CORO vs. MATE

Last updated Jul 14, 2026

CORO (iShares International Country Rotation Active ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. CORO charges 0.55%/yr vs 0.97%/yr for MATE.

Performance

CORO vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Country Rotation Active ETF (CORO) 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, CORO achieves a 15.32% return, which is significantly lower than MATE's 16.71% return.

CORO

• 1D: -1.80%
• 1M: -1.23%
• 6M: 10.64%
• YTD: 15.32%
• 1Y: 30.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MATE

• 1D: -0.93%
• 1M: 1.30%
• 6M: 8.84%
• YTD: 16.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORO vs. MATE - Yearly Performance Comparison

	2026 (YTD)	2025
CORO iShares International Country Rotation Active ETF	15.32%	1.83%
MATE Man Active Trend Enhanced ETF	16.71%	2.65%

Correlation

The correlation between CORO and MATE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

Return for Risk

CORO vs. MATE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CORO

CORO Risk / Return Rank: 71
CORO Sharpe Ratio Rank: 72
CORO Sortino Ratio Rank: 68
CORO Omega Ratio Rank: 72
CORO Calmar Ratio Rank: 69
CORO Martin Ratio Rank: 73

MATE

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CORO vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Country Rotation Active ETF (CORO) 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.

	CORO	MATE	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.75	—	—
Martin ratio: Return relative to average drawdown	10.53	—	—

Drawdowns

CORO vs. MATE - Drawdown Comparison

The maximum CORO drawdown since its inception was -14.13%, which is greater than MATE's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CORO and MATE.

Drawdown Indicators

	CORO	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-13.24%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.25%	—	—
Current Drawdown Current decline from peak	-3.98%	-3.44%	-0.54%
Average Drawdown Average peak-to-trough decline	-1.78%	-3.43%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	—	—

Volatility

Volatility by Period

	CORO	MATE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	22.64%	-5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	22.64%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	22.64%	-5.40%

CORO vs. MATE - Expense Ratio Comparison

CORO has a 0.55% expense ratio, which is lower than MATE's 0.97% expense ratio.

Dividends

CORO vs. MATE - Dividend Comparison

CORO's dividend yield for the trailing twelve months is around 2.85%, while MATE has not paid dividends to shareholders.

Position	TTM	2025	2024
CORO iShares International Country Rotation Active ETF	2.85%	3.20%	1.53%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CORO and MATE in my portfolio?

CORO 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, CORO or MATE?

On fees, CORO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORO or MATE?

CORO is cheaper with a 0.55% expense ratio, compared with 0.97% for MATE.

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

CORO has the higher dividend yield at 2.85%, compared with 0.00% for MATE.

What is the main difference between CORO and MATE?

They also come from different issuers: iShares and Man Group. Their fees differ too: 0.55% for CORO and 0.97% for MATE.