THMR vs. MATE

Last updated Jul 16, 2026

THMR (THOR AdaptiveRisk Dynamic ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. THMR charges 1.10%/yr vs 0.97%/yr for MATE.

Performance

THMR vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR AdaptiveRisk Dynamic ETF (THMR) and Man Active Trend Enhanced ETF (MATE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THMR

• 1D: 0.16%
• 1M: -2.94%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MATE

• 1D: -0.23%
• 1M: -0.54%
• 6M: 9.81%
• YTD: 17.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THMR vs. MATE - Yearly Performance Comparison

	2026 (YTD)
THMR THOR AdaptiveRisk Dynamic ETF	1.65%
MATE Man Active Trend Enhanced ETF	13.46%

Correlation

The correlation between THMR and MATE 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 Apr 9, 2026	0.82

Return for Risk

THMR vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR AdaptiveRisk Dynamic ETF (THMR) 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.

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

THMR vs. MATE - Drawdown Comparison

The maximum THMR drawdown since its inception was -7.95%, smaller than the maximum MATE drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for THMR and MATE.

Drawdown Indicators

	THMR	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-7.95%	-13.24%	+5.29%
Current Drawdown Current decline from peak	-5.91%	-2.80%	-3.11%
Average Drawdown Average peak-to-trough decline	-2.70%	-3.42%	+0.72%

Volatility

Volatility by Period

	THMR	MATE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	22.51%	-7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	22.51%	-7.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	22.51%	-7.60%

THMR vs. MATE - Expense Ratio Comparison

THMR has a 1.10% expense ratio, which is higher than MATE's 0.97% expense ratio.

Dividends

THMR vs. MATE - Dividend Comparison

Neither THMR nor MATE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both THMR and MATE in my portfolio?

THMR and MATE 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, THMR or MATE?

On fees, MATE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THMR or MATE?

MATE is cheaper with a 0.97% expense ratio, compared with 1.10% for THMR.

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

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

What is the main difference between THMR and MATE?

They also come from different issuers: THOR Financial Technologies and Man Group. Their fees differ too: 1.10% for THMR and 0.97% for MATE.