MHY vs. HYSA

Last updated Jun 27, 2026

MHY (Man Active High Yield ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. MHY charges 0.69%/yr vs 0.55%/yr for HYSA.

Performance

MHY vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active High Yield ETF (MHY) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MHY achieves a 4.43% return, which is significantly higher than HYSA's 1.54% return.

MHY

• 1D: 0.12%
• 1M: 1.66%
• YTD: 4.43%
• 6M: 4.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYSA

• 1D: -0.03%
• 1M: 0.60%
• YTD: 1.54%
• 6M: 1.57%
• 1Y: 5.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHY vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025
MHY Man Active High Yield ETF	4.43%	1.54%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.54%	1.25%

Correlation

The correlation between MHY and HYSA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.48

Return for Risk

MHY vs. HYSA — Risk / Return Rank

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

MHY

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

HYSA

HYSA Risk / Return Rank: 37
HYSA Sharpe Ratio Rank: 34
HYSA Sortino Ratio Rank: 34
HYSA Omega Ratio Rank: 32
HYSA Calmar Ratio Rank: 37
HYSA Martin Ratio Rank: 46

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. HYSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). 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	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.15	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.72	—
Martin ratio: Return relative to average drawdown	—	6.88	—

Drawdowns

MHY vs. HYSA - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum HYSA drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for MHY and HYSA.

Drawdown Indicators

	MHY	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-4.90%	+3.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.15%	—
Current Drawdown Current decline from peak	0.00%	-0.33%	+0.33%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.67%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.78%	—

Volatility

Volatility by Period

	MHY	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	4.70%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.99%	6.03%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.99%	6.03%	-3.04%

MHY vs. HYSA - Expense Ratio Comparison

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

Dividends

MHY vs. HYSA - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 5.29%, less than HYSA's 6.74% yield.

Position	TTM	2025	2024	2023
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.74%	6.70%	6.99%	2.65%
MHY Man Active High Yield ETF	5.29%	3.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MHY and HYSA in my portfolio?

MHY and HYSA have a correlation of 0.48, 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 HYSA?

On fees, HYSA 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 HYSA?

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

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

HYSA has the higher dividend yield at 6.74%, compared with 5.29% for MHY.

What is the main difference between MHY and HYSA?

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