Data as of .
FMTL vs WDIG: which is really different?
FMTL and WDIG hold 20% of their weight in the same names.
ETFIQ Off-Index Score: WDIG scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
20% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FMTL and WDIG hold 20% of their money in the same securities at the same weight.
| Holding | FMTL | WDIG |
|---|---|---|
| Freeport-McMoRan Inc. | 8.55% | 2.14% |
| Southern Copper Corporation | 2.00% | 2.67% |
| Glencore Plc | 7.88% | 1.75% |
| Wheaton Precious Metals Corp. | 4.79% | 1.65% |
| Antofagasta Plc | 1.85% | 1.55% |
| Anglo American Plc | 6.70% | 1.52% |
| Teck Resources Limited (Class B) | 3.63% | 1.15% |
| Sociedad Quimica y Minera de Chile S.A. (ADR) | 1.14% | 1.23% |
| Alcoa Corporation | 1.39% | 0.96% |
| KGHM Polska Miedz S.A. | 1.44% | 0.95% |
| Boliden AB | 1.74% | 0.93% |
| Norsk Hydro ASA | 1.39% | 0.86% |
| Only in FMTL | Only in WDIG |
|---|---|
| BHP Group Limited 8.97% | ATI INC 3.98% |
| Sumitomo Corporation 5.23% | LYNAS RARE EARTHS LTD 3.77% |
| Cameco Corporation 4.72% | MATERION CORP 3.29% |
| Newmont Corporation 4.63% | MP MATERIALS CORP 2.92% |
| Barrick Mining Corporation 4.56% | ILUKA RESOURCES LTD 2.92% |
| Grupo Mexico, S.A.B. de C.V. (Class B) 4.55% | 5N PLUS INC 2.65% |
| AngloGold Ashanti plc 4.25% | GRUPO MEXICO SAB DE CV 2.06% |
| Valterra Platinum Limited 2.69% | ALMONTY INDUSTRIES INC 1.88% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FMTL | WDIG | FMTL | WDIG | FMTL | WDIG | |
| 3 months | +0.7% | −9.8% | −1.5 pts | −12.0 pts | +3.2 pts | −7.3 pts |
| 6 months | +20.3% | not published | +2.3 pts | not published | −3.9 pts | not published |
| Since launch | +50.9% | −17.2% | +37.3 pts | −21.8 pts | +34.7 pts | −21.1 pts |
| FMTL First Trust Indxx Critical Metals ETF Holds 52 stocks in rare earth and critical materials, 13% of its weight in S&P 500 companies | WDIG WisdomTree Efficient Rare Earth Plus Strategic Metals Fund Holds 101 stocks in rare earth and critical materials, 4% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | WisdomTree |
| Theme | Rare earth and critical materials | Rare earth and critical materials |
| In the S&P 500 | 13.2% | 3.8% |
| Active share vs the S&P 500 | 99.7% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 52 | 101 |
| Top ten, share of the fund | 60.6% | 29.4% |
| Expense ratio | 0.65% | 0.55% |
| Fee for the differing part | 0.65% | 0.55% |
| Total return, 1 year | +50.9% (since launch on Nov 5, 2025) | −17.2% (since launch on May 7, 2026) |
| vs the S&P 500 | +37.3 pts | −21.8 pts |
| vs the Nasdaq-100 | +34.7 pts | −21.1 pts |
| Below its high | −9.5% | −22.6% |
| Net assets | $30m | $5m |
FMTL in plain words
By weight, 13% of FMTL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 52 positions, as published by its issuer for Sep 18, 2026. Since it launched on Nov 5, 2025 the fund returned +50.9% with distributions reinvested against +13.6% for the S&P 500, so a holder was ahead by 37.2 pts. It sits 9.5% below its all-time high of Aug 25, 2026.
WDIG in plain words
By weight, 4% of WDIG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 29% of the fund across 101 positions, as filed for May 31, 2026. Since it launched on May 7, 2026 the fund returned −17.2% with distributions reinvested against +4.6% for the S&P 500, so a holder was behind by 21.8 pts. It sits 22.6% below its all-time high of May 13, 2026.
Questions people ask
- Do FMTL and WDIG hold the same stocks?
- By their latest filings, 20% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FMTL or WDIG?
- FMTL has 13% of its weight in S&P 500 names and WDIG has 4%, so WDIG differs more from the index.
- Which is cheaper, FMTL or WDIG?
- FMTL charges 0.65% a year and WDIG charges 0.55%, so WDIG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FMTL against WDIG, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fmtl-vs-wdig Free to use with attribution; the underlying files are at Open data.