MHYvsFLRNETF Comparison
VS
ETF 2
FLRN
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
This fund is part of
US Corporate IG Bonds
+0.03%
Man Active High Yield ETF (MHY) belongs to the Intl HY Bonds segment. State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is part of the US Corporate IG Bonds segment. MHY's top 3 sector exposures are Finance, Healthcare and Business Services. In contrast, FLRN's top sector exposures are Finance, Consumer Cyclicals and Industrials. MHY is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.15% for FLRN. MHY is up 5.49% year-to-date (YTD) with +$14M in YTD flows. FLRN performs worse with 3.37% YTD performance, and +$443M in YTD flows. Run a side-by-side ETF comparison of MHY and FLRN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MHY vs FLRN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MHY FLRN | -1.77%+0.35% | +0.01%+1.05% | +5.49%+3.37% | +7.21%+4.37% | n/a+17.00% | n/a+24.45% |
| Flows | MHY FLRN | +$2M+$178M | +$9M+$40M | +$14M+$443M | +$14M+$477M | -+$693M | -+$694M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MHY FLRN | +2.49%+0.16% | +2.10%+0.17% | n/a+0.23% | n/a+0.37% |
| Max drawdown | MHY FLRN | -2.47%n/a | -2.47%n/a | n/a-0.19% | n/a-0.82% |
| Max drawdown duration | MHY FLRN | 25dn/a | 25dn/a | n/a21d | n/a318d |
Trading data
MHY | FLRN | |
Last sale 10/16/2026 at 1:30 PM | $24.95 | $30.79 |
| Previous close 10/15/2026 | $25.04 | $30.78 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MHY
is actively managed and doesn’t replicate an indexMHY | FLRN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MHY | FLRN | |
|---|---|---|
| Last price | $24.95 | $30.79 |
| 1D performance | -0.36% | +0.03% |
| AuM | $33.10 M | $3.15 B |
| E/R | 0.69% | 0.15% |
Characteristics
MHY | FLRN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Man Solutions LLC | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. Floating Rate Note < 5 Years Index |
| N° of holdings | 60 | 522 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | November 30, 2011 |
| ESG | No | No |
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Exposure
Countries
MHY
USA
29.1%
United Kingdom
13.13%
Other
57.77%
FLRN
USA
47.02%
United Kingdom
7.79%
Australia
7.62%
Other
37.57%
Sectors
MHY
Finance
22.77%
Healthcare
11.76%
Business Services
8.14%
Industrials
8.13%
Other
49.2%
FLRN
Finance
79.21%
Other
20.79%
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Diversification
MHY
Total weight of top 15 holdings out of 15
37.15%
FLRN
Total weight of top 15 holdings out of 15
11.59%
Top 15 holdings
Data as of August 31, 2026
MHY
Bellis Acquisition, 8.125% 14may2030, GBP
4.09%
Cerdia Finanz, 9.375% 3oct2031, USD
4.07%
European Entertainment Intressenter, FRN 29sep2030, EUR
4.00%
Staples, 10.75% 1sep2029, USD
2.87%
R.R. Donnelley & Sons, 11% 1jun2031, USD
2.63%
National Mentor Holdings, 10.5% 15dec2030, USD
2.27%
Emeria, 7.75% 31mar2028, EUR
2.17%
USA, Bills 0% 3sep2026, USD (364D)
2.13%
MPT Operating Partnership, 3.692% 5jun2028, GBP
1.98%
Oceanica Engenharia e Consultoria, 11.25% 8may2031, USD
1.93%
Arqiva, 8.625% 1jul2030, GBP
1.92%
CAB SELAS, 7.75% 9aug2031, EUR
1.89%
EVOCA, FRN 9apr2029, EUR
1.78%
Gruppo San Donato, 6.5% 31oct2031, EUR
1.73%
PCC GLOBAL, 8.25% 15nov2030, EUR
1.69%
FLRN
EBRD, FRN 20feb2028, USD
1.22%
IBRD, FRN 19aug2027, USD (101196)
1.02%
EBRD, FRN 22jul2030, USD
0.85%
IBRD, FRN 12jan2027, USD (101643)
0.85%
EBRD, FRN 16feb2029, USD
0.84%
KBN (Kommunalbanken), FRN 9apr2029, USD (5621)
0.80%
IBRD, FRN 15jun2027, USD (102047)
0.72%
Inter-American Development Bank (IDB), FRN 5oct2028, USD (886)
0.71%
KBN (Kommunalbanken), FRN 3mar2028, USD (5596)
0.71%
Inter-American Development Bank (IDB), FRN 20mar2028, USD (790)
0.68%
Inter-American Development Bank (IDB), FRN 4oct2027, USD
0.66%
Inter-American Development Bank (IDB), FRN 1aug2029, USD (934)
0.65%
IFC, FRN 28aug2028, USD (2673)
0.65%
Inter-American Development Bank (IDB), FRN 13mar2030, USD (980)
0.62%
IBRD, FRN 22nov2028, USD (101447)
0.61%
Frequently asked questions about MHY and FLRN
How have the MHY and FLRN ETFs performed in 2026?
As of October 16, 2026, MHY is up 5.49% year-to-date (YTD), while FLRN has returned 3.37%. That puts MHY better performer ahead so far this year.
Which ETF is attracting more investor money: MHY or FLRN?
Year-to-date, the MHY ETF saw +$14M in flows, compared to +$443M for FLRN.
Which ETF is more volatile: MHY or FLRN?
Over the past year, MHY had a volatility of 2.1%, while FLRN experienced 0.17%.
Which ETF is bigger: MHY or FLRN?
As of October 16, 2026, MHY holds $33.10 M in assets under management (AUM), while FLRN manages $3.15 B.
What sectors do the MHY and FLRN ETFs invest in?
MHY leans toward sectors like Finance, Healthcare and Business Services. Meanwhile, FLRN focuses on Finance.
What are the top holdings of the MHY ETF and FLRN ETF?
MHY top holdings include Bellis Acquisition, 8.125% 14may2030, GBP, Cerdia Finanz, 9.375% 3oct2031, USD and European Entertainment Intressenter, FRN 29sep2030, EUR. FLRN holds in its top three: EBRD, FRN 20feb2028, USD, IBRD, FRN 19aug2027, USD (101196) and EBRD, FRN 22jul2030, USD.
Which ETF is more diversified: MHY or FLRN?
MHY holds 65 securities with 37.15% of its assets in the top 15. FLRN has 543 securities and a top 15 weight of 11.59%.
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Latest news about MHY & FLRN
Hedge Fund Giant Man Group Enters ETFs With MHY and MANI Launches
September 23, 2025
MHY
Renewed Interest in IG Corporate Bonds as Treasury Yields Fall
October 16, 2023
FLRN
Higher Interest Rates for Longer: The Case for Floating Rate Bond ETFs
October 13, 2023
FLRN
Navigating the Changing Equity Risk Premium Landscape: What Investors Need to Know
September 21, 2023
FLRN
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Looking Across the Fixed Income Spectrum
January 13, 2023
FLRN
Looking Across the Fixed Income Spectrum
January 13, 2023
FLRN
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