MEMA vs. MHY

Last updated Jul 11, 2026

MEMA (Man Active Emerging Markets Alternative ETF) and MHY (Man Active High Yield ETF) are both exchange-traded funds - MEMA is a Emerging Markets Diversified fund actively managed by Man Group, while MHY is a High Yield Bonds fund actively managed by Man Group. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. MEMA charges 0.85%/yr vs 0.69%/yr for MHY.

Performance

MEMA vs. MHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Emerging Markets Alternative ETF (MEMA) and Man Active High Yield ETF (MHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEMA achieves a 19.64% return, which is significantly higher than MHY's 4.98% return.

MEMA

• 1D: 0.32%
• 1M: -2.41%
• 6M: 14.05%
• YTD: 19.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHY

• 1D: -0.00%
• 1M: 1.61%
• 6M: 4.37%
• YTD: 4.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEMA vs. MHY - Yearly Performance Comparison

	2026 (YTD)	2025
MEMA Man Active Emerging Markets Alternative ETF	19.64%	2.94%
MHY Man Active High Yield ETF	4.98%	0.29%

Correlation

The correlation between MEMA and MHY is 0.55, 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 Dec 17, 2025	0.55

Return for Risk

MEMA vs. MHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Emerging Markets Alternative ETF (MEMA) 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

MEMA vs. MHY - Drawdown Comparison

The maximum MEMA drawdown since its inception was -13.12%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for MEMA and MHY.

Drawdown Indicators

	MEMA	MHY	Difference
Max Drawdown Largest peak-to-trough decline	-13.12%	-1.58%	-11.54%
Current Drawdown Current decline from peak	-6.62%	-0.19%	-6.43%
Average Drawdown Average peak-to-trough decline	-3.18%	-0.28%	-2.90%

Volatility

Volatility by Period

	MEMA	MHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.42%	2.96%	+25.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.42%	2.96%	+25.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.42%	2.96%	+25.46%

MEMA vs. MHY - Expense Ratio Comparison

MEMA has a 0.85% expense ratio, which is higher than MHY's 0.69% expense ratio.

Dividends

MEMA vs. MHY - Dividend Comparison

MEMA's dividend yield for the trailing twelve months is around 0.29%, less than MHY's 5.26% yield.

Position	TTM	2025
MEMA Man Active Emerging Markets Alternative ETF	0.29%	0.00%
MHY Man Active High Yield ETF	5.26%	3.42%

Frequently Asked Questions

Can I hold both MEMA and MHY in my portfolio?

MEMA and MHY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEMA or MHY?

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.

Which ETF is cheaper, MEMA or MHY?

MHY is cheaper with a 0.69% expense ratio, compared with 0.85% for MEMA.

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

MHY has the higher dividend yield at 5.26%, compared with 0.29% for MEMA.

What is the main difference between MEMA and MHY?

MEMA is categorized as Emerging Markets Diversified, while MHY is High Yield Bonds. Their fees differ too: 0.85% for MEMA and 0.69% for MHY.