CGHY vs. MHY

Last updated Jun 23, 2026

CGHY (Capital Group High Yield Bond ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. A 0.64 correlation means they provide meaningful diversification when combined. CGHY charges 0.39%/yr vs 0.69%/yr for MHY.

Performance

CGHY vs. MHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group High Yield Bond ETF (CGHY) and Man Active High Yield ETF (MHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGHY achieves a 2.15% return, which is significantly lower than MHY's 4.13% return.

CGHY

• 1D: -0.08%
• 1M: 0.68%
• YTD: 2.15%
• 6M: 2.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHY

• 1D: 0.27%
• 1M: 1.76%
• YTD: 4.13%
• 6M: 4.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGHY vs. MHY - Yearly Performance Comparison

	2026 (YTD)	2025
CGHY Capital Group High Yield Bond ETF	2.15%	1.43%
MHY Man Active High Yield ETF	4.13%	1.54%

Correlation

The correlation between CGHY and MHY is 0.64, 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	0.64

Return for Risk

CGHY vs. MHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CGHY vs. MHY - Drawdown Comparison

The maximum CGHY drawdown since its inception was -2.38%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for CGHY and MHY.

Drawdown Indicators

	CGHY	MHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.38%	-1.58%	-0.80%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.29%	-0.02%

Volatility

Volatility by Period

	CGHY	MHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.00%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	3.00%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	3.00%	+0.33%

CGHY vs. MHY - Expense Ratio Comparison

CGHY has a 0.39% expense ratio, which is lower than MHY's 0.69% expense ratio.

Dividends

CGHY vs. MHY - Dividend Comparison

CGHY's dividend yield for the trailing twelve months is around 5.07%, more than MHY's 3.55% yield.

Position	TTM	2025
CGHY Capital Group High Yield Bond ETF	5.07%	3.09%
MHY Man Active High Yield ETF	3.55%	3.42%

Frequently Asked Questions

Can I hold both CGHY and MHY in my portfolio?

CGHY and MHY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGHY or MHY?

On fees, CGHY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGHY or MHY?

CGHY is cheaper with a 0.39% expense ratio, compared with 0.69% for MHY.

Which ETF pays a higher dividend yield, CGHY or MHY?

CGHY has the higher dividend yield at 5.07%, compared with 3.55% for MHY.

What is the main difference between CGHY and MHY?

They also come from different issuers: Capital Group and Man Group. Their fees differ too: 0.39% for CGHY and 0.69% for MHY.