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