TMATvsGFLWETF Comparison
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Main Thematic Innovation ETF (TMAT) belongs to the Multiple Trends segment. VictoryShares Free Cash Flow Growth ETF (GFLW) is part of the US Large Cap Growth segment. TMAT's top 3 sector exposures are Technology, Industrials and Non-Energy Materials. In contrast, GFLW's top sector exposures are Technology, Industrials and Healthcare. TMAT is more expensive with a Total Expense Ratio (TER) of 0.82%, versus 0.5% for GFLW. TMAT is up 10.73% year-to-date (YTD) with +$29M in YTD flows. GFLW performs better with 16.84% YTD performance, and +$296M in YTD flows. Run a side-by-side ETF comparison of TMAT and GFLW 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 GFLW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMAT GFLW | -9.46%-5.29% | -8.71%-1.21% | +10.73%+16.84% | +2.69%+15.64% | +95.38%n/a | +20.86%n/a |
| Flows | TMAT GFLW | +$5M+$43M | +$22M+$222M | +$29M+$296M | +$35M+$350M | +$49M- | +$102M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMAT GFLW | +30.29%+21.48% | +28.18%+22.00% | +28.96%n/a | +31.35%n/a |
| Max drawdown | TMAT GFLW | -15.71%-9.33% | -21.62%-14.90% | -33.46%n/a | -51.77%n/a |
| Max drawdown duration | TMAT GFLW | 77d42d | 224d172d | 129dn/a | 1338dn/a |
Trading data
TMAT | GFLW | |
Last sale 9/15/2026 at 7:34 PM | $27.66 | $32.97 |
| Previous close 09/15/2026 | $27.71 | $32.80 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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TMAT
is actively managed and doesn’t replicate an indexTMAT | GFLW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 7:34 PM
Live
Closed
TMAT | GFLW | |
|---|---|---|
| Last price | $27.66 | $32.97 |
| 1D performance | -0.18% | +0.51% |
| AuM | $245.62 M | $1.04 B |
| E/R | 0.82% | 0.5% |
Characteristics
TMAT | GFLW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Main Management ETF Advisors | VictoryShares |
| Benchmark | - | Victory Free Cash Flow Growth Index |
| N° of holdings | 88 | 100 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 29, 2021 | December 4, 2024 |
| ESG | No | No |
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Exposure
Countries
TMAT
USA
89.37%
Other
10.63%
GFLW
USA
96.35%
Other
3.65%
Sectors
TMAT
Technology
52.71%
Industrials
21.95%
Non-Energy Materi.
11.31%
Healthcare
10.46%
Other
3.57%
GFLW
Technology
43.92%
Industrials
16.36%
Healthcare
15.56%
Consumer Services
11.49%
Other
12.67%
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Diversification
TMAT
Total weight of top 15 holdings out of 15
35.85%
GFLW
Total weight of top 15 holdings out of 15
34.34%
Top 15 holdings
Data as of July 31, 2026
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.
2.17%
Hinge Health, Inc.
2.09%
Lumentum Holdings, Inc.
2.06%
Advanced Micro Devices, Inc.
2.05%
Keysight Technologies, Inc.
1.95%
Bentley Systems, Inc.
1.88%
Rubrik, Inc.
1.86%
Cloudflare, Inc.
1.81%
Varonis Systems, Inc.
1.76%
AAON, Inc.
1.70%
GFLW
NVIDIA Corp.
3.76%
Caterpillar, Inc.
3.13%
Dell Technologies, Inc.
2.82%
Sandisk Corp.
2.46%
Broadcom Inc.
2.45%
Applied Materials, Inc.
2.37%
Eli Lilly & Co.
2.33%
Lam Research Corp.
2.26%
GE Vernova, Inc.
2.19%
Royalty Pharma Plc
2.10%
Newmont Corp.
2.01%
Comfort Systems USA, Inc.
1.77%
Adobe, Inc.
1.58%
KLA Corp.
1.58%
Booking Holdings, Inc.
1.53%
Frequently asked questions about TMAT and GFLW
How have the TMAT and GFLW ETFs performed in 2026?
As of September 15, 2026, TMAT is up 10.73% year-to-date (YTD), while GFLW has returned 16.84%. That puts GFLW better performer ahead so far this year.
Which ETF is attracting more investor money: TMAT or GFLW?
Year-to-date, the TMAT ETF saw +$29M in flows, compared to +$296M for GFLW.
Which ETF is more volatile: TMAT or GFLW?
Over the past year, TMAT had a volatility of 28.18%, while GFLW experienced 22%.
Which ETF is bigger: TMAT or GFLW?
As of September 15, 2026, TMAT holds $245.62 M in assets under management (AUM), while GFLW manages $1.04 B.
What sectors do the TMAT and GFLW ETFs invest in?
TMAT leans toward sectors like Technology, Industrials and Non-Energy Materials. Meanwhile, GFLW focuses on Technology, Industrials and Healthcare.
What are the top holdings of the TMAT ETF and GFLW ETF?
TMAT top holdings include Palo Alto Networks, Inc., Micron Technology, Inc. and CrowdStrike Holdings, Inc.. GFLW holds in its top three: NVIDIA Corp., Caterpillar, Inc. and Dell Technologies, Inc..
Which ETF is more diversified: TMAT or GFLW?
TMAT holds 88 securities with 35.85% of its assets in the top 15. GFLW has 100 securities and a top 15 weight of 34.34%.
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Latest news about TMAT & GFLW
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