MHY vs. FSYD

Last updated Jun 6, 2026

MHY (Man Active High Yield ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. MHY charges 0.69%/yr vs 0.55%/yr for FSYD.

Performance

MHY vs. FSYD - Performance Comparison

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

Returns By Period

In the year-to-date period, MHY achieves a 2.83% return, which is significantly lower than FSYD's 3.01% return.

MHY

• 1D: 0.01%
• 1M: 0.39%
• YTD: 2.83%
• 6M: 3.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSYD

• 1D: -0.39%
• 1M: -0.19%
• YTD: 3.01%
• 6M: 3.39%
• 1Y: 9.69%
• 3Y*: 9.37%
• 5Y*: —
• 10Y*: —

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

MHY vs. FSYD - Yearly Performance Comparison

	2026 (YTD)	2025
MHY Man Active High Yield ETF	2.83%	1.74%
FSYD Fidelity Sustainable High Yield ETF	3.01%	1.07%

Correlation

The correlation between MHY and FSYD is 0.73, 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 19, 2025	0.73

Return for Risk

MHY vs. FSYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 76
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 82
FSYD Calmar Ratio Rank: 75
FSYD Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MHY vs. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and Fidelity Sustainable High Yield ETF (FSYD). 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.

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

Sharpe Ratios by Period

	MHY	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.76	+1.47

Drawdowns

MHY vs. FSYD - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for MHY and FSYD.

Drawdown Indicators

	MHY	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-12.11%	+10.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	-0.23%	-0.59%	+0.36%
Average Drawdown Average peak-to-trough decline	-0.31%	-2.40%	+2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	MHY	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	4.13%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.96%	7.85%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	7.85%	-4.89%

MHY vs. FSYD - Expense Ratio Comparison

MHY has a 0.69% expense ratio, which is higher than FSYD's 0.55% expense ratio.

Dividends

MHY vs. FSYD - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 3.60%, less than FSYD's 6.34% yield.

Position	TTM	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	6.34%	6.49%	6.47%	6.70%	5.29%
MHY Man Active High Yield ETF	3.60%	3.42%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MHY and FSYD in my portfolio?

MHY and FSYD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MHY or FSYD?

On fees, FSYD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHY or FSYD?

FSYD is cheaper with a 0.55% expense ratio, compared with 0.69% for MHY.

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

FSYD has the higher dividend yield at 6.34%, compared with 3.60% for MHY.

What is the main difference between MHY and FSYD?

They also come from different issuers: Man Group and Fidelity. Their fees differ too: 0.69% for MHY and 0.55% for FSYD.