YLD vs. MHY
YLD (Principal Active High Yield ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. YLD charges 0.39%/yr vs 0.69%/yr for MHY.
Performance
YLD vs. MHY - Performance Comparison
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Returns By Period
In the year-to-date period, YLD achieves a 3.32% return, which is significantly lower than MHY's 3.85% return.
YLD
- 1D
- 0.26%
- 1M
- 1.00%
- YTD
- 3.32%
- 6M
- 3.59%
- 1Y
- 7.20%
- 3Y*
- 8.71%
- 5Y*
- 5.07%
- 10Y*
- 5.74%
MHY
- 1D
- 0.31%
- 1M
- 1.46%
- YTD
- 3.85%
- 6M
- 4.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YLD vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YLD Principal Active High Yield ETF | 3.32% | 0.65% |
MHY Man Active High Yield ETF | 3.85% | 1.54% |
Correlation
The correlation between YLD and MHY is 0.59, 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 | 0.59 |
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Return for Risk
YLD vs. MHY — Risk / Return Rank
YLD
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YLD vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) 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.
| YLD | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | — | — |
| Martin ratioReturn relative to average drawdown | 12.63 | — | — |
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Drawdowns
YLD vs. MHY - Drawdown Comparison
The maximum YLD drawdown since its inception was -28.34%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for YLD and MHY.
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Drawdown Indicators
| YLD | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.34% | -1.58% | -26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -0.29% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | — | — |
Volatility
YLD vs. MHY - Volatility Comparison
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Volatility by Period
| YLD | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 2.99% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 2.99% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 2.99% | +5.21% |
YLD vs. MHY - Expense Ratio Comparison
YLD has a 0.39% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
YLD vs. MHY - Dividend Comparison
YLD's dividend yield for the trailing twelve months is around 7.24%, more than MHY's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHY Man Active High Yield ETF | 3.56% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YLD Principal Active High Yield ETF | 7.24% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Frequently Asked Questions
YLD and MHY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YLD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YLD is cheaper with a 0.39% expense ratio, compared with 0.69% for MHY.
YLD has the higher dividend yield at 7.24%, compared with 3.56% for MHY.
They also come from different issuers: Principal and Man Group. Their fees differ too: 0.39% for YLD and 0.69% for MHY.
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