TMAT vs. QTUM-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Main Thematic Innovation ETF (TMAT) and QTUM (QTUM-USD).

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.

Performance

TMAT vs. QTUM-USD - Performance Comparison

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

TMAT vs. QTUM-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TMAT Main Thematic Innovation ETF	-5.56%	20.06%	27.20%	32.32%	-39.29%	-17.01%
QTUM-USD QTUM	-31.09%	-55.51%	-19.33%	103.93%	-79.08%	162.97%

Returns By Period

In the year-to-date period, TMAT achieves a -5.56% return, which is significantly higher than QTUM-USD's -31.09% return.

TMAT

• 1D: 1.85%
• 1M: -5.75%
• YTD: -5.56%
• 6M: -13.53%
• 1Y: 32.46%
• 3Y*: 18.67%
• 5Y*: -0.10%
• 10Y*: —

QTUM-USD

• 1D: 3.55%
• 1M: -1.12%
• YTD: -31.09%
• 6M: -58.99%
• 1Y: -53.33%
• 3Y*: -33.16%
• 5Y*: -38.17%
• 10Y*: —

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

Return for Risk

TMAT vs. QTUM-USD — Risk / Return Rank

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

TMAT

TMAT Risk / Return Rank: 54
TMAT Sharpe Ratio Rank: 59
TMAT Sortino Ratio Rank: 62
TMAT Omega Ratio Rank: 55
TMAT Calmar Ratio Rank: 57
TMAT Martin Ratio Rank: 39

QTUM-USD

QTUM-USD Risk / Return Rank: 49
QTUM-USD Sharpe Ratio Rank: 36
QTUM-USD Sortino Ratio Rank: 41
QTUM-USD Omega Ratio Rank: 41
QTUM-USD Calmar Ratio Rank: 64
QTUM-USD Martin Ratio Rank: 61

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. QTUM-USD - Risk-Adjusted Trends Comparison

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

	TMAT	QTUM-USD	Difference
Sharpe ratio Return per unit of total volatility	1.09	-0.65	+1.75
Sortino ratio Return per unit of downside risk	1.63	-0.73	+2.36
Omega ratio Gain probability vs. loss probability	1.21	0.93	+0.29
Calmar ratio Return relative to maximum drawdown	1.55	-1.00	+2.55
Martin ratio Return relative to average drawdown	3.83	-1.51	+5.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMAT vs. QTUM-USD - Sharpe Ratio Comparison

The current TMAT Sharpe Ratio is 1.09, which is higher than the QTUM-USD Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of TMAT and QTUM-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TMAT	QTUM-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	-0.65	+1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	-0.36	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	-0.22	+0.19

Correlation

The correlation between TMAT and QTUM-USD is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

TMAT vs. QTUM-USD - Drawdown Comparison

The maximum TMAT drawdown since its inception was -58.55%, smaller than the maximum QTUM-USD drawdown of -99.16%. Use the drawdown chart below to compare losses from any high point for TMAT and QTUM-USD.

Drawdown Indicators

	TMAT	QTUM-USD	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-99.16%	+40.61%
Max Drawdown (1Y) Largest decline over 1 year	-21.63%	-74.30%	+52.67%
Max Drawdown (5Y) Largest decline over 5 years	-52.61%	-97.08%	+44.47%
Current Drawdown Current decline from peak	-17.51%	-99.03%	+81.52%
Average Drawdown Average peak-to-trough decline	-33.06%	-93.16%	+60.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.77%	49.03%	-40.26%

Volatility

TMAT vs. QTUM-USD - Volatility Comparison

The current volatility for Main Thematic Innovation ETF (TMAT) is 8.02%, while QTUM (QTUM-USD) has a volatility of 20.24%. This indicates that TMAT experiences smaller price fluctuations and is considered to be less risky than QTUM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMAT	QTUM-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	20.24%	-12.22%
Volatility (6M) Calculated over the trailing 6-month period	18.77%	62.01%	-43.24%
Volatility (1Y) Calculated over the trailing 1-year period	29.80%	68.14%	-38.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.49%	87.56%	-57.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.78%	100.19%	-69.41%