Chondritic components such as chondrules and matrix are the key time capsules that can help us understand the evolution and dynamics of the protoplanetary disk from which the Solar System originated. Knowledge of where and how these components formed and to what extent they were transported in the gaseous disk provides major constraints to astrophysical models that investigate planet formation. Here, we explore whether chondrules and matrix are genetically related to each other and formed from single reservoirs per chondrite group or if every chondrite represents a unique proportion of components transported from a small number of formation reservoirs in the disk. These ‘static versus dynamic disk’ interpretations of cosmochemical data have profound implications for the accretion history of the planets in the Solar System. To fully understand the relationship between chondrules and matrix and their potential “complementarity”, we dive into the petrological nature and origin of matrix, the chemical and isotopic compositions of chondrules and matrix and evaluate these data considering the effect of secondary alteration observed in chondrites and the potential complexity of chondrule formation. Even though we, the authors, have used different datasets and arrived at differing interpretations of chondrule-matrix relationships in the past, this review provides clarity on the existing data and has given us new directions towards future research that can resolve the complementarity debate.