MATE vs. MANI

Last updated Jun 25, 2026

MATE (Man Active Trend Enhanced ETF) and MANI (Man Active Income ETF) are both exchange-traded funds - MATE is a Tactical Allocation fund actively managed by Man Group, while MANI is a Multisector Bonds fund actively managed by Man Group. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. MATE charges 0.97%/yr vs 0.85%/yr for MANI.

Performance

MATE vs. MANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Trend Enhanced ETF (MATE) and Man Active Income ETF (MANI). 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 MANI's 2.59% return.

MATE

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

MANI

• 1D: -1.53%
• 1M: -0.80%
• YTD: 2.59%
• 6M: 2.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MATE vs. MANI - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	12.55%	2.65%
MANI Man Active Income ETF	2.59%	0.36%

Correlation

The correlation between MATE and MANI 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 Dec 17, 2025	0.46

Return for Risk

MATE vs. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and Man Active Income ETF (MANI). 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. MANI - Drawdown Comparison

The maximum MATE drawdown since its inception was -13.24%, which is greater than MANI's maximum drawdown of -1.54%. Use the drawdown chart below to compare losses from any high point for MATE and MANI.

Drawdown Indicators

	MATE	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-1.54%	-11.70%
Current Drawdown Current decline from peak	-6.87%	-1.54%	-5.33%
Average Drawdown Average peak-to-trough decline	-3.37%	-0.11%	-3.26%

Volatility

Volatility by Period

	MATE	MANI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	2.71%	+20.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	2.71%	+20.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.26%	2.71%	+20.55%

MATE vs. MANI - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is higher than MANI's 0.85% expense ratio.

Dividends

MATE vs. MANI - Dividend Comparison

MATE has not paid dividends to shareholders, while MANI's dividend yield for the trailing twelve months is around 3.22%.

Position	TTM	2025
MANI Man Active Income ETF	3.22%	3.00%
MATE Man Active Trend Enhanced ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MATE and MANI in my portfolio?

MATE and MANI 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, MATE or MANI?

On fees, MANI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MATE or MANI?

MANI is cheaper with a 0.85% expense ratio, compared with 0.97% for MATE.

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

MANI has the higher dividend yield at 3.22%, compared with 0.00% for MATE.

What is the main difference between MATE and MANI?

MATE is categorized as Tactical Allocation, while MANI is Multisector Bonds. Their fees differ too: 0.97% for MATE and 0.85% for MANI.