Man Active High Yield ETF (MHY) — Stock Correlations & Overview
Over the past year, MHY has moved most closely with MANI, MFUL, XT. Explore the stocks most correlated and inversely correlated with MHY below, along with its price, financials, and company profile.
Stocks correlated with MHY
Correlation of daily returns. Higher positive values move with MHY; negative values move opposite it. Informational only, not investment advice.
Most correlated with MHY
| Symbol | Company | Correlation |
|---|---|---|
| MANI | Man Active Income ETF | 0.90 |
| MFUL | Mindful Conservative ETF | 0.64 |
| XT | iShares Trust iShares Future Exponential Technologies ETF | 0.61 |
| AVGB | Avantis Credit ETF | 0.61 |
| BEGS | Rareview 2x Bull Cryptocurrency & Precious Metals ETF | 0.59 |
Most inversely correlated with MHY
| Symbol | Company | Correlation |
|---|---|---|
| CPAC | CEMENTOS PACASMAYO S.A.A. | -0.56 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.41 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.40 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.39 |
| RILYL | BRC Group Holdings, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001INVESTMENT ADVICE | -0.39 |
Frequently asked questions about MHY correlations
- Which stocks are most correlated with MHY?
- Based on one year of daily returns, the stocks most correlated with Man Active High Yield ETF (MHY) are MANI (0.90), MFUL (0.64) and XT (0.61). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MHY?
- Over the past year, the stocks most inversely correlated with Man Active High Yield ETF (MHY) are CPAC (-0.56), SPDN (-0.41) and SPXS (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MHY correlations calculated?
- We compute the correlation of daily returns between MHY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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