MANI vs. MATE

Last updated Jun 6, 2026

MANI (Man Active Income ETF) and MATE (Man Active Trend Enhanced ETF) are both exchange-traded funds - MANI is a Multisector Bonds fund actively managed by Man Group, while MATE is a Tactical Allocation fund actively managed by Man Group. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. MANI charges 0.85%/yr vs 0.97%/yr for MATE.

Performance

MANI vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Income ETF (MANI) 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, MANI achieves a 3.71% return, which is significantly lower than MATE's 14.79% return.

MANI

• 1D: -0.09%
• 1M: 0.70%
• YTD: 3.71%
• 6M: 4.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MATE

• 1D: -4.41%
• 1M: -0.27%
• YTD: 14.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MANI vs. MATE - Yearly Performance Comparison

	2026 (YTD)	2025
MANI Man Active Income ETF	3.71%	0.42%
MATE Man Active Trend Enhanced ETF	14.79%	4.27%

Correlation

The correlation between MANI and MATE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.42

Return for Risk

MANI vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Income ETF (MANI) 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.

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

Sharpe Ratios by Period

	MANI	MATE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.24	2.12	+2.13

Drawdowns

MANI vs. MATE - Drawdown Comparison

The maximum MANI drawdown since its inception was -0.74%, smaller than the maximum MATE drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for MANI and MATE.

Drawdown Indicators

	MANI	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-13.24%	+12.50%
Current Drawdown Current decline from peak	-0.09%	-5.02%	+4.93%
Average Drawdown Average peak-to-trough decline	-0.11%	-3.26%	+3.15%

Volatility

Volatility by Period

	MANI	MATE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.07%	22.65%	-20.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.07%	22.65%	-20.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.07%	22.65%	-20.58%

MANI vs. MATE - Expense Ratio Comparison

MANI has a 0.85% expense ratio, which is lower than MATE's 0.97% expense ratio.

Dividends

MANI vs. MATE - Dividend Comparison

MANI's dividend yield for the trailing twelve months is around 3.18%, while MATE has not paid dividends to shareholders.

Position	TTM	2025
MANI Man Active Income ETF	3.18%	3.00%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MANI and MATE in my portfolio?

MANI and MATE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MANI or MATE?

On fees, MANI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MANI or MATE?

MANI is cheaper with a 0.85% expense ratio, compared with 0.97% for MATE.

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

MANI has the higher dividend yield at 3.18%, compared with 0.00% for MATE.

What is the main difference between MANI and MATE?

MANI is categorized as Multisector Bonds, while MATE is Tactical Allocation. Their fees differ too: 0.85% for MANI and 0.97% for MATE.