TMAT vs. TRUT
TMAT (Main Thematic Innovation ETF) and TRUT (Vaneck Technology Trusector ETF) are both Technology Equities funds. TMAT is passively managed, while TRUT is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. TMAT charges 1.49%/yr vs 0.13%/yr for TRUT.
Performance
TMAT vs. TRUT - Performance Comparison
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Returns By Period
In the year-to-date period, TMAT achieves a 23.07% return, which is significantly lower than TRUT's 25.30% return.
TMAT
- 1D
- -1.03%
- 1M
- 14.89%
- YTD
- 23.07%
- 6M
- 18.18%
- 1Y
- 44.13%
- 3Y*
- 28.88%
- 5Y*
- 5.97%
- 10Y*
- —
TRUT
- 1D
- -1.46%
- 1M
- 16.68%
- YTD
- 25.30%
- 6M
- 24.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMAT vs. TRUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMAT Main Thematic Innovation ETF | 23.07% | 2.31% |
TRUT Vaneck Technology Trusector ETF | 25.30% | 10.16% |
Correlation
The correlation between TMAT and TRUT is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.74 |
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Return for Risk
TMAT vs. TRUT — Risk / Return Rank
TMAT
TRUT
TMAT vs. TRUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and Vaneck Technology Trusector ETF (TRUT). 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 | TRUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | — | — |
| Martin ratioReturn relative to average drawdown | 4.80 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMAT | TRUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | — | — |
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 | 2.39 | -2.25 |
Drawdowns
TMAT vs. TRUT - Drawdown Comparison
The maximum TMAT drawdown since its inception was -58.55%, which is greater than TRUT's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for TMAT and TRUT.
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Drawdown Indicators
| TMAT | TRUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -18.55% | -40.00% |
Max Drawdown (1Y)Largest decline over 1 year | -21.63% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -33.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.10% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.46% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -32.21% | -5.17% | -27.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | — | — |
Volatility
TMAT vs. TRUT - Volatility Comparison
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Volatility by Period
| TMAT | TRUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 21.53% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.53% | 21.53% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 21.53% | +9.09% |
TMAT vs. TRUT - Expense Ratio Comparison
TMAT has a 1.49% expense ratio, which is higher than TRUT's 0.13% expense ratio.
Dividends
TMAT vs. TRUT - Dividend Comparison
TMAT's dividend yield for the trailing twelve months is around 0.02%, less than TRUT's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TMAT Main Thematic Innovation ETF | 0.02% | 0.02% | 0.00% | 0.00% | 0.34% | 0.20% |
TRUT Vaneck Technology Trusector ETF | 0.19% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMAT and TRUT have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRUT is cheaper with a 0.13% expense ratio, compared with 1.49% for TMAT.
TRUT has the higher dividend yield at 0.19%, compared with 0.02% for TMAT.
They also come from different issuers: Main Management and VanEck. Their fees differ too: 1.49% for TMAT and 0.13% for TRUT.
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