QQQ vs TMAT
Invesco QQQ Trust, Series 1 vs Main Thematic Innovation ETF
Which is better, QQQ or TMAT?
Large Cap Growth against All Cap Blend.
QQQ has a lower expense ratio. QQQ 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 46.5%.
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 | QQQ | TMAT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.82% |
| AUM | $483.5B | $249M |
| Dividend Yield | 0.44% | 0.02% |
| Holdings | 107 | 89 |
| YTD Return | +16.87%Best | +10.95% |
| 1Y Return | +22.98%Best | +5.02% |
| 3Y Return (annualized) | +24.98% | +25.00%Best |
| 5Y Return (annualized) | +14.39%Best | +4.16% |
| Volatility (annualized) | 20.1%Best | 27.9% |
| Max Drawdown | -35.1%Best | -58.5% |
| $10,000 over 5 years | $19,586Best | $12,260 |
| Top 10 Weight | 46.5% | 26.9%Best |
| Fund Family | Invesco (US) | Main Management ETF Advisors, LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | All Cap Blend |
| Inception | Mar 10, 1999 | Jan 28, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jan 29, 2021 to Sep 11, 2026 (5.6 years).
QQQ 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.
QQQ vs TMAT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Main Thematic Innovation ETF (TMAT) is an ETF from Main Management ETF Advisors, LLC. Over the past year QQQ returned +22.98% while TMAT returned +5.02%. Year to date, QQQ is up 16.87% versus a gain of 10.95% for TMAT.
Over three years, QQQ compounded at +24.98% per year against +25.00% for TMAT; over five years the annualized figures are +14.39% and +4.16% respectively. Across the full 6-year window we track, QQQ has the edge at +16.41% annualized vs +2.37%.
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 20.1% for QQQ. 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 -35.1% for QQQ 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMAT charges 0.82%. On a $10,000 position that is $18 vs $82 annually, a gap of $64 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.02% for TMAT.
Holdings Overlap
16.1% of QQQ's money is in holdings TMAT also owns. 25.9% of TMAT's money is in holdings QQQ also owns.
TMAT and QQQ share little of their money.
16 positions in common, counted across the 102 positions we hold weights for in QQQ and 97 in TMAT, against full books of 107 and 89.
What only one of them owns
Our book lists 62 positions for TMAT that do not appear in our book for QQQ (64.1% of the fund), and 79 for QQQ that do not appear in TMAT (80.9%).
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 QQQ | Weight in TMAT | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 4.43% | 4.54% | 0.11% |
| PANWPalo Alto Networks Inc. | 1.30% | 4.72% | 3.42% |
| AMDAdvanced Micro Devices Inc. | 3.45% | 1.96% | 1.49% |
| FTNTFortinet Inc. | 0.53% | 2.41% | 1.88% |
| LITELumentum Holdings Inc | 0.28% | 2.37% | 2.09% |
| MRVLMarvell Technology Group Ltd | 0.81% | 1.24% | 0.43% |
| WDCWestern Digital Corp. | 0.79% | 1.17% | 0.38% |
| TERTeradyne Inc | 0.27% | 1.64% | 1.37% |
| ADSKAutodesk, Inc. | 0.22% | 1.59% | 1.37% |
| ADIAnalog Devices, Inc. | 0.81% | 0.89% | 0.08% |
25.9% of TMAT is already inside QQQ.
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, QQQ or TMAT?
QQQ has an expense ratio of 0.18% while TMAT charges 0.82%. QQQ is the cheaper option, by $64 a year on a $10,000 investment.
Which performed better, QQQ or TMAT?
Over the past year QQQ returned +22.98% vs +5.02% for TMAT, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +16.41% vs +2.37% for TMAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TMAT?
TMAT has been the more volatile fund at 27.9% annualized versus 20.1% for QQQ. Worst drawdown: QQQ -35.1% vs TMAT -58.5%.
Should I hold both QQQ and TMAT?
QQQ and TMAT have a monthly-return correlation of 0.83, 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 QQQ and TMAT?
25.9% of TMAT's money is in holdings QQQ also owns. 25.9% of TMAT's is in holdings QQQ also owns. They hold 16 positions in common, counted across the 102 positions we hold weights for in QQQ and 97 in TMAT.
Which pays a higher dividend, QQQ or TMAT?
QQQ yields 0.44% while TMAT yields 0.02%, so QQQ currently pays the higher dividend yield.
Is TMAT better than QQQ?
QQQ has a lower expense ratio. QQQ 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 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.