MANI vs SPY
Man Active Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MANI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | - | $789.1B | |
| Dividend Yield | - | 1.01% | |
| Holdings | 76 | 505 | |
| YTD Return | +5.50% | +13.68% | |
| 1Y Return | +8.14% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -0.7% | -56.5% | |
| Fund Family | Man Solutions LLC | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 16, 2025 | Jan 22, 1993 |
MANI vs SPY Performance
Man Active Income ETF (MANI) is a ETF from Man Solutions LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MANI returned +8.14% while SPY returned +21.53%. Year to date, MANI is up 5.50% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.7% for MANI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MANI charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period.
Holdings Overlap
MANI and SPY share 0 holdings out of 513 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MANI or SPY?
MANI has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, MANI or SPY?
Over the past year MANI returned +8.14% vs +21.53% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between MANI and SPY?
MANI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
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