XLKI vs. TMAT

Last updated Apr 2, 2026

Compare and contrast key facts about State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and Main Thematic Innovation ETF (TMAT).

XLKI and TMAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLKI is an actively managed fund by State Street. It was launched on Jul 29, 2025. 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

XLKI vs. TMAT - Performance Comparison

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

XLKI vs. TMAT - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	-1.78%	10.07%
TMAT Main Thematic Innovation ETF	-5.56%	1.52%

Returns By Period

In the year-to-date period, XLKI achieves a -1.78% return, which is significantly higher than TMAT's -5.56% return.

XLKI

• 1D: 1.47%
• 1M: -1.40%
• YTD: -1.78%
• 6M: 1.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMAT

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

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

XLKI vs. TMAT - Expense Ratio Comparison

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

TMAT

Main Thematic Innovation ETF

XLKI

State Street Technology Select Sector SPDR Premium Income ETF

Return for Risk

XLKI vs. TMAT — 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

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.

XLKI vs. TMAT - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	XLKI	TMAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	-0.02	+0.74

Correlation

The correlation between XLKI and TMAT is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XLKI vs. TMAT - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 13.18%, more than TMAT's 0.02% yield.

	TTM	2025	2024	2023	2022	2021
XLKI State Street Technology Select Sector SPDR Premium Income ETF	13.18%	8.52%	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%

Drawdowns

XLKI vs. TMAT - Drawdown Comparison

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

Drawdown Indicators

	XLKI	TMAT	Difference
Max Drawdown Largest peak-to-trough decline	-10.24%	-58.55%	+48.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-52.61%	—
Current Drawdown Current decline from peak	-5.19%	-17.51%	+12.32%
Average Drawdown Average peak-to-trough decline	-1.91%	-33.06%	+31.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.77%	—

Volatility

Volatility by Period

	XLKI	TMAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	29.80%	-12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	30.49%	-13.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	30.78%	-13.52%