HYRM vs. CHPS

Last updated Aug 4, 2026

HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - HYRM is a High Yield Bonds fund tracking the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index. Both are passively managed. Their 0.44 correlation means their historical movements had little consistent relationship. HYRM charges 0.30%/yr vs 0.15%/yr for CHPS.

Performance

HYRM vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and Xtrackers Semiconductor Select Equity ETF (CHPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYRM

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CHPS

• 1D: 1.47%
• 1M: -11.74%
• 6M: 41.98%
• YTD: 70.98%
• 1Y: 141.43%
• 3Y*: 49.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHPS Xtrackers Semiconductor Select Equity ETF	$2.66M	$2.47M	$3.90M

HYRM vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	1.50%	5.98%	7.81%	6.16%
CHPS Xtrackers Semiconductor Select Equity ETF	70.98%	58.47%	7.75%	10.88%

Correlation

The correlation between HYRM and CHPS is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.44

Return for Risk

HYRM vs. CHPS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HYRM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CHPS

CHPS Risk / Return Rank: 93
CHPS Sharpe Ratio Rank: 96
CHPS Sortino Ratio Rank: 91
CHPS Omega Ratio Rank: 91
CHPS Calmar Ratio Rank: 92
CHPS Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HYRM vs. CHPS - 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 Xtrackers Semiconductor Select Equity ETF (CHPS). 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	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	—	3.12	—
Sortino ratio: Return per unit of downside risk	—	3.27	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	4.35	—
Martin ratio: Return relative to average drawdown	—	18.16	—

Drawdowns

Drawdown Indicators

	HYRM	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.44%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-32.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.44%	—
Current Drawdown Current decline from peak	—	-24.91%	—
Average Drawdown Average peak-to-trough decline	—	-9.38%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.82%	—

Volatility

Volatility by Period

	HYRM	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	45.64%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	37.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	37.27%	—

HYRM vs. CHPS - Expense Ratio Comparison

HYRM has a 0.30% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

HYRM vs. CHPS - Dividend Comparison

HYRM's dividend yield for the trailing twelve months is around 4.89%, more than CHPS's 0.38% yield.

Position	TTM	2025	2024	2023	2022
CHPS Xtrackers Semiconductor Select Equity ETF	0.38%	0.68%	1.75%	0.36%	0.00%
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	4.89%	6.28%	6.08%	5.78%	4.69%

Frequently Asked Questions

Can I hold both HYRM and CHPS in my portfolio?

HYRM and CHPS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYRM or CHPS?

On fees, CHPS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYRM or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.30% for HYRM.

Which ETF pays a higher dividend yield, HYRM or CHPS?

HYRM has the higher dividend yield at 4.89%, compared with 0.38% for CHPS.

What is the main difference between HYRM and CHPS?

HYRM is categorized as High Yield Bonds, while CHPS is Semiconductors. HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while CHPS tracks Solactive Semiconductor ESG Screened Index. Their fees differ too: 0.30% for HYRM and 0.15% for CHPS.