HYTR vs. MHY
HYTR (CP High Yield Trend ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. HYTR is passively managed, while MHY is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. HYTR charges 0.97%/yr vs 0.69%/yr for MHY.
Performance
HYTR vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, HYTR achieves a 0.59% return, which is significantly lower than MHY's 3.85% return.
HYTR
- 1D
- 0.27%
- 1M
- 0.66%
- YTD
- 0.59%
- 6M
- 0.96%
- 1Y
- 4.99%
- 3Y*
- 6.36%
- 5Y*
- 2.10%
- 10Y*
- —
MHY
- 1D
- 0.31%
- 1M
- 1.46%
- YTD
- 3.85%
- 6M
- 4.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYTR vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYTR CP High Yield Trend ETF | 0.59% | 1.30% |
MHY Man Active High Yield ETF | 3.85% | 1.54% |
Correlation
The correlation between HYTR and MHY is 0.79, 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 | 0.79 |
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Return for Risk
HYTR vs. MHY — Risk / Return Rank
HYTR
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYTR vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.
| HYTR | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 7.62 | — | — |
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Drawdowns
HYTR vs. MHY - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.25%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for HYTR and MHY.
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Drawdown Indicators
| HYTR | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -1.58% | -11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.25% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.29% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | — | — |
Volatility
HYTR vs. MHY - Volatility Comparison
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Volatility by Period
| HYTR | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 2.99% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 2.99% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 2.99% | +2.86% |
HYTR vs. MHY - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than MHY's 0.69% expense ratio.
Dividends
HYTR vs. MHY - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.73%, more than MHY's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 5.73% | 5.78% | 5.55% | 5.43% | 1.24% | 3.70% | 3.05% |
MHY Man Active High Yield ETF | 3.56% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYTR and MHY have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MHY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MHY is cheaper with a 0.69% expense ratio, compared with 0.97% for HYTR.
HYTR has the higher dividend yield at 5.73%, compared with 3.56% for MHY.
They also come from different issuers: Counterpoint Mutual Funds LLC and Man Group. Their fees differ too: 0.97% for HYTR and 0.69% for MHY.
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