MHY vs. GHYG
MHY (Man Active High Yield ETF) and GHYG (iShares US & Intl High Yield Corp Bond ETF) are both High Yield Bonds funds. MHY is actively managed, while GHYG is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. MHY charges 0.69%/yr vs 0.40%/yr for GHYG.
Performance
MHY vs. GHYG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MHY achieves a 4.43% return, which is significantly higher than GHYG's 0.29% return.
MHY
- 1D
- 0.12%
- 1M
- 1.66%
- YTD
- 4.43%
- 6M
- 4.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GHYG
- 1D
- 0.04%
- 1M
- -0.23%
- YTD
- 0.29%
- 6M
- 0.33%
- 1Y
- 3.71%
- 3Y*
- 8.59%
- 5Y*
- 3.29%
- 10Y*
- 4.88%
MHY vs. GHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MHY Man Active High Yield ETF | 4.43% | 1.54% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 0.29% | 1.12% |
Correlation
The correlation between MHY and GHYG is 0.68, 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 | 0.68 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MHY vs. GHYG — Risk / Return Rank
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GHYG
MHY vs. GHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and iShares US & Intl High Yield Corp Bond ETF (GHYG). 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.
| MHY | GHYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.97 | — |
| Martin ratioReturn relative to average drawdown | — | 3.54 | — |
Loading charts...
Drawdowns
MHY vs. GHYG - Drawdown Comparison
The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum GHYG drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for MHY and GHYG.
Loading charts...
Drawdown Indicators
| MHY | GHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.58% | -27.36% | +25.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.36% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.06% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -3.34% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.05% | — |
Volatility
MHY vs. GHYG - Volatility Comparison
Loading charts...
Volatility by Period
| MHY | GHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 4.67% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 7.63% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 8.73% | -5.74% |
MHY vs. GHYG - Expense Ratio Comparison
MHY has a 0.69% expense ratio, which is higher than GHYG's 0.40% expense ratio.
Dividends
MHY vs. GHYG - Dividend Comparison
MHY's dividend yield for the trailing twelve months is around 5.29%, less than GHYG's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 6.25% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
MHY Man Active High Yield ETF | 5.29% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MHY and GHYG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GHYG is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GHYG is cheaper with a 0.40% expense ratio, compared with 0.69% for MHY.
GHYG has the higher dividend yield at 6.25%, compared with 5.29% for MHY.
They also come from different issuers: Man Group and iShares. Their fees differ too: 0.69% for MHY and 0.40% for GHYG.
Find the right allocation for MHY and GHYG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer