MANI vs. TMSF

Last updated Jun 27, 2026

MANI (Man Active Income ETF) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. MANI charges 0.85%/yr vs 0.37%/yr for TMSF.

Performance

MANI vs. TMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Income ETF (MANI) and T. Rowe Price Multi-Sector Income ETF (TMSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MANI achieves a 4.12% return, which is significantly higher than TMSF's 2.15% return.

MANI

• 1D: -0.10%
• 1M: 0.57%
• YTD: 4.12%
• 6M: 4.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMSF

• 1D: 0.18%
• 1M: 0.57%
• YTD: 2.15%
• 6M: 2.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MANI vs. TMSF - Yearly Performance Comparison

	2026 (YTD)	2025
MANI Man Active Income ETF	4.12%	1.31%
TMSF T. Rowe Price Multi-Sector Income ETF	2.15%	1.29%

Correlation

The correlation between MANI and TMSF is 0.46, 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 Nov 20, 2025	0.46

Return for Risk

MANI vs. TMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Income ETF (MANI) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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

MANI vs. TMSF - Drawdown Comparison

The maximum MANI drawdown since its inception was -0.74%, smaller than the maximum TMSF drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for MANI and TMSF.

Drawdown Indicators

	MANI	TMSF	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-2.28%	+1.54%
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.36%	+0.25%

Volatility

Volatility by Period

	MANI	TMSF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	2.91%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.03%	2.91%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.03%	2.91%	-0.88%

MANI vs. TMSF - Expense Ratio Comparison

MANI has a 0.85% expense ratio, which is higher than TMSF's 0.37% expense ratio.

Dividends

MANI vs. TMSF - Dividend Comparison

MANI's dividend yield for the trailing twelve months is around 4.69%, more than TMSF's 3.28% yield.

Position	TTM	2025
MANI Man Active Income ETF	4.69%	3.00%
TMSF T. Rowe Price Multi-Sector Income ETF	3.28%	0.75%

Frequently Asked Questions

Can I hold both MANI and TMSF in my portfolio?

MANI and TMSF have a correlation of 0.46, 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 TMSF?

On fees, TMSF is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MANI or TMSF?

TMSF is cheaper with a 0.37% expense ratio, compared with 0.85% for MANI.

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

MANI has the higher dividend yield at 4.69%, compared with 3.28% for TMSF.

What is the main difference between MANI and TMSF?

They also come from different issuers: Man Group and T. Rowe Price. Their fees differ too: 0.85% for MANI and 0.37% for TMSF.