Do LFSC and TMAT hold the same stocks?

By their latest filings, 2% 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, LFSC or TMAT?

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

Which is cheaper, LFSC or TMAT?

LFSC charges 0.54% a year and TMAT charges 0.79%, so LFSC is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

LFSC vs TMAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, LFSC returned +43.6% to TMAT's −3.1%; 2% of their weight is in the same names.

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Net assets: $126m on Aug 31, 2026 for F/m Emerald Life Sciences Innovation ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.

LFSC on its own →TMAT on its own →

At a glance

0.0%

LFSC in the S&P 500

50.3%

TMAT in the S&P 500

+43.6%

LFSC total return, 1 year

−3.1%

TMAT total return, 1 year

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

0% of LFSC'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

LFSC costs 0.25 points a year less; their one-year returns differ by 46.7 points.

Points (pts) are percentage points.

LFSC vs TMAT: Holdings Overlap & Returns
Measure	LFSC	TMAT
Return
Measure	LFSC	TMAT
Total return, 1 year	+43.6%	−3.1%
Drawdown
Measure	LFSC	TMAT
Below its all-time high	5.7%, high on Aug 19, 2026	15.9%, high on Jun 30, 2026
Against its benchmark
Measure	LFSC	TMAT
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Its benchmark, total return, 1 year	+14.8%	+15.0%
Against its benchmark, 1 year	ahead by 28.8 pts	behind by 18.1 pts
Cost and size
Measure	LFSC	TMAT
Expense ratio	0.54%	0.79%
Net assets, LFSC as of Aug 31, 2026 and TMAT as of Jul 31, 2026	$126m	$237m
Holdings
Measure	LFSC	TMAT
Holdings in common	2%

Method

Risk and return

Nov 8, 2024 to Oct 30, 2026 · 103 weekly returns

LFSC TMAT

Return

Total return edge LFSC +61.4% +35.4%

Annualized edge LFSC +27.3% +16.5%

Price return edge LFSC +61.4% +35.4%

Risk

Volatility edge LFSC (slight) 26.7% 27.8%

Max drawdown edge LFSC −24.4% −32.4%

Downside capture 91.1% 137.1%

Beta 1.09 1.58

Risk-adjusted

Sharpe edge LFSC 0.89 0.55

Sortino edge LFSC 1.36 0.79

Treynor 0.217 0.006

Calmar edge LFSC 1.12 0.51

Against the benchmark

Alpha +13.4% a year −11.7% a year

Alpha t-stat 0.88 −1.72

Information ratio 0.67 −0.38

Tracking error 21.4% 18.4%

Each against its own benchmark: LFSC against IWV, Nov 8, 2024 to Oct 30, 2026; TMAT against ACWI, Feb 5, 2021 to Oct 30, 2026.

Reading

From Nov 2024 to Oct 2026, LFSC returned more: +61.4% to +35.4%. LFSC swung slightly less: 26.7% to 27.8%. LFSC fell less at its worst: −24.4% to −32.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: LFSC vs TMAT: Holdings Overlap & Returns
Measure	LFSC	TMAT	Edge	How it is measured
Return
Total return	+61.4%	+35.4%	LFSC	Price change plus distributions, reinvested.
Annualized	+27.3%	+16.5%	LFSC	Total return as a yearly rate.
Price return	+61.4%	+35.4%	LFSC	Price change alone, distributions left out.
Risk
Volatility	26.7%	27.8%	LFSC (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.5%	19.2%	LFSC (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.4%	−32.4%	LFSC	Deepest fall from a high to the low after it.
Upside capture	127.3%	171.0%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	91.1%	137.1%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.09	1.58	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.36	0.68	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.89	0.55	LFSC	Return above Treasury bills per unit of volatility.
Sortino	1.36	0.79	LFSC	Return above Treasury bills per unit of downside deviation.
Treynor	0.217	0.006		Return above Treasury bills per unit of beta.
Calmar	1.12	0.51	LFSC	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWV	ACWI		The ETF each fund is measured against.
Alpha	+13.4% a year	−11.7% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.88	−1.72	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−16.9% to +43.8%	−25.1% to +1.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.67	−0.38		Return against its benchmark per unit of tracking error.
Tracking error	21.4%	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, 103 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, LFSC and TMAT hold 2% 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

2% in common

Positions both hold · largest shared weight first LFSC TMAT

Hinge Health Inc 1.33% 2.09%

Waystar Holding Corp 1.18% 0.34%

Only in one fund ↓

Only in LFSC

Travere Therapeutics Inc 8.71%

Corcept Therapeutics Inc 6.72%

Spyre Therapeutics Inc 6.70%

LivaNova PLC 6.61%

Cogent Biosciences Inc 6.48%

Mirum Pharmaceuticals Inc 4.32%

Billiontoone Inc 3.86%

Guardant Health Inc 3.81%

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%

LUMENTUM HOLDINGS INC 2.06%

ADVANCED MICRO DEVICES INC 2.06%

Check overlap with more funds →

Window by window

Window by window: LFSC vs TMAT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	LFSC	TMAT	LFSC	TMAT
3 months	−3.8%	−9.4%	−3.5 pts vs IWV	−8.1 pts vs ACWI
6 months	+16.9%	−4.9%	+12.0 pts vs IWV	−7.5 pts vs ACWI
1 year	+43.6%	−3.1%	+28.8 pts vs IWV	−18.1 pts vs ACWI
3 years	–	+92.3%	–	+14.7 pts vs ACWI
Since launchNot the same days: LFSC Oct 2024 · TMAT Jan 2021	+83.4%	+7.5%	+46.4 pts vs IWV	−85.1 pts vs ACWI

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Side by side

LFSC F/m Emerald Life Sciences Innovation ETF · Holds 38 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 F/m 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 38 87

Top ten, share of the fund 54.0% 26.9%

Expense ratio 0.54% 0.79%

Fee for the differing part 0.54% 0.86%

Total return, 1 year +43.6% −3.1%

vs its benchmark +28.8 pts vs IWV −18.1 pts vs ACWI

Below its high −5.7% −15.9%

Net assets, LFSC as of Aug 31, 2026 and TMAT as of Jul 31, 2026 $126m $237m

As of Nov 4, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

Client brief:

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Alert

About each fund

LFSC

Over the year to Nov 4, 2026 the fund returned +43.6% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Total Return, so a holder was ahead by 28.8 pts.

By weight, 0% of LFSC'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 54% of the fund across 38 positions, as filed for Aug 31, 2026. It sits 5.7% below its all-time high of Aug 19, 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 LFSC and TMAT hold the same stocks?: By their latest filings, 2% 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, LFSC or TMAT?: LFSC has 0% of its weight in S&P 500 names and TMAT has 50%, so LFSC differs more from the index.
Which is cheaper, LFSC or TMAT?: LFSC charges 0.54% a year and TMAT charges 0.79%, so LFSC is cheaper. Fees come from each fund's prospectus.

Other comparisons

LFSC vs QQQJ LFSC vs XT LFSC vs ARKK LFSC vs BUYZ TMAT vs FDTX TMAT vs XT TMAT vs XDAT TMAT vs ARKK

Where to next

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

Sources and dates

LFSC filings on SEC EDGAR ↗

LFSC prospectus with the expense ratio (SEC) ↗

F/m 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.

Cite this pageCitation, APA and Markdown

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

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