TMATvsQOWZETF Comparison
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Main Thematic Innovation ETF (TMAT) belongs to the Multiple Trends segment. Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Information Technology, Industrials and Health Care. TMAT is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.39% for QOWZ. TMAT is up 5.72% year-to-date (YTD) with +$3M in YTD flows. QOWZ performs worse with -5.92% YTD performance, and +$8K in YTD flows. Run a side-by-side ETF comparison of TMAT and QOWZ 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 QOWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMAT QOWZ | +10.27%+10.14% | +5.77%-5.53% | +5.72%-5.92% | +44.74%+8.70% | +94.38%n/a | +8.12%n/a |
| Flows | TMAT QOWZ | +$479K- | +$3M+$8K | +$3M+$8K | +$19M-$2M | +$32M- | +$84M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMAT QOWZ | +24.70%+18.61% | +23.97%+15.34% | +27.80%n/a | +30.49%n/a |
| Max drawdown | TMAT QOWZ | -11.17%-14.23% | -21.62%-17.83% | -33.46%n/a | -52.59%n/a |
| Max drawdown duration | TMAT QOWZ | 77d90d | 197d181d | 129dn/a | 1542dn/a |
Trading data
TMAT | QOWZ | |
Last sale 4/28/2026 at 1:32 PM | $25.83 | $33.66 |
| Previous close 04/27/2026 | $26.33 | $33.61 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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TMAT
is actively managed and doesn’t replicate an indexTMAT | QOWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:32 PM
Live
Closed
TMAT | QOWZ | |
|---|---|---|
| Last price | $25.83 | $33.66 |
| 1D performance | -1.90% | +0.17% |
| AuM | $209.96 M | $13.46 M |
| E/R | 0.85% | 0.39% |
Characteristics
TMAT | QOWZ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Main Management ETF Advisors | Invesco |
| Benchmark | - | Nasdaq US Free Cash Flow Achievers Index |
| N° of holdings | 82 | 50 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 29, 2021 | December 5, 2023 |
| ESG | No | No |
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Exposure
Countries
TMAT
USA
83.68%
Other
16.32%
QOWZ
USA
100%
Other
0%
Sectors
TMAT
Information Techn.
41.15%
Industrials
21.82%
Health Care
8.44%
Other
28.59%
QOWZ
Information Techn.
59.02%
Industrials
16.09%
Health Care
11.48%
Communication Ser.
8.26%
Other
5.16%
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Diversification
TMAT
Total weight of top 15 holdings out of 15
28.76%
QOWZ
Total weight of top 15 holdings out of 15
57.47%
Top 15 holdings
Data as of March 31, 2026
TMAT
PALO ALTO NETWORKS
2.57%
CLEAR SECURE
2.54%
LUMENTUM HOLDINGS
2.42%
CIENA
2.17%
MICRON TECHNOLOGY
2.07%
KEYSIGHT TECHNOLOGIES
1.93%
US36828A1016
1.88%
AUTODESK
1.85%
CROWDSTRIKE HOLDINGS INC
1.69%
UBER TECHNOLOGIES INC
1.67%
ARGAN
1.64%
INSULET
1.62%
CLOUDFLARE INC
1.59%
FORTINET
1.58%
WOODWARD
1.54%
QOWZ
NVIDIA
10.36%
BROADCOM LIMITED
7.04%
META PLATFORMS
5.92%
MASTERCARD
4.53%
KLA CORPORATION
3.38%
THERMO FISHER SCIENTIFIC
3.21%
SALESFORCE INC
3.17%
INTUIT
2.95%
SERVICENOW
2.67%
ADOBE INC
2.55%
AUTOMATIC DATA PROCESSING
2.47%
WARNER BROS. DISCOVERY
2.34%
CADENCE DESIGN SYSTEMS
2.34%
REPUBLIC SVCS
2.31%
FORTINET
2.26%
Frequently asked questions about TMAT and QOWZ
How have the TMAT and QOWZ ETFs performed in 2026?
As of April 24, 2026, TMAT is up 5.72% year-to-date (YTD), while QOWZ has lost -5.92%. That puts TMAT better performer ahead so far this year.
Which ETF is attracting more investor money: TMAT or QOWZ?
Year-to-date, the TMAT ETF saw +$3M in flows, compared to +$8K for QOWZ.
Which ETF is more volatile: TMAT or QOWZ?
Over the past year, TMAT had a volatility of 23.97%, while QOWZ experienced 15.34%.
Which ETF is bigger: TMAT or QOWZ?
As of April 24, 2026, TMAT holds $209.96 M in assets under management (AUM), while QOWZ manages $13.46 M.
What sectors do the TMAT and QOWZ ETFs invest in?
TMAT leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, QOWZ focuses on Information Technology, Industrials and Health Care.
What are the top holdings of the TMAT ETF and QOWZ ETF?
TMAT top holdings include PALO ALTO NETWORKS, CLEAR SECURE and LUMENTUM HOLDINGS. QOWZ holds in its top three: NVIDIA, BROADCOM LIMITED and META PLATFORMS.
Which ETF is more diversified: TMAT or QOWZ?
TMAT holds 84 securities with 28.76% of its assets in the top 15. QOWZ has 50 securities and a top 15 weight of 57.47%.
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