SMLV vs TMAT
Comparison between STATE STREET(R) SPDR(R) US SMALL CAP LOW VOLATILITY INDEX ETF (SMLV, ETF) and MAIN THEMATIC INNOVATION ETF (TMAT, ETF).
5-Year PerformanceSMLV has outperformed TMAT, delivering a return of +10.3% compared to +4.6%
SMLV vs TMAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMLV
$255M
Winner
TMAT
$255M
Expense Ratio
Winner
SMLV
0.12%
TMAT
0.82%
Max Drawdown
Winner
SMLV
42.87%
TMAT
58.64%
Sharpe Ratio
Winner
SMLV
1.48
TMAT
0.60
5Y Beta
Winner
SMLV
0.73
TMAT
1.54
P/E Ratio
Winner
SMLV
32.73
TMAT
51.26
Forward P/E
Winner
SMLV
14.25
TMAT
23.97
5Y Dividends CAGR
SMLV
12.18%
TMAT
N/A
5Y EPS CAGR
SMLV
4.74%
Winner
TMAT
20.59%
Debt to Equity
SMLV
62.20%
TMAT
N/A
P/S Ratio
Winner
SMLV
1.62
TMAT
3.82
P/B Ratio
Winner
SMLV
1.74
TMAT
7.27
SMLV vs TMAT - Holdings Comparison
SMLV and TMAT have 3 common holdings. Overlap is 0.42%
SMLV's top 25 holdings weight is 12.91%. TMAT's top 25 holdings weight is 52.31%.
| Rank | SMLV | TMAT |
|---|---|---|
| #1 | E-MINI RUSS 2000 SEP26 XCME 20260918 (n/a) - 0.70% | MICRON TECHNOLOGY INC (MU) - 5.31% |
| #2 | n/a (PECO) - 0.64% | PALO ALTO NETWORKS INC (PANW) - 4.02% |
| #3 | HORACE MANN EDUCATORS CORP (HMN) - 0.63% | VICOR CORP (VICR) - 3.47% |
| #4 | CITY HOLDING CO (CHCO) - 0.59% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.43% |
| #5 | NORTHWESTERN ENERGY GROUP INC (NWE) - 0.58% | FORTINET INC (FTNT) - 2.28% |
| #6 | AMERICAN STATES WATER CO (AWR) - 0.58% | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 2.22% |
| #7 | ATLANTA BRAVES HOLDINGS INC CLASS C (BATRK) - 0.55% | LUMENTUM HOLDINGS INC (LITE) - 2.21% |
| #8 | LANDSTAR SYSTEM INC (LSTR) - 0.55% | AAON INC (AAON) - 2.17% |
| #9 | CHEMED CORP (CHE) - 0.51% | ADVANCED MICRO DEVICES INC (AMD) - 2.10% |
| #10 | MCGRATH RENTCORP (MGRC) - 0.51% | n/a (HNGE) - 2.06% |
| #11 | COMMUNITY TRUST BANCORP INC (CTBI) - 0.51% | BLACKBERRY LTD (BB) - 2.03% |
| #12 | SELECTIVE INSURANCE GROUP INC (SIGI) - 0.51% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 1.87% |
| #13 | MSC INDUSTRIAL DIRECT CO INC CLASS A (MSM) - 0.51% | TERADYNE INC (TER) - 1.81% |
| #14 | APPLE HOSPITALITY REIT INC (APLE) - 0.50% | RUBRIK INC CLASS A SHARES (RBRK) - 1.77% |
| #15 | TFS FINANCIAL CORP (TFSL) - 0.49% | VARONIS SYSTEMS INC (VRNS) - 1.59% |
| #16 | NEW JERSEY RESOURCES CORP (NJR) - 0.48% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.57% |
| #17 | FOUR CORNERS PROPERTY TRUST INC (FCPT) - 0.48% | GENERAC HOLDINGS INC (GNRC) - 1.57% |
| #18 | BRADY CORP CLASS A (BRC) - 0.47% | MARVELL TECHNOLOGY INC (MRVL) - 1.53% |
| #19 | SAFETY INSURANCE GROUP INC (SAFT) - 0.46% | VERACYTE INC (VCYT) - 1.53% |
| #20 | NELNET INC CLASS A (NNI) - 0.46% | VERTIV HOLDINGS CO CLASS A (VRT) - 1.50% |
| #21 | FLOWERS FOODS INC (FLO) - 0.45% | WESTERN DIGITAL CORP (WDC) - 1.48% |
| #22 | NORTHWEST BANCSHARES INC (NWBI) - 0.44% | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 1.47% |
