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