HYRM vs. BSJO
Compare and contrast key facts about Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
HYRM and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016. Both HYRM and BSJO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYRM or BSJO.
Key characteristics
| HYRM | BSJO | |
|---|---|---|
| YTD Return | 7.42% | 4.26% |
| 1Y Return | 13.72% | 6.87% |
| Sharpe Ratio | 2.52 | 4.35 |
| Daily Std Dev | 5.34% | 1.57% |
| Max Drawdown | -12.42% | -21.98% |
| Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between HYRM and BSJO is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYRM vs. BSJO - Performance Comparison
In the year-to-date period, HYRM achieves a 7.42% return, which is significantly higher than BSJO's 4.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYRM vs. BSJO - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
HYRM vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.
Dividends
HYRM vs. BSJO - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.78%, more than BSJO's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 5.78% | 5.78% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.39% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.87% | 1.39% |
Drawdowns
HYRM vs. BSJO - Drawdown Comparison
The maximum HYRM drawdown since its inception was -12.42%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for HYRM and BSJO. For additional features, visit the drawdowns tool.
Volatility
HYRM vs. BSJO - Volatility Comparison
Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) has a higher volatility of 1.10% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that HYRM's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.