MATE vs. ONOF
MATE (Man Active Trend Enhanced ETF) and ONOF (Global X Adaptive U.S. Risk Management ETF) are both Tactical Allocation funds. MATE is actively managed, while ONOF is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. MATE charges 0.97%/yr vs 0.39%/yr for ONOF.
Performance
MATE vs. ONOF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MATE achieves a 12.55% return, which is significantly higher than ONOF's 4.31% return.
MATE
- 1D
- -1.46%
- 1M
- -5.28%
- YTD
- 12.55%
- 6M
- 10.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONOF
- 1D
- -0.42%
- 1M
- -1.55%
- YTD
- 4.31%
- 6M
- 3.02%
- 1Y
- 17.72%
- 3Y*
- 12.07%
- 5Y*
- 8.31%
- 10Y*
- —
MATE vs. ONOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MATE Man Active Trend Enhanced ETF | 12.55% | 2.65% |
ONOF Global X Adaptive U.S. Risk Management ETF | 4.31% | 0.84% |
Correlation
The correlation between MATE and ONOF is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | 0.81 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MATE vs. ONOF — Risk / Return Rank
MATE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ONOF
MATE vs. ONOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and Global X Adaptive U.S. Risk Management ETF (ONOF). 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 | ONOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.59 | — |
| Martin ratioReturn relative to average drawdown | — | 8.54 | — |
Loading charts...
Drawdowns
MATE vs. ONOF - Drawdown Comparison
The maximum MATE drawdown since its inception was -13.24%, smaller than the maximum ONOF drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for MATE and ONOF.
Loading charts...
Drawdown Indicators
| MATE | ONOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -26.21% | +12.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -6.87% | -3.47% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -6.11% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
MATE vs. ONOF - Volatility Comparison
Loading charts...
Volatility by Period
| MATE | ONOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 11.85% | +11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.26% | 14.41% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 14.39% | +8.87% |
MATE vs. ONOF - Expense Ratio Comparison
MATE has a 0.97% expense ratio, which is higher than ONOF's 0.39% expense ratio.
Dividends
MATE vs. ONOF - Dividend Comparison
MATE has not paid dividends to shareholders, while ONOF's dividend yield for the trailing twelve months is around 1.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MATE Man Active Trend Enhanced ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONOF Global X Adaptive U.S. Risk Management ETF | 1.32% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% |
Frequently Asked Questions
MATE and ONOF have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ONOF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ONOF is cheaper with a 0.39% expense ratio, compared with 0.97% for MATE.
ONOF has the higher dividend yield at 1.32%, compared with 0.00% for MATE.
They also come from different issuers: Man Group and Global X. Their fees differ too: 0.97% for MATE and 0.39% for ONOF.
Find the right allocation for MATE and ONOF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer