HYRM vs. HYLB
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and HYLB (Xtrackers USD High Yield Corporate 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 HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 3 years, HYRM returned 7.86%/yr vs 8.79%/yr for HYLB. Their correlation of 0.94 suggests significant overlap in exposure. HYRM charges 0.30%/yr vs 0.15%/yr for HYLB.
Performance
HYRM vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, HYRM achieves a 1.50% return, which is significantly lower than HYLB's 1.65% return.
HYRM
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 1.50%
- 6M
- 1.79%
- 1Y
- 6.16%
- 3Y*
- 7.86%
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
HYRM vs. HYLB - 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% | -7.10% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -6.92% |
Correlation
The correlation between HYRM and HYLB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.94 |
The correlation between HYRM and HYLB has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
HYRM vs. HYLB — Risk / Return Rank
HYRM
HYLB
HYRM vs. HYLB - 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 USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.00 | +0.30 |
| Martin ratioReturn relative to average drawdown | 14.20 | 12.90 | +1.29 |
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 | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.84 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.58 | 0.00 |
Drawdowns
HYRM vs. HYLB - Drawdown Comparison
The maximum HYRM drawdown since its inception was -12.42%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for HYRM and HYLB.
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Drawdown Indicators
| HYRM | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -22.91% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -2.27% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -4.51% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.09% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -2.43% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.53% | +0.06% |
Volatility
HYRM vs. HYLB - Volatility Comparison
The current volatility for Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) is 1.05%, while Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a volatility of 1.19%. This indicates that HYRM experiences smaller price fluctuations and is considered to be less risky than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYRM | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.19% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.92% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 3.70% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 7.47% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 8.18% | -0.31% |
HYRM vs. HYLB - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
HYRM vs. HYLB - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.92%, less than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 5.92% | 6.28% | 6.08% | 5.78% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYRM and HYLB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYLB has higher volatility (1.19%) compared to HYRM (1.05%). In terms of maximum drawdown, HYRM dropped -12.42% vs HYLB's -22.91%.
On 3-year performance, HYLB leads with 8.79% vs 7.86% for HYRM. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYRM has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYLB has performed better with a 8.79% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.30% for HYRM.
HYLB has the higher dividend yield at 6.48%, compared with 5.92% for HYRM.
HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: Xtrackers and DWS. Their fees differ too: 0.30% for HYRM and 0.15% for HYLB.
HYRM currently has the higher Sharpe Ratio (1.98 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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