IALT vs TMAT
Comparison between iShares Systematic Alternatives Active ETF (IALT, ETF) and MAIN THEMATIC INNOVATION ETF (TMAT, ETF).
IALT vs TMAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IALT
$210M
Winner
TMAT
$211M
Expense Ratio
IALT
0.99%
Winner
TMAT
0.82%
Max Drawdown
Winner
IALT
1.47%
TMAT
58.64%
Sharpe Ratio
Winner
IALT
2.82
TMAT
1.11
5Y Beta
Winner
IALT
0.27
TMAT
1.52
P/E Ratio
IALT
N/A
TMAT
52.30
Forward P/E
IALT
N/A
TMAT
29.04
5Y EPS CAGR
IALT
N/A
TMAT
17.16%
P/S Ratio
IALT
N/A
TMAT
3.93
P/B Ratio
IALT
N/A
TMAT
7.74
IALT vs TMAT - Holdings Comparison
IALT and TMAT have 62 common holdings. Overlap is -11.76%
IALT's top 25 holdings weight is 156.45%. TMAT's top 25 holdings weight is 50.26%.
| Rank | IALT | TMAT |
|---|---|---|
| #1 | CASH OFFSET (n/a) - 21.13% | MICRON TECHNOLOGY INC (MU) - 3.74% |
| #2 | CNY/USD PURCHASED (n/a) - 13.10% | PALO ALTO NETWORKS INC (PANW) - 3.39% |
| #3 | BRL/USD PURCHASED (n/a) - 13.09% | VICOR CORP (VICR) - 2.72% |
| #4 | EUR/USD PURCHASED (n/a) - 12.45% | CIENA CORP (CIEN) - 2.65% |
| #5 | CAD/USD PURCHASED (n/a) - 11.50% | LUMENTUM HOLDINGS INC (LITE) - 2.64% |
| #6 | AUD/USD PURCHASED (n/a) - 9.64% | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 2.56% |
| #7 | INR/USD PURCHASED (n/a) - 8.48% | AAON INC (AAON) - 2.49% |
| #8 | CHF/EUR PURCHASED (n/a) - 8.42% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.33% |
| #9 | ZAR/USD PURCHASED (n/a) - 7.64% | FORTINET INC (FTNT) - 2.11% |
| #10 | GBP/USD PURCHASED (n/a) - 7.16% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 2.05% |
| #11 | NZD/USD PURCHASED (n/a) - 6.76% | ADVANCED MICRO DEVICES INC (AMD) - 1.95% |
| #12 | JPY/USD PURCHASED (n/a) - 6.03% | MODINE MANUFACTURING CO (MOD) - 1.82% |
| #13 | NOK/EUR PURCHASED (n/a) - 5.95% | VERTIV HOLDINGS CO CLASS A (VRT) - 1.71% |
| #14 | SEK/EUR PURCHASED (n/a) - 5.48% | n/a (BSY) - 1.70% |
| #15 | MXN/USD PURCHASED (n/a) - 5.39% | RUBRIK INC CLASS A SHARES (RBRK) - 1.65% |
| #16 | KRW/USD PURCHASED (n/a) - 3.64% | GENERAC HOLDINGS INC (GNRC) - 1.61% |
| #17 | SGD/USD PURCHASED (n/a) - 1.71% | AUTODESK INC (ADSK) - 1.60% |
| #18 | CHF CASH (n/a) - 1.64% | n/a (HNGE) - 1.50% |
| #19 | SEK CASH (n/a) - 1.61% | TERADYNE INC (TER) - 1.50% |
| #20 | ICE: (CDX.NA.IG.46.V1) (n/a) - 1.26% | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 1.48% |
| #21 | DKK CASH (n/a) - 1.17% | GE VERNOVA INC (GEV) - 1.45% |
| #22 | ICE: (ITRAXX.XO.45.V1) (n/a) - 0.96% | VIAVI SOLUTIONS INC (VIAV) - 1.41% |
| #23 | 3M CO (MMM) - 0.78% | MYR GROUP INC (MYRG) - 1.41% |
| #24 | SGD CASH (n/a) - 0.74% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.41% |
| #25 | INTESA SANPAOLO (n/a) - 0.72% | BLACKBERRY LTD (BB) - 1.38% |
| Total Holdings | 1757 | 89 |
IALT vs TMAT - Historical Returns
Returns include dividend reinvestment.
1M
IALT
+0.86%
Winner
TMAT
+5.68%
3M
IALT
+6.71%
Winner
TMAT
+16.31%
6M
Winner
IALT
+12.66%
TMAT
+8.97%
1Y
IALT
N/A
TMAT
+33.33%
5Y(CAGR)
IALT
N/A
TMAT
+4.47%
Max(CAGR)
Winner
IALT
+27.88%
TMAT
+2.92%
IALT vs TMAT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | IALT | TMAT |
|---|---|---|
| 2026 | +11.53% | +13.45% |
| 2025 | +0.73% | +18.16% |
| 2024 | N/A | +30.39% |
| 2023 | N/A | +32.08% |
| 2022 | N/A | -39.69% |
| 2021 | N/A | -17.01% |
IALT vs TMAT Drawdown Comparison
The maximum drawdown for IALT was -1.47%, occurring on Apr 14, 2026. Recovery took 10 trading sessions.
The maximum drawdown for TMAT was -58.55%, occurring on Oct 14, 2022. Recovery took 1155 trading sessions.
The current IALT drawdown is -1.22%. The current TMAT drawdown is -7.85%.
| Rank | IALT | TMAT |
|---|---|---|
| #1 | -1.47% Apr 10, 2026 - Apr 24, 2026 | -58.55% Feb 12, 2021 - Sep 19, 2025 |
| #2 | -1.28% Feb 3, 2026 - Feb 6, 2026 | -21.63% Oct 9, 2025 - May 26, 2026 |
| #3 | -1.22% Jun 2, 2026 - Jun 5, 2026 | -7.85% Jun 2, 2026 - Jun 5, 2026 |
| #4 | -1.12% Mar 10, 2026 - Mar 17, 2026 | -3.88% Sep 22, 2025 - Oct 6, 2025 |
| #5 | -0.81% Jan 14, 2026 - Jan 27, 2026 | -1.55% May 26, 2026 - May 29, 2026 |
| #6 | -0.79% May 18, 2026 - Jun 1, 2026 | -1.35% Oct 6, 2025 - Oct 8, 2025 |
| #7 | -0.76% Feb 10, 2026 - Feb 20, 2026 | -0.46% Feb 10, 2021 - Feb 12, 2021 |
| #8 | -0.74% Jan 29, 2026 - Feb 3, 2026 | N/A |
| #9 | -0.61% Mar 2, 2026 - Mar 4, 2026 | N/A |
| #10 | -0.61% May 13, 2026 - May 18, 2026 | N/A |
| #11 | -0.60% Mar 25, 2026 - Mar 31, 2026 | N/A |
| #12 | -0.57% Apr 27, 2026 - Apr 30, 2026 | N/A |
| #13 | -0.54% Dec 10, 2025 - Dec 19, 2025 | N/A |
| #14 | -0.46% May 1, 2026 - May 11, 2026 | N/A |
| #15 | -0.45% Dec 24, 2025 - Jan 5, 2026 | N/A |
Correlation
Correlation between IALT and TMAT is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.68
-101
Dividend Comparison (2021 - 2025)
IALT vs TMAT dividend yield comparison.
| Year | IALT | TMAT |
|---|---|---|
| 2025 | 0.14% | 0.02% |
| 2022 | 0.00% | 0.34% |
| 2021 | 0.00% | 0.20% |
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