IVV vs TMAT
iShares Core S&P 500 ETF vs Main Thematic Innovation ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TMAT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $865.2B | $233M | |
| Dividend Yield | 1.09% | 0.02% | |
| Holdings | 508 | 98 | |
| YTD Return | +13.43% | +17.63% | |
| 1Y Return | +22.61% | +20.41% | |
| 3Y Return (annualized) | +21.47% | +26.62% | |
| 5Y Return (annualized) | +13.26% | +5.20% | |
| Volatility (annualized) | 15.1% | 28.2% | |
| Max Drawdown | -56.5% | -58.5% | |
| Fund Family | iShares by BlackRock (US) | Main Management ETF Advisors, LLC | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 28, 2021 |
IVV vs TMAT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Main Thematic Innovation ETF (TMAT) is a ETF from Main Management ETF Advisors, LLC. Over the past year IVV returned +22.61% while TMAT returned +20.41%. Year to date, IVV is up 13.43% versus a gain of 17.63% for TMAT.
Over three years, IVV compounded at +21.47% per year against +26.62% for TMAT; over five years the annualized figures are +13.26% and +5.20% respectively. Across the full 6-year window we track, IVV has the edge at +7.03% annualized vs +3.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMAT has been the more volatile fund, with annualized monthly volatility of 28.2% 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 -56.5% for IVV and -58.5% for TMAT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.02% for TMAT.
Holdings Overlap
IVV and TMAT share 49 holdings out of 553 unique holdings combined, representing a 8.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TMAT?
IVV has an expense ratio of 0.03% while TMAT charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or TMAT?
Over the past year IVV returned +22.61% vs +20.41% for TMAT, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.03% vs +3.50% for TMAT. Past performance does not guarantee future results.
Which is riskier, IVV or TMAT?
TMAT has been the more volatile fund at 28.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TMAT -58.5%.
Should I hold both IVV and TMAT?
IVV and TMAT have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TMAT?
IVV and TMAT share 49 common holdings with a 8.6% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, IVV or TMAT?
IVV yields 1.09% while TMAT yields 0.02%, so IVV currently pays the higher dividend yield.
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