TMATvsFADETF Comparison
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Main Thematic Innovation ETF (TMAT) belongs to the Multiple Trends segment. First Trust Multi Cap Growth AlphaDEX Fund ETF (FAD) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Technology, Industrials and Healthcare. TMAT is more expensive with a Total Expense Ratio (TER) of 0.82%, versus 0.63% for FAD. TMAT is up 15.73% year-to-date (YTD) with +$28M in YTD flows. FAD performs worse with 12.5% YTD performance, and +$190M in YTD flows. Run a side-by-side ETF comparison of TMAT and FAD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TMAT vs FAD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMAT FAD | -2.07%+0.04% | +5.90%+1.84% | +15.73%+12.50% | +1.89%+10.41% | +128.05%+96.08% | +23.11%+46.84% |
| Flows | TMAT FAD | +$2M+$9M | +$14M+$45M | +$28M+$190M | +$26M+$206M | +$48M+$290M | +$99M+$245M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMAT FAD | +29.36%+17.86% | +28.56%+20.74% | +29.19%+19.99% | +31.48%+21.46% |
| Max drawdown | TMAT FAD | -12.94%-9.76% | -21.37%-12.44% | -33.46%-23.51% | -51.77%-31.99% |
| Max drawdown duration | TMAT FAD | 22d73d | 187d121d | 129d230d | 1338d967d |
Trading data
TMAT | FAD | |
Last sale 10/30/2026 at 1:30 PM | $27.31 | $176.89 |
| Previous close 10/29/2026 | $28.64 | $181.81 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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TMAT
is actively managed and doesn’t replicate an indexTMAT | FAD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
TMAT | FAD | |
|---|---|---|
| Last price | $27.31 | $176.89 |
| 1D performance | -4.64% | -2.71% |
| AuM | $255.28 M | $609.25 M |
| E/R | 0.82% | 0.63% |
Characteristics
TMAT | FAD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Main Management ETF Advisors | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Multi Cap Growth Index |
| N° of holdings | 84 | 669 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 29, 2021 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
TMAT
USA
90.68%
Other
9.32%
FAD
USA
96.73%
Other
3.27%
Sectors
TMAT
Technology
52.8%
Industrials
19.87%
Healthcare
13.22%
Non-Energy Materi.
11.49%
Other
2.62%
FAD
Technology
26.65%
Industrials
19.45%
Healthcare
17.55%
Finance
13.85%
Other
22.5%
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Diversification
TMAT
Total weight of top 15 holdings out of 15
38.95%
FAD
Total weight of top 15 holdings out of 15
8.14%
Top 15 holdings
Data as of September 30, 2026
TMAT
Micron Technology, Inc.
5.08%
Palo Alto Networks, Inc.
4.96%
Vicor Corp.
2.82%
Rubrik, Inc.
2.73%
Fortinet, Inc.
2.70%
Lumentum Holdings, Inc.
2.61%
Hinge Health, Inc.
2.53%
Advanced Micro Devices, Inc.
2.45%
Cloudflare, Inc.
2.09%
Keysight Technologies, Inc.
2.07%
Varonis Systems, Inc.
1.94%
Ero Copper Corp.
1.78%
Twist Bioscience Corp.
1.75%
Hudbay Minerals, Inc.
1.72%
Clear Secure, Inc.
1.72%
FAD
Everpure, Inc.
0.66%
Dell Technologies, Inc.
0.61%
Illumina, Inc.
0.59%
Natera, Inc.
0.59%
Lumentum Holdings, Inc.
0.59%
Fortinet, Inc.
0.57%
CrowdStrike Holdings, Inc.
0.54%
Datadog, Inc.
0.52%
Advanced Micro Devices, Inc.
0.52%
Keysight Technologies, Inc.
0.52%
Incyte Corp.
0.50%
Analog Devices, Inc.
0.50%
Interactive Brokers Group, Inc.
0.48%
Seagate Technology Holdings Plc
0.48%
Arista Networks, Inc.
0.47%
Frequently asked questions about TMAT and FAD
How have the TMAT and FAD ETFs performed in 2026?
As of October 28, 2026, TMAT is up 15.73% year-to-date (YTD), while FAD has returned 12.5%. That puts TMAT better performer ahead so far this year.
Which ETF is attracting more investor money: TMAT or FAD?
Year-to-date, the TMAT ETF saw +$28M in flows, compared to +$190M for FAD.
Which ETF is more volatile: TMAT or FAD?
Over the past year, TMAT had a volatility of 28.56%, while FAD experienced 20.74%.
Which ETF is bigger: TMAT or FAD?
As of October 28, 2026, TMAT holds $255.28 M in assets under management (AUM), while FAD manages $609.25 M.
What sectors do the TMAT and FAD ETFs invest in?
TMAT leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, FAD focuses on Technology, Industrials and Healthcare.
What are the top holdings of the TMAT ETF and FAD ETF?
TMAT top holdings include Micron Technology, Inc., Palo Alto Networks, Inc. and Vicor Corp.. FAD holds in its top three: Everpure, Inc., Dell Technologies, Inc. and Illumina, Inc..
Which ETF is more diversified: TMAT or FAD?
TMAT holds 84 securities with 38.95% of its assets in the top 15. FAD has 669 securities and a top 15 weight of 8.14%.
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