XB vs. MHY
XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. XB is passively managed, while MHY is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. XB charges 0.30%/yr vs 0.69%/yr for MHY.
Performance
XB vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, XB achieves a 2.52% return, which is significantly lower than MHY's 5.18% return.
XB
- 1D
- -0.11%
- 1M
- 0.82%
- 6M
- 2.21%
- YTD
- 2.52%
- 1Y
- 6.20%
- 3Y*
- 8.63%
- 5Y*
- —
- 10Y*
- —
MHY
- 1D
- 0.23%
- 1M
- 2.28%
- 6M
- 4.82%
- YTD
- 5.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XB vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.52% | 1.73% |
MHY Man Active High Yield ETF | 5.18% | 1.54% |
Correlation
The correlation between XB and MHY is 0.69, 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 | 0.69 |
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Return for Risk
XB vs. MHY — Risk / Return Rank
XB
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XB vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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.
| XB | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 12.54 | — | — |
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Drawdowns
XB vs. MHY - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for XB and MHY.
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Drawdown Indicators
| XB | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -1.58% | -7.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -0.28% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | — | — |
Volatility
XB vs. MHY - Volatility Comparison
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Volatility by Period
| XB | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 2.96% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 2.96% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 2.96% | +4.45% |
XB vs. MHY - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
XB vs. MHY - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.01%, more than MHY's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MHY Man Active High Yield ETF | 5.25% | 3.42% | 0.00% | 0.00% | 0.00% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.01% | 6.96% | 7.74% | 7.87% | 5.01% |
Frequently Asked Questions
XB and MHY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB is cheaper with a 0.30% expense ratio, compared with 0.69% for MHY.
XB has the higher dividend yield at 7.01%, compared with 5.25% for MHY.
They also come from different issuers: BondBloxx and Man Group. Their fees differ too: 0.30% for XB and 0.69% for MHY.
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