RIGS vs. MHY
RIGS (RiverFront Strategic Income Fund) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. RIGS charges 0.48%/yr vs 0.69%/yr for MHY.
Performance
RIGS vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, RIGS achieves a 0.97% return, which is significantly lower than MHY's 4.09% return.
RIGS
- 1D
- 0.01%
- 1M
- 0.20%
- YTD
- 0.97%
- 6M
- 1.05%
- 1Y
- 3.71%
- 3Y*
- 4.72%
- 5Y*
- 2.06%
- 10Y*
- 3.22%
MHY
- 1D
- -0.04%
- 1M
- 1.72%
- YTD
- 4.09%
- 6M
- 4.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RIGS vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIGS RiverFront Strategic Income Fund | 0.97% | 0.13% |
MHY Man Active High Yield ETF | 4.09% | 1.54% |
Correlation
The correlation between RIGS and MHY is 0.27, 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 | 0.27 |
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Return for Risk
RIGS vs. MHY — Risk / Return Rank
RIGS
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RIGS vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Strategic Income Fund (RIGS) 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.
| RIGS | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | — | — |
| Martin ratioReturn relative to average drawdown | 1.91 | — | — |
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Drawdowns
RIGS vs. MHY - Drawdown Comparison
The maximum RIGS drawdown since its inception was -15.31%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for RIGS and MHY.
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Drawdown Indicators
| RIGS | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -1.58% | -13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.31% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -0.04% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -0.29% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | — | — |
Volatility
RIGS vs. MHY - Volatility Comparison
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Volatility by Period
| RIGS | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.92% | 2.99% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.67% | 2.99% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 2.99% | +4.82% |
RIGS vs. MHY - Expense Ratio Comparison
RIGS has a 0.48% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
RIGS vs. MHY - Dividend Comparison
RIGS's dividend yield for the trailing twelve months is around 4.85%, more than MHY's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHY Man Active High Yield ETF | 3.55% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RIGS RiverFront Strategic Income Fund | 4.85% | 4.84% | 4.49% | 3.48% | 2.71% | 2.47% | 3.77% | 3.87% | 4.54% | 4.45% | 4.46% | 3.61% |
Frequently Asked Questions
RIGS and MHY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RIGS is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RIGS is cheaper with a 0.48% expense ratio, compared with 0.69% for MHY.
RIGS has the higher dividend yield at 4.85%, compared with 3.55% for MHY.
They also come from different issuers: SS&C and Man Group. Their fees differ too: 0.48% for RIGS and 0.69% for MHY.
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