MHY vs. HYSD

Last updated Jul 17, 2026

MHY (Man Active High Yield ETF) and HYSD (Columbia Short Duration High Yield ETF) are both High Yield Bonds funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. MHY charges 0.69%/yr vs 0.44%/yr for HYSD.

Performance

MHY vs. HYSD - Performance Comparison

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

Returns By Period

In the year-to-date period, MHY achieves a 5.53% return, which is significantly higher than HYSD's 2.33% return.

MHY

• 1D: 0.18%
• 1M: 1.72%
• 6M: 4.79%
• YTD: 5.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYSD

• 1D: -0.02%
• 1M: 0.27%
• 6M: 1.95%
• YTD: 2.33%
• 1Y: 5.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHY vs. HYSD - Yearly Performance Comparison

	2026 (YTD)	2025
MHY Man Active High Yield ETF	5.53%	1.54%
HYSD Columbia Short Duration High Yield ETF	2.33%	1.58%

Correlation

The correlation between MHY and HYSD is 0.69, 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	0.69

Return for Risk

MHY vs. HYSD — 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.

HYSD

HYSD Risk / Return Rank: 88
HYSD Sharpe Ratio Rank: 83
HYSD Sortino Ratio Rank: 90
HYSD Omega Ratio Rank: 89
HYSD Calmar Ratio Rank: 88
HYSD Martin Ratio Rank: 93

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. HYSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and Columbia Short Duration High Yield ETF (HYSD). 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	HYSD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.14	—
Sortino ratio: Return per unit of downside risk	—	3.36	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	4.11	—
Martin ratio: Return relative to average drawdown	—	18.25	—

Drawdowns

MHY vs. HYSD - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum HYSD drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for MHY and HYSD.

Drawdown Indicators

	MHY	HYSD	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-2.69%	+1.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.46%	—
Current Drawdown Current decline from peak	0.00%	-0.05%	+0.05%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.25%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.33%	—

Volatility

Volatility by Period

	MHY	HYSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.94%	2.79%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	3.45%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.94%	3.45%	-0.51%

MHY vs. HYSD - Expense Ratio Comparison

MHY has a 0.69% expense ratio, which is higher than HYSD's 0.44% expense ratio.

Dividends

MHY vs. HYSD - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 5.23%, less than HYSD's 5.82% yield.

Position	TTM	2025	2024
HYSD Columbia Short Duration High Yield ETF	5.82%	5.60%	1.82%
MHY Man Active High Yield ETF	5.23%	3.42%	0.00%

Frequently Asked Questions

Can I hold both MHY and HYSD in my portfolio?

MHY and HYSD have a correlation of 0.69, 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 HYSD?

On fees, HYSD is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHY or HYSD?

HYSD is cheaper with a 0.44% expense ratio, compared with 0.69% for MHY.

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

HYSD has the higher dividend yield at 5.82%, compared with 5.23% for MHY.

What is the main difference between MHY and HYSD?

They also come from different issuers: Man Group and Columbia. Their fees differ too: 0.69% for MHY and 0.44% for HYSD.