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Data as of Nov 4, 2026.

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Thematic ETFs

FDFF vs TMAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FDFF returned +9.3% to TMAT's −3.1%; 0% of their weight is in the same names.

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Net assets: $43m on Sep 30, 2026 for Fidelity Disruptive Finance ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.

FDFF on its own →TMAT on its own →
At a glance
43.4%
FDFF in the S&P 500
50.3%
TMAT in the S&P 500
+9.3%
FDFF total return, 1 year
−3.1%
TMAT total return, 1 year
FDFF · 1 year to Nov 4, 2026 57% of its weight is outside the S&P 500
57% of its weight is outside the S&P 50043% of FDFF's weight is in S&P 500 companies and 57% is outside the index. Holdings as of Aug 31, 2026.43%57%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 46% of the fund · 46 holdings as filed for Aug 31, 2026 · Nasdaq-100: 1% in57% of its weight is outside the S&P 50043% of FDFF's weight is in S&P 500 companies and 57% is outside the index. Holdings as of Aug 31, 2026.43%57%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 1% in

43% of FDFF's weight is in S&P 500 companies and 57% 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 its weight is outside the S&P 50050% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.50%50%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 92% · top ten 27% of the fund · 87 holdings as filed for Jul 31, 2026 · Nasdaq-100: 29% in50% of its weight is outside the S&P 50050% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.50%50%in the S&P 500outside the S&P 500active share 92% · Nasdaq-100: 29% in

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

FDFF costs 0.29 points a year less; their one-year returns differ by 12.4 points.

Points (pts) are percentage points.

FDFF vs TMAT: Holdings Overlap & Returns
MeasureFDFFTMAT
Return
Total return, 1 year+9.3%−3.1%
Drawdown
Below its all-time high15.9%, high on Jun 30, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearbehind by 18.1 pts
Cost and size
Expense ratio0.50%0.79%
Net assets, FDFF as of Sep 30, 2026 and TMAT as of Jul 31, 2026$43m$237m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, FDFF and TMAT hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FDFF TMAT
Only in one fund ↓
Only in FDFF
BLACKROCK INC 5.82%
CAPITAL ONE FINANCIAL CORP 5.44%
BANKINTER SA 4.94%
FINECOBANK SPA 4.47%
VISA INC 4.42%
CHIME FINANCIAL INC 4.38%
MASTERCARD INC 4.36%
DBS GROUP HOLDINGS LTD 4.32%
Only in TMAT
PALO ALTO NETWORKS INC 4.46%
MICRON TECHNOLOGY INC 4.23%
CROWDSTRIKE HOLDINGS INC 2.77%
FORTINET INC 2.63%
CLEAR SECURE INC 2.43%
VICOR CORP 2.18%
HINGE HEALTH INC 2.09%
LUMENTUM HOLDINGS INC 2.06%
Check overlap with more funds →

Window by window

Window by window: FDFF vs TMAT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFDFFTMATFDFFTMAT
3 months+2.4%−9.4%not measured−8.1 pts vs ACWI
6 months+11.1%−4.9%not measured−7.5 pts vs ACWI
1 year+9.3%−3.1%not measured−18.1 pts vs ACWI
3 years+53.9%+92.3%not measured+14.7 pts vs ACWI
Since launchNot the same days: FDFF Jun 2023 · TMAT Jan 2021+52.8%+7.5%not measured−85.1 pts vs ACWI

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Side by side

FDFF Fidelity Disruptive Finance ETF · Holds 46 stocks in broad innovation and megatrends, 43% 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 Fidelity Main
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 43.4% 50.3%
Active share vs the S&P 500 97.5% 91.6%
In the Nasdaq-100 1.4% 29.4%
Holdings 46 87
Top ten, share of the fund 46.4% 26.9%
Expense ratio 0.50% 0.79%
Fee for the differing part 0.51% 0.86%
Total return, 1 year +9.3% −3.1%
vs its benchmark not measured −18.1 pts vs ACWI
Below its high −3.8% −15.9%
Net assets, FDFF as of Sep 30, 2026 and TMAT as of Jul 31, 2026 $43m $237m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

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About each fund
FDFF

By weight, 43% of FDFF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 46% of the fund across 46 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +9.3% with distributions reinvested.

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 FDFF and TMAT hold the same stocks?
By their latest filings, 0% 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, FDFF or TMAT?
FDFF has 43% of its weight in S&P 500 names and TMAT has 50%, so FDFF differs more from the index.
Which is cheaper, FDFF or TMAT?
FDFF charges 0.50% a year and TMAT charges 0.79%, so FDFF is cheaper. Fees come from each fund's prospectus.
Other comparisons
FDFF vs QQQJFDFF vs ARKKFDFF vs BUYZFDFF vs ABOTTMAT vs TNXTTMAT vs FDTXTMAT vs XDATTMAT vs XT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FDFF on its own →TMAT on its own →FDFF dividend history →FDFF holdings →TMAT dividend history →TMAT holdings →Method →Standards and sources →
Sources and dates
FDFF filings on SEC EDGAR ↗
FDFF prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
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

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

Every number is an ETFIQ calculation with distributions reinvested.

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

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