HYRM vs. HYHG
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and HYHG (ProShares High Yield-Interest Rate Hedged) are both High Yield Bonds funds - HYRM tracks the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net while HYHG tracks the Citi High Yield (Treasury Rate-Hedged) Index. Both are passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. HYRM charges 0.30%/yr vs 0.50%/yr for HYHG.
Performance
HYRM vs. HYHG - Performance Comparison
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Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HYHG
- 1D
- 0.32%
- 1M
- 0.25%
- 6M
- 2.95%
- YTD
- 4.07%
- 1Y
- 7.70%
- 3Y*
- 8.94%
- 5Y*
- 7.14%
- 10Y*
- 6.15%
- ALL TIME*
- 4.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.06M | $1.52M | $1.17M |
HYRM vs. HYHG - 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% |
HYHG ProShares High Yield-Interest Rate Hedged | 4.07% | 5.31% | 11.41% | 14.69% | -0.89% |
Correlation
The correlation between HYRM and HYHG is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.55 |
Over the past year, the correlation between HYRM and HYHG has dropped to 0.34 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
HYRM vs. HYHG — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | HYHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.38 | — |
| Martin ratioReturn relative to average drawdown | — | 11.30 | — |
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Drawdowns
HYRM vs. HYHG - Drawdown Comparison
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Drawdown Indicators
| HYRM | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -25.71% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.47% | — |
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 | — | -0.14% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.01% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.61% | — |
Volatility
HYRM vs. HYHG - Volatility Comparison
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Volatility by Period
| HYRM | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 5.64% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 8.17% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 9.06% | — |
HYRM vs. HYHG - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Dividends
HYRM vs. HYHG - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, less than HYHG's 6.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.14% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 4.89% | 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 HYHG have a correlation of 0.34, 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 0.50% for HYHG.
HYHG has the higher dividend yield at 6.14%, compared with 4.89% for HYRM.
HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while HYHG tracks Citi High Yield (Treasury Rate-Hedged) Index. They also come from different issuers: Xtrackers and ProShares. Their fees differ too: 0.30% for HYRM and 0.50% for HYHG.
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