CA vs. HYRM
Compare and contrast key facts about Xtrackers California Municipal Bond ETF (CA) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM).
CA and HYRM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023. HYRM is a passively managed fund by Xtrackers that tracks the performance of the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net. It was launched on Feb 9, 2022. Both CA and HYRM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CA vs. HYRM - Performance Comparison
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CA vs. HYRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 0.04% | 3.05% | 1.51% | 0.79% |
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | -0.03% | 5.98% | 7.81% | 0.60% |
Returns By Period
In the year-to-date period, CA achieves a 0.04% return, which is significantly higher than HYRM's -0.03% return.
CA
- 1D
- 0.11%
- 1M
- -1.69%
- YTD
- 0.04%
- 6M
- 1.33%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYRM
- 1D
- 0.27%
- 1M
- -0.67%
- YTD
- -0.03%
- 6M
- 1.16%
- 1Y
- 4.41%
- 3Y*
- 7.12%
- 5Y*
- —
- 10Y*
- —
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CA vs. HYRM - Expense Ratio Comparison
CA has a 0.07% expense ratio, which is lower than HYRM's 0.30% expense ratio.
Return for Risk
CA vs. HYRM — Risk / Return Rank
CA
HYRM
CA vs. HYRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CA | HYRM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.78 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.19 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.18 | -0.09 |
Martin ratioReturn relative to average drawdown | 3.10 | 4.63 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CA | HYRM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.78 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.54 | +0.04 |
Correlation
The correlation between CA and HYRM is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CA vs. HYRM - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 3.23%, less than HYRM's 6.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 3.23% | 3.14% | 3.03% | 0.00% | 0.00% |
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 6.45% | 6.28% | 6.08% | 5.78% | 4.69% |
Drawdowns
CA vs. HYRM - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, smaller than the maximum HYRM drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for CA and HYRM.
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Drawdown Indicators
| CA | HYRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -12.42% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -3.97% | +0.30% |
Current DrawdownCurrent decline from peak | -1.88% | -1.15% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -2.63% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.01% | +0.28% |
Volatility
CA vs. HYRM - Volatility Comparison
The current volatility for Xtrackers California Municipal Bond ETF (CA) is 1.27%, while Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) has a volatility of 2.46%. This indicates that CA experiences smaller price fluctuations and is considered to be less risky than HYRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CA | HYRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.46% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 3.29% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 5.65% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 7.94% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 7.94% | -3.85% |