HYRM vs. BSJQ
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - HYRM tracks the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. HYRM charges 0.30%/yr vs 0.42%/yr for BSJQ.
Performance
HYRM vs. BSJQ - Performance Comparison
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Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSJQ
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 1.17%
- YTD
- 1.17%
- 1Y
- 4.14%
- 3Y*
- 6.75%
- 5Y*
- 3.63%
- 10Y*
- —
HYRM vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 1.50% | 5.98% | 7.81% | 11.98% | -7.88% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.17% | 6.59% | 7.49% | 9.83% | -5.23% |
Correlation
The correlation between HYRM and BSJQ is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.88 |
Over the past year, the correlation between HYRM and BSJQ has dropped to 0.59 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
HYRM vs. BSJQ — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSJQ
HYRM vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYRM | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.70 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.78 | — |
| Martin ratioReturn relative to average drawdown | — | 30.30 | — |
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Drawdowns
HYRM vs. BSJQ - Drawdown Comparison
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Drawdown Indicators
| HYRM | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -24.13% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.95% | — |
Current DrawdownCurrent decline from peak | — | -0.12% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.14% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.14% | — |
Volatility
HYRM vs. BSJQ - Volatility Comparison
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Volatility by Period
| HYRM | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.34% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.73% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.39% | — |
HYRM vs. BSJQ - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Dividends
HYRM vs. BSJQ - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, less than BSJQ's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.78% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 5.42% | 6.28% | 6.08% | 5.78% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYRM and BSJQ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYRM is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYRM is cheaper with a 0.30% expense ratio, compared with 0.42% for BSJQ.
BSJQ has the higher dividend yield at 5.78%, compared with 5.42% for HYRM.
HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.30% for HYRM and 0.42% for BSJQ.
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