MHY vs. MYHE

Last updated Jun 27, 2026

MHY (Man Active High Yield ETF) and MYHE (State Street My2031 High Yield Corporate Bond ETF) are both High Yield Bonds funds. MHY is actively managed, while MYHE is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. MHY charges 0.69%/yr vs 0.39%/yr for MYHE.

Performance

MHY vs. MYHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active High Yield ETF (MHY) and State Street My2031 High Yield Corporate Bond ETF (MYHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MHY

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

MYHE

• 1D: -0.04%
• 1M: 0.48%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHY vs. MYHE - Yearly Performance Comparison

	2026 (YTD)
MHY Man Active High Yield ETF	3.39%
MYHE State Street My2031 High Yield Corporate Bond ETF	1.67%

Correlation

The correlation between MHY and MYHE 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 Feb 26, 2026	0.69

Return for Risk

MHY vs. MYHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and State Street My2031 High Yield Corporate Bond ETF (MYHE). 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.

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

Drawdowns

MHY vs. MYHE - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum MYHE drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for MHY and MYHE.

Drawdown Indicators

	MHY	MYHE	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-2.28%	+0.70%
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.52%	+0.23%

Volatility

Volatility by Period

	MHY	MYHE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	5.16%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.99%	5.16%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.99%	5.16%	-2.17%

MHY vs. MYHE - Expense Ratio Comparison

MHY has a 0.69% expense ratio, which is higher than MYHE's 0.39% expense ratio.

Dividends

MHY vs. MYHE - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 5.29%, more than MYHE's 1.80% yield.

Position	TTM	2025
MHY Man Active High Yield ETF	5.29%	3.42%
MYHE State Street My2031 High Yield Corporate Bond ETF	1.80%	0.00%

Frequently Asked Questions

Can I hold both MHY and MYHE in my portfolio?

MHY and MYHE 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 MYHE?

On fees, MYHE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHY or MYHE?

MYHE is cheaper with a 0.39% expense ratio, compared with 0.69% for MHY.

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

MHY has the higher dividend yield at 5.29%, compared with 1.80% for MYHE.

What is the main difference between MHY and MYHE?

They also come from different issuers: Man Group and State Street. Their fees differ too: 0.69% for MHY and 0.39% for MYHE.