MATE vs. ESBG

Last updated Jun 25, 2026

MATE (Man Active Trend Enhanced ETF) and ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) are both Tactical Allocation funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 0.95%/yr for ESBG.

Performance

MATE vs. ESBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Trend Enhanced ETF (MATE) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MATE achieves a 12.55% return, which is significantly higher than ESBG's -3.89% return.

MATE

• 1D: -1.46%
• 1M: -5.28%
• YTD: 12.55%
• 6M: 10.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESBG

• 1D: -1.88%
• 1M: -8.93%
• YTD: -3.89%
• 6M: -7.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MATE vs. ESBG - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	12.55%	2.65%
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	-3.89%	-0.06%

Correlation

The correlation between MATE and ESBG is 0.67, 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	0.67

Return for Risk

MATE vs. ESBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). 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

MATE vs. ESBG - Drawdown Comparison

The maximum MATE drawdown since its inception was -13.24%, smaller than the maximum ESBG drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for MATE and ESBG.

Drawdown Indicators

	MATE	ESBG	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-18.84%	+5.60%
Current Drawdown Current decline from peak	-6.87%	-18.50%	+11.63%
Average Drawdown Average peak-to-trough decline	-3.37%	-7.02%	+3.65%

Volatility

Volatility by Period

	MATE	ESBG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	26.31%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	26.31%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.26%	26.31%	-3.05%

MATE vs. ESBG - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is higher than ESBG's 0.95% expense ratio.

Dividends

MATE vs. ESBG - Dividend Comparison

MATE has not paid dividends to shareholders, while ESBG's dividend yield for the trailing twelve months is around 0.63%.

Position	TTM	2025
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	0.63%	0.24%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MATE and ESBG in my portfolio?

MATE and ESBG have a correlation of 0.67, 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 ESBG?

On fees, ESBG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MATE or ESBG?

ESBG is cheaper with a 0.95% expense ratio, compared with 0.97% for MATE.

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

ESBG has the higher dividend yield at 0.63%, compared with 0.00% for MATE.

What is the main difference between MATE and ESBG?

They also come from different issuers: Man Group and First Trust. Their fees differ too: 0.97% for MATE and 0.95% for ESBG.