MATE vs. MHY

Last updated Jun 23, 2026

MATE (Man Active Trend Enhanced ETF) and MHY (Man Active High Yield ETF) are both exchange-traded funds - MATE is a Tactical Allocation fund actively managed by Man Group, while MHY is a High Yield Bonds fund actively managed by Man Group. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 0.69%/yr for MHY.

Performance

MATE vs. MHY - Performance Comparison

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

Returns By Period

In the year-to-date period, MATE achieves a 17.50% return, which is significantly higher than MHY's 4.13% return.

MATE

• 1D: -0.11%
• 1M: -1.12%
• YTD: 17.50%
• 6M: 16.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHY

• 1D: 0.27%
• 1M: 1.76%
• YTD: 4.13%
• 6M: 4.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MATE vs. MHY - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	17.50%	2.65%
MHY Man Active High Yield ETF	4.13%	0.29%

Correlation

The correlation between MATE and MHY is 0.55, 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	0.55

Return for Risk

MATE vs. MHY - Risk-Adjusted Trends Comparison

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

The maximum MATE drawdown since its inception was -13.24%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for MATE and MHY.

Drawdown Indicators

	MATE	MHY	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-1.58%	-11.66%
Current Drawdown Current decline from peak	-2.78%	0.00%	-2.78%
Average Drawdown Average peak-to-trough decline	-3.33%	-0.29%	-3.04%

Volatility

Volatility by Period

	MATE	MHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.97%	3.00%	+19.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	3.00%	+19.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.97%	3.00%	+19.97%

MATE vs. MHY - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is higher than MHY's 0.69% expense ratio.

Dividends

MATE vs. MHY - Dividend Comparison

MATE has not paid dividends to shareholders, while MHY's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025
MATE Man Active Trend Enhanced ETF	0.00%	0.00%
MHY Man Active High Yield ETF	3.55%	3.42%

Frequently Asked Questions

Can I hold both MATE and MHY in my portfolio?

MATE and MHY have a correlation of 0.55, 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 MHY?

On fees, MHY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MATE or MHY?

MHY is cheaper with a 0.69% expense ratio, compared with 0.97% for MATE.

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

MHY has the higher dividend yield at 3.55%, compared with 0.00% for MATE.

What is the main difference between MATE and MHY?

MATE is categorized as Tactical Allocation, while MHY is High Yield Bonds. Their fees differ too: 0.97% for MATE and 0.69% for MHY.