TMAT vs. XLKI

Last updated Jun 24, 2026

TMAT (Main Thematic Innovation ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. TMAT is passively managed, while XLKI is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. TMAT charges 1.49%/yr vs 0.35%/yr for XLKI.

Performance

TMAT vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main Thematic Innovation ETF (TMAT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMAT achieves a 18.93% return, which is significantly higher than XLKI's 13.50% return.

TMAT

• 1D: -3.52%
• 1M: 3.97%
• YTD: 18.93%
• 6M: 16.10%
• 1Y: 34.95%
• 3Y*: 27.57%
• 5Y*: 4.62%
• 10Y*: —

XLKI

• 1D: -2.85%
• 1M: -1.72%
• YTD: 13.50%
• 6M: 13.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMAT vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
TMAT Main Thematic Innovation ETF	18.93%	2.19%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	13.50%	10.02%

Correlation

The correlation between TMAT and XLKI is 0.79, 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 Jul 30, 2025	0.79

TMAT vs. XLKI - Sectors Allocation Comparison

Sectors	TMAT	XLKI
Technology	53.0%	99.0%
Industrials	23.0%	-
Basic Materials	11.2%	-
Healthcare	8.7%	-
Communication Services	2.4%	1.0%
Utilities	2.2%	-
Financial Services	2.1%	106.8%
Consumer Cyclical	1.6%	-
Energy	0.3%	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

TMAT vs. XLKI — Risk / Return Rank

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

TMAT

TMAT Risk / Return Rank: 36
TMAT Sharpe Ratio Rank: 41
TMAT Sortino Ratio Rank: 38
TMAT Omega Ratio Rank: 37
TMAT Calmar Ratio Rank: 35
TMAT Martin Ratio Rank: 29

XLKI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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.

	TMAT	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.85	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	3.77	—	—

Drawdowns

TMAT vs. XLKI - Drawdown Comparison

The maximum TMAT drawdown since its inception was -58.55%, which is greater than XLKI's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for TMAT and XLKI.

Drawdown Indicators

	TMAT	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-10.24%	-48.31%
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 Drawdown Current decline from peak	-4.36%	-4.34%	-0.02%
Average Drawdown Average peak-to-trough decline	-31.93%	-1.76%	-30.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.30%	—	—

Volatility

Volatility by Period

	TMAT	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.75%	18.48%	+7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.83%	18.48%	+12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.75%	18.48%	+12.27%

TMAT vs. XLKI - Expense Ratio Comparison

TMAT has a 1.49% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

TMAT vs. XLKI - Dividend Comparison

TMAT's dividend yield for the trailing twelve months is around 0.02%, less than XLKI's 14.74% 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%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	14.74%	8.52%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMAT and XLKI in my portfolio?

TMAT and XLKI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMAT or XLKI?

On fees, XLKI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMAT or XLKI?

XLKI is cheaper with a 0.35% expense ratio, compared with 1.49% for TMAT.

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

XLKI has the higher dividend yield at 14.74%, compared with 0.02% for TMAT.

What is the main difference between TMAT and XLKI?

They also come from different issuers: Main Management and State Street. Their fees differ too: 1.49% for TMAT and 0.35% for XLKI.