IBHD vs. MHY

Last updated Jun 23, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. IBHD is passively managed, while MHY is actively managed. IBHD charges 0.35%/yr vs 0.69%/yr for MHY.

Performance

IBHD vs. MHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Man Active High Yield ETF (MHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHY

• 1D: 0.27%
• 1M: 1.76%
• YTD: 4.13%
• 6M: 4.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHD vs. MHY - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
MHY Man Active High Yield ETF	3.05%

Return for Risk

IBHD vs. MHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IBHD vs. MHY - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum MHY drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for IBHD and MHY.

Drawdown Indicators

	IBHD	MHY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-1.58%	+1.58%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-0.29%	+0.29%

Volatility

Volatility by Period

	IBHD	MHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.00%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.00%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.00%	-3.00%

IBHD vs. MHY - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than MHY's 0.69% expense ratio.

Dividends

IBHD vs. MHY - Dividend Comparison

IBHD has not paid dividends to shareholders, while MHY's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%
MHY Man Active High Yield ETF	3.55%	3.42%

Frequently Asked Questions

Which ETF is better, IBHD or MHY?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or MHY?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.69% for MHY.

Which ETF pays a higher dividend yield, IBHD or MHY?

MHY has the higher dividend yield at 3.55%, compared with 0.00% for IBHD.

What is the main difference between IBHD and MHY?

They also come from different issuers: iShares and Man Group. Their fees differ too: 0.35% for IBHD and 0.69% for MHY.