MHY vs SPY
Man Active High Yield ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MHY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $32M | $821.1B | |
| Dividend Yield | 5.24% | 1.01% | |
| Holdings | 103 | 505 | |
| YTD Return | +6.37% | +12.22% | |
| 1Y Return | +8.33% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.6% | -56.5% | |
| Fund Family | Man Solutions LLC | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 16, 2025 | Jan 22, 1993 |
MHY vs SPY Performance
Man Active High Yield ETF (MHY) is a ETF from Man Solutions LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MHY returned +8.33% while SPY returned +20.83%. Year to date, MHY is up 6.37% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.6% for MHY and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MHY charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, MHY currently yields 5.24% against 1.01% for SPY.
Holdings Overlap
MHY and SPY share 0 holdings out of 514 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MHY or SPY?
MHY has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, MHY or SPY?
Over the past year MHY returned +8.33% vs +20.83% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between MHY and SPY?
MHY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, MHY or SPY?
MHY yields 5.24% while SPY yields 1.01%, so MHY currently pays the higher dividend yield.
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