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TMAT vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TMAT vs. QQQ

Last updated Aug 2, 2026
Documentation

TMAT (Main Thematic Innovation ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TMAT is a Technology Equities fund tracking the MSCI ACWI Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, TMAT returned 3.99%/yr vs 14.23%/yr for QQQ. Their correlation of 0.81 means they have usually moved in the same direction. TMAT charges 1.49%/yr vs 0.18%/yr for QQQ.

Performance

TMAT vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main Thematic Innovation ETF (TMAT) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TMAT achieves a 10.76% return, which is significantly lower than QQQ's 12.26% return.

TMAT

1D
0.37%
1M
-6.20%
6M
13.39%
YTD
10.76%
1Y
15.71%
3Y*
20.08%
5Y*
3.99%
10Y*
—
ALL TIME*
1.98%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

TMAT

Main Thematic Innovation ETF
$1.50M$963.02K$629.65K

TMAT vs. QQQ - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TMAT
Main Thematic Innovation ETF		10.76%20.06%27.20%32.32%-39.29%-18.01%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%54.86%-32.58%24.41%

Correlation

The correlation between TMAT and QQQ is 0.84, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.84

Correlation (3Y)
Balances recent behavior with more history.

0.81

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (All Time)
Calculated using the full available price history since Jan 29, 2021

0.81

The correlation between TMAT and QQQ has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

TMAT vs. QQQ - Sectors Allocation Comparison

Sectors
TMAT
QQQ

Technology

54.9%
60.9%

Industrials

22.7%
2.7%

Healthcare

9.6%
3.6%

Basic Materials

9.1%
1.0%

Communication Services

2.4%
13.1%

Financial Services

2.1%
0.2%

Utilities

2.0%
1.1%

Consumer Cyclical

1.4%
10.7%

Energy

0.3%
0.5%

Consumer Defensive

-

6.3%

Real Estate

-

0.1%

Technology

TMAT
54.9%
QQQ
60.9%

Industrials

TMAT
22.7%
QQQ
2.7%

Healthcare

TMAT
9.6%
QQQ
3.6%

Basic Materials

TMAT
9.1%
QQQ
1.0%

Communication Services

TMAT
2.4%
QQQ
13.1%

Financial Services

TMAT
2.1%
QQQ
0.2%

Utilities

TMAT
2.0%
QQQ
1.1%

Consumer Cyclical

TMAT
1.4%
QQQ
10.7%

Energy

TMAT
0.3%
QQQ
0.5%

Consumer Defensive

TMAT

-

QQQ
6.3%

Real Estate

TMAT

-

QQQ
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Main Thematic Innovation ETF

Invesco QQQ ETF

Often compared with TMAT:
TMAT vs. UAETMAT vs. FTECTMAT vs. QTUM-USDTMAT vs. AIQTMAT vs. arkkTMAT vs. SFLOTMAT vs. MGK
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

TMAT vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TMAT
TMAT Risk / Return Rank: 2121
Overall Rank
TMAT Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
TMAT Sortino Ratio Rank: 2222
Sortino Ratio Rank
TMAT Omega Ratio Rank: 2121
Omega Ratio Rank
TMAT Calmar Ratio Rank: 2121
Calmar Ratio Rank
TMAT Martin Ratio Rank: 2020
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TMAT vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and Invesco QQQ ETF (QQQ). 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.

TMATQQQDifference
Sharpe ratioReturn per unit of total volatility
0.45
1.16

-0.71

Sortino ratioReturn per unit of downside risk
0.79
1.65

-0.86

Omega ratioGain probability vs. loss probability

1.09

1.21

-0.11

Calmar ratioReturn relative to maximum drawdown

0.57

1.88

-1.30

Martin ratioReturn relative to average drawdown

1.28

6.00

-4.72

TMAT vs. QQQ - Sharpe Ratio Comparison

The current TMAT Sharpe Ratio is 0.45, which is lower than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of TMAT and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TMAT vs. QQQ - Drawdown Comparison

The maximum TMAT drawdown since its inception was -58.55%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TMAT and QQQ.

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Drawdown Indicators

TMATQQQDifference

Max Drawdown

Largest peak-to-trough decline

-58.55%

-82.97%

+24.42%

Max Drawdown (1Y)

Largest decline over 1 year

-21.63%

-11.96%

-9.67%

Max Drawdown (3Y)

Largest decline over 3 years

-33.42%

-22.77%

-10.65%

Max Drawdown (5Y)

Largest decline over 5 years

-51.86%

-35.12%

-16.74%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-11.87%

-7.69%

-4.18%

Average Drawdown

Average peak-to-trough decline

-31.45%

-32.62%

+1.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.69%

3.74%

+5.95%

Volatility

TMAT vs. QQQ - Volatility Comparison

Main Thematic Innovation ETF (TMAT) has a higher volatility of 9.84% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that TMAT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TMATQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.84%

6.87%

+2.97%

Volatility (6M)

Calculated over the trailing 6-month period

21.23%

16.08%

+5.15%

Volatility (1Y)

Calculated over the trailing 1-year period

27.49%

19.38%

+8.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.10%

22.90%

+8.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.83%

22.50%

+8.33%

TMAT vs. QQQ - Expense Ratio Comparison

TMAT has a 1.49% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TMAT vs. QQQ - Dividend Comparison

TMAT's dividend yield for the trailing twelve months is around 0.02%, less than QQQ's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
TMAT
Main Thematic Innovation ETF		0.02%0.02%0.00%0.00%0.34%0.20%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TMAT and QQQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TMAT has higher volatility (9.84%) compared to QQQ (6.87%). In terms of maximum drawdown, TMAT dropped -58.55% vs QQQ's -82.97%.

On 5-year performance, QQQ leads with 14.23% vs 3.99% for TMAT. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQ has performed better with a 14.23% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 1.49% for TMAT.

QQQ has the higher dividend yield at 0.44%, compared with 0.02% for TMAT.

TMAT is categorized as Technology Equities, while QQQ is Nasdaq-100. TMAT tracks MSCI ACWI Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Main and Invesco. Their fees differ too: 1.49% for TMAT and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (1.16 vs 0.45), 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.

Portfolio Optimizer

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