MANI vs HDG
Comparison between Man Active Income ETF (MANI, ETF) and PROSHARES HEDGE REPLICATION ETF (HDG, ETF).
MANI vs HDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MANI
$22M
Winner
HDG
$22M
Expense Ratio
Winner
MANI
0.85%
HDG
0.95%
Max Drawdown
Winner
MANI
2.95%
HDG
15.31%
Sharpe Ratio
Winner
MANI
2.32
HDG
1.30
5Y Beta
Winner
MANI
0.09
HDG
0.32
5Y Dividends CAGR
MANI
N/A
HDG
106.61%
MANI vs HDG - Holdings Comparison
MANI and HDG have 1 common holdings. Overlap is -0.03%
MANI's top 25 holdings weight is 60.02%. HDG's top 25 holdings weight is 21.14%.
| Rank | MANI | HDG |
|---|---|---|
| #1 | FIDUS INVESTMENT CORPORATION 6.75% (n/a) - 3.54% | CTE PROSHARES TRUST M (n/a) - 14.55% |
| #2 | n/a (n/a) - 3.46% | MSCI EAFE INDEX (EFA) SWAP (n/a) - 2.16% |
| #3 | SIRIUSPOINT LTD 6.158% (n/a) - 3.08% | CASH (n/a) - 2.09% |
| #4 | NASSAU COMPANIES OF NEW YORK 7.875% (n/a) - 3.04% | MSCI EMERGING MARKETS INDEX (EEM) SWAP (n/a) - 0.80% |
| #5 | BANCA TRANSILVANIA SA 8.875% (n/a) - 2.99% | S&P 500 INDEX SWAP (n/a) - 0.30% |
| #6 | AROUNDTOWN FINANCE S.A.R.L. 8.625% (n/a) - 2.94% | U.S. DOLLAR FOR FUTURES (n/a) - 0.17% |
| #7 | CHEPLAPHARM ARZNEIMITTEL GMBH 7.125% (n/a) - 2.89% | BLOOM ENERGY CORP CLASS A (BE) - 0.13% |
| #8 | WH SMITH PLC 1.625% (n/a) - 2.58% | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 0.08% |
| #9 | MAIN STREET CAPITAL CORP. 6.5% (n/a) - 2.54% | FABRINET (FN) - 0.07% |
| #10 | JEFFERSON CAPITAL HOLDIN 6 8/15/2026 (n/a) - 2.48% | NEXTPOWER INC CLASS A (NXT) - 0.07% |
| #11 | BLACKROCK TCP CAPITAL CORP. 2.85% (n/a) - 2.46% | ECHOSTAR CORP CLASS A (SATS) - 0.06% |
| #12 | LFS TOPCO LLC 8.75% (n/a) - 2.42% | HECLA MINING CO (HL) - 0.06% |
| #13 | SCGC 2023-1 F FRN 9/15/2037 (n/a) - 2.11% | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 0.06% |
| #14 | NORION BANK AB FRN 1/25/2035 (n/a) - 2.08% | COEUR MINING INC (CDE) - 0.06% |
| #15 | BREAD FINANCIAL HOLDINGS INC 8.375% (n/a) - 2.01% | BRIDGEBIO PHARMA INC (BBIO) - 0.05% |
| #16 | OCEAN YIELD AS FRN 9/4/2030 (n/a) - 1.99% | MODINE MANUFACTURING CO (MOD) - 0.05% |
| #17 | VIVION INVESTMENTS S.A.R.L 8% (n/a) - 1.97% | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 0.05% |
| #18 | WE SODA INV HOLDING PLC 9.5 10/6/2028 (n/a) - 1.96% | ENSIGN GROUP INC (ENSG) - 0.05% |
| #19 | CPI CG INC. 10% (n/a) - 1.95% | n/a (HASI) - 0.04% |
| #20 | n/a (n/a) - 1.94% | TG THERAPEUTICS INC (TGTX) - 0.04% |
| #21 | ACU PETROLEO LUXEMBOURG 7.5 1/13/2032 (n/a) - 1.94% | GENWORTH FINANCIAL INC (GNW) - 0.04% |
| #22 | ARIS MINING CORP 8 10/31/2029 (n/a) - 1.94% | IRHYTHM HOLDINGS INC (IRTC) - 0.04% |
| #23 | SIERRACOL ENRGY ANDINA 6 6/15/2028 (n/a) - 1.92% | CHAMPION HOMES INC (SKY) - 0.04% |
| #24 | ILLIMITY BANK S.P.A. 4.375% (n/a) - 1.90% | ICU MEDICAL INC (ICUI) - 0.04% |
| #25 | U.S. DOLLAR (n/a) - 1.89% | TERAWULF INC (WULF) - 0.04% |
| Total Holdings | 54 | 1778 |
MANI vs HDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MANI
+0.70%
HDG
-0.40%
3M
MANI
+2.23%
Winner
HDG
+3.79%
6M
MANI
+4.35%
Winner
HDG
+5.25%
1Y
MANI
N/A
HDG
+11.74%
5Y(CAGR)
MANI
N/A
HDG
+2.76%
10Y(CAGR)
MANI
N/A
HDG
+3.74%
Max(CAGR)
Winner
MANI
+8.73%
HDG
+2.86%
MANI vs HDG - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | MANI | HDG |
|---|---|---|
| 2026 | +3.55% | +4.84% |
| 2025 | +2.34% | +7.20% |
| 2024 | N/A | +5.48% |
| 2023 | N/A | +6.75% |
| 2022 | N/A | -8.65% |
| 2021 | N/A | +3.46% |
| 2020 | N/A | +7.08% |
| 2019 | N/A | +9.83% |
| 2018 | N/A | -4.79% |
| 2017 | N/A | +5.32% |
| 2016 | N/A | +2.87% |
| 2015 | N/A | -0.06% |
| 2014 | N/A | +2.04% |
| 2013 | N/A | +3.33% |
| 2012 | N/A | +2.38% |
| 2011 | N/A | -3.01% |
MANI vs HDG Drawdown Comparison
The maximum drawdown for MANI was -0.74%, occurring on Mar 20, 2026. Recovery took 34 trading sessions.
The maximum drawdown for HDG was -15.31%, occurring on Sep 29, 2022. Recovery took 722 trading sessions.
The current MANI drawdown is -0.09%. The current HDG drawdown is -1.62%.
| Rank | MANI | HDG |
|---|---|---|
| #1 | -0.74% Feb 18, 2026 - Apr 8, 2026 | -15.31% Nov 8, 2021 - Sep 24, 2024 |
| #2 | -0.67% Oct 3, 2025 - Oct 20, 2025 | -13.76% Feb 14, 2020 - Nov 5, 2020 |
| #3 | -0.43% Oct 27, 2025 - Nov 10, 2025 | -7.83% Jul 21, 2011 - Jan 2, 2013 |
| #4 | -0.31% Nov 11, 2025 - Nov 24, 2025 | -7.82% May 21, 2015 - Feb 15, 2017 |
| #5 | -0.28% Jan 16, 2026 - Jan 23, 2026 | -7.43% Jan 26, 2018 - Oct 21, 2019 |
| #6 | -0.21% Apr 28, 2026 - May 1, 2026 | -7.20% Feb 18, 2025 - Jul 3, 2025 |
| #7 | -0.18% Dec 11, 2025 - Dec 16, 2025 | -3.97% Feb 25, 2026 - Apr 16, 2026 |
| #8 | -0.18% Jan 5, 2026 - Jan 8, 2026 | -3.78% May 21, 2013 - Sep 18, 2013 |
| #9 | -0.16% Sep 22, 2025 - Oct 3, 2025 | -3.67% Mar 15, 2021 - Nov 5, 2021 |
| #10 | -0.16% Feb 2, 2026 - Feb 17, 2026 | -3.41% Sep 3, 2014 - Feb 4, 2015 |
| #11 | -0.14% May 26, 2026 - Jun 1, 2026 | -2.92% Feb 9, 2021 - Mar 15, 2021 |
| #12 | -0.12% Nov 28, 2025 - Dec 3, 2025 | -2.72% Oct 31, 2013 - Apr 2, 2014 |
| #13 | -0.12% May 8, 2026 - May 20, 2026 | -2.21% Oct 27, 2025 - Dec 10, 2025 |
| #14 | -0.10% Dec 19, 2025 - Dec 24, 2025 | -1.81% Jan 14, 2021 - Feb 4, 2021 |
| #15 | -0.09% Jun 4, 2026 - Jun 5, 2026 | -1.73% Dec 4, 2024 - Jan 30, 2025 |
Correlation
Correlation between MANI and HDG is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2012 - 2026)
MANI vs HDG dividend yield comparison.
| Year | MANI | HDG |
|---|---|---|
| 2026 | 0.28% | 0.51% |
| 2025 | 3.00% | 2.55% |
| 2024 | 0.00% | 3.50% |
| 2023 | 0.00% | 3.48% |
| 2022 | 0.00% | 0.39% |
| 2020 | 0.00% | 0.08% |
| 2019 | 0.00% | 1.09% |
| 2018 | 0.00% | 0.51% |
| 2015 | 0.00% | 0.00% |
| 2012 | 0.00% | 0.13% |
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