MULT vs. MANI

Last updated Jun 24, 2026

MULT (Franklin Multisector Income ETF) and MANI (Man Active Income ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. MULT charges 0.39%/yr vs 0.85%/yr for MANI.

Performance

MULT vs. MANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Multisector Income ETF (MULT) 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, MULT achieves a 0.88% return, which is significantly lower than MANI's 4.19% return.

MULT

• 1D: -0.14%
• 1M: 0.54%
• YTD: 0.88%
• 6M: 1.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MANI

• 1D: -0.01%
• 1M: 0.75%
• YTD: 4.19%
• 6M: 4.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MULT vs. MANI - Yearly Performance Comparison

	2026 (YTD)	2025
MULT Franklin Multisector Income ETF	0.88%	1.24%
MANI Man Active Income ETF	4.19%	2.30%

Correlation

The correlation between MULT and MANI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.46

Return for Risk

MULT vs. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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

MULT vs. MANI - Drawdown Comparison

The maximum MULT drawdown since its inception was -1.70%, which is greater than MANI's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for MULT and MANI.

Drawdown Indicators

	MULT	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-0.74%	-0.96%
Current Drawdown Current decline from peak	-0.43%	-0.01%	-0.42%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.11%	-0.21%

Volatility

Volatility by Period

	MULT	MANI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	2.03%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	2.03%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.95%	2.03%	+0.92%

MULT vs. MANI - Expense Ratio Comparison

MULT has a 0.39% expense ratio, which is lower than MANI's 0.85% expense ratio.

Dividends

MULT vs. MANI - Dividend Comparison

MULT's dividend yield for the trailing twelve months is around 3.41%, more than MANI's 3.17% yield.

Position	TTM	2025
MANI Man Active Income ETF	3.17%	3.00%
MULT Franklin Multisector Income ETF	3.41%	1.56%

Frequently Asked Questions

Can I hold both MULT and MANI in my portfolio?

MULT and MANI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MULT or MANI?

On fees, MULT is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MULT or MANI?

MULT is cheaper with a 0.39% expense ratio, compared with 0.85% for MANI.

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

MULT has the higher dividend yield at 3.41%, compared with 3.17% for MANI.

What is the main difference between MULT and MANI?

They also come from different issuers: Franklin and Man Group. Their fees differ too: 0.39% for MULT and 0.85% for MANI.