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ETFs

Main Thematic Innovation ETF

TMAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 29 2021
Expense Ratio
1.64%
Type
Global Equities
Fund Owner
Main Management
Volume (1m avg. daily)
$186,266
AUM
$87,230,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
11.25%
ESPO
VanEck Investments Limited - VanEck Video Gaming and Esports ETF
10.94%
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
10.79%
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
10.65%
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
10.57%
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
10.53%
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
8.94%
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
7.65%
ONLN
ProShares Trust - ProShares Online Retail ETF
7.47%
BITQ
Exchange Traded Concepts Trust - Bitwise Crypto Industry Innovators ETF
5.82%
Invest with TMAT

What is TMAT?

The Main Thematic Innovation ETF (TMAT) seeks to achieve its objective through dynamic thematic rotation. Main focuses its research primarily on identifying emerging, disruptive, and innovative themes that have a large market demand or addressable market. The fund rotates among themes with large addressable markets which may range from nascent technologies to those on the cusp of widespread adoption and buys securities of ETFs investing in those themes.

ETFs related toTMAT

ETFs correlated to TMAT include IPO, IBUY, XT

TMAT
Northern Lights Fund Trust IV - Main Thematic Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TMAT is a Global Equities ETF. The Main Thematic Innovation ETF (TMAT) seeks to achieve its objective through dynamic thematic rotation. Main focuses its research primarily on identifying emerging, disruptive, and innovative themes that have a large market demand or addressable market. The fund rotates among themes with large addressable markets which may range from nascent technologies to those on the cusp of widespread adoption and buys securities of ETFs investing in those themes.

Yes, TMAT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TMAT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TMAT is -0.0302%. This is the percent change in the value of TMAT over the most recent 1-month period. The 3-month return on TMAT is -0.0542%. This is the percent change in the value of TMAT over the most recent 3-month period.

The standard deviation of TMAT for the past year is 0.3006%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TMAT include PBW, IGF, and EFG.

ETFs correlated to TMAT include IPO, IBUY, and XT.

ETFs that are inversely correlated to TMAT include SARK, HIBS, and WEBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.