QHY vs. MHY
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. QHY is passively managed, while MHY is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. QHY charges 0.38%/yr vs 0.69%/yr for MHY.
Performance
QHY vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, QHY achieves a 1.85% return, which is significantly lower than MHY's 3.75% return.
QHY
- 1D
- -0.01%
- 1M
- 1.43%
- YTD
- 1.85%
- 6M
- 2.20%
- 1Y
- 7.16%
- 3Y*
- 8.04%
- 5Y*
- 3.24%
- 10Y*
- 5.03%
MHY
- 1D
- -0.01%
- 1M
- 1.69%
- YTD
- 3.75%
- 6M
- 4.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QHY vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.85% | 1.61% |
MHY Man Active High Yield ETF | 3.75% | 1.54% |
Correlation
The correlation between QHY and MHY is 0.72, 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 18, 2025 | 0.72 |
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Return for Risk
QHY vs. MHY — Risk / Return Rank
QHY
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QHY vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.
| QHY | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | — | — |
| Martin ratioReturn relative to average drawdown | 11.79 | — | — |
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Drawdowns
QHY vs. MHY - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for QHY and MHY.
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Drawdown Indicators
| QHY | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -1.58% | -21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.01% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -0.30% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | — | — |
Volatility
QHY vs. MHY - Volatility Comparison
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Volatility by Period
| QHY | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 2.98% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 2.98% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.19% | 2.98% | +5.21% |
QHY vs. MHY - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
QHY vs. MHY - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.23%, more than MHY's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MHY Man Active High Yield ETF | 3.56% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.23% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% |
Frequently Asked Questions
QHY and MHY have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QHY is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QHY is cheaper with a 0.38% expense ratio, compared with 0.69% for MHY.
QHY has the higher dividend yield at 6.23%, compared with 3.56% for MHY.
They also come from different issuers: WisdomTree and Man Group. Their fees differ too: 0.38% for QHY and 0.69% for MHY.
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