VGMS vs. MANI

Last updated Aug 4, 2026

VGMS (Vanguard Multi-Sector Income Bond ETF) and MANI (Man Active Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. VGMS charges 0.30%/yr vs 0.85%/yr for MANI.

Performance

VGMS vs. MANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Multi-Sector Income Bond ETF (VGMS) 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, VGMS achieves a 1.40% return, which is significantly lower than MANI's 5.12% return.

VGMS

• 1D: 0.23%
• 1M: -0.32%
• 6M: 0.87%
• YTD: 1.40%
• 1Y: 5.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.08%

MANI

• 1D: 0.17%
• 1M: 0.66%
• 6M: 3.87%
• YTD: 5.12%
• 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	$13.20K	$27.24K	$70.35K
VGMS Vanguard Multi-Sector Income Bond ETF	$2.49M	$2.36M	$2.04M

VGMS vs. MANI - Yearly Performance Comparison

	2026 (YTD)	2025
VGMS Vanguard Multi-Sector Income Bond ETF	1.40%	1.60%
MANI Man Active Income ETF	5.12%	2.30%

Correlation

The correlation between VGMS and MANI is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.55

Return for Risk

VGMS vs. MANI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VGMS

VGMS Risk / Return Rank: 66
VGMS Sharpe Ratio Rank: 66
VGMS Sortino Ratio Rank: 69
VGMS Omega Ratio Rank: 68
VGMS Calmar Ratio Rank: 56
VGMS Martin Ratio Rank: 72

MANI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VGMS vs. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond ETF (VGMS) 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.

	VGMS	MANI	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.08	—	—
Martin ratio: Return relative to average drawdown	9.14	—	—

Drawdowns

VGMS vs. MANI - Drawdown Comparison

The maximum VGMS drawdown since its inception was -2.46%, which is greater than MANI's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for VGMS and MANI.

Drawdown Indicators

	VGMS	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-2.46%	-0.74%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	—	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.10%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	VGMS	MANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	1.96%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.17%	1.96%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	1.96%	+1.21%

VGMS vs. MANI - Expense Ratio Comparison

VGMS has a 0.30% expense ratio, which is lower than MANI's 0.85% expense ratio.

Dividends

VGMS vs. MANI - Dividend Comparison

VGMS's dividend yield for the trailing twelve months is around 5.43%, more than MANI's 4.64% yield.

Position	TTM	2025
MANI Man Active Income ETF	4.64%	3.00%
VGMS Vanguard Multi-Sector Income Bond ETF	5.43%	2.94%

Frequently Asked Questions

Can I hold both VGMS and MANI in my portfolio?

VGMS and MANI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGMS or MANI?

On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGMS or MANI?

VGMS is cheaper with a 0.30% expense ratio, compared with 0.85% for MANI.

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

VGMS has the higher dividend yield at 5.43%, compared with 4.64% for MANI.

What is the main difference between VGMS and MANI?

They also come from different issuers: Vanguard and Man Group. Their fees differ too: 0.30% for VGMS and 0.85% for MANI.