SIHY vs. MHY

Last updated Jun 26, 2026

SIHY (Harbor Scientific Alpha High-Yield ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. SIHY is passively managed, while MHY is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. SIHY charges 0.48%/yr vs 0.69%/yr for MHY.

Performance

SIHY vs. MHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Scientific Alpha High-Yield ETF (SIHY) and Man Active High Yield ETF (MHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIHY achieves a 2.37% return, which is significantly lower than MHY's 4.31% return.

SIHY

• 1D: 0.07%
• 1M: 0.88%
• YTD: 2.37%
• 6M: 2.46%
• 1Y: 7.25%
• 3Y*: 9.70%
• 5Y*: —
• 10Y*: —

MHY

• 1D: 0.28%
• 1M: 1.65%
• YTD: 4.31%
• 6M: 4.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIHY vs. MHY - Yearly Performance Comparison

	2026 (YTD)	2025
SIHY Harbor Scientific Alpha High-Yield ETF	2.37%	1.70%
MHY Man Active High Yield ETF	4.31%	1.54%

Correlation

The correlation between SIHY and MHY is 0.71, 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	0.71

Return for Risk

SIHY vs. MHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIHY

SIHY Risk / Return Rank: 60
SIHY Sharpe Ratio Rank: 58
SIHY Sortino Ratio Rank: 67
SIHY Omega Ratio Rank: 62
SIHY Calmar Ratio Rank: 53
SIHY Martin Ratio Rank: 61

MHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIHY vs. MHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) 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.

	SIHY	MHY	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.69	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	9.48	—	—

Drawdowns

SIHY vs. MHY - Drawdown Comparison

The maximum SIHY drawdown since its inception was -13.30%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for SIHY and MHY.

Drawdown Indicators

	SIHY	MHY	Difference
Max Drawdown Largest peak-to-trough decline	-13.30%	-1.58%	-11.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.36%	—	—
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-2.74%	-0.29%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	—	—

Volatility

Volatility by Period

	SIHY	MHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.21%	2.99%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.54%	2.99%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.54%	2.99%	+4.55%

SIHY vs. MHY - Expense Ratio Comparison

SIHY has a 0.48% expense ratio, which is lower than MHY's 0.69% expense ratio.

Dividends

SIHY vs. MHY - Dividend Comparison

SIHY's dividend yield for the trailing twelve months is around 7.22%, more than MHY's 5.29% yield.

Position	TTM	2025	2024	2023	2022	2021
MHY Man Active High Yield ETF	5.29%	3.42%	0.00%	0.00%	0.00%	0.00%
SIHY Harbor Scientific Alpha High-Yield ETF	7.22%	7.61%	7.54%	7.06%	6.31%	1.30%

Frequently Asked Questions

Can I hold both SIHY and MHY in my portfolio?

SIHY and MHY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIHY or MHY?

On fees, SIHY is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIHY or MHY?

SIHY is cheaper with a 0.48% expense ratio, compared with 0.69% for MHY.

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

SIHY has the higher dividend yield at 7.22%, compared with 5.29% for MHY.

What is the main difference between SIHY and MHY?

They also come from different issuers: Harbor and Man Group. Their fees differ too: 0.48% for SIHY and 0.69% for MHY.