CGHY vs. MHY
CGHY (Capital Group High Yield Bond ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. A 0.62 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
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Returns By Period
In the year-to-date period, CGHY achieves a 2.14% return, which is significantly lower than MHY's 4.98% return.
CGHY
- 1D
- -0.20%
- 1M
- 0.09%
- 6M
- 1.82%
- YTD
- 2.14%
- 1Y
- 6.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- -0.00%
- 1M
- 1.61%
- 6M
- 4.37%
- YTD
- 4.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGHY vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGHY Capital Group High Yield Bond ETF | 2.14% | 1.43% |
MHY Man Active High Yield ETF | 4.98% | 1.54% |
Correlation
The correlation between CGHY and MHY is 0.62, 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 | 0.62 |
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Return for Risk
CGHY vs. MHY — Risk / Return Rank
CGHY
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
| CGHY | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | — | — |
| Martin ratioReturn relative to average drawdown | 11.76 | — | — |
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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.
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Drawdown Indicators
| CGHY | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.38% | -1.58% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.19% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.28% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
CGHY vs. MHY - Volatility Comparison
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Volatility by Period
| CGHY | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 2.96% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 2.96% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 2.96% | +0.32% |
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 5.46%, more than MHY's 5.26% yield.
| Position | TTM | 2025 |
|---|---|---|
CGHY Capital Group High Yield Bond ETF | 5.46% | 3.09% |
MHY Man Active High Yield ETF | 5.26% | 3.42% |
Frequently Asked Questions
CGHY and MHY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CGHY is cheaper with a 0.39% expense ratio, compared with 0.69% for MHY.
CGHY has the higher dividend yield at 5.46%, compared with 5.26% for 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.
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