ARP vs. MATE

Last updated Aug 2, 2026

ARP (PMV Adaptive Risk Parity ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. Both are actively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. ARP charges 1.42%/yr vs 0.97%/yr for MATE.

Performance

ARP vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PMV Adaptive Risk Parity ETF (ARP) and Man Active Trend Enhanced ETF (MATE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARP achieves a 8.24% return, which is significantly lower than MATE's 16.80% return.

ARP

• 1D: 0.13%
• 1M: 1.65%
• 6M: 2.24%
• YTD: 8.24%
• 1Y: 22.60%
• 3Y*: 13.08%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.87%

MATE

• 1D: 1.04%
• 1M: 0.82%
• 6M: 7.78%
• YTD: 16.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARP PMV Adaptive Risk Parity ETF	$115.46K	$121.20K	$189.42K
MATE Man Active Trend Enhanced ETF	$292.25K	$229.16K	$177.20K

ARP vs. MATE - Yearly Performance Comparison

	2026 (YTD)	2025
ARP PMV Adaptive Risk Parity ETF	8.24%	0.71%
MATE Man Active Trend Enhanced ETF	16.80%	2.65%

Correlation

The correlation between ARP and MATE is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.77

Return for Risk

ARP vs. MATE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARP

ARP Risk / Return Rank: 63
ARP Sharpe Ratio Rank: 65
ARP Sortino Ratio Rank: 56
ARP Omega Ratio Rank: 70
ARP Calmar Ratio Rank: 64
ARP Martin Ratio Rank: 62

MATE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARP vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PMV Adaptive Risk Parity ETF (ARP) and Man Active Trend Enhanced ETF (MATE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ARP	MATE	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.23	—	—
Martin ratio: Return relative to average drawdown	7.39	—	—

Drawdowns

ARP vs. MATE - Drawdown Comparison

The maximum ARP drawdown since its inception was -10.13%, smaller than the maximum MATE drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for ARP and MATE.

Drawdown Indicators

	ARP	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-10.13%	-13.24%	+3.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.13%	—	—
Current Drawdown Current decline from peak	-3.29%	-3.36%	+0.07%
Average Drawdown Average peak-to-trough decline	-1.90%	-3.49%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	—	—

Volatility

Volatility by Period

	ARP	MATE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	22.45%	-7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.51%	22.45%	-11.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.51%	22.45%	-11.94%

ARP vs. MATE - Expense Ratio Comparison

ARP has a 1.42% expense ratio, which is higher than MATE's 0.97% expense ratio.

Dividends

ARP vs. MATE - Dividend Comparison

ARP's dividend yield for the trailing twelve months is around 6.04%, while MATE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ARP PMV Adaptive Risk Parity ETF	6.04%	6.54%	5.29%	2.67%	0.06%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARP and MATE in my portfolio?

ARP and MATE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARP or MATE?

On fees, MATE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARP or MATE?

MATE is cheaper with a 0.97% expense ratio, compared with 1.42% for ARP.

Which ETF pays a higher dividend yield, ARP or MATE?

ARP has the higher dividend yield at 6.04%, compared with 0.00% for MATE.

What is the main difference between ARP and MATE?

They also come from different issuers: PMV and Man Group. Their fees differ too: 1.42% for ARP and 0.97% for MATE.