THYF vs. MHY
THYF (T. Rowe Price U.S. High Yield ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. THYF charges 0.56%/yr vs 0.69%/yr for MHY.
Performance
THYF vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, THYF achieves a 1.74% return, which is significantly lower than MHY's 5.89% return.
THYF
- 1D
- -0.19%
- 1M
- -0.46%
- 6M
- 1.18%
- YTD
- 1.74%
- 1Y
- 5.14%
- 3Y*
- 7.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.24%
MHY
- 1D
- 0.17%
- 1M
- 1.08%
- 6M
- 4.61%
- YTD
- 5.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $556.61K | $942.75K | $448.26K | |
| $928.42K | $859.02K | $1.06M |
THYF vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
THYF T. Rowe Price U.S. High Yield ETF | 1.74% | 1.40% |
MHY Man Active High Yield ETF | 5.89% | 1.54% |
Correlation
The correlation between THYF and MHY is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.68 |
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Return for Risk
THYF vs. MHY — Risk / Return Rank
THYF
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
THYF vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. High Yield ETF (THYF) 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.
| THYF | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | — | — |
| Martin ratioReturn relative to average drawdown | 8.18 | — | — |
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Drawdowns
THYF vs. MHY - Drawdown Comparison
The maximum THYF drawdown since its inception was -5.24%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for THYF and MHY.
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Drawdown Indicators
| THYF | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -1.58% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.07% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | 0.00% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -0.26% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | — | — |
Volatility
THYF vs. MHY - Volatility Comparison
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Volatility by Period
| THYF | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 2.91% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 2.91% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 2.91% | +2.82% |
THYF vs. MHY - Expense Ratio Comparison
THYF has a 0.56% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
THYF vs. MHY - Dividend Comparison
THYF's dividend yield for the trailing twelve months is around 6.95%, more than MHY's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MHY Man Active High Yield ETF | 5.21% | 3.42% | 0.00% | 0.00% | 0.00% |
THYF T. Rowe Price U.S. High Yield ETF | 6.95% | 7.17% | 7.30% | 8.02% | 1.50% |
Frequently Asked Questions
THYF and MHY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, THYF is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THYF is cheaper with a 0.56% expense ratio, compared with 0.69% for MHY.
THYF has the higher dividend yield at 6.95%, compared with 5.21% for MHY.
They also come from different issuers: T. Rowe Price and Man Group. Their fees differ too: 0.56% for THYF and 0.69% for MHY.
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