MATE vs. SFTY

Last updated Jun 4, 2026

MATE (Man Active Trend Enhanced ETF) and SFTY (Horizon Managed Risk ETF) are both Tactical Allocation funds. Their correlation of 0.82 suggests significant overlap in exposure. MATE charges 0.97%/yr vs 0.77%/yr for SFTY.

Performance

MATE vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Trend Enhanced ETF (MATE) and Horizon Managed Risk ETF (SFTY). 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 SFTY's 9.84% return.

MATE

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

SFTY

• 1D: -0.32%
• 1M: 4.71%
• YTD: 9.84%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MATE vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	20.78%	4.27%
SFTY Horizon Managed Risk ETF	9.84%	2.07%

Correlation

The correlation between MATE and SFTY is 0.82, 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 18, 2025	0.82

Return for Risk

MATE vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) and Horizon Managed Risk ETF (SFTY). 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	SFTY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.07	2.11	+0.95

Drawdowns

MATE vs. SFTY - Drawdown Comparison

The maximum MATE drawdown since its inception was -13.24%, which is greater than SFTY's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for MATE and SFTY.

Drawdown Indicators

	MATE	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-8.64%	-4.60%
Current Drawdown Current decline from peak	-0.07%	-0.32%	+0.25%
Average Drawdown Average peak-to-trough decline	-3.27%	-1.10%	-2.17%

Volatility

Volatility by Period

	MATE	SFTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	11.64%	+10.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.76%	11.64%	+10.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	11.64%	+10.12%

MATE vs. SFTY - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is higher than SFTY's 0.77% expense ratio.

Dividends

MATE vs. SFTY - Dividend Comparison

MATE has not paid dividends to shareholders, while SFTY's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025
MATE Man Active Trend Enhanced ETF	0.00%	0.00%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both MATE and SFTY in my portfolio?

MATE and SFTY have a correlation of 0.82, 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 SFTY?

On fees, SFTY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MATE or SFTY?

SFTY is cheaper with a 0.77% expense ratio, compared with 0.97% for MATE.

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

SFTY has the higher dividend yield at 0.17%, compared with 0.00% for MATE.

What is the main difference between MATE and SFTY?

They also come from different issuers: Man Group and Horizon. Their fees differ too: 0.97% for MATE and 0.77% for SFTY.