MEMA vs. MATE

Last updated Jun 4, 2026

MEMA (Man Active Emerging Markets Alternative ETF) and MATE (Man Active Trend Enhanced ETF) are both exchange-traded funds - MEMA is a Emerging Markets Diversified fund actively managed by Man Group, while MATE is a Tactical Allocation fund actively managed by Man Group. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. MEMA charges 0.85%/yr vs 0.97%/yr for MATE.

Performance

MEMA vs. MATE - 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 Trend Enhanced ETF (MATE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEMA achieves a 26.01% return, which is significantly higher than MATE's 20.78% return.

MEMA

• 1D: -1.65%
• 1M: 5.93%
• YTD: 26.01%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MATE

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

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

MEMA vs. MATE - Yearly Performance Comparison

	2026 (YTD)	2025
MEMA Man Active Emerging Markets Alternative ETF	26.01%	2.94%
MATE Man Active Trend Enhanced ETF	20.78%	4.27%

Correlation

The correlation between MEMA and MATE is 0.74, 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	0.74

Return for Risk

MEMA vs. MATE - 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 Trend Enhanced ETF (MATE). 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

	MEMA	MATE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.03	3.07	-0.04

Drawdowns

MEMA vs. MATE - Drawdown Comparison

The maximum MEMA drawdown since its inception was -13.12%, roughly equal to the maximum MATE drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for MEMA and MATE.

Drawdown Indicators

	MEMA	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-13.12%	-13.24%	+0.12%
Current Drawdown Current decline from peak	-1.65%	-0.07%	-1.58%
Average Drawdown Average peak-to-trough decline	-2.70%	-3.27%	+0.57%

Volatility

Volatility by Period

	MEMA	MATE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.81%	21.76%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.81%	21.76%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.81%	21.76%	+4.05%

MEMA vs. MATE - Expense Ratio Comparison

MEMA has a 0.85% expense ratio, which is lower than MATE's 0.97% expense ratio.

Dividends

MEMA vs. MATE - Dividend Comparison

Neither MEMA nor MATE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MEMA and MATE in my portfolio?

MEMA and MATE have a correlation of 0.74, 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 MATE?

On fees, MEMA is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEMA or MATE?

MEMA is cheaper with a 0.85% expense ratio, compared with 0.97% for MATE.

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

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

What is the main difference between MEMA and MATE?

MEMA is categorized as Emerging Markets Diversified, while MATE is Tactical Allocation. Their fees differ too: 0.85% for MEMA and 0.97% for MATE.