TMAT vs VYM
Main Thematic Innovation ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | TMAT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | |
| AUM | $233M | $79.0B | |
| Dividend Yield | 0.02% | 2.86% | |
| Holdings | 98 | 568 | |
| YTD Return | +17.06% | +16.10% | |
| 1Y Return | +19.83% | +25.99% | |
| 3Y Return (annualized) | +26.37% | +18.29% | |
| 5Y Return (annualized) | +5.05% | +12.35% | |
| Volatility (annualized) | 28.1% | 14.6% | |
| Max Drawdown | -58.5% | -58.8% | |
| Fund Family | Main Management ETF Advisors, LLC | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 28, 2021 | Nov 10, 2006 |
TMAT vs VYM Performance
Main Thematic Innovation ETF (TMAT) is a ETF from Main Management ETF Advisors, LLC and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TMAT returned +19.83% while VYM returned +25.99%. Year to date, TMAT is up 17.06% versus a gain of 16.10% for VYM.
Over three years, TMAT compounded at +26.37% per year against +18.29% for VYM; over five years the annualized figures are +5.05% and +12.35% respectively. Across the full 6-year window we track, VYM has the edge at +7.08% annualized vs +3.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMAT has been the more volatile fund, with annualized monthly volatility of 28.1% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TMAT charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, TMAT currently yields 0.02% against 2.86% for VYM.
Holdings Overlap
TMAT and VYM share 11 holdings out of 644 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TMAT or VYM?
TMAT has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, TMAT or VYM?
Over the past year TMAT returned +19.83% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), TMAT annualized +3.41% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, TMAT or VYM?
TMAT has been the more volatile fund at 28.1% annualized versus 14.6% for VYM. Worst drawdown: TMAT -58.5% vs VYM -58.8%.
Should I hold both TMAT and VYM?
TMAT and VYM have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TMAT and VYM?
TMAT and VYM share 11 common holdings with a 2.7% weight overlap. Combined, they hold 644 unique securities.
Which pays a higher dividend, TMAT or VYM?
TMAT yields 0.02% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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