MATE vs. ALLW
MATE (Man Active Trend Enhanced ETF) and ALLW (SPDR Bridgewater All Weather ETF) are both Tactical Allocation funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 0.85%/yr for ALLW.
Performance
MATE vs. ALLW - Performance Comparison
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Returns By Period
In the year-to-date period, MATE achieves a 20.78% return, which is significantly higher than ALLW's 9.20% return.
MATE
- 1D
- -0.07%
- 1M
- 7.70%
- YTD
- 20.78%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALLW
- 1D
- -0.76%
- 1M
- 0.91%
- YTD
- 9.20%
- 6M
- 8.47%
- 1Y
- 23.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MATE vs. ALLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MATE Man Active Trend Enhanced ETF | 20.78% | 4.27% |
ALLW SPDR Bridgewater All Weather ETF | 9.20% | 0.97% |
Correlation
The correlation between MATE and ALLW is 0.66, 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 18, 2025 | 0.66 |
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Return for Risk
MATE vs. ALLW — Risk / Return Rank
MATE
ALLW
MATE vs. ALLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and SPDR Bridgewater All Weather ETF (ALLW). 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.
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Sharpe Ratios by Period
| MATE | ALLW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.07 | 1.62 | +1.45 |
Drawdowns
MATE vs. ALLW - Drawdown Comparison
The maximum MATE drawdown since its inception was -13.24%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for MATE and ALLW.
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Drawdown Indicators
| MATE | ALLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -8.78% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.23% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.79% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -1.20% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.70% | — |
Volatility
MATE vs. ALLW - Volatility Comparison
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Volatility by Period
| MATE | ALLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 10.52% | +11.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 12.54% | +9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 12.54% | +9.22% |
MATE vs. ALLW - Expense Ratio Comparison
MATE has a 0.97% expense ratio, which is higher than ALLW's 0.85% expense ratio.
Dividends
MATE vs. ALLW - Dividend Comparison
MATE has not paid dividends to shareholders, while ALLW's dividend yield for the trailing twelve months is around 4.28%.
| Position | TTM | 2025 |
|---|---|---|
ALLW SPDR Bridgewater All Weather ETF | 4.28% | 4.67% |
MATE Man Active Trend Enhanced ETF | 0.00% | 0.00% |
Frequently Asked Questions
MATE and ALLW have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALLW is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALLW is cheaper with a 0.85% expense ratio, compared with 0.97% for MATE.
ALLW has the higher dividend yield at 4.28%, compared with 0.00% for MATE.
They also come from different issuers: Man Group and State Street. Their fees differ too: 0.97% for MATE and 0.85% for ALLW.
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