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TMAT vs XITK

Main Thematic Innovation ETF

TMATDCboe

State Street SPDR FactSet Innovative Technology ETF

XITKANYSE Arca

Overlap

Expense ratio

XITK −0.34pt a year

TMAT0.79%XITK0.45%

Avg volume · 30D

TMAT 12.1×the volume

TMAT26.1KXITK2.15K

5Y return · a year

TMAT +6.8pt

TMAT+3.0%XITK−3.8%

TMAT vs XITK Performance

Oct 29, 2021 – Oct 30, 2026

+16.0%TMAT−17.4%XITK

Oct 29, 2021 to Oct 30, 2026. TMAT +16.0%. XITK −17.4%. Use the arrow keys to read each point.−60%−40%0%Oct 2021Apr 2024Oct 2026
Expense ratio
TMAT 0.79%
XITK 0.45%, better
Fund size
TMAT $242M
XITK $67M
1Y total return
TMAT −4.3%
XITK +0.6%, better
Yield (12M)
TMAT 0.02%, better
XITK 0.00%
Holdings
TMAT 86
XITK 95
Avg volume (30D)
TMAT 26.1K sh, better
XITK 2.15K sh
NAV per share
TMAT $27.29
XITK $197.42
52W range

ETF.net Grade

TMAT: Cost 5, Risk 34, Mission not scored, Tradability 55, Holdings 73, Durability 59. XITK: Cost 95, Risk 37, Mission not scored, Tradability 65, Holdings 81, Durability 73.
Pillar letters and Scores for TMAT, XITK, with each pillar’s weight
PillarTMATXITK
Cost30% weightF5A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightD34D37Higher
Tradability15% weightB55B65Higher
Holdings10% weightA73A81Higher
Durability5% weightB59A73Higher

Rank among Disruptive Innovation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TMAT and XITK are both graded against the same 30 Disruptive Innovation funds, so their Grades compare head to head.

Disruptive Innovation⁠

Category · 30 funds
See all 30 ›

XITK ranks 4th and TMAT 28th of 30 funds in the Disruptive Innovation Category.

  1. Rank 1AXTiShares Future Exponential Technologies ETFScore 86
  2. Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 83
  3. Rank 3ATRFMAAM Transformers ETFScore 74
  4. Rank 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
  5. Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 70
  6. Rank 26DSPRXSpear Alpha ETFScore 34
  7. Rank 28DTMATMain Thematic Innovation ETFScore 33
  8. Rank 29DGGRWGabelli Growth Innovators ETFScore 28

Our read on each fund

ETF.net Research

TMATDMain Thematic Innovation ETF

XITKAState Street SPDR FactSet Innovative Technology ETF

In short

TMAT Most innovation ETFs pick one theme and ride it. TMAT picks the themes: an actively managed basket of theme ETFs that rotates between them, measured against a global stock benchmark rather than a single niche index.

XITK Most innovation funds pick a theme and hope. XITK lets the data pick: FactSet ranks tech and electronic-media segments by growth, keeps the top quartile, then equal-weights roughly 100 names so no single giant runs the show.

Stated mandate

TMAT The Fund seeks to outperform the MSCI ACWI Index in rising markets while limiting losses during declines. It pursues this through dynamic rotation among theme-based equity ETFs.

XITK The fund seeks to track the total return of the FactSet Innovative Technology Index before fees and expenses. Its mandate targets innovative technology-related companies with robust revenue growth and leading-edge products or services.

Why people hold it

  • TMAT One ticker, many themes: instead of betting on robotics or genomics alone, it rotates among theme-based equity ETFs, so the manager, not you, decides which story carries the weight.
  • The stated job is asymmetry: aim to beat the MSCI ACWI Index in rising markets while limiting losses in declines. That is a global yardstick, not a narrow innovation index.
  • Actively managed with no index to hug, and it has been running since its 2021 launch through a full boom and bust in innovation stocks as a few-hundred-million-dollar fund.stockanalysis.com
  • XITK Costs 0.45% a year, comfortably under the 0.65% median for disruptive-innovation funds, and it does it inside a plain index wrapper from a major ETF shop.
  • Equal weighting at each reset gives the hundredth holding the same slot as the first, so results lean on the whole basket rather than two or three mega-caps.factset.com
  • Screens segments, not slogans: only companies drawing most of their revenue from the fastest-growing corners of tech and electronic media make the cut.factset.comssga.com
  • Trading since 2016, giving it a live record across several tech cycles, and it sits in the upper tier of our innovation-fund cohort review.

Worth knowing

  • TMAT Fees run 0.79% net of a waiver through February 29, 2028 (0.82% gross), above the category median, and the theme ETFs it holds carry their own costs on top of that.
  • Cheaper index-based alternatives exist in the same aisle: KOMP charges 0.20% and XT 0.46%, both rules-based builds that pick one basket instead of rotating themes for you.
  • It trades lightly for its category, so spreads can be wider, and available disclosure does not let us verify how well the rise-more, fall-less goal has been met.
  • XITK Growth-screened tech, equal-weighted, means smaller names carry a giant's weight. Expect a rougher ride than a cap-weighted tech fund.
  • Thinly traded for its category and modest in size, so bid-ask spreads can run wider than the household-name tech ETFs.
  • Cheaper shelfmates exist: KOMP runs a broad new-economy basket for 0.20%.

Full TMAT profile⁠

Full XITK profile⁠

TMAT vs XITK Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TMAT vs XITK Cost

Overpaying TMAT vs XITK

$6,133

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TMAT 0.79%

    $15,174

  • XITK 0.45%

    $9,041

$10,000
30 years

Cost over time

  • TMAT 0.79%
  • XITK 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TMAT $15,174XITK $9,041

Year by year

YearTMATXITKOverpaying
10$1,405$812$593
20$5,331$3,128$2,203
30$15,174$9,041$6,133

Expense ratio

  • 0.79%TMAT
  • 0.45%XITK, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XITK 2nd cheapest of 30 funds

TMAT 28th cheapest of 30 funds

TMAT vs XITK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TMAT 0.02%, better
XITK 0.00%
Payout (12M)
TMAT $0.005
XITK None
Last payment
TMAT $0.005
XITK No data
Ex-dividend
TMAT Dec 23, 2025
XITK No data
Paid on
TMAT Dec 29, 2025
XITK No data
Frequency
TMAT Irregular
XITK No data

Distribution history

Per share, 2017 to 2026, same scale for both

TMATIrregular · 5 paymentsAll TMAT payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Jun 24, 2021 $0.02; Dec 22, 2021 $0.02; Jun 23, 2022 $0.0031; Dec 22, 2022 $0.04; Dec 23, 2025 $0.005. Use the arrow keys to read each point.$0$12017202020232026YTD
XITK9 paymentsAll XITK payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 15, 2017 $1.36; Dec 24, 2018 $1.24; Dec 23, 2019 $0.16; Dec 21, 2020 $0.13; Jun 21, 2022 $0.06; Sep 19, 2022 $0.05; Jun 20, 2023 $0.0071; Sep 18, 2023 $0.0094; Dec 18, 2023 $0.10. Use the arrow keys to read each point.$0$12017202020232026YTD

TMAT vs XITK Risk

Fall from peak · 5 years

  • TMAT
  • XITK
Oct 29, 2021 to Oct 30, 2026. Worst fall: XITK −61.4% · Nov 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
TMAT 28.3%XITK 25.4%, better
Return per unit of riskSharpe ratio, 3 years
TMAT 0.88, betterXITK 0.63
Worst fallMax drawdown, 5 years
TMAT −51.9%, betterXITK −61.4%
Market sensitivityBeta, 5 years
TMAT 1.83XITK 1.67

Popular comparisons

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