VGHY vs. MHY
VGHY (Vanguard High-Yield Active ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. VGHY charges 0.22%/yr vs 0.69%/yr for MHY.
Performance
VGHY vs. MHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGHY achieves a 1.63% return, which is significantly lower than MHY's 5.89% return.
VGHY
- 1D
- 0.07%
- 1M
- -0.34%
- 6M
- 1.25%
- YTD
- 1.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 | |
| $2.96M | $3.03M | $3.77M |
VGHY vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGHY Vanguard High-Yield Active ETF | 1.63% | 1.80% |
MHY Man Active High Yield ETF | 5.89% | 1.54% |
Correlation
The correlation between VGHY and MHY is 0.61, 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 | 0.61 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGHY vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Drawdowns
VGHY vs. MHY - Drawdown Comparison
The maximum VGHY drawdown since its inception was -2.66%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for VGHY and MHY.
Loading charts...
Drawdown Indicators
| VGHY | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.66% | -1.58% | -1.08% |
Current DrawdownCurrent decline from peak | -0.47% | 0.00% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -0.26% | -0.16% |
Volatility
VGHY vs. MHY - Volatility Comparison
Loading charts...
Volatility by Period
| VGHY | MHY | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 2.91% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 2.91% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 2.91% | +1.14% |
VGHY vs. MHY - Expense Ratio Comparison
VGHY has a 0.22% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
VGHY vs. MHY - Dividend Comparison
VGHY's dividend yield for the trailing twelve months is around 4.50%, less than MHY's 5.21% yield.
| Position | TTM | 2025 |
|---|---|---|
MHY Man Active High Yield ETF | 5.21% | 3.42% |
VGHY Vanguard High-Yield Active ETF | 4.50% | 1.49% |
Frequently Asked Questions
VGHY and MHY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGHY is cheaper with a 0.22% expense ratio, compared with 0.69% for MHY.
MHY has the higher dividend yield at 5.21%, compared with 4.50% for VGHY.
They also come from different issuers: Vanguard and Man Group. Their fees differ too: 0.22% for VGHY and 0.69% for MHY.
Find the right allocation for VGHY and MHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer