MATE vs. ARP

Last updated Jun 4, 2026

MATE (Man Active Trend Enhanced ETF) and ARP (Pmv Adaptive Risk Parity ETF) are both Tactical Allocation funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 1.42%/yr for ARP.

Performance

MATE vs. ARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Trend Enhanced ETF (MATE) and Pmv Adaptive Risk Parity ETF (ARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MATE achieves a 20.78% return, which is significantly higher than ARP's 11.60% return.

MATE

• 1D: -0.07%
• 1M: 7.70%
• YTD: 20.78%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARP

• 1D: -0.29%
• 1M: 2.94%
• YTD: 11.60%
• 6M: 12.32%
• 1Y: 27.77%
• 3Y*: 15.46%
• 5Y*: —
• 10Y*: —

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

MATE vs. ARP - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	20.78%	4.27%
ARP Pmv Adaptive Risk Parity ETF	11.60%	0.93%

Correlation

The correlation between MATE and ARP is 0.75, 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	0.75

Return for Risk

MATE vs. ARP — Risk / Return Rank

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

ARP

ARP Risk / Return Rank: 60
ARP Sharpe Ratio Rank: 61
ARP Sortino Ratio Rank: 53
ARP Omega Ratio Rank: 71
ARP Calmar Ratio Rank: 56
ARP Martin Ratio Rank: 59

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.

MATE vs. ARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and Pmv Adaptive Risk Parity ETF (ARP). 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

	MATE	ARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.07	1.36	+1.71

Drawdowns

MATE vs. ARP - Drawdown Comparison

The maximum MATE drawdown since its inception was -13.24%, which is greater than ARP's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for MATE and ARP.

Drawdown Indicators

	MATE	ARP	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-10.13%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.13%	—
Current Drawdown Current decline from peak	-0.07%	-0.29%	+0.22%
Average Drawdown Average peak-to-trough decline	-3.27%	-1.81%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.67%	—

Volatility

Volatility by Period

	MATE	ARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	13.53%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.76%	10.06%	+11.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	10.06%	+11.70%

MATE vs. ARP - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is lower than ARP's 1.42% expense ratio.

Dividends

MATE vs. ARP - Dividend Comparison

MATE has not paid dividends to shareholders, while ARP's dividend yield for the trailing twelve months is around 5.86%.

Position	TTM	2025	2024	2023	2022
ARP Pmv Adaptive Risk Parity ETF	5.86%	6.54%	5.29%	2.67%	0.06%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MATE and ARP in my portfolio?

MATE and ARP have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MATE or ARP?

On fees, MATE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MATE or ARP?

MATE is cheaper with a 0.97% expense ratio, compared with 1.42% for ARP.

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

ARP has the higher dividend yield at 5.86%, compared with 0.00% for MATE.

What is the main difference between MATE and ARP?

They also come from different issuers: Man Group and PMV. Their fees differ too: 0.97% for MATE and 1.42% for ARP.