NBFC vs. MANI
NBFC (Flexible Credit Income ETF) and MANI (Man Active Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. NBFC charges 0.40%/yr vs 0.85%/yr for MANI.
Performance
NBFC vs. MANI - Performance Comparison
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Returns By Period
In the year-to-date period, NBFC achieves a 1.56% return, which is significantly lower than MANI's 4.19% return.
NBFC
- 1D
- -0.14%
- 1M
- 0.50%
- YTD
- 1.56%
- 6M
- 1.73%
- 1Y
- 7.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MANI
- 1D
- -0.01%
- 1M
- 0.75%
- YTD
- 4.19%
- 6M
- 4.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBFC vs. MANI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBFC Flexible Credit Income ETF | 1.56% | 1.73% |
MANI Man Active Income ETF | 4.19% | 2.30% |
Correlation
The correlation between NBFC and MANI is 0.56, 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 Sep 18, 2025 | 0.56 |
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Return for Risk
NBFC vs. MANI — Risk / Return Rank
NBFC
MANI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NBFC vs. MANI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flexible Credit Income ETF (NBFC) 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.
| NBFC | MANI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | — | — |
| Martin ratioReturn relative to average drawdown | 11.19 | — | — |
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Drawdowns
NBFC vs. MANI - Drawdown Comparison
The maximum NBFC drawdown since its inception was -3.99%, which is greater than MANI's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for NBFC and MANI.
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Drawdown Indicators
| NBFC | MANI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.99% | -0.74% | -3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.01% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -0.11% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | — | — |
Volatility
NBFC vs. MANI - Volatility Comparison
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Volatility by Period
| NBFC | MANI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 2.03% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 2.03% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 2.03% | +1.58% |
NBFC vs. MANI - Expense Ratio Comparison
NBFC has a 0.40% expense ratio, which is lower than MANI's 0.85% expense ratio.
Dividends
NBFC vs. MANI - Dividend Comparison
NBFC's dividend yield for the trailing twelve months is around 7.32%, more than MANI's 3.17% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MANI Man Active Income ETF | 3.17% | 3.00% | 0.00% |
NBFC Flexible Credit Income ETF | 7.32% | 7.71% | 3.95% |
Frequently Asked Questions
NBFC and MANI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBFC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBFC is cheaper with a 0.40% expense ratio, compared with 0.85% for MANI.
NBFC has the higher dividend yield at 7.32%, compared with 3.17% for MANI.
They also come from different issuers: Neuberger and Man Group. Their fees differ too: 0.40% for NBFC and 0.85% for MANI.
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