The Materials fund is an exchange traded fund (ETF) within the Vanguard family. There are at least 2 funds that are incredibly highly correlated with VAW.
Outside of the Vanguard family, the most positively correlated other funds are Vanguard Mutual Funds - Materials Index Admiral Shares, SPDR - Materials Select Sector Fund, iShares - MSCI ACWI ETF, Vanguard Mutual Funds - Total World Stock Index, PowerShares - DWA Basic Materials Momentum Portfolio.
|VMIAX||Vanguard Mutual Funds||Materials Index Admiral Shares||99.9%|
|XLB||SPDR||Materials Select Sector Fund||99.7%|
|ACWI||iShares||MSCI ACWI ETF||98.9%|
|VTWSX||Vanguard Mutual Funds||Total World Stock Index||98.9%|
|PYZ||PowerShares||DWA Basic Materials Momentum Portfolio||98.8%|
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