TMAT vs VTI
Main Thematic Innovation ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, TMAT or VTI?
All Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. TMAT led over 3Y, VTI over 1Y, 5Y and the full window. TMAT is less concentrated, with 27.4% of the fund in its ten largest positions against 33.3%.
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 | TMAT | VTI |
|---|---|---|
| Expense Ratio | 0.82% | 0.03%Best |
| AUM | $260M | $690.1B |
| Dividend Yield | 0.02% | 1.03% |
| Holdings | 168 | 3,524 |
| YTD Return | +20.65%Best | +13.35% |
| 1Y Return | +9.35% | +15.92%Best |
| 3Y Return (annualized) | +32.27%Best | +23.41% |
| 5Y Return (annualized) | +7.50% | +12.83%Best |
| Volatility (annualized) | 27.7% | 15.2%Best |
| Max Drawdown | -58.5% | -25.4%Best |
| $10,000 over 5 years | $14,356 | $18,286Best |
| Top 10 Weight | 27.4%Best | 33.3% |
| Fund Family | Main Management ETF Advisors, LLC | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Jan 28, 2021 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jan 29, 2021 to Oct 2, 2026 (5.7 years).
TMAT vs VTI 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 5.7 years both funds cover.
TMAT vs VTI Performance
Main Thematic Innovation ETF (TMAT) is an ETF from Main Management ETF Advisors, LLC and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year TMAT returned +9.35% while VTI returned +15.92%. Year to date, TMAT is up 20.65% versus a gain of 13.35% for VTI.
Over three years, TMAT compounded at +32.27% per year against +23.41% for VTI; over five years the annualized figures are +7.50% and +12.83% respectively. Across the full 6-year window we track, VTI has the edge at +14.06% annualized vs +3.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMAT has been the more volatile fund, with annualized monthly volatility of 27.7% compared with 15.2% for VTI. 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 -58.5% for TMAT and -25.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TMAT charges 0.82% per year while VTI charges 0.03%. On a $10,000 position that is $82 vs $3 annually, a gap of $79 per year that compounds over a long holding period. On income, TMAT currently yields 0.02% against 1.03% for VTI.
Holdings Overlap
88.9% of TMAT's money is in holdings VTI also owns. 6.3% of VTI's money is in holdings TMAT also owns.
Most of TMAT is already inside VTI. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, TMAT as of Sep 15, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
74 positions in common, counted across the 84 positions we hold weights for in TMAT and 3,463 in VTI, against full books of 168 and 3,524.
What only one of them owns
Our book lists 1,084 positions for VTI that do not appear in our book for TMAT (91.1% of the fund), and 2 for TMAT that do not appear in VTI (1.1%).
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 TMAT | Weight in VTI | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 4.95% | 1.29% | 3.66% |
| PANWPalo Alto Networks, Inc | 4.39% | 0.38% | 4.01% |
| AMDAdvanced Micro Devices Inc | 2.20% | 1.08% | 1.12% |
| LITELumentum Holdings Inc | 2.64% | 0.08% | 2.56% |
| FTNTFortinet Inc | 2.51% | 0.14% | 2.37% |
| HNGEHinge Health Inc | 2.45% | 0.00% | 2.45% |
| RBRKRubrik Inc-A | 2.20% | 0.02% | 2.18% |
| KEYSKeysight Technologies Inc. | 2.04% | 0.08% | 1.96% |
| NETCloudflare Inc (180 Day Lockup) | 1.97% | 0.12% | 1.85% |
| VICRVicor Corp | 2.05% | 0.01% | 2.04% |
88.9% of TMAT is already inside VTI.
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, TMAT or VTI?
TMAT has an expense ratio of 0.82% while VTI charges 0.03%. VTI is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, TMAT or VTI?
Over the past year TMAT returned +9.35% vs +15.92% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (6 years), TMAT annualized +3.87% vs +14.06% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TMAT or VTI?
TMAT has been the more volatile fund at 27.7% annualized versus 15.2% for VTI. Worst drawdown: TMAT -58.5% vs VTI -25.4%.
Should I hold both TMAT and VTI?
TMAT and VTI have a monthly-return correlation of 0.80, 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 TMAT and VTI?
88.9% of TMAT's money is in holdings VTI also owns. 6.3% of VTI's is in holdings TMAT also owns. They hold 74 positions in common, counted across the 84 positions we hold weights for in TMAT and 3,463 in VTI.
Which pays a higher dividend, TMAT or VTI?
TMAT yields 0.02% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than TMAT?
VTI has a lower expense ratio. TMAT led over 3Y, VTI over 1Y, 5Y and the full window. TMAT is less concentrated, with 27.4% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.