- ISIN
- US66538H2783
- CUSIP
- 66538H278
- Issuer
- Main Management
- Inception Date
- Jan 29, 2021
- Region
- Global (Broad)
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI ACWI Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $242M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
TMAT Performance Chart
Main Thematic Innovation ETF (TMAT) is up 23.3% since the beginning of the year. TMAT is currently trading at $31 per share. Investors who bought $1,000 worth of TMAT shares 5 years ago would now be looking at an investment worth $1,312.
Loading charts...
Returns By Period
Main Thematic Innovation ETF (TMAT) has returned 23.27% so far this year and 40.55% over the past 12 months.
Main Thematic Innovation ETF
- 1D
- 1.49%
- 1M
- 7.76%
- YTD
- 23.27%
- 6M
- 19.34%
- 1Y
- 40.55%
- 3Y*
- 29.10%
- 5Y*
- 5.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TMAT Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2021, TMAT's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2024 with a return of +21.5%, while the worst month was Apr 2022 at -15.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, TMAT closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +12.4%, while the worst single day was Jun 13, 2022 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.32% | 1.42% | -6.40% | 13.89% | 12.95% | 3.35% | 23.27% | ||||||
| 2025 | 4.34% | -6.35% | -13.16% | 4.97% | 12.01% | 12.32% | 5.59% | 3.31% | 6.26% | 5.49% | -9.60% | -3.08% | 20.06% |
| 2024 | -5.44% | 10.46% | 2.45% | -9.29% | 4.78% | 3.25% | 0.98% | -1.90% | 4.34% | 1.29% | 21.49% | -4.77% | 27.20% |
| 2023 | 16.56% | -6.62% | 4.90% | -5.27% | 3.88% | 6.76% | 9.12% | -10.03% | -6.82% | -5.47% | 14.39% | 11.50% | 32.32% |
| 2022 | -13.71% | -1.05% | -1.19% | -14.96% | -2.32% | -7.91% | 10.51% | -2.29% | -12.05% | -1.24% | 9.08% | -8.05% | -39.29% |
| 2021 | -1.20% | 0.66% | -5.44% | 1.23% | -3.16% | 4.27% | -4.71% | 2.26% | -6.56% | 8.20% | -6.70% | -7.20% | -18.01% |
Benchmark Metrics
Main Thematic Innovation ETF has an annualized alpha of -11.32%, beta of 1.47, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 29, 2021.
- This ETF participated in 141.54% of S&P 500 Index downside but only 105.60% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -11.32% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -11.32%
- Beta
- 1.47
- R²
- 0.65
- Upside Capture
- 105.60%
- Downside Capture
- 141.54%
Expense Ratio
TMAT has a high expense ratio of 1.49%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TMAT ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TMAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.78 | -0.90 |
| Martin ratioReturn relative to average drawdown | 4.37 | 12.44 | -8.07 |
Dividends
Dividend History
Main Thematic Innovation ETF provided a 0.02% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.00 | $0.00 | $0.04 | $0.04 |
Dividend yield | 0.02% | 0.02% | 0.00% | 0.00% | 0.34% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Main Thematic Innovation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Main Thematic Innovation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Main Thematic Innovation ETF was 58.55%, occurring on Oct 14, 2022. Recovery took 734 trading sessions.
The current Main Thematic Innovation ETF drawdown is 0.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -58.55%Oct 2022 | 1y 8mo | 2y 11mo | 4y 7moFeb 2021 - Sep 2025 |
2026 bear market2026 | -21.63%Mar 2026 | 5mo 21d | 1mo 27d | 7mo 18dOct 2025 - May 2026 |
2026 correction2026 | -10.39%Jun 2026 | 7d | — | 21d 23mJun 2026 - now |
2025 pullback2025 | -3.88%Sep 2025 | 2d | 11d | 13dSep 2025 - Oct 2025 |
2026 pullback2026 | -1.55%May 2026 | 0s | 2d | 2dMay 2026 - May 2026 |
Drawdown Indicators
| TMAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -56.78% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -21.63% | -9.10% | -12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -33.42% | -18.90% | -14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -52.10% | -25.43% | -26.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.80% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -31.95% | -10.71% | -21.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.30% | 2.03% | +7.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with TMAT
Add Main Thematic Innovation ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with TMAT