MATE vs. ORO

Last updated Jun 4, 2026

MATE (Man Active Trend Enhanced ETF) and ORO (Arrow Valtoro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 1.25%/yr for ORO.

Performance

MATE vs. ORO - Performance Comparison

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

Returns By Period

In the year-to-date period, MATE achieves a 20.78% return, which is significantly higher than ORO's 7.13% return.

MATE

• 1D: -0.07%
• 1M: 7.70%
• YTD: 20.78%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORO

• 1D: -0.51%
• 1M: -3.85%
• YTD: 7.13%
• 6M: 6.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MATE vs. ORO - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	20.78%	4.27%
ORO Arrow Valtoro ETF	7.13%	-0.83%

Correlation

The correlation between MATE and ORO is 0.54, 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 18, 2025	0.54

Return for Risk

MATE vs. ORO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and Arrow Valtoro ETF (ORO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MATE	ORO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.07	-0.17	+3.24

Drawdowns

MATE vs. ORO - Drawdown Comparison

The maximum MATE drawdown since its inception was -13.24%, which is greater than ORO's maximum drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for MATE and ORO.

Drawdown Indicators

	MATE	ORO	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-12.46%	-0.78%
Current Drawdown Current decline from peak	-0.07%	-6.56%	+6.49%
Average Drawdown Average peak-to-trough decline	-3.27%	-6.54%	+3.27%

Volatility

Volatility by Period

	MATE	ORO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	23.68%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.76%	23.68%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	23.68%	-1.92%

MATE vs. ORO - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is lower than ORO's 1.25% expense ratio.

Dividends

MATE vs. ORO - Dividend Comparison

Neither MATE nor ORO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MATE and ORO in my portfolio?

MATE and ORO have a correlation of 0.54, 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 ORO?

On fees, MATE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MATE or ORO?

MATE is cheaper with a 0.97% expense ratio, compared with 1.25% for ORO.

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

MATE and ORO have nearly identical dividend yields, around 0.00%.

What is the main difference between MATE and ORO?

They also come from different issuers: Man Group and Arrow Funds. Their fees differ too: 0.97% for MATE and 1.25% for ORO.