Do AOTG and TMAT hold the same stocks?

By their latest filings, 9% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, AOTG or TMAT?

AOTG has 74% of its weight in S&P 500 names and TMAT has 50%, so TMAT differs more from the index.

Which is cheaper, AOTG or TMAT?

AOTG charges 0.75% a year and TMAT charges 0.79%, so AOTG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AOTG vs TMAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AOTG returned +3.2% to TMAT's −3.1%; 9% of their weight is in the same names.

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Net assets: $105m on Aug 31, 2026 for AOT Growth and Innovation ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.

AOTG on its own →TMAT on its own →

At a glance

74.4%

AOTG in the S&P 500

50.3%

TMAT in the S&P 500

+3.2%

AOTG total return, 1 year

−3.1%

TMAT total return, 1 year

AOTG · 1 year to Nov 4, 2026 26% of its weight is outside the S&P 500

74% of AOTG's weight is in S&P 500 companies and 26% is outside the index. Holdings as of Aug 31, 2026.

TMAT · 1 year to Nov 4, 2026 50% of its weight is outside the S&P 500

50% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

AOTG costs 0.04 points a year less; their one-year returns differ by 6.3 points.

Points (pts) are percentage points.

AOTG vs TMAT: Holdings Overlap & Returns
Measure	AOTG	TMAT
Return
Measure	AOTG	TMAT
Total return, 1 year	+3.2%	−3.1%
Drawdown
Measure	AOTG	TMAT
Below its all-time high	14.7%, high on Oct 7, 2026	15.9%, high on Jun 30, 2026
Against its benchmark
Measure	AOTG	TMAT
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Its benchmark, total return, 1 year	+14.4%	+15.0%
Against its benchmark, 1 year	behind by 11.2 pts	behind by 18.1 pts
Cost and size
Measure	AOTG	TMAT
Expense ratio	0.75%	0.79%
Net assets, AOTG as of Aug 31, 2026 and TMAT as of Jul 31, 2026	$105m	$237m
Holdings
Measure	AOTG	TMAT
Holdings in common	9%
Top ten holdings, share of the fund	64%	27%

ETFIQ S&P 500 Difference Score · TMAT scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score14.5AOTG61.4TMAT

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

AOTG 14.5

TMAT 61.4

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

Risk and return

Jul 8, 2022 to Oct 30, 2026 · 225 weekly returns

AOTG TMAT

Return

Total return edge AOTG +127.5% +92.4%

Annualized edge AOTG +20.9% +16.3%

Price return edge AOTG +127.5% +91.7%

Risk

Volatility edge Tie 27.9% 28.4%

Max drawdown edge AOTG (slight) −29.2% −32.4%

Downside capture 136.9% 137.1%

Beta 1.56 1.58

Risk-adjusted

Sharpe edge AOTG 0.66 0.52

Sortino edge AOTG 1.00 0.76

Treynor 0.118 0.006

Calmar edge AOTG 0.72 0.50

Against the benchmark

Alpha −2.0% a year −11.7% a year

Alpha t-stat −0.29 −1.72

Information ratio 0.32 −0.38

Tracking error 16.5% 18.4%

Each against its own benchmark: AOTG against GUSA, Jul 8, 2022 to Oct 30, 2026; TMAT against ACWI, Feb 5, 2021 to Oct 30, 2026.

Reading

From Jul 2022 to Oct 2026, AOTG returned more: +127.5% to +92.4%. AOTG and TMAT swung about the same: 27.9% and 28.4%. AOTG fell slightly less at its worst: −29.2% to −32.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AOTG vs TMAT: Holdings Overlap & Returns
Measure	AOTG	TMAT	Edge	How it is measured
Return
Total return	+127.5%	+92.4%	AOTG	Price change plus distributions, reinvested.
Annualized	+20.9%	+16.3%	AOTG	Total return as a yearly rate.
Price return	+127.5%	+91.7%	AOTG	Price change alone, distributions left out.
Risk
Volatility	27.9%	28.4%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.4%	19.3%	AOTG (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−29.2%	−32.4%	AOTG (slight)	Deepest fall from a high to the low after it.
Upside capture	213.3%	171.0%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	136.9%	137.1%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.56	1.58	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.68	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.66	0.52	AOTG	Return above Treasury bills per unit of volatility.
Sortino	1.00	0.76	AOTG	Return above Treasury bills per unit of downside deviation.
Treynor	0.118	0.006		Return above Treasury bills per unit of beta.
Calmar	0.72	0.50	AOTG	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	GUSA	ACWI		The ETF each fund is measured against.
Alpha	−2.0% a year	−11.7% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.29	−1.72	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−15.4% to +11.4%	−25.1% to +1.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.32	−0.38		Return against its benchmark per unit of tracking error.
Tracking error	16.5%	18.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 225 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AOTG and TMAT hold 9% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first AOTG TMAT

Micron Technology Inc 10.16% 4.23%

Advanced Micro Devices Inc 12.32% 2.06%

Taiwan Semiconductor Manufacturing Co Ltd 6.72% 1.02%

Autodesk Inc 0.58% 1.61%

Western Digital Corp 0.52% 1.37%

Vertiv Holdings Co 0.48% 1.31%

Veeva Systems Inc 0.39% 0.88%

Lumentum Holdings Inc 0.17% 2.06%

Only in one fund ↓

Only in AOTG

NVIDIA Corp 10.94%

Toast Inc 4.61%

Microsoft Corp 4.49%

Amazon.com Inc 4.22%

Alphabet Inc 3.92%

Salesforce Inc 3.73%

Sandisk Corp 3.41%

Alphabet Inc 3.09%

Only in TMAT

PALO ALTO NETWORKS INC 4.46%

CROWDSTRIKE HOLDINGS INC 2.77%

FORTINET INC 2.63%

CLEAR SECURE INC 2.43%

VICOR CORP 2.18%

HINGE HEALTH INC 2.09%

KEYSIGHT TECHNOLOGIES INC 1.95%

BENTLEY SYSTEMS INC 1.88%

Check overlap with more funds →

Window by window

Window by window: AOTG vs TMAT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AOTG	TMAT	AOTG	TMAT
3 months	−7.6%	−9.4%	−7.1 pts vs GUSA	−8.1 pts vs ACWI
6 months	−1.1%	−4.9%	−5.8 pts vs GUSA	−7.5 pts vs ACWI
1 year	+3.2%	−3.1%	−11.2 pts vs GUSA	−18.1 pts vs ACWI
3 years	+101.5%	+92.3%	+19.6 pts vs GUSA	+14.7 pts vs ACWI
Since launchNot the same days: AOTG Jun 2022 · TMAT Jan 2021	+139.7%	+7.5%	+29.2 pts vs GUSA	−85.1 pts vs ACWI

Open this comparison in the app →

Side by side

AOTG AOT Growth and Innovation ETF · Holds 43 stocks in broad innovation and megatrends, 74% of its weight in S&P 500 companies TMAT Main Thematic Innovation ETF · Holds 87 stocks in broad innovation and megatrends, 50% of its weight in S&P 500 companies

Issuer AOT Invest Main

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 74.4% 50.3%

Active share vs the S&P 500 69.3% 91.6%

In the Nasdaq-100 65.6% 29.4%

Holdings 43 87

Top ten, share of the fund 64.5% 26.9%

Expense ratio 0.75% 0.79%

Fee for the differing part 1.08% 0.86%

Total return, 1 year +3.2% −3.1%

vs its benchmark −11.2 pts vs GUSA −18.1 pts vs ACWI

Below its high −14.7% −15.9%

Net assets, AOTG as of Aug 31, 2026 and TMAT as of Jul 31, 2026 $105m $237m

As of Nov 4, 2026. Source: ETFIQ.

9% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

AOTG

Over the year to Nov 4, 2026 the fund returned +3.2% with distributions reinvested against +14.4% for its benchmark, the Solactive GBS United States 1000 Index, so a holder was behind by 11.2 pts.

By weight, 74% of AOTG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 64% of the fund across 43 positions, as filed for Aug 31, 2026. It sits 14.7% below its all-time high of Oct 7, 2026.

TMAT

By weight, 50% of TMAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 27% of the fund across 87 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −3.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index Net, so a holder was behind by 18.1 pts. It sits 15.9% below its all-time high of Jun 30, 2026.

Questions people ask

Do AOTG and TMAT hold the same stocks?: By their latest filings, 9% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AOTG or TMAT?: AOTG has 74% of its weight in S&P 500 names and TMAT has 50%, so TMAT differs more from the index.
Which is cheaper, AOTG or TMAT?: AOTG charges 0.75% a year and TMAT charges 0.79%, so AOTG is cheaper. Fees come from each fund's prospectus.

Other comparisons

AOTG vs GTEK AOTG vs FRWD AOTG vs FDTX AOTG vs ILDR TMAT vs FDCF TMAT vs DTEC TMAT vs FRWD TMAT vs FDTX

Where to next

AOTG on its own →TMAT on its own →AOTG holdings →TMAT dividend history →TMAT holdings →Method →Standards and sources →

Sources and dates

AOTG filings on SEC EDGAR ↗

AOTG prospectus with the expense ratio (SEC) ↗

AOT Invest page for AOTG ↗

TMAT filings on SEC EDGAR ↗

TMAT prospectus with the expense ratio (SEC) ↗

Main website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AOTG against TMAT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aotg-vs-tmat

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.