HYRM vs. HYHG
Compare and contrast key facts about Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and ProShares High Yield-Interest Rate Hedged (HYHG).
HYRM and HYHG 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. HYHG is a passively managed fund by ProShares that tracks the performance of the Citi High Yield (Treasury Rate-Hedged) Index. It was launched on May 21, 2013. Both HYRM and HYHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYRM vs. HYHG - Performance Comparison
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HYRM vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | -0.03% | 5.98% | 7.81% | 11.98% | -7.10% |
HYHG ProShares High Yield-Interest Rate Hedged | 0.77% | 5.31% | 11.41% | 14.69% | -0.42% |
Returns By Period
In the year-to-date period, HYRM achieves a -0.03% return, which is significantly lower than HYHG's 0.77% return.
HYRM
- 1D
- 0.27%
- 1M
- -0.67%
- YTD
- -0.03%
- 6M
- 1.16%
- 1Y
- 4.41%
- 3Y*
- 7.12%
- 5Y*
- —
- 10Y*
- —
HYHG
- 1D
- 0.02%
- 1M
- 0.72%
- YTD
- 0.77%
- 6M
- 2.34%
- 1Y
- 6.89%
- 3Y*
- 9.60%
- 5Y*
- 6.54%
- 10Y*
- 6.30%
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HYRM vs. HYHG - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Return for Risk
HYRM vs. HYHG — Risk / Return Rank
HYRM
HYHG
HYRM vs. HYHG - 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 ProShares High Yield-Interest Rate Hedged (HYHG). 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.
| HYRM | HYHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.86 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.29 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.77 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.63 | 8.44 | -3.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYRM | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.86 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.45 | +0.09 |
Correlation
The correlation between HYRM and HYHG is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYRM vs. HYHG - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 6.45%, less than HYHG's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 6.45% | 6.28% | 6.08% | 5.78% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.92% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
Drawdowns
HYRM vs. HYHG - Drawdown Comparison
The maximum HYRM drawdown since its inception was -12.42%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for HYRM and HYHG.
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Drawdown Indicators
| HYRM | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -25.71% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -3.03% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.71% | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.55% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -3.08% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.89% | +0.12% |
Volatility
HYRM vs. HYHG - Volatility Comparison
Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and ProShares High Yield-Interest Rate Hedged (HYHG) have volatilities of 2.46% and 2.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYRM | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 2.35% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 4.48% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 8.09% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.12% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 9.20% | -1.26% |