GHYG vs MHY

GHYGBiShares US & Intl High Yield Corp Bond ETF

MHYDMan Active High Yield ETF

In short

GHYG Most junk-bond ETFs stop at the US border. GHYG holds high-yield corporate debt from US and overseas issuers in one wrapper, spread across roughly 1,700 bonds, with income paid monthly.

MHY Man Group ran institutional credit for decades before it ever printed a ticker. MHY is the high yield entry in its first ETF launch: an actively run, global junk bond book from Man's own credit desk.

Stated mandate

GHYG The fund seeks to track an index of high-yield corporate bonds issued in the United States and abroad.

MHY The Fund seeks current income as its primary objective and capital growth as a secondary objective.

Why people hold it

• GHYG Passport included: tracks an index of high-yield corporate bonds issued in the US and abroad, while the biggest names in the category stick to USD-denominated paper.
• Roughly 1,700 bonds in the basket, so one issuer's trouble is a rounding error. That breadth is among the strongest in its high-yield peer group.
• Pays monthly, and has been running since its 2012 launch, so the record spans a full credit cycle rather than one calm stretch.

• MHY Active from the ground up: at least 80% of net assets in high yield bonds, run by Man's global high yield credit team, with current income the stated first objective and capital growth second.man.com
• Wide latitude by design. The prospectus permits up to 30% of net assets in bonds rated below B3 by Moody's or below B- by S&P/Fitch, the deep end of the credit market.man.com
• One line on the fee table: a 0.69% management fee, no 12b-1 fee, no separate other expenses. Income is distributed quarterly.sec.gov

Worth knowing

• GHYG The 0.40% fee sits right at the high-yield median, but USD-only trackers like SCYB (0.03%) and SPHY (0.05%) charge a fraction. Global reach is the line item you pay for.
• Thinly traded with a modest asset base, so bid-ask spreads tend to run wider than the household-name high-yield funds.
• This is below-investment-grade credit. Prices move with default worries, and stress in the credit market hits harder here than in a Treasury fund.

• MHY That 0.69% sits well above the high yield category median near 0.40%, and index heavyweights such as SCYB, SPHY and USHY charge single-digit basis points for broad exposure.
• It listed in September 2025, so the live record is short. As a newer, smaller fund it can trade with wider spreads than the category's index giants.
• Global mandate plus that below-B3 allowance means credit and currency exposure a plain US high yield index fund does not carry.man.com

Full GHYG profile⁠

Full MHY profile⁠