MHY vs. IBHG
MHY (Man Active High Yield ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds. MHY is actively managed, while IBHG is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. MHY charges 0.69%/yr vs 0.35%/yr for IBHG.
Performance
MHY vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, MHY achieves a 2.83% return, which is significantly higher than IBHG's 0.97% return.
MHY
- 1D
- 0.01%
- 1M
- 0.39%
- YTD
- 2.83%
- 6M
- 3.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG
- 1D
- -0.14%
- 1M
- 0.12%
- YTD
- 0.97%
- 6M
- 1.43%
- 1Y
- 4.75%
- 3Y*
- 7.43%
- 5Y*
- —
- 10Y*
- —
MHY vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MHY Man Active High Yield ETF | 2.83% | 1.74% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.97% | 1.26% |
Correlation
The correlation between MHY and IBHG is 0.58, 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 | 0.58 |
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Return for Risk
MHY vs. IBHG — Risk / Return Rank
MHY
IBHG
MHY vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.
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Sharpe Ratios by Period
| MHY | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 0.56 | +1.66 |
Drawdowns
MHY vs. IBHG - Drawdown Comparison
The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for MHY and IBHG.
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Drawdown Indicators
| MHY | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.58% | -13.85% | +12.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.73% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.22% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -2.67% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.20% | — |
Volatility
MHY vs. IBHG - Volatility Comparison
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Volatility by Period
| MHY | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 2.12% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 6.36% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 6.36% | -3.40% |
MHY vs. IBHG - Expense Ratio Comparison
MHY has a 0.69% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
MHY vs. IBHG - Dividend Comparison
MHY's dividend yield for the trailing twelve months is around 3.60%, less than IBHG's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
MHY Man Active High Yield ETF | 3.60% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MHY and IBHG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBHG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBHG is cheaper with a 0.35% expense ratio, compared with 0.69% for MHY.
IBHG has the higher dividend yield at 6.08%, compared with 3.60% for MHY.
They also come from different issuers: Man Group and iShares. Their fees differ too: 0.69% for MHY and 0.35% for IBHG.
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