HYRM vs. HYGH
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and HYGH (iShares Interest Rate Hedged High Yield 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 HYGH tracks the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. HYRM charges 0.30%/yr vs 0.52%/yr for HYGH.
Performance
HYRM vs. HYGH - Performance Comparison
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Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH
- 1D
- -0.05%
- 1M
- 0.33%
- 6M
- 3.15%
- YTD
- 3.58%
- 1Y
- 7.13%
- 3Y*
- 9.32%
- 5Y*
- 6.92%
- 10Y*
- 6.13%
HYRM vs. HYGH - 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% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.58% | 6.94% | 11.22% | 12.17% | 0.21% |
Correlation
The correlation between HYRM and HYGH is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.73 |
The correlation between HYRM and HYGH shifts across timeframes, from 0.53 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYRM vs. HYGH — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGH
HYRM vs. HYGH - 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 iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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 | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.44 | — |
| Martin ratioReturn relative to average drawdown | — | 17.37 | — |
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Drawdowns
HYRM vs. HYGH - Drawdown Comparison
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Drawdown Indicators
| HYRM | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -23.88% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | — | -0.05% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.21% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
HYRM vs. HYGH - Volatility Comparison
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Volatility by Period
| HYRM | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.63% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 7.07% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.22% | — |
HYRM vs. HYGH - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
HYRM vs. HYGH - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, less than HYGH's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.57% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
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 HYGH have a correlation of 0.53, 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 0.52% for HYGH.
HYGH has the higher dividend yield at 6.57%, compared with 5.42% for HYRM.
HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while HYGH tracks Markit iBoxx USD Liquid High Yield Interest Hedged Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for HYRM and 0.52% for HYGH.
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