HYRM vs. FTSL
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and FTSL (First Trust Senior Loan Fund) are both High Yield Bonds funds. HYRM is passively managed, while FTSL is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. HYRM charges 0.30%/yr vs 0.86%/yr for FTSL.
Performance
HYRM vs. FTSL - Performance Comparison
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Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSL
- 1D
- 0.11%
- 1M
- 0.51%
- 6M
- 0.63%
- YTD
- 1.02%
- 1Y
- 3.87%
- 3Y*
- 6.90%
- 5Y*
- 5.05%
- 10Y*
- 4.44%
HYRM vs. FTSL - 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% |
FTSL First Trust Senior Loan Fund | 1.02% | 5.98% | 8.27% | 11.58% | -2.68% |
Correlation
The correlation between HYRM and FTSL is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.54 |
The correlation between HYRM and FTSL has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
HYRM vs. FTSL — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTSL
HYRM vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.69 | — |
| Martin ratioReturn relative to average drawdown | — | 6.27 | — |
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Drawdowns
HYRM vs. FTSL - Drawdown Comparison
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Drawdown Indicators
| HYRM | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -22.67% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.67% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.76% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.63% | — |
Volatility
HYRM vs. FTSL - Volatility Comparison
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Volatility by Period
| HYRM | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 2.12% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 3.35% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.18% | — |
HYRM vs. FTSL - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Dividends
HYRM vs. FTSL - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, less than FTSL's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 6.42% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYRM and FTSL have a correlation of 0.50, 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 0.86% for FTSL.
FTSL has the higher dividend yield at 6.42%, compared with 5.42% for HYRM.
They also come from different issuers: Xtrackers and First Trust. Their fees differ too: 0.30% for HYRM and 0.86% for FTSL.
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