TMAT vs VYM
Main Thematic Innovation ETF vs Vanguard High Dividend Yield ETF
Which is better, TMAT or VYM?
All Cap Blend against Large Cap Value.
VYM has a lower expense ratio. TMAT led over 3Y, VYM over 1Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 26.9%.
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 | TMAT | VYM |
|---|---|---|
| Expense Ratio | 0.82% | 0.04%Best |
| AUM | $249M | $81.6B |
| Dividend Yield | 0.02% | 2.24% |
| Holdings | 89 | 613 |
| YTD Return | +11.82% | +14.82%Best |
| 1Y Return | +12.10% | +20.84%Best |
| 3Y Return (annualized) | +24.62%Best | +18.64% |
| 5Y Return (annualized) | +3.73% | +12.28%Best |
| Volatility (annualized) | 27.9% | 13.3%Best |
| Max Drawdown | -58.5% | -15.8%Best |
| $10,000 over 5 years | $12,009 | $17,845Best |
| Top 10 Weight | 26.9% | 25.9%Best |
| Fund Family | Main Management ETF Advisors, LLC | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Value |
| Inception | Jan 28, 2021 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jan 29, 2021 to Sep 4, 2026 (5.6 years).
TMAT vs VYM 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.
TMAT vs VYM Performance
Main Thematic Innovation ETF (TMAT) is an ETF from Main Management ETF Advisors, LLC and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year TMAT returned +12.10% while VYM returned +20.84%. Year to date, TMAT is up 11.82% versus a gain of 14.82% for VYM.
Over three years, TMAT compounded at +24.62% per year against +18.64% for VYM; over five years the annualized figures are +3.73% and +12.28% respectively. Across the full 6-year window we track, VYM has the edge at +14.34% 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 13.3% 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 -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TMAT charges 0.82% per year while VYM charges 0.04%. On a $10,000 position that is $82 vs $4 annually, a gap of $78 per year that compounds over a long holding period. On income, TMAT currently yields 0.02% against 2.24% for VYM.
Holdings Overlap
4.5% of TMAT's money is in holdings VYM also owns. 1.8% of VYM's money is in holdings TMAT also owns.
TMAT and VYM share little of their money.
The two holdings books were reported 49 days apart, TMAT as of Aug 18, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
7 positions in common, counted across the 97 positions we hold weights for in TMAT and 603 in VYM, against full books of 89 and 613.
What only one of them owns
Our book lists 563 positions for VYM that do not appear in our book for TMAT (95.7% of the fund), and 71 for TMAT that do not appear in VYM (85.7%).
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 VYM | Difference |
|---|---|---|---|
| ADIAnalog Devices, Inc. | 0.89% | 0.80% | 0.09% |
| ROKRockwell Automation | 1.03% | 0.23% | 0.80% |
| GENGen Digital Inc | 1.16% | 0.06% | 1.10% |
| GRMNGarminltd. | 0.70% | 0.16% | 0.54% |
| GDGeneral Dynamics Corp. | 0.40% | 0.38% | 0.02% |
| HIIHuntington Ingalls Industries Inc. | 0.32% | 0.05% | 0.27% |
| SCCOSouthern Copper Corp | 0.01% | 0.07% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of TMAT and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TMAT or VYM?
TMAT has an expense ratio of 0.82% while VYM charges 0.04%. VYM is the cheaper option, by $78 a year on a $10,000 investment.
Which performed better, TMAT or VYM?
Over the past year TMAT returned +12.10% vs +20.84% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), TMAT annualized +2.52% vs +14.34% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TMAT or VYM?
TMAT has been the more volatile fund at 27.9% annualized versus 13.3% for VYM. Worst drawdown: TMAT -58.5% vs VYM -15.8%.
Should I hold both TMAT and VYM?
TMAT and VYM have a monthly-return correlation of 0.51, 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 VYM?
4.5% of TMAT's money is in holdings VYM also owns. 1.8% of VYM's is in holdings TMAT also owns. They hold 7 positions in common, counted across the 97 positions we hold weights for in TMAT and 603 in VYM.
Which pays a higher dividend, TMAT or VYM?
TMAT yields 0.02% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than TMAT?
VYM has a lower expense ratio. TMAT led over 3Y, VYM over 1Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 26.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.