MHY vs. IBHD

Last updated Jun 6, 2026

MHY (Man Active High Yield ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds. MHY is actively managed, while IBHD is passively managed. MHY charges 0.69%/yr vs 0.35%/yr for IBHD.

Performance

MHY vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active High Yield ETF (MHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MHY

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

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHY vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
MHY Man Active High Yield ETF	1.40%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

MHY vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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	IBHD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	—	—

Drawdowns

MHY vs. IBHD - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MHY and IBHD.

Drawdown Indicators

	MHY	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	0.00%	-1.58%
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.31%	0.00%	-0.31%

Volatility

Volatility by Period

	MHY	IBHD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	0.00%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.96%	0.00%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	0.00%	+2.96%

MHY vs. IBHD - Expense Ratio Comparison

MHY has a 0.69% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

MHY vs. IBHD - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 3.60%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%
MHY Man Active High Yield ETF	3.60%	3.42%

Frequently Asked Questions

Which ETF is better, MHY or IBHD?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHY or IBHD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.69% for MHY.

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

MHY has the higher dividend yield at 3.60%, compared with 0.00% for IBHD.

What is the main difference between MHY and IBHD?

They also come from different issuers: Man Group and iShares. Their fees differ too: 0.69% for MHY and 0.35% for IBHD.