TMAT vs. FTEC
Compare and contrast key facts about Main Thematic Innovation ETF (TMAT) and Fidelity MSCI Information Technology Index ETF (FTEC).
TMAT and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMAT is a passively managed fund by Main Management that tracks the performance of the MSCI ACWI Index. It was launched on Jan 29, 2021. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both TMAT and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMAT or FTEC.
Correlation
The correlation between TMAT and FTEC is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TMAT vs. FTEC - Performance Comparison
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Key characteristics
TMAT:
0.47
FTEC:
0.39
TMAT:
0.82
FTEC:
0.74
TMAT:
1.11
FTEC:
1.10
TMAT:
0.34
FTEC:
0.43
TMAT:
1.37
FTEC:
1.39
TMAT:
11.16%
FTEC:
8.34%
TMAT:
34.57%
FTEC:
30.04%
TMAT:
-58.55%
FTEC:
-34.95%
TMAT:
-31.08%
FTEC:
-11.67%
Returns By Period
In the year-to-date period, TMAT achieves a -7.56% return, which is significantly higher than FTEC's -8.00% return.
TMAT
-7.56%
15.75%
-4.51%
16.87%
N/A
N/A
FTEC
-8.00%
12.10%
-8.35%
11.21%
18.78%
19.08%
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TMAT vs. FTEC - Expense Ratio Comparison
TMAT has a 1.49% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
TMAT vs. FTEC — Risk-Adjusted Performance Rank
TMAT
FTEC
TMAT vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and Fidelity MSCI Information Technology Index ETF (FTEC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
TMAT vs. FTEC - Dividend Comparison
TMAT has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAT Main Thematic Innovation ETF | 0.00% | 0.00% | 0.00% | 0.34% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.53% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
TMAT vs. FTEC - Drawdown Comparison
The maximum TMAT drawdown since its inception was -58.55%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for TMAT and FTEC. For additional features, visit the drawdowns tool.
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Volatility
TMAT vs. FTEC - Volatility Comparison
Main Thematic Innovation ETF (TMAT) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 9.82% and 9.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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