HYS vs. MHY
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. HYS is passively managed, while MHY is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. HYS charges 0.56%/yr vs 0.69%/yr for MHY.
Performance
HYS vs. MHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYS achieves a 1.56% return, which is significantly lower than MHY's 4.09% return.
HYS
- 1D
- 0.01%
- 1M
- 0.62%
- YTD
- 1.56%
- 6M
- 1.72%
- 1Y
- 6.52%
- 3Y*
- 8.76%
- 5Y*
- 5.02%
- 10Y*
- 5.38%
MHY
- 1D
- -0.04%
- 1M
- 1.72%
- YTD
- 4.09%
- 6M
- 4.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYS vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.56% | 1.65% |
MHY Man Active High Yield ETF | 4.09% | 1.54% |
Correlation
The correlation between HYS and MHY is 0.75, 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 | 0.75 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYS vs. MHY — Risk / Return Rank
HYS
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYS vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | — | — |
| Martin ratioReturn relative to average drawdown | 14.11 | — | — |
Loading charts...
Drawdowns
HYS vs. MHY - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for HYS and MHY.
Loading charts...
Drawdown Indicators
| HYS | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -1.58% | -19.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.04% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -0.29% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | — | — |
Volatility
HYS vs. MHY - Volatility Comparison
Loading charts...
Volatility by Period
| HYS | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 2.99% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 2.99% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 2.99% | +3.84% |
HYS vs. MHY - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
HYS vs. MHY - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.34%, more than MHY's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.34% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
MHY Man Active High Yield ETF | 3.55% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYS and MHY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYS is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYS is cheaper with a 0.56% expense ratio, compared with 0.69% for MHY.
HYS has the higher dividend yield at 7.34%, compared with 3.55% for MHY.
They also come from different issuers: PIMCO and Man Group. Their fees differ too: 0.56% for HYS and 0.69% for MHY.
Find the right allocation for HYS and MHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer