Do GXDW 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, GXDW or TMAT?

GXDW has 0% of its weight in S&P 500 names and TMAT has 50%, so GXDW differs more from the index.

Which is cheaper, GXDW or TMAT?

GXDW charges 0.50% a year and TMAT charges 0.79%, so GXDW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GXDW vs TMAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GXDW returned −13.8% to TMAT's −3.1%; 0% of their weight is in the same names.

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Net assets: $6.0m on Oct 12, 2026 for Global X Dorsey Wright Thematic ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.

GXDW on its own →TMAT on its own →

At a glance

0.0%

GXDW in the S&P 500

50.3%

TMAT in the S&P 500

−13.8%

GXDW total return, 1 year

−3.1%

TMAT total return, 1 year

GXDW · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of GXDW's weight is in S&P 500 companies and 100% 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

GXDW costs 0.29 points a year less; their one-year returns differ by 10.7 points.

Points (pts) are percentage points.

GXDW vs TMAT: Holdings Overlap & Returns
Measure	GXDW	TMAT
Return
Measure	GXDW	TMAT
Total return, 1 year	−13.8%	−3.1%
Drawdown
Measure	GXDW	TMAT
Below its all-time high	61.7%, high on Feb 10, 2021	15.9%, high on Jun 30, 2026
Against its benchmark
Measure	GXDW	TMAT
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
Measure	GXDW	TMAT
Expense ratio	0.50%	0.79%
Net assets, GXDW as of Oct 12, 2026 and TMAT as of Jul 31, 2026	$6.0m	$237m
Holdings
Measure	GXDW	TMAT
Holdings in common	0%

Method

What they share

By the books each fund has filed, GXDW and TMAT hold 0% 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

0% in common

Positions both hold · largest shared weight first GXDW TMAT

Only in one fund ↓

Only in GXDW

Global X Cybersecurity ETF 21.19%

Global X Lithium & Battery Tech ETF 20.36%

Global X Artificial Intelligence & Technology ETF 20.15%

Global X Hydrogen ETF 19.58%

Global X Internet of Things ETF 18.70%

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: GXDW vs TMAT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GXDW	TMAT	GXDW	TMAT
3 months	−4.0%	−9.4%	not measured	−8.1 pts vs ACWI
6 months	−20.3%	−4.9%	not measured	−7.5 pts vs ACWI
1 year	−13.8%	−3.1%	not measured	−18.1 pts vs ACWI
3 years	+7.4%	+92.3%	not measured	+14.7 pts vs ACWI
Since launchNot the same days: GXDW Nov 2019 · TMAT Jan 2021	−3.6%	+7.5%	not measured	−85.1 pts vs ACWI

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Side by side

GXDW Global X Dorsey Wright Thematic ETF · Holds 5 stocks in broad innovation and megatrends, 0% 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 Global X Main

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 0.0% 50.3%

Active share vs the S&P 500 100.0% 91.6%

In the Nasdaq-100 0.0% 29.4%

Holdings 5 87

Top ten, share of the fund 100.0% 26.9%

Expense ratio 0.50% 0.79%

Fee for the differing part 0.50% 0.86%

Total return, 1 year −13.8% −3.1%

vs its benchmark not measured −18.1 pts vs ACWI

Below its high −61.7% −15.9%

Net assets, GXDW as of Oct 12, 2026 and TMAT as of Jul 31, 2026 $6.0m $237m

As of Nov 4, 2026. Source: ETFIQ.

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

Alert

About each fund

GXDW

By weight, 0% of GXDW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 100% of the fund across 5 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −13.8% with distributions reinvested. It sits 61.7% below its all-time high of Feb 10, 2021.

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 GXDW 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, GXDW or TMAT?: GXDW has 0% of its weight in S&P 500 names and TMAT has 50%, so GXDW differs more from the index.
Which is cheaper, GXDW or TMAT?: GXDW charges 0.50% a year and TMAT charges 0.79%, so GXDW is cheaper. Fees come from each fund's prospectus.

Other comparisons

GXDW vs FDTX GXDW vs ILDR GXDW vs QQQJ GXDW vs XT TMAT vs BUYZ TMAT vs BULD TMAT vs ABOT TMAT vs INVN

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GXDW on its own →TMAT on its own →GXDW dividend history →GXDW holdings →TMAT dividend history →TMAT holdings →Method →Standards and sources →

Sources and dates

GXDW filings on SEC EDGAR ↗

GXDW prospectus with the expense ratio (SEC) ↗

Global X page for GXDW ↗

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

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