PCHI vs. MHY
PCHI (Polen High Income ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. PCHI charges 0.56%/yr vs 0.69%/yr for MHY.
Performance
PCHI vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, PCHI achieves a 1.09% return, which is significantly lower than MHY's 4.13% return.
PCHI
- 1D
- -0.74%
- 1M
- -0.14%
- YTD
- 1.09%
- 6M
- 1.63%
- 1Y
- 4.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- 0.27%
- 1M
- 1.76%
- YTD
- 4.13%
- 6M
- 4.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCHI vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCHI Polen High Income ETF | 1.09% | 0.72% |
MHY Man Active High Yield ETF | 4.13% | 1.54% |
Correlation
The correlation between PCHI and MHY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.39 |
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Return for Risk
PCHI vs. MHY — Risk / Return Rank
PCHI
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PCHI vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen High Income ETF (PCHI) and Man Active High Yield ETF (MHY). 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.
| PCHI | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | — | — |
| Martin ratioReturn relative to average drawdown | 4.62 | — | — |
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Drawdowns
PCHI vs. MHY - Drawdown Comparison
The maximum PCHI drawdown since its inception was -2.99%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for PCHI and MHY.
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Drawdown Indicators
| PCHI | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.99% | -1.58% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -0.29% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | — | — |
Volatility
PCHI vs. MHY - Volatility Comparison
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Volatility by Period
| PCHI | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 3.00% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 3.00% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 3.00% | +2.36% |
PCHI vs. MHY - Expense Ratio Comparison
PCHI has a 0.56% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
PCHI vs. MHY - Dividend Comparison
PCHI's dividend yield for the trailing twelve months is around 8.01%, more than MHY's 3.55% yield.
| Position | TTM | 2025 |
|---|---|---|
MHY Man Active High Yield ETF | 3.55% | 3.42% |
PCHI Polen High Income ETF | 8.01% | 5.62% |
Frequently Asked Questions
PCHI and MHY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PCHI is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PCHI is cheaper with a 0.56% expense ratio, compared with 0.69% for MHY.
PCHI has the higher dividend yield at 8.01%, compared with 3.55% for MHY.
They also come from different issuers: Polen Capital and Man Group. Their fees differ too: 0.56% for PCHI and 0.69% for MHY.
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