Main Thematic Innovation ETF (TMAT) Performance
TMAT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.5% since Dec 31, 2025
- 1 year
- −0.3% total return
- 5 years
- +3.6% a year
- Since first price
- +1.9% a year since 2021
TMAT trailing returns vs SPY, QQQ, AGG
| Period | TMAT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.5% | −7.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.5% | −4.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.1% | +5.1% | +7.8% | +8.4% | −1.5% |
| YTD | +9.5% | +9.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.3% | −0.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +111.2%+28.3%/yr | +111.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +19.4%+3.6%/yr | +18.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 29, 2021 | +11.4%+1.9%/yr | +10.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TMAT vs SPY
From Jan 29, 2021: TMAT grew to $11,145, SPY to $22,171.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TMAT returns by calendar year
3 of 4 full years positive. Best 2023 (+32.3%), worst 2022 (−39.3%). 2026 is year to date.
TMAT annual returns table
| Year | TMAT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.5% | −15.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.1% | −33.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.2% | −17.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +32.3% | −22.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −39.3% | −43.6% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TMAT largest drawdowns
Now 12.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2021 | −58.6% | Oct 14, 2022 | Sep 19, 2025 | 1.7 years | 4.6 years |
| Oct 9, 2025 | −21.6% | Mar 30, 2026 | May 26, 2026 | 6 months | 8 months |
| Jun 30, 2026 | −15.7% | Jul 29, 2026 | not yet | 29 days | 4 months so far |
| Jun 2, 2026 | −10.4% | Jun 10, 2026 | Jun 30, 2026 | 8 days | 28 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TMAT risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +30.0% | +6.5% | +3.5% |
| Volatility (annualized) | 28.0% | 29.2% | 27.9% |
| Sharpe ratio | 0.92 | 0.24 | 0.15 |
| Sortino ratio | 1.66 | 0.36 | 0.22 |
| Best month | +21.5% | +21.5% | +21.5% |
| Worst month | −13.2% | −15.0% | −15.0% |
| Best 12 months | +58.5% | +58.5% | +58.5% |
| Worst 12 months | +0.9% | −47.6% | −47.6% |
| Positive months | 67% | 53% | 53% |
| Beta vs S&P 500 | 1.84 | 1.48 | — |
| Correlation with S&P 500 | 0.82 | 0.79 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TMAT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 58 | −47.6% | +12.4% | +58.5% | 69% |
| 3-year (a year) | 34 | −14.3% | +15.6% | +32.2% | 68% |
| 5-year (a year) | 10 | −0.2% | +3.5% | +6.5% | 80% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
TMAT performance overview
Main Thematic Innovation ETF (TMAT) returned −0.3% over the past year and +3.6% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +1.9% a year, turning $10,000 into about $11,145. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.6%, from Feb 12, 2021 to Oct 14, 2022, and it took 2.9 years to get back to the old high. TMAT finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+32.3%) and the worst 2022 (−39.3%). Volatility has been 27.9% a year.
Related: TMAT chart, TMAT holdings, TMAT dividends, TMAT valuation. See the TMAT overview for the latest quote and fund facts.
TMAT performance FAQ
What is the TMAT return over the past year?
TMAT returned −0.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.4%.
What is the average annual return of TMAT?
TMAT has returned +3.6% a year over 5 years, +1.9% a year since January 29, 2021 (total return, distributions reinvested).
How much would $10,000 invested in TMAT be worth?
$10,000 invested in TMAT at its first recorded close on January 29, 2021 would be worth about $11,145 on October 23, 2026 with distributions reinvested.
What was the worst year for TMAT?
The worst calendar year was 2022, with a total return of −39.3%. The best was 2023 at +32.3%.
What is the biggest drawdown of TMAT?
The largest peak-to-trough decline was −58.6% between February 12, 2021 and October 14, 2022. It recovered to the old high on September 19, 2025, 2.9 years after the bottom.
How volatile is TMAT?
Over the past 3 years TMAT had an annualized volatility of 28.0% and a Sharpe ratio of 0.92 (excess return over 1–3 month T-bills per unit of risk).