TMAT vs. STHH

Last updated Jun 4, 2026

TMAT (Main Thematic Innovation ETF) and STHH (STMicroelectronics NV ADRhedged) are both Technology Equities funds - TMAT tracks the MSCI ACWI Index while STHH tracks the STMicroelectronics NV Local Shares Total Return. Both are passively managed. Over the past year, TMAT returned 44.13% vs 209.77% for STHH. A 0.52 correlation means they provide meaningful diversification when combined. TMAT charges 1.49%/yr vs 0.19%/yr for STHH.

Performance

TMAT vs. STHH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main Thematic Innovation ETF (TMAT) and STMicroelectronics NV ADRhedged (STHH). 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 lower than STHH's 209.56% return.

TMAT

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

STHH

• 1D: 0.46%
• 1M: 45.30%
• YTD: 209.56%
• 6M: 210.55%
• 1Y: 209.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMAT vs. STHH - Yearly Performance Comparison

	2026 (YTD)	2025
TMAT Main Thematic Innovation ETF	23.07%	42.46%
STHH STMicroelectronics NV ADRhedged	209.56%	16.74%

Correlation

The correlation between TMAT and STHH is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.52

The correlation between TMAT and STHH has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

Return for Risk

TMAT vs. STHH — 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

STHH

STHH Risk / Return Rank: 89
STHH Sharpe Ratio Rank: 96
STHH Sortino Ratio Rank: 90
STHH Omega Ratio Rank: 91
STHH Calmar Ratio Rank: 92
STHH Martin Ratio Rank: 75

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. STHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and STMicroelectronics NV ADRhedged (STHH). 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	STHH	Difference
Sharpe ratio: Return per unit of total volatility	1.83	4.20	-2.37
Sortino ratio: Return per unit of downside risk	2.41	4.20	-1.80
Omega ratio: Gain probability vs. loss probability	1.30	1.60	-0.30
Calmar ratio: Return relative to maximum drawdown	2.05	6.23	-4.18
Martin ratio: Return relative to average drawdown	4.80	14.15	-9.35
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. STHH - Sharpe Ratio Comparison

The current TMAT Sharpe Ratio is 1.83, which is lower than the STHH Sharpe Ratio of 4.20. The chart below compares the historical Sharpe Ratios of TMAT and STHH, 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	STHH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	4.20	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	4.44	-4.30

Drawdowns

TMAT vs. STHH - Drawdown Comparison

The maximum TMAT drawdown since its inception was -58.55%, which is greater than STHH's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for TMAT and STHH.

Drawdown Indicators

	TMAT	STHH	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-33.89%	-24.66%
Max Drawdown (1Y) Largest decline over 1 year	-21.63%	-33.89%	+12.26%
Max Drawdown (3Y) Largest decline over 3 years	-33.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.10%	—	—
Current Drawdown Current decline from peak	-1.03%	0.00%	-1.03%
Average Drawdown Average peak-to-trough decline	-32.21%	-10.46%	-21.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	14.90%	-5.69%

Volatility

TMAT vs. STHH - Volatility Comparison

The current volatility for Main Thematic Innovation ETF (TMAT) is 7.33%, while STMicroelectronics NV ADRhedged (STHH) has a volatility of 20.33%. This indicates that TMAT experiences smaller price fluctuations and is considered to be less risky than STHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMAT	STHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	20.33%	-13.00%
Volatility (6M) Calculated over the trailing 6-month period	16.97%	36.77%	-19.80%
Volatility (1Y) Calculated over the trailing 1-year period	24.27%	50.39%	-26.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.53%	49.44%	-18.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.62%	49.44%	-18.82%

TMAT vs. STHH - Expense Ratio Comparison

TMAT has a 1.49% expense ratio, which is higher than STHH's 0.19% expense ratio.

Dividends

TMAT vs. STHH - Dividend Comparison

TMAT's dividend yield for the trailing twelve months is around 0.02%, less than STHH's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021
STHH STMicroelectronics NV ADRhedged	0.55%	0.69%	0.00%	0.00%	0.00%	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 STHH in my portfolio?

TMAT and STHH have a correlation of 0.50, 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 STHH?

STHH has higher volatility (20.33%) compared to TMAT (7.33%). In terms of maximum drawdown, TMAT dropped -58.55% vs STHH's -33.89%.

Which ETF is better, TMAT or STHH?

On 1-year performance, STHH leads with 209.77% vs 44.13% for TMAT. On fees, STHH is cheaper at 0.19% per year. On volatility, TMAT has been the lower-risk option at 7.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TMAT or STHH?

Over the 1-year period, STHH has performed better with a 209.77% return vs 44.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TMAT or STHH?

STHH is cheaper with a 0.19% expense ratio, compared with 1.49% for TMAT.

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

STHH has the higher dividend yield at 0.55%, compared with 0.02% for TMAT.

What is the main difference between TMAT and STHH?

TMAT tracks MSCI ACWI Index, while STHH tracks STMicroelectronics NV Local Shares Total Return. They also come from different issuers: Main Management and ADRhedged. Their fees differ too: 1.49% for TMAT and 0.19% for STHH.

Which has better risk-adjusted returns?

STHH currently has the higher Sharpe Ratio (4.20 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.