Data as of Nov 4, 2026.
FDTX vs TMAT: Holdings Overlap & Returns
Over the year to Nov 4, 2026, FDTX returned +18.2% to TMAT's −3.1%; 18% of their weight is in the same names.
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Net assets: $311m on Sep 30, 2026 for Fidelity Disruptive Technology ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.
71% of FDTX's weight is in S&P 500 companies and 29% is outside the index. Holdings as of Aug 31, 2026.
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
FDTX costs 0.29 points a year less; their one-year returns differ by 21.3 points.
Points (pts) are percentage points.
| Measure | FDTX | TMAT |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.2% | −3.1% |
| Drawdown | ||
| Below its all-time high | 18.9%, high on Oct 6, 2026 | 15.9%, high on Jun 30, 2026 |
| Against its benchmark | ||
| What it tracks | Broad innovation and megatrends | Broad innovation and megatrends |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | behind by 18.1 pts | |
| Cost and size | ||
| Expense ratio | 0.50% | 0.79% |
| Net assets, FDTX as of Sep 30, 2026 and TMAT as of Jul 31, 2026 | $311m | $237m |
| Holdings | ||
| Holdings in common | 18% | |
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
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 →
Risk and return
Jun 23, 2023 to Oct 30, 2026 · 175 weekly returnsFrom Jun 2023 to Oct 2026, FDTX returned more: +103.0% to +90.6%. FDTX swung slightly less: 26.0% to 27.1%. FDTX fell less at its worst: −26.6% to −32.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDTX | TMAT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +103.0% | +90.6% | FDTX | Price change plus distributions, reinvested. |
| Annualized | +23.4% | +21.1% | FDTX (slight) | Total return as a yearly rate. |
| Price return | +103.0% | +90.6% | FDTX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.0% | 27.1% | FDTX (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.4% | 18.1% | FDTX (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −26.6% | −32.4% | FDTX | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.77 | 0.68 | FDTX | Return above Treasury bills per unit of volatility. |
| Sortino | 1.14 | 1.01 | FDTX | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.88 | 0.65 | FDTX | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 175 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDTX and TMAT hold 18% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
18% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FDTX | TMAT | FDTX | TMAT |
| 3 months | −9.0% | −9.4% | not measured | −8.1 pts vs ACWI |
| 6 months | +1.5% | −4.9% | not measured | −7.5 pts vs ACWI |
| 1 year | +18.2% | −3.1% | not measured | −18.1 pts vs ACWI |
| 3 years | +106.0% | +92.3% | not measured | +14.7 pts vs ACWI |
| Since launchNot the same days: FDTX Jun 2023 · TMAT Jan 2021 | +93.7% | +7.5% | not measured | −85.1 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
18% of the two portfolios are the same securities at the same weight.
Client brief:
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FDTX
By weight, 71% of FDTX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 75%. The top ten holdings are 51% of the fund across 42 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +18.2% with distributions reinvested. It sits 18.9% below its all-time high of Oct 6, 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 FDTX and TMAT hold the same stocks?
- By their latest filings, 18% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, FDTX against TMAT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdtx-vs-tmat
ETFIQ. (Nov 4, 2026). FDTX against TMAT. Retrieved from https://etfiq.com/compare/themes/fdtx-vs-tmat
[FDTX against TMAT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fdtx-vs-tmat)
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