TMAT vs. GTEK

Last updated Jul 15, 2026

TMAT (Main Thematic Innovation ETF) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. TMAT is passively managed, while GTEK is actively managed. Over the past 3 years, TMAT returned 23.35%/yr vs 30.01%/yr for GTEK. Their correlation of 0.88 suggests significant overlap in exposure. TMAT charges 1.49%/yr vs 0.75%/yr for GTEK.

Performance

TMAT vs. GTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main Thematic Innovation ETF (TMAT) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMAT achieves a 18.79% return, which is significantly lower than GTEK's 43.93% return.

TMAT

• 1D: 2.34%
• 1M: 0.92%
• 6M: 14.14%
• YTD: 18.79%
• 1Y: 24.86%
• 3Y*: 23.35%
• 5Y*: 5.71%
• 10Y*: —

GTEK

• 1D: 1.30%
• 1M: -2.07%
• 6M: 37.67%
• YTD: 43.93%
• 1Y: 61.00%
• 3Y*: 30.01%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TMAT vs. GTEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TMAT Main Thematic Innovation ETF	18.79%	20.06%	27.20%	32.32%	-39.29%	-10.91%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	43.93%	23.68%	15.94%	33.58%	-46.73%	-2.50%

Correlation

The correlation between TMAT and GTEK is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.88

The correlation between TMAT and GTEK has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

TMAT vs. GTEK - Sectors Allocation Comparison

Sectors	TMAT	GTEK
Technology	53.0%	74.5%
Industrials	23.0%	8.1%
Basic Materials	11.2%	3.4%
Healthcare	8.7%	1.1%
Communication Services	2.4%	3.7%
Utilities	2.2%	-
Financial Services	2.1%	1.2%
Consumer Cyclical	1.6%	4.9%
Energy	0.3%	-
Consumer Defensive	-	-
Real Estate	-	2.3%

Return for Risk

TMAT vs. GTEK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TMAT

TMAT Risk / Return Rank: 29
TMAT Sharpe Ratio Rank: 32
TMAT Sortino Ratio Rank: 30
TMAT Omega Ratio Rank: 29
TMAT Calmar Ratio Rank: 29
TMAT Martin Ratio Rank: 25

GTEK

GTEK Risk / Return Rank: 82
GTEK Sharpe Ratio Rank: 82
GTEK Sortino Ratio Rank: 73
GTEK Omega Ratio Rank: 73
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TMAT vs. GTEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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.

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	GTEK	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.06	-1.13
Sortino ratio: Return per unit of downside risk	1.37	2.61	-1.24
Omega ratio: Gain probability vs. loss probability	1.17	1.34	-0.17
Calmar ratio: Return relative to maximum drawdown	1.15	5.51	-4.35
Martin ratio: Return relative to average drawdown	2.66	16.03	-13.38

TMAT vs. GTEK - Sharpe Ratio Comparison

The current TMAT Sharpe Ratio is 0.94, which is lower than the GTEK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of TMAT and GTEK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TMAT vs. GTEK - Drawdown Comparison

The maximum TMAT drawdown since its inception was -58.55%, which is greater than GTEK's maximum drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for TMAT and GTEK.

Drawdown Indicators

	TMAT	GTEK	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-53.77%	-4.78%
Max Drawdown (1Y) Largest decline over 1 year	-21.63%	-11.13%	-10.50%
Max Drawdown (3Y) Largest decline over 3 years	-33.42%	-27.49%	-5.93%
Max Drawdown (5Y) Largest decline over 5 years	-51.86%	—	—
Current Drawdown Current decline from peak	-5.47%	-8.53%	+3.06%
Average Drawdown Average peak-to-trough decline	-31.65%	-26.98%	-4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.38%	3.82%	+5.56%

Volatility

TMAT vs. GTEK - Volatility Comparison

The current volatility for Main Thematic Innovation ETF (TMAT) is 10.39%, while Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a volatility of 11.82%. This indicates that TMAT experiences smaller price fluctuations and is considered to be less risky than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMAT	GTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.39%	11.82%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	20.25%	26.11%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	26.65%	29.70%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.01%	28.82%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.81%	28.82%	+1.99%

TMAT vs. GTEK - Expense Ratio Comparison

TMAT has a 1.49% expense ratio, which is higher than GTEK's 0.75% expense ratio.

Dividends

TMAT vs. GTEK - Dividend Comparison

TMAT's dividend yield for the trailing twelve months is around 0.02%, while GTEK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%	0.00%
TMAT Main Thematic Innovation ETF	0.02%	0.02%	0.00%	0.00%	0.34%	0.20%

Frequently Asked Questions

Can I hold both TMAT and GTEK in my portfolio?

TMAT and GTEK have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMAT or GTEK?

GTEK has higher volatility (11.82%) compared to TMAT (10.39%). In terms of maximum drawdown, TMAT dropped -58.55% vs GTEK's -53.77%.

Which ETF is better, TMAT or GTEK?

On 3-year performance, GTEK leads with 30.01% vs 23.35% for TMAT. On fees, GTEK is cheaper at 0.75% per year. On volatility, TMAT has been the lower-risk option at 10.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TMAT or GTEK?

Over the 3-year period, GTEK has performed better with a 30.01% return vs 23.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TMAT or GTEK?

GTEK is cheaper with a 0.75% expense ratio, compared with 1.49% for TMAT.

Which ETF pays a higher dividend yield, TMAT or GTEK?

TMAT has the higher dividend yield at 0.02%, compared with 0.00% for GTEK.

What is the main difference between TMAT and GTEK?

They also come from different issuers: Main Management and Goldman Sachs. Their fees differ too: 1.49% for TMAT and 0.75% for GTEK.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (2.06 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.