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. At a 0.49 correlation, their price movements are largely independent. 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 1.57% return, which is significantly lower than MHY's 4.31% return.
HYSA
- 1D
- 0.03%
- 1M
- 0.53%
- YTD
- 1.57%
- 6M
- 1.70%
- 1Y
- 5.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- 0.28%
- 1M
- 1.65%
- YTD
- 4.31%
- 6M
- 4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYSA vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.57% | 1.25% |
MHY Man Active High Yield ETF | 4.31% | 1.54% |
Correlation
The correlation between HYSA and MHY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.49 |
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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 | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | — | — |
| Martin ratioReturn relative to average drawdown | 7.41 | — | — |
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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 | -0.30% | 0.00% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -0.29% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | — | — |
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 | 1.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 2.99% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 2.99% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 2.99% | +3.04% |
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 6.74%, more than MHY's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.74% | 6.70% | 6.99% | 2.65% |
MHY Man Active High Yield ETF | 5.29% | 3.42% | 0.00% | 0.00% |
Frequently Asked Questions
HYSA and MHY have a correlation of 0.49, 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 6.74%, compared with 5.29% 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.
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