Man Active High Yield ETF (MHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MHY
MHY charges 0.69% annually. There are 102 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.54B | Jul 2023 | MHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.07B | Jun 2012 | MHY vs SPHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | MHY vs HYLB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | MHY vs USHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | MHY vs BBHY |
Best Risk-Adjusted Alternatives to MHY
Among 94 ETFs in the High Yield Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 98 | 364.90M | May 2019 | MHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 1.03B | Aug 2018 | MHY vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 95 | 5.96M | Feb 2022 | MHY vs XHYE | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 87 | 8.41M | Nov 2024 | MHY vs LDRH | |
| Pacific Global Senior Loan ETF | 85 | 615.17M | Feb 2015 | MHY vs FLRT |
Top Performing MHY Alternatives (YTD)
MHY is at 2.83% YTD. There are 5 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 10.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 10.95% | — | Aug 2025 | MHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 3.66% | 510.68M | May 2012 | MHY vs HYEM | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | MHY vs XHYE | |
| ProShares High Yield-Interest Rate Hedged | 3.06% | 173.54M | May 2013 | MHY vs HYHG | |
| Fidelity Sustainable High Yield ETF | 3.01% | 112.95M | Feb 2022 | MHY vs FSYD |
Lowest Volatility Alternatives to MHY
MHY has 2.96% 1-year volatility. There are 20 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | MHY vs ESHY | |
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | MHY vs IBHD | |
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | MHY vs BSJO | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | MHY vs HYXU | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.74% | 364.90M | May 2019 | MHY vs IBHE |
Lowest Drawdown Alternatives to MHY
Among 94 ETFs in the High Yield Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.11%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.11% | 364.90M | May 2019 | MHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | MHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | MHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | MHY vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | MHY vs XHYE |
Other ETFs from Man Group
The 3 most viewed Man Group ETFs shown here include MATE, MANI, MEMA and span 3 categories. AUM among these funds goes as high as $22M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Man Active Trend Enhanced ETF | Tactical Allocation | — | 14.79% | — | Dec 2025 | MHY vs MATE | |
| Man Active Income ETF | Multisector Bonds | — | 3.71% | 21.67M | Sep 2025 | MHY vs MANI | |
| Man Active Emerging Markets Alternative ETF | Emerging Markets Diversified | — | 17.22% | — | Dec 2025 | MHY vs MEMA |
Compare MHY with Any Fund or Stock
Compare MHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MHY with funds that move differently
Man Active High Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MHY.
Explore MHY Diversifiers