- Issuer
- Man Group
- Inception Date
- Sep 16, 2025
- Region
- Global (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $20M
Share Price Chart
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Performance
MHY Performance Chart
Man Active High Yield ETF (MHY) is up 2.8% since the beginning of the year. MHY is currently trading at $25 per share.
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Returns By Period
Man Active High Yield ETF
- 1D
- 0.01%
- 1M
- 0.39%
- YTD
- 2.83%
- 6M
- 3.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
MHY Monthly Returns History
Based on dividend-adjusted daily data since Sep 18, 2025, MHY's average daily return is +0.03%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2026 with a return of +1.5%, while the worst month was Feb 2026 at -0.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, MHY closed higher 57% of trading days. The best single day was Apr 8, 2026 with a return of +0.5%, while the worst single day was Mar 20, 2026 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.23% | -0.55% | -0.19% | 1.49% | 1.02% | -0.18% | 2.83% | ||||||
| 2025 | 0.40% | 0.12% | 0.48% | 0.74% | 1.74% |
Benchmark Metrics
Man Active High Yield ETF has an annualized alpha of 4.01%, beta of 0.16, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since September 19, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.70%) than losses (2.42%) - typical of diversified or defensive assets.
- Beta of 0.16 may look defensive, but with R2 of 0.48 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.01%
- Beta
- 0.16
- R²
- 0.48
- Upside Capture
- 20.70%
- Downside Capture
- 2.42%
Expense Ratio
MHY has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Man Active High Yield ETF provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.91 | $0.85 |
Dividend yield | 3.60% | 3.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Man Active High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.85 | $0.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Man Active High Yield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Man Active High Yield ETF was 1.58%, occurring on Mar 20, 2026. Recovery took 16 trading sessions.
The current Man Active High Yield ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.58%Mar 2026 | 1mo 8d | 25d | 2mo 3dFeb 2026 - Apr 2026 |
2025 pullback2025 | -1.01%Oct 2025 | 4d | 14d | 18dOct 2025 - Oct 2025 |
2026 pullback2026 | -0.60%May 2026 | 7d | 7d | 14dMay 2026 - May 2026 |
2025 pullback2025 | -0.58%Nov 2025 | 5d | 21d | 26dOct 2025 - Nov 2025 |
2025 pullback2025 | -0.32%Sep 2025 | 2d | 1d | 3dSep 2025 - Sep 2025 |
Drawdown Indicators
| MHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.58% | -56.78% | +55.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.97% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -10.72% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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