ESBG vs. MATE

Last updated Jul 14, 2026

ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. ESBG charges 0.95%/yr vs 0.97%/yr for MATE.

Performance

ESBG vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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, ESBG achieves a -2.86% return, which is significantly lower than MATE's 16.71% return.

ESBG

• 1D: -2.33%
• 1M: -2.85%
• 6M: -8.17%
• YTD: -2.86%
• 1Y: —
• 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)

ESBG vs. MATE - Yearly Performance Comparison

	2026 (YTD)	2025
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	-2.86%	-0.06%
MATE Man Active Trend Enhanced ETF	16.71%	2.65%

Correlation

The correlation between ESBG and MATE is 0.67, 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	0.67

Return for Risk

ESBG vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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.

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

Drawdowns

ESBG vs. MATE - Drawdown Comparison

The maximum ESBG drawdown since its inception was -18.84%, which is greater than MATE's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for ESBG and MATE.

Drawdown Indicators

	ESBG	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-18.84%	-13.24%	-5.60%
Current Drawdown Current decline from peak	-17.63%	-3.44%	-14.19%
Average Drawdown Average peak-to-trough decline	-7.74%	-3.43%	-4.31%

Volatility

Volatility by Period

	ESBG	MATE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.71%	22.64%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.71%	22.64%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.71%	22.64%	+3.07%

ESBG vs. MATE - Expense Ratio Comparison

ESBG has a 0.95% expense ratio, which is lower than MATE's 0.97% expense ratio.

Dividends

ESBG vs. MATE - Dividend Comparison

ESBG's dividend yield for the trailing twelve months is around 1.12%, while MATE has not paid dividends to shareholders.

Position	TTM	2025
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	1.12%	0.24%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESBG and MATE in my portfolio?

ESBG and MATE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESBG or MATE?

On fees, ESBG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESBG or MATE?

ESBG is cheaper with a 0.95% expense ratio, compared with 0.97% for MATE.

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

ESBG has the higher dividend yield at 1.12%, compared with 0.00% for MATE.

What is the main difference between ESBG and MATE?

They also come from different issuers: First Trust and Man Group. Their fees differ too: 0.95% for ESBG and 0.97% for MATE.