SCYB vs. MHY
SCYB (Schwab High Yield Bond ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. SCYB is passively managed, while MHY is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. SCYB charges 0.03%/yr vs 0.69%/yr for MHY.
Performance
SCYB vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, SCYB achieves a 1.84% return, which is significantly lower than MHY's 4.09% return.
SCYB
- 1D
- -0.08%
- 1M
- 0.42%
- YTD
- 1.84%
- 6M
- 1.96%
- 1Y
- 6.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- -0.04%
- 1M
- 1.72%
- YTD
- 4.09%
- 6M
- 4.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCYB vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCYB Schwab High Yield Bond ETF | 1.84% | 1.40% |
MHY Man Active High Yield ETF | 4.09% | 1.54% |
Correlation
The correlation between SCYB and MHY is 0.78, 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 | 0.78 |
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Return for Risk
SCYB vs. MHY — Risk / Return Rank
SCYB
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCYB vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) 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.
| SCYB | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | — | — |
| Martin ratioReturn relative to average drawdown | 11.63 | — | — |
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Drawdowns
SCYB vs. MHY - Drawdown Comparison
The maximum SCYB drawdown since its inception was -4.92%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for SCYB and MHY.
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Drawdown Indicators
| SCYB | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -1.58% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.04% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -0.29% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | — | — |
Volatility
SCYB vs. MHY - Volatility Comparison
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Volatility by Period
| SCYB | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 2.99% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 2.99% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 2.99% | +2.12% |
SCYB vs. MHY - Expense Ratio Comparison
SCYB has a 0.03% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
SCYB vs. MHY - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 6.92%, more than MHY's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MHY Man Active High Yield ETF | 3.55% | 3.42% | 0.00% | 0.00% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% |
Frequently Asked Questions
SCYB and MHY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCYB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.69% for MHY.
SCYB has the higher dividend yield at 6.92%, compared with 3.55% for MHY.
They also come from different issuers: Charles Schwab and Man Group. Their fees differ too: 0.03% for SCYB and 0.69% for MHY.
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