	D	0.92%	2.44%	0.92%
RGLD	C	0.26%	0.63%	0.26%
RS	D	0.52%	1.13%	0.52%
STLD	C	0.63%	1.27%	0.63%
X	F	0.31%	0.54%	0.31%

HAP Overweight 45 Positions Relative to FMAT

Symbol	Grade	Weight
DE	C	5.0%
XOM	A	4.91%
CVX	B	4.9%
NEE	C	4.55%
BHP	B	4.14%
RIO	B	2.37%
TTE	B	1.59%
ADM	F	1.56%
VALE	D	1.43%
TSN	D	1.24%
GOLD	C	1.2%
COP	D	1.0%
BG	F	0.89%
PKX	D	0.88%
BP	F	0.8%
INGR	B	0.75%
CNH	C	0.75%
FSLR	C	0.75%
WY	C	0.66%
TTC	F	0.64%
AGCO	D	0.59%
DAR	F	0.58%
GFI	C	0.52%
PSX	D	0.48%
EOG	B	0.48%
MT	B	0.48%
MPC	D	0.47%
WMB	A	0.46%
OKE	A	0.44%
SLB	D	0.44%
E	C	0.42%
LNG	A	0.39%
EBR	F	0.39%
KMI	A	0.38%
VLO	F	0.38%
FANG	D	0.37%
HES	D	0.37%
SUZ	D	0.34%
OXY	D	0.31%
UFPI	C	0.3%
WDS	C	0.3%
WFG	C	0.29%
EQNR	D	0.28%
DVN	F	0.22%
HAL	D	0.18%

HAP Underweight 98 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	C	-15.63%
SHW	C	-6.25%
APD	C	-4.53%
ECL	C	-4.44%
DOW	B	-2.63%
DD	C	-2.54%
MLM	F	-2.25%
VMC	D	-2.24%
PPG	D	-2.14%
IFF	D	-1.82%
SW	C	-1.76%
LYB	B	-1.7%
BALL	C	-1.42%
PKG	B	-1.31%
AVY	D	-1.21%
AMCR	C	-1.11%
IP	C	-1.1%
RPM	A	-1.07%
CE	D	-1.03%
EMN	C	-0.9%
CCK	C	-0.78%
ALB	D	-0.77%
ATR	A	-0.72%
EXP	C	-0.66%
AA	B	-0.63%
GPK	D	-0.61%
AXTA	C	-0.56%
ATI	C	-0.56%
BERY	C	-0.53%
CRS	B	-0.51%
CMC	D	-0.43%
CBT	B	-0.42%
ESI	C	-0.42%
CLF	D	-0.41%
OLN	D	-0.4%
WLK	C	-0.39%
BCPC	C	-0.38%
SON	D	-0.36%
SEE	C	-0.35%
SUM	F	-0.32%
KNF	B	-0.32%
AVNT	C	-0.31%
FUL	F	-0.3%
SLGN	B	-0.3%
ASH	F	-0.28%
NEU	F	-0.27%
HUN	B	-0.27%
HL	C	-0.27%
SMG	C	-0.25%
HCC	C	-0.23%
CC	D	-0.21%
SLVM	C	-0.2%
IOSP	F	-0.19%
CDE	C	-0.19%
SXT	C	-0.19%
AMR	F	-0.18%
MTX	C	-0.17%
KWR	F	-0.17%
HWKN	B	-0.17%
MTRN	F	-0.16%
ARCH	D	-0.16%
MP	C	-0.15%
OI	D	-0.14%
ASPN	C	-0.13%
TROX	D	-0.12%
SCL	D	-0.12%
PRM	C	-0.12%
NGVT	D	-0.1%
GEF	B	-0.1%
KALU	D	-0.08%
TRS	D	-0.07%
OEC	F	-0.07%
WS	D	-0.07%
PCT	C	-0.07%
USLM	C	-0.07%
ASIX	A	-0.06%
CENX	C	-0.06%
MATV	F	-0.06%
GATO	B	-0.05%
SXC	F	-0.05%
HAYN	B	-0.05%
ECVT	F	-0.05%
KOP	F	-0.05%
PTVE	D	-0.04%
MTUS	F	-0.04%
RYI	D	-0.04%
IE	D	-0.04%
ZEUS	F	-0.03%
LXU	C	-0.03%
CMP	D	-0.03%
MYE	F	-0.03%
CLW	F	-0.03%
RDUS	D	-0.03%
MERC	D	-0.02%
KRO	C	-0.02%
PACK	F	-0.02%
GEF	B	-0.02%
METC	D	-0.02%