BRHY vs. MHY
BRHY (iShares High Yield Active ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. BRHY charges 0.45%/yr vs 0.69%/yr for MHY.
Performance
BRHY vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, BRHY achieves a 1.72% return, which is significantly lower than MHY's 2.29% return.
BRHY
- 1D
- -0.02%
- 1M
- 0.38%
- YTD
- 1.72%
- 6M
- 1.84%
- 1Y
- 6.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- -1.73%
- 1M
- -0.04%
- YTD
- 2.29%
- 6M
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRHY vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BRHY iShares High Yield Active ETF | 1.72% | 1.86% |
MHY Man Active High Yield ETF | 2.29% | 1.54% |
Correlation
The correlation between BRHY and MHY is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.71 |
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Return for Risk
BRHY vs. MHY — Risk / Return Rank
BRHY
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRHY vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Active ETF (BRHY) and Man Active High Yield ETF (MHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRHY | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | — | — |
| Martin ratioReturn relative to average drawdown | 11.43 | — | — |
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Drawdowns
BRHY vs. MHY - Drawdown Comparison
The maximum BRHY drawdown since its inception was -4.42%, which is greater than MHY's maximum drawdown of -1.77%. Use the drawdown chart below to compare losses from any high point for BRHY and MHY.
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Drawdown Indicators
| BRHY | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.42% | -1.77% | -2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.77% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -0.30% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | — | — |
Volatility
BRHY vs. MHY - Volatility Comparison
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Volatility by Period
| BRHY | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.60% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 3.60% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 3.60% | +0.41% |
BRHY vs. MHY - Expense Ratio Comparison
BRHY has a 0.45% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
BRHY vs. MHY - Dividend Comparison
BRHY's dividend yield for the trailing twelve months is around 7.85%, more than MHY's 3.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BRHY iShares High Yield Active ETF | 7.85% | 7.97% | 4.27% |
MHY Man Active High Yield ETF | 3.62% | 3.42% | 0.00% |
Frequently Asked Questions
BRHY and MHY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRHY is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRHY is cheaper with a 0.45% expense ratio, compared with 0.69% for MHY.
BRHY has the higher dividend yield at 7.85%, compared with 3.62% for MHY.
They also come from different issuers: iShares and Man Group. Their fees differ too: 0.45% for BRHY and 0.69% for MHY.
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