Data as of .
TMAT vs XT: which is really different?
TMAT and XT hold 12% of their weight in the same names, and XT 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 XT hold 12% of their money in the same securities at the same weight.
| Holding | TMAT | XT |
|---|---|---|
| ROCKWELL AUTOMATION INC | 1.09% | 0.42% |
| AGILENT TECHNOLOGIES INC | 0.48% | 0.25% |
| WATERS CORP | 0.82% | 0.25% |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.28% | 0.19% |
| WESTERN DIGITAL CORP | 1.15% | 0.15% |
| Only in TMAT | Only in XT |
|---|---|
| VICOR CORP 2.98% | MICROSOFT 4.19% |
| MICRON TECHNOLOGY INC 2.81% | NVIDIA 4.13% |
| LUMENTUM HOLDINGS INC 2.75% | ELI LILLY 3.94% |
| CIENA CORP 2.61% | TESLA INC 3.52% |
| PALO ALTO NETWORKS INC 2.55% | TEXAS INSTRUMENT INC 3.49% |
| CLEAR SECURE INC 2.48% | JOHNSON & JOHNSON 3.47% |
| KEYSIGHT TECHNOLOGIES INC 2.26% | PALO ALTO NETWORKS 2.99% |
| MODINE MANUFACTURING COMPANY 1.94% | ANALOG DEVICES 2.85% |
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 Sep 17, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| TMAT | XT | TMAT | XT | TMAT | XT | |
| 3 months | −5.8% | 0.0% | −8.1 pts | −2.3 pts | −3.3 pts | +2.5 pts |
| 6 months | +21.2% | +22.9% | +3.1 pts | +4.8 pts | −3.1 pts | −1.4 pts |
| 1 year | +3.5% | +24.4% | −13.0 pts | +7.8 pts | −18.2 pts | +2.6 pts |
| 3 years | +105.6% | +67.9% | +27.2 pts | −10.5 pts | +7.4 pts | −30.2 pts |
| Since launch | +16.5% | +284.5% | −105.8 pts | −56.6 pts | −120.4 pts | −342.6 pts |
| TMAT Main Thematic Innovation ETF Holds 88 stocks in broad innovation and megatrends, 46% of its weight in S&P 500 companies | XT iShares Future Exponential Technologies ETF Holds 225 stocks in broad innovation and megatrends, 64% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Main | iShares |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 46.4% | 64.5% |
| Active share vs the S&P 500 | 91.5% | 67.5% |
| In the Nasdaq-100 | 22.9% | 39.4% |
| Holdings | 88 | 225 |
| Top ten, share of the fund | 24.2% | 33.9% |
| Expense ratio | 0.82% | 0.46% |
| Fee for the differing part | 0.90% | 0.68% |
| Total return, 1 year | +3.5% | +24.4% |
| vs the S&P 500 | −13.0 pts | +7.8 pts |
| vs the Nasdaq-100 | −18.2 pts | +2.6 pts |
| Below its high | −9.0% | −1.9% |
| Net assets | $211m | $4.0bn |
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.
XT in plain words
By weight, 64% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 68%. The top ten holdings are 34% of the fund across 225 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +24.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 7.8 pts.
Questions people ask
- Do TMAT and XT 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 XT?
- TMAT has 46% of its weight in S&P 500 names and XT has 64%, so TMAT differs more from the index.
- Which is cheaper, TMAT or XT?
- TMAT charges 0.82% a year and XT charges 0.46%, so XT 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 XT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/tmat-vs-xt Free to use with attribution; the underlying files are at Open data.