HYSA vs. MHY
HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. Their 0.50 correlation means their historical movements had little consistent relationship. HYSA charges 0.55%/yr vs 0.69%/yr for MHY.
Performance
HYSA vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, HYSA achieves a 1.64% return, which is significantly lower than MHY's 6.41% return.
HYSA
- 1D
- 0.37%
- 1M
- -0.18%
- 6M
- 1.09%
- YTD
- 1.64%
- 1Y
- 3.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.92%
MHY
- 1D
- 0.23%
- 1M
- 1.57%
- 6M
- 4.99%
- YTD
- 6.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $394.63K | $835.56K | $981.20K | |
| $274.19K | $894.56K | $456.87K |
HYSA vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.64% | 1.25% |
MHY Man Active High Yield ETF | 6.41% | 1.54% |
Correlation
The correlation between HYSA and MHY is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.50 |
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Return for Risk
HYSA vs. MHY — Risk / Return Rank
HYSA
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYSA vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) 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.
| HYSA | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | — | — |
| Martin ratioReturn relative to average drawdown | 4.85 | — | — |
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Drawdowns
HYSA vs. MHY - Drawdown Comparison
The maximum HYSA drawdown since its inception was -4.90%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for HYSA and MHY.
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Drawdown Indicators
| HYSA | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.90% | -1.58% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | 0.00% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -0.26% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | — | — |
Volatility
HYSA vs. MHY - Volatility Comparison
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Volatility by Period
| HYSA | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 2.92% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 2.92% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 2.92% | +3.05% |
HYSA vs. MHY - Expense Ratio Comparison
HYSA has a 0.55% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
HYSA vs. MHY - Dividend Comparison
HYSA's dividend yield for the trailing twelve months is around 6.73%, more than MHY's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.73% | 6.70% | 6.99% | 2.65% |
MHY Man Active High Yield ETF | 5.19% | 3.42% | 0.00% | 0.00% |
Frequently Asked Questions
HYSA and MHY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSA is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSA is cheaper with a 0.55% expense ratio, compared with 0.69% for MHY.
HYSA has the higher dividend yield at 6.73%, compared with 5.19% for MHY.
They also come from different issuers: BondBloxx and Man Group. Their fees differ too: 0.55% for HYSA and 0.69% for MHY.
Find the right allocation for HYSA and MHY
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