MEMA vs. MANI

Last updated Aug 1, 2026

MEMA (Man Active Emerging Markets Alternative ETF) and MANI (Man Active Income ETF) are both exchange-traded funds - MEMA is a Emerging Markets Equities fund actively managed by Man Group, while MANI is a Multisector Bonds fund actively managed by Man Group. Both are actively managed. Their 0.44 correlation means their historical movements had little consistent relationship. Both charge a 0.85% expense ratio.

Performance

MEMA vs. MANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Emerging Markets Alternative ETF (MEMA) 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, MEMA achieves a 14.29% return, which is significantly higher than MANI's 4.94% return.

MEMA

• 1D: 0.06%
• 1M: -2.60%
• 6M: 4.95%
• YTD: 14.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MANI

• 1D: 0.16%
• 1M: 0.49%
• 6M: 3.73%
• YTD: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MANI Man Active Income ETF	$12.79K	$28.11K	$69.51K
MEMA Man Active Emerging Markets Alternative ETF	$715.98K	$516.31K	$304.18K

MEMA vs. MANI - Yearly Performance Comparison

	2026 (YTD)	2025
MEMA Man Active Emerging Markets Alternative ETF	14.29%	2.94%
MANI Man Active Income ETF	4.94%	0.36%

Correlation

The correlation between MEMA and MANI is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.44

Return for Risk

MEMA vs. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Emerging Markets Alternative ETF (MEMA) 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

MEMA vs. MANI - Drawdown Comparison

The maximum MEMA drawdown since its inception was -14.73%, which is greater than MANI's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for MEMA and MANI.

Drawdown Indicators

	MEMA	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-14.73%	-0.74%	-13.99%
Current Drawdown Current decline from peak	-10.80%	0.00%	-10.80%
Average Drawdown Average peak-to-trough decline	-3.90%	-0.10%	-3.80%

Volatility

Volatility by Period

	MEMA	MANI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.54%	1.96%	+26.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.54%	1.96%	+26.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.54%	1.96%	+26.58%

MEMA vs. MANI - Expense Ratio Comparison

Both MEMA and MANI have an expense ratio of 0.85%.

Dividends

MEMA vs. MANI - Dividend Comparison

MEMA's dividend yield for the trailing twelve months is around 0.30%, less than MANI's 4.65% yield.

Position	TTM	2025
MANI Man Active Income ETF	4.65%	3.00%
MEMA Man Active Emerging Markets Alternative ETF	0.30%	0.00%

Frequently Asked Questions

Can I hold both MEMA and MANI in my portfolio?

MEMA and MANI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEMA or MANI?

Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEMA or MANI?

MEMA and MANI have the same expense ratio: 0.85% per year.

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

MANI has the higher dividend yield at 4.65%, compared with 0.30% for MEMA.

What is the main difference between MEMA and MANI?

MEMA is categorized as Emerging Markets Equities, while MANI is Multisector Bonds.