MHY vs. NHYB

Last updated Jun 6, 2026

MHY (Man Active High Yield ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. MHY is actively managed, while NHYB is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. MHY charges 0.69%/yr vs 0.08%/yr for NHYB.

Performance

MHY vs. NHYB - Performance Comparison

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

Returns By Period

In the year-to-date period, MHY achieves a 2.83% return, which is significantly higher than NHYB's 1.46% return.

MHY

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

NHYB

• 1D: -0.28%
• 1M: 0.15%
• YTD: 1.46%
• 6M: 1.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHY vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
MHY Man Active High Yield ETF	2.83%	1.54%
NHYB Nuveen High Yield Corporate Bond ETF	1.46%	1.30%

Correlation

The correlation between MHY and NHYB is 0.74, 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 25, 2025	0.74

Return for Risk

MHY vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) and Nuveen High Yield Corporate Bond ETF (NHYB). 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	NHYB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	1.10	+1.12

Drawdowns

MHY vs. NHYB - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for MHY and NHYB.

Drawdown Indicators

	MHY	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-2.40%	+0.82%
Current Drawdown Current decline from peak	-0.23%	-0.44%	+0.21%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.37%	+0.06%

Volatility

Volatility by Period

	MHY	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	3.67%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.96%	3.67%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	3.67%	-0.71%

MHY vs. NHYB - Expense Ratio Comparison

MHY has a 0.69% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

MHY vs. NHYB - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 3.60%, less than NHYB's 4.26% yield.

Position	TTM	2025
MHY Man Active High Yield ETF	3.60%	3.42%
NHYB Nuveen High Yield Corporate Bond ETF	4.26%	1.28%

Frequently Asked Questions

Can I hold both MHY and NHYB in my portfolio?

MHY and NHYB have a correlation of 0.74, 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 NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHY or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.69% for MHY.

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

NHYB has the higher dividend yield at 4.26%, compared with 3.60% for MHY.

What is the main difference between MHY and NHYB?

They also come from different issuers: Man Group and Nuveen. Their fees differ too: 0.69% for MHY and 0.08% for NHYB.