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HYDB vs MHY

iShares High Yield Systematic Bond ETF

HYDBACboe

Man Active High Yield ETF

MHYDNYSE Arca

Overlap

No data

Expense ratio

HYDB −0.34pt a year

HYDB0.35%MHY0.69%

Avg volume · 30D

HYDB 11.8×the volume

HYDB175KMHY14.9K

HYDB vs MHY Performance

Oct 31, 2025 – Oct 30, 2026

+1.1%HYDB+6.7%MHY

Oct 31, 2025 to Oct 30, 2026. HYDB +1.1%. MHY +6.7%. Use the arrow keys to read each point.4%8%10%Oct 2025Apr 2026Oct 2026
Expense ratio
HYDB 0.35%, better
MHY 0.69%
Fund size
HYDB $1.53B
MHY $33M
1Y total return
HYDB +1.1%
MHY +6.7%, better
Yield (12M)
HYDB 7.16%
MHY No data
Holdings
HYDB 253
MHY 86
Avg volume (30D)
HYDB 175K sh, better
MHY 14.9K sh
NAV per share
HYDB $44.72
MHY $24.96
52W range

ETF.net Grade

HYDB: Cost 93, Risk 42, Mission 95, Tradability 85, Holdings 66, Durability 84. MHY: Cost 2, Risk 67, Mission 54, Tradability 45, Holdings 30, Durability 26.
Pillar letters and Scores for HYDB, MHY, with each pillar’s weight
PillarHYDBMHY
Cost30% weightA93HigherF2
Mission25% weightA95HigherC54
Risk15% weightC42B67Higher
Tradability15% weightA85HigherC45
Holdings10% weightB66HigherD30
Durability5% weightA84HigherD26

Rank among International High Yield Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. HYDB and MHY are both graded against the same 13 International High Yield Bond funds, so their Grades compare head to head.

International High Yield Bond⁠

Category · 13 funds
See all 13 ›

HYDB ranks 1st and MHY 12th of 13 funds in the International High Yield Bond Category.

  1. Rank 1AHYDBiShares High Yield Systematic Bond ETFScore 81
  2. Rank 2ASYFIAB Short Duration High Yield ETFScore 73
  3. Rank 11DPBSCPacer Barings Secured Credit Flex ETFScore 36
  4. Rank 12DMHYMan Active High Yield ETFScore 35
  5. RCLONot yet graded

Our read on each fund

ETF.net Research

HYDBAiShares High Yield Systematic Bond ETF

MHYDMan Active High Yield ETF

In short

HYDB No data

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

HYDB No data

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

Why people hold it

HYDB No data

  • 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

HYDB No data

  • 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 HYDB profile⁠

Full MHY profile⁠

HYDB vs MHY Holdings

How HYDB and MHY differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile42.2%
  • Asset classFixed Income100%

Sector

No Sector split for MHY.

Country, concentration and asset class

Country by domicile

Country weights in HYDB and MHY, widest gap first
CountryMore in HYDBMore in MHY
United StatesHYDB +49.2 points
United KingdomMHY +9.5 points
LuxembourgMHY +8.4 points
GermanyMHY +6.3 points
SwedenMHY +5.3 points
Cayman IslandsMHY +5.0 points
ItalyMHY +4.0 points
ColombiaMHY +4.0 points
Other countries (14)MHY +6.7 points

Outside the US: MHY 66% developed, 34% emerging.

Concentration

Weight in the 10 largest Holdings

  • HYDB7.5%
  • MHY34.3%

Securities held

  • HYDB249
  • MHY78

Asset class

HYDB
Fixed Income
MHY
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. HYDB holds 249 securities, MHY 78.

All 256 HYDB holdings⁠All MHY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HYDB vs MHY Cost

Overpaying MHY vs HYDB

$6,303

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HYDB 0.35%

    $7,126

  • MHY 0.69%

    $13,429

$10,000
30 years

Cost over time

  • HYDB 0.35%
  • MHY 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MHY $13,429HYDB $7,126

Year by year

YearHYDBMHYOverpaying
10$634$1,232$598
20$2,454$4,697$2,243
30$7,126$13,429$6,303

Expense ratio

  • 0.35%HYDB, cheaper
  • 0.69%MHY
  • Middle half of International High Yield Bond funds
  • Median 0.46%

HYDB cheapest of 13 funds

MHY 13th cheapest of 13 funds

HYDB vs MHY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
HYDB 7.16%
MHY No data
Payout (12M)
HYDB $3.21
MHY No data
Last payment
HYDB $0.27
MHY $0.58
Ex-dividend
HYDB Oct 1, 2026
MHY Sep 24, 2026
Paid on
HYDB Oct 6, 2026
MHY Sep 30, 2026
Frequency
HYDB Monthly
MHY Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

HYDBMonthly · 45 paymentsAll HYDB payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.25; Mar 1, 2023 $0.25; Apr 3, 2023 $0.27; May 1, 2023 $0.27; Jun 1, 2023 $0.28; Jul 3, 2023 $0.27; Aug 1, 2023 $0.27; Sep 1, 2023 $0.30; Oct 2, 2023 $0.29; Nov 1, 2023 $0.23; Dec 1, 2023 $0.29; Dec 14, 2023 $0.28; Feb 1, 2024 $0.21; Mar 1, 2024 $0.27; Apr 1, 2024 $0.33; May 1, 2024 $0.28; Jun 3, 2024 $0.29; Jul 1, 2024 $0.28; Aug 1, 2024 $0.28; Sep 3, 2024 $0.28; Oct 1, 2024 $0.27; Nov 1, 2024 $0.28; Dec 2, 2024 $0.25; Dec 18, 2024 $0.27; Feb 3, 2025 $0.29; Mar 3, 2025 $0.23; Apr 1, 2025 $0.28; May 1, 2025 $0.29; Jun 2, 2025 $0.31; Jul 1, 2025 $0.28; Aug 1, 2025 $0.28; Sep 2, 2025 $0.28; Oct 1, 2025 $0.28; Nov 3, 2025 $0.28; Dec 1, 2025 $0.27; Dec 19, 2025 $0.27; Feb 2, 2026 $0.27; Mar 2, 2026 $0.26; Apr 1, 2026 $0.28; May 1, 2026 $0.27; Jun 1, 2026 $0.26; Jul 1, 2026 $0.26; Aug 3, 2026 $0.27; Sep 1, 2026 $0.26; Oct 1, 2026 $0.27. Use the arrow keys to read each point.$0$120232026YTD
MHYQuarterly · 4 paymentsAll MHY payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 16, 2025 $0.85; Mar 25, 2026 $0.07; Jun 24, 2026 $0.43; Sep 24, 2026 $0.58. Use the arrow keys to read each point.$0$120232026YTD

HYDB vs MHY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HYDB 4.9%MHY 3.2%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
HYDB 0.77MHY 0.73since Oct 2025
Worst fallMax drawdown, 5 years
HYDB −14.3%MHY −3.4%since Sep 2025
Market sensitivityBeta, 5 years
HYDB 0.65MHY 0.16

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