IVV vs TMAT
iShares Core S&P 500 ETF vs Main Thematic Innovation ETF
Which is better, IVV or TMAT?
Large Cap Blend against All Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 5Y and the full window, TMAT over 3Y. TMAT is less concentrated, with 26.9% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | TMAT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.82% |
| AUM | $886.7B | $249M |
| Dividend Yield | 1.10% | 0.02% |
| Holdings | 508 | 89 |
| YTD Return | +13.39%Best | +11.82% |
| 1Y Return | +20.08%Best | +12.10% |
| 3Y Return (annualized) | +21.29% | +24.62%Best |
| 5Y Return (annualized) | +12.88%Best | +3.73% |
| Volatility (annualized) | 15.1%Best | 27.9% |
| Max Drawdown | -24.5%Best | -58.5% |
| $10,000 over 5 years | $18,327Best | $12,009 |
| Top 10 Weight | 37.9% | 26.9%Best |
| Fund Family | iShares by BlackRock (US) | Main Management ETF Advisors, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | All Cap Blend |
| Inception | May 15, 2000 | Jan 28, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jan 29, 2021 to Sep 4, 2026 (5.6 years).
IVV vs TMAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
IVV vs TMAT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Main Thematic Innovation ETF (TMAT) is an ETF from Main Management ETF Advisors, LLC. Over the past year IVV returned +20.08% while TMAT returned +12.10%. Year to date, IVV is up 13.39% versus a gain of 11.82% for TMAT.
Over three years, IVV compounded at +21.29% per year against +24.62% for TMAT; over five years the annualized figures are +12.88% and +3.73% respectively. Across the full 6-year window we track, IVV has the edge at +15.59% annualized vs +2.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMAT has been the more volatile fund, with annualized monthly volatility of 27.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.5% for IVV and -58.5% for TMAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TMAT charges 0.82%. On a $10,000 position that is $3 vs $82 annually, a gap of $79 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.02% for TMAT.
Holdings Overlap
6.9% of IVV's money is in holdings TMAT also owns. 43.6% of TMAT's money is in holdings IVV also owns.
The two portfolios partly overlap.
38 positions in common, counted across the 504 positions we hold weights for in IVV and 97 in TMAT, against full books of 508 and 89.
What only one of them owns
Our book lists 45 positions for TMAT that do not appear in our book for IVV (46.6% of the fund), and 455 for IVV that do not appear in TMAT (92.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TMAT | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.51% | 4.54% | 3.03% |
| PANWPalo Alto Networks Inc - Common | 0.44% | 4.72% | 4.28% |
| AMDAdvanced Micro Devices Inc | 1.18% | 1.96% | 0.78% |
| FTNTFortinet | 0.15% | 2.41% | 2.26% |
| LITELumentum Holdings Inc | 0.10% | 2.37% | 2.27% |
| KEYSKeysight Technologies Inc. | 0.09% | 1.96% | 1.87% |
| GEVGe Vernova, Inc. | 0.41% | 1.36% | 0.95% |
| TERTeradyne Inc | 0.09% | 1.64% | 1.55% |
| ADSKAutodesk, Inc. | 0.08% | 1.59% | 1.51% |
| VRTVertiv Holding-A | 0.16% | 1.38% | 1.22% |
43.6% of TMAT is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TMAT?
IVV has an expense ratio of 0.03% while TMAT charges 0.82%. IVV is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, IVV or TMAT?
Over the past year IVV returned +20.08% vs +12.10% for TMAT, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.59% vs +2.52% for TMAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TMAT?
TMAT has been the more volatile fund at 27.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -24.5% vs TMAT -58.5%.
Should I hold both IVV and TMAT?
IVV and TMAT have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and TMAT?
43.6% of TMAT's money is in holdings IVV also owns. 43.6% of TMAT's is in holdings IVV also owns. They hold 38 positions in common, counted across the 504 positions we hold weights for in IVV and 97 in TMAT.
Which pays a higher dividend, IVV or TMAT?
IVV yields 1.10% while TMAT yields 0.02%, so IVV currently pays the higher dividend yield.
Is TMAT better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 5Y and the full window, TMAT over 3Y. TMAT is less concentrated, with 26.9% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.