MATE vs. DALI
MATE (Man Active Trend Enhanced ETF) and DALI (First Trust Dorsey Wright DALI 1 ETF) are both Tactical Allocation funds. MATE is actively managed, while DALI is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 0.90%/yr for DALI.
Performance
MATE vs. DALI - Performance Comparison
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Returns By Period
In the year-to-date period, MATE achieves a 12.55% return, which is significantly higher than DALI's 2.86% return.
MATE
- 1D
- -1.46%
- 1M
- -5.28%
- YTD
- 12.55%
- 6M
- 10.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DALI
- 1D
- -0.59%
- 1M
- -3.01%
- YTD
- 2.86%
- 6M
- 1.07%
- 1Y
- 13.93%
- 3Y*
- 6.13%
- 5Y*
- 4.00%
- 10Y*
- —
MATE vs. DALI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MATE Man Active Trend Enhanced ETF | 12.55% | 2.65% |
DALI First Trust Dorsey Wright DALI 1 ETF | 2.86% | 0.81% |
Correlation
The correlation between MATE and DALI is 0.79, 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 | 0.79 |
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Return for Risk
MATE vs. DALI — Risk / Return Rank
MATE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DALI
MATE vs. DALI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and First Trust Dorsey Wright DALI 1 ETF (DALI). 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.
| MATE | DALI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.12 | — |
| Martin ratioReturn relative to average drawdown | — | 3.99 | — |
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Drawdowns
MATE vs. DALI - Drawdown Comparison
The maximum MATE drawdown since its inception was -13.24%, smaller than the maximum DALI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for MATE and DALI.
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Drawdown Indicators
| MATE | DALI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -36.06% | +22.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.26% | — |
Current DrawdownCurrent decline from peak | -6.87% | -5.85% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -10.09% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.50% | — |
Volatility
MATE vs. DALI - Volatility Comparison
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Volatility by Period
| MATE | DALI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 18.48% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.26% | 19.87% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 20.99% | +2.27% |
MATE vs. DALI - Expense Ratio Comparison
MATE has a 0.97% expense ratio, which is higher than DALI's 0.90% expense ratio.
Dividends
MATE vs. DALI - Dividend Comparison
MATE has not paid dividends to shareholders, while DALI's dividend yield for the trailing twelve months is around 0.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | 0.40% | 0.38% | 0.18% | 3.42% | 0.50% | 0.11% | 1.25% | 0.45% | 0.17% |
MATE Man Active Trend Enhanced ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MATE and DALI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DALI is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DALI is cheaper with a 0.90% expense ratio, compared with 0.97% for MATE.
DALI has the higher dividend yield at 0.40%, compared with 0.00% for MATE.
They also come from different issuers: Man Group and First Trust. Their fees differ too: 0.97% for MATE and 0.90% for DALI.
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