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 99 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% | 2.68B | Jul 2023 | MHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.41B | Jun 2012 | MHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.71B | Sep 2025 | MHY vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.80B | Oct 2017 | MHY vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.54B | Dec 2016 | MHY vs HYLB |
Best Risk-Adjusted Alternatives to MHY
Among 91 ETFs in the High Yield Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 907.20M | Aug 2018 | MHY vs BSJQ | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 90 | 255.19M | Dec 2013 | MHY vs HYZD | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.06M | Nov 2024 | MHY vs LDRH | |
| iShares iBonds 2027 Term High Yield and Income ETF | 90 | 499.12M | Jul 2021 | MHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 89 | 852.94M | Sep 2019 | MHY vs BSJR |
Top Performing MHY Alternatives (YTD)
MHY is at 5.53% YTD. There is 1 ETF in the High Yield Bonds category with a higher YTD return, going as high as 7.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 7.44% | — | Aug 2025 | MHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.23% | 522.28M | May 2012 | MHY vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.17% | 179.11M | May 2013 | MHY vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.69% | 566.14M | May 2014 | MHY vs HYGH | |
| Fidelity Sustainable High Yield ETF | 3.47% | 136.92M | Feb 2022 | MHY vs FSYD |
Lowest Volatility Alternatives to MHY
MHY has 2.94% 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 | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.33% | 907.20M | Aug 2018 | MHY vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.47% | 637.48M | Feb 2015 | MHY vs FLRT | |
| State Street My2027 High Yield Corporate Bond ETF | 1.81% | 4.98M | Feb 2026 | MHY vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.94% | 852.94M | Sep 2019 | MHY vs BSJR |
Lowest Drawdown Alternatives to MHY
Among 91 ETFs in the High Yield Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 907.20M | Aug 2018 | MHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 499.12M | Jul 2021 | MHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 852.94M | Sep 2019 | MHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 450.96M | Mar 2022 | MHY vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 22.06M | Nov 2024 | MHY vs LDRH |
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 $20M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Man Active Trend Enhanced ETF | Tactical Allocation | — | 16.06% | — | Dec 2025 | MHY vs MATE | |
| Man Active Income ETF | Multisector Bonds | — | 4.80% | 20.24M | Sep 2025 | MHY vs MANI | |
| Man Active Emerging Markets Alternative ETF | Emerging Markets Diversified | — | 15.22% | — | Dec 2025 | MHY vs MEMA |
Often Compared With MHY
Investors most often compare MHY with BBHY, FDHY, HYBX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
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