| #23 | POSTAL REALTY TRUST INC (PSTL) - 0.44% | MYR GROUP INC (MYRG) - 1.47% |
| #24 | AVISTA CORP (AVA) - 0.44% | GE VERNOVA INC (GEV) - 1.43% |
| #25 | BANK FIRST CORP (BFC) - 0.43% | CLOUDFLARE INC (NET) - 1.42% |
| Total Holdings | 400 | 88 |
SMLV vs TMAT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMLV
+4.95%
TMAT
-6.07%
3M
SMLV
+9.64%
Winner
TMAT
+11.43%
6M
SMLV
+14.54%
Winner
TMAT
+15.47%
1Y
Winner
SMLV
+28.89%
TMAT
+18.05%
5Y(CAGR)
Winner
SMLV
+10.29%
TMAT
+4.62%
10Y(CAGR)
SMLV
+10.61%
TMAT
N/A
Max(CAGR)
Winner
SMLV
+11.13%
TMAT
+3.05%
SMLV vs TMAT - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | SMLV | TMAT |
|---|---|---|
| 2026 | +22.58% | +14.63% |
| 2025 | +6.66% | +18.16% |
| 2024 | +17.20% | +30.39% |
| 2023 | +7.45% | +32.08% |
| 2022 | -8.11% | -39.69% |
| 2021 | +29.84% | -17.01% |
| 2020 | -1.27% | N/A |
| 2019 | +23.87% | N/A |
| 2018 | -6.82% | N/A |
| 2017 | +4.97% | N/A |
| 2016 | +33.71% | N/A |
| 2015 | -0.90% | N/A |
| 2014 | +15.16% | N/A |
| 2013 | +23.62% | N/A |
SMLV vs TMAT Drawdown Comparison
The maximum drawdown for SMLV was -42.43%, occurring on Mar 23, 2020. Recovery took 245 trading sessions.
The maximum drawdown for TMAT was -58.55%, occurring on Oct 14, 2022. Recovery took 1155 trading sessions.
The current SMLV drawdown is -1.26%. The current TMAT drawdown is -7.86%.
| Rank | SMLV | TMAT |
|---|---|---|
| #1 | -42.43% Jan 16, 2020 - Jan 6, 2021 | -58.55% Feb 12, 2021 - Sep 19, 2025 |
| #2 | -20.42% Nov 25, 2024 - Jan 12, 2026 | -21.63% Oct 9, 2025 - May 26, 2026 |
| #3 | -18.95% Jan 4, 2022 - Jul 11, 2024 | -10.39% Jun 2, 2026 - Jun 30, 2026 |
| #4 | -18.82% Aug 31, 2018 - Sep 13, 2019 | -9.93% Jun 30, 2026 - Jul 20, 2026 |
| #5 | -14.30% Dec 1, 2015 - Apr 27, 2016 | -3.88% Sep 22, 2025 - Oct 6, 2025 |
| #6 | -9.84% Apr 2, 2015 - Nov 27, 2015 | -1.55% May 26, 2026 - May 29, 2026 |
| #7 | -8.94% Jul 26, 2024 - Sep 19, 2024 | -1.35% Oct 6, 2025 - Oct 8, 2025 |
| #8 | -8.39% Nov 29, 2017 - May 25, 2018 | -0.46% Feb 10, 2021 - Feb 12, 2021 |
| #9 | -7.34% Feb 6, 2026 - Apr 9, 2026 | N/A |
| #10 | -7.13% Sep 3, 2014 - Oct 29, 2014 | N/A |
| #11 | -7.06% Nov 5, 2021 - Jan 4, 2022 | N/A |
| #12 | -6.76% Mar 12, 2021 - Jun 8, 2021 | N/A |
| #13 | -6.75% Jun 8, 2021 - Oct 20, 2021 | N/A |
| #14 | -6.43% Jun 8, 2016 - Jul 11, 2016 | N/A |
| #15 | -6.29% Jan 4, 2017 - Apr 26, 2017 | N/A |
Correlation
Correlation between SMLV and TMAT is 0.70 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.70
-101
Dividend Comparison (2013 - 2026)
SMLV vs TMAT dividend yield comparison.
| Year | SMLV | TMAT |
|---|---|---|
| 2026 | 1.02% | 0.00% |
| 2025 | 2.74% | 0.02% |
| 2024 | 2.68% | 0.00% |
| 2023 | 2.68% | 0.00% |
| 2022 | 2.40% | 0.34% |
| 2021 | 2.12% | 0.20% |
| 2020 | 2.47% | 0.00% |
| 2019 | 2.62% | 0.00% |
| 2018 | 3.15% | 0.00% |
| 2017 | 7.92% | 0.00% |
| 2016 | 3.04% | 0.00% |
| 2015 | 2.63% | 0.00% |
| 2014 | 2.76% | 0.00% |
| 2013 | 3.68% | 0.00% |
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