XXX vs. MATE

Last updated Jun 3, 2026

XXX (CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. XXX is passively managed, while MATE is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. XXX charges 0.95%/yr vs 0.97%/yr for MATE.

Performance

XXX vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF (XXX) and Man Active Trend Enhanced ETF (MATE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XXX

• 1D: -1.20%
• 1M: 0.93%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MATE

• 1D: 0.38%
• 1M: 7.30%
• YTD: 20.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XXX vs. MATE - Yearly Performance Comparison

	2026 (YTD)
XXX CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF	-1.38%
MATE Man Active Trend Enhanced ETF	11.52%

Correlation

The correlation between XXX and MATE is 0.78, 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 Feb 2, 2026	0.78

Return for Risk

XXX vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF (XXX) 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

	XXX	MATE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	3.10	-3.28

Drawdowns

XXX vs. MATE - Drawdown Comparison

The maximum XXX drawdown since its inception was -12.88%, roughly equal to the maximum MATE drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for XXX and MATE.

Drawdown Indicators

	XXX	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-12.88%	-13.24%	+0.36%
Current Drawdown Current decline from peak	-3.90%	0.00%	-3.90%
Average Drawdown Average peak-to-trough decline	-5.28%	-3.30%	-1.98%

Volatility

Volatility by Period

	XXX	MATE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.44%	21.85%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	21.85%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	21.85%	+1.59%

XXX vs. MATE - Expense Ratio Comparison

XXX has a 0.95% expense ratio, which is lower than MATE's 0.97% expense ratio.

Dividends

XXX vs. MATE - Dividend Comparison

XXX's dividend yield for the trailing twelve months is around 0.06%, while MATE has not paid dividends to shareholders.

Position	TTM
MATE Man Active Trend Enhanced ETF	0.00%
XXX CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF	0.06%

Frequently Asked Questions

Can I hold both XXX and MATE in my portfolio?

XXX and MATE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXX or MATE?

On fees, XXX is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXX or MATE?

XXX is cheaper with a 0.95% expense ratio, compared with 0.97% for MATE.

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

XXX has the higher dividend yield at 0.06%, compared with 0.00% for MATE.

What is the main difference between XXX and MATE?

They also come from different issuers: Cyber Hornet and Man Group. Their fees differ too: 0.95% for XXX and 0.97% for MATE.