Data as of .
TMAT vs XDAT: which is really different?
TMAT and XDAT hold 12% of their weight in the same names, and TMAT returned more over the year.
ETFIQ Off-Index Score: TMAT scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
12% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, TMAT and XDAT hold 12% of their money in the same securities at the same weight.
| Holding | TMAT | XDAT |
|---|---|---|
| PALO ALTO NETWORKS INC | 2.55% | 4.54% |
| CROWDSTRIKE HOLDINGS INC | 1.71% | 4.39% |
| CLOUDFLARE INC | 1.40% | 10.14% |
| WESTERN DIGITAL CORP | 1.15% | 1.53% |
| ZSCALER INC | 0.87% | 0.87% |
| FORTINET INC | 1.45% | 0.84% |
| CIENA CORP | 2.61% | 0.81% |
| LUMENTUM HOLDINGS INC | 2.75% | 0.79% |
| KEYSIGHT TECHNOLOGIES INC | 2.26% | 0.54% |
| RUBRIK INC | 1.44% | 0.43% |
| QUALYS INC | 0.66% | 0.32% |
| BENTLEY SYSTEMS INC | 1.82% | 0.22% |
| Only in TMAT | Only in XDAT |
|---|---|
| VICOR CORP 2.98% | ALPHABET INC 9.76% |
| MICRON TECHNOLOGY INC 2.81% | META PLATFORMS INC 6.43% |
| CLEAR SECURE INC 2.48% | SNOWFLAKE INC 5.03% |
| MODINE MANUFACTURING COMPANY 1.94% | APPLOVIN CORP 5.02% |
| ADVANCED ENERGY INDUSTRIES INC 1.91% | DATADOG INC 4.11% |
| AAON INC 1.89% | MONGODB INC 3.75% |
| VERTIV HOLDINGS COMPANY 1.88% | MICROSOFT CORP 3.55% |
| GENERAC HOLDINGS INC 1.68% | JFROG LTD 3.45% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| TMAT | XDAT | TMAT | XDAT | TMAT | XDAT | |
| 3 months | −5.8% | +10.6% | −8.1 pts | +8.3 pts | −3.3 pts | +13.1 pts |
| 6 months | +21.2% | +23.9% | +3.1 pts | +5.9 pts | −3.1 pts | −0.3 pts |
| 1 year | +3.5% | −4.8% | −13.0 pts | −21.4 pts | −18.2 pts | −26.6 pts |
| 3 years | +105.6% | +47.1% | +27.2 pts | −31.3 pts | +7.4 pts | −51.1 pts |
| Since launch | +16.5% | +9.1% | −105.8 pts | −108.2 pts | −120.4 pts | −127.9 pts |
| TMAT Main Thematic Innovation ETF Holds 88 stocks in broad innovation and megatrends, 46% of its weight in S&P 500 companies | XDAT Franklin Exponential Data ETF Holds 59 stocks in broad innovation and megatrends, 61% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Main | Franklin |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 46.4% | 61.1% |
| Active share vs the S&P 500 | 91.5% | 86.2% |
| In the Nasdaq-100 | 22.9% | 49.6% |
| Holdings | 88 | 59 |
| Top ten, share of the fund | 24.2% | 56.7% |
| Expense ratio | 0.82% | 0.50% |
| Fee for the differing part | 0.90% | 0.58% |
| Total return, 1 year | +3.5% | −4.8% |
| vs the S&P 500 | −13.0 pts | −21.4 pts |
| vs the Nasdaq-100 | −18.2 pts | −26.6 pts |
| Below its high | −9.0% | −12.3% |
| Net assets | $211m | $4m |
TMAT in plain words
By weight, 46% 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 24% of the fund across 88 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +3.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 13.0 pts. It sits 9.0% below its all-time high of Jun 30, 2026.
XDAT in plain words
By weight, 61% of XDAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 57% of the fund across 59 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −4.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.4 pts. It sits 12.3% below its all-time high of Nov 9, 2021.
Questions people ask
- Do TMAT and XDAT hold the same stocks?
- By their latest filings, 12% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, TMAT or XDAT?
- TMAT has 46% of its weight in S&P 500 names and XDAT has 61%, so TMAT differs more from the index.
- Which is cheaper, TMAT or XDAT?
- TMAT charges 0.82% a year and XDAT charges 0.50%, so XDAT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TMAT against XDAT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/tmat-vs-xdat Free to use with attribution; the underlying files are at Open data.