TMAT vs. SECT

Last updated Jun 4, 2026

TMAT (Main Thematic Innovation ETF) and SECT (Main Sector Rotation ETF) are both exchange-traded funds - TMAT is a Technology Equities fund tracking the MSCI ACWI Index, while SECT is a Large Cap Blend Equities fund actively managed by Main Management. TMAT is passively managed, while SECT is actively managed. Over the past 5 years, TMAT returned 5.97%/yr vs 12.80%/yr for SECT. Their correlation of 0.81 suggests significant overlap in exposure. TMAT charges 1.49%/yr vs 0.78%/yr for SECT.

Performance

TMAT vs. SECT - Performance Comparison

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

Returns By Period

In the year-to-date period, TMAT achieves a 23.07% return, which is significantly higher than SECT's 11.86% return.

TMAT

• 1D: -1.03%
• 1M: 14.89%
• YTD: 23.07%
• 6M: 18.18%
• 1Y: 44.13%
• 3Y*: 28.88%
• 5Y*: 5.97%
• 10Y*: —

SECT

• 1D: -0.53%
• 1M: 7.71%
• YTD: 11.86%
• 6M: 12.38%
• 1Y: 31.19%
• 3Y*: 20.34%
• 5Y*: 12.80%
• 10Y*: —

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

TMAT vs. SECT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TMAT Main Thematic Innovation ETF	23.07%	20.06%	27.20%	32.32%	-39.29%	-17.01%
SECT Main Sector Rotation ETF	11.86%	17.80%	18.61%	21.10%	-12.80%	27.28%

Correlation

The correlation between TMAT and SECT is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 1, 2021	0.81

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

TMAT vs. SECT - Sectors Allocation Comparison

Sectors	TMAT	SECT
Technology	50.5%	38.9%
Industrials	26.2%	10.7%
Basic Materials	9.1%	4.0%
Healthcare	8.9%	2.6%
Utilities	2.5%	0.1%
Communication Services	2.4%	12.0%
Financial Services	2.1%	14.4%
Consumer Cyclical	1.9%	12.7%
Energy	0.8%	4.3%
Consumer Defensive	-	0.5%
Real Estate	-	0.0%

Return for Risk

TMAT vs. SECT — Risk / Return Rank

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

TMAT

TMAT Risk / Return Rank: 44
TMAT Sharpe Ratio Rank: 53
TMAT Sortino Ratio Rank: 48
TMAT Omega Ratio Rank: 46
TMAT Calmar Ratio Rank: 41
TMAT Martin Ratio Rank: 32

SECT

SECT Risk / Return Rank: 68
SECT Sharpe Ratio Rank: 73
SECT Sortino Ratio Rank: 71
SECT Omega Ratio Rank: 71
SECT Calmar Ratio Rank: 59
SECT Martin Ratio Rank: 66

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. SECT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and Main Sector Rotation ETF (SECT). 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	SECT	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.41	-0.58
Sortino ratio: Return per unit of downside risk	2.41	3.26	-0.85
Omega ratio: Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio: Return relative to maximum drawdown	2.05	2.93	-0.88
Martin ratio: Return relative to average drawdown	4.80	12.13	-7.33
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. SECT - Sharpe Ratio Comparison

The current TMAT Sharpe Ratio is 1.83, which is comparable to the SECT Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of TMAT and SECT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TMAT	SECT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.41	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.72	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.69	-0.55

Drawdowns

TMAT vs. SECT - Drawdown Comparison

The maximum TMAT drawdown since its inception was -58.55%, which is greater than SECT's maximum drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for TMAT and SECT.

Drawdown Indicators

	TMAT	SECT	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-38.09%	-20.46%
Max Drawdown (1Y) Largest decline over 1 year	-21.63%	-10.71%	-10.92%
Max Drawdown (3Y) Largest decline over 3 years	-33.42%	-21.71%	-11.71%
Max Drawdown (5Y) Largest decline over 5 years	-52.10%	-21.71%	-30.39%
Current Drawdown Current decline from peak	-1.03%	-0.53%	-0.50%
Average Drawdown Average peak-to-trough decline	-32.21%	-4.65%	-27.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	2.58%	+6.63%

Volatility

TMAT vs. SECT - Volatility Comparison

Main Thematic Innovation ETF (TMAT) has a higher volatility of 7.33% compared to Main Sector Rotation ETF (SECT) at 3.46%. This indicates that TMAT's price experiences larger fluctuations and is considered to be riskier than SECT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMAT	SECT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	3.46%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	16.97%	9.62%	+7.35%
Volatility (1Y) Calculated over the trailing 1-year period	24.27%	13.01%	+11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.53%	17.80%	+12.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.62%	20.13%	+10.49%

TMAT vs. SECT - Expense Ratio Comparison

TMAT has a 1.49% expense ratio, which is higher than SECT's 0.78% expense ratio.

Dividends

TMAT vs. SECT - Dividend Comparison

TMAT's dividend yield for the trailing twelve months is around 0.02%, less than SECT's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SECT Main Sector Rotation ETF	0.60%	0.32%	0.45%	0.84%	0.86%	0.60%	1.37%	0.77%	1.67%	0.50%
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%

Frequently Asked Questions

Can I hold both TMAT and SECT in my portfolio?

TMAT and SECT have a correlation of 0.81, 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 SECT?

TMAT has higher volatility (7.33%) compared to SECT (3.46%). In terms of maximum drawdown, TMAT dropped -58.55% vs SECT's -38.09%.

Which ETF is better, TMAT or SECT?

On 5-year performance, SECT leads with 12.80% vs 5.97% for TMAT. On fees, SECT is cheaper at 0.78% per year. On volatility, SECT has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TMAT or SECT?

Over the 5-year period, SECT has performed better with a 12.80% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TMAT or SECT?

SECT is cheaper with a 0.78% expense ratio, compared with 1.49% for TMAT.

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

SECT has the higher dividend yield at 0.60%, compared with 0.02% for TMAT.

What is the main difference between TMAT and SECT?

TMAT is categorized as Technology Equities, while SECT is Large Cap Blend Equities. Their fees differ too: 1.49% for TMAT and 0.78% for SECT.

Which has better risk-adjusted returns?

SECT currently has the higher Sharpe Ratio (2.41 vs 1.83), 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.