JHHY vs. MHY
JHHY (John Hancock High Yield ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. JHHY charges 0.52%/yr vs 0.69%/yr for MHY.
Performance
JHHY vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, JHHY achieves a 1.78% return, which is significantly lower than MHY's 4.09% return.
JHHY
- 1D
- 0.04%
- 1M
- 0.70%
- YTD
- 1.78%
- 6M
- 2.03%
- 1Y
- 6.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- -0.04%
- 1M
- 1.72%
- YTD
- 4.09%
- 6M
- 4.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHHY vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHHY John Hancock High Yield ETF | 1.78% | 1.56% |
MHY Man Active High Yield ETF | 4.09% | 1.54% |
Correlation
The correlation between JHHY 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 |
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Return for Risk
JHHY vs. MHY — Risk / Return Rank
JHHY
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHHY vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield ETF (JHHY) 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.
| JHHY | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | — | — |
| Martin ratioReturn relative to average drawdown | 11.98 | — | — |
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Drawdowns
JHHY vs. MHY - Drawdown Comparison
The maximum JHHY drawdown since its inception was -4.95%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for JHHY and MHY.
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Drawdown Indicators
| JHHY | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.95% | -1.58% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.04% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -0.29% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | — | — |
Volatility
JHHY vs. MHY - Volatility Comparison
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Volatility by Period
| JHHY | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 2.99% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 2.99% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 2.99% | +1.83% |
JHHY vs. MHY - Expense Ratio Comparison
JHHY has a 0.52% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
JHHY vs. MHY - Dividend Comparison
JHHY's dividend yield for the trailing twelve months is around 6.95%, more than MHY's 3.55% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JHHY John Hancock High Yield ETF | 6.95% | 7.21% | 5.82% |
MHY Man Active High Yield ETF | 3.55% | 3.42% | 0.00% |
Frequently Asked Questions
JHHY 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, JHHY is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHHY is cheaper with a 0.52% expense ratio, compared with 0.69% for MHY.
JHHY has the higher dividend yield at 6.95%, compared with 3.55% for MHY.
They also come from different issuers: John Hancock and Man Group. Their fees differ too: 0.52% for JHHY and 0.69% for MHY.
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