HYRM vs. IBHH
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income 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 IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. HYRM charges 0.30%/yr vs 0.35%/yr for IBHH.
Performance
HYRM vs. IBHH - Performance Comparison
Loading charts...
Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IBHH
- 1D
- -0.09%
- 1M
- 0.08%
- 6M
- 1.69%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.03M | $2.31M | $2.52M |
HYRM vs. IBHH - 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% | -6.54% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2.18% | 8.02% | 7.53% | 12.87% | -6.70% |
Correlation
The correlation between HYRM and IBHH is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.83 |
Over the past year, the correlation between HYRM and IBHH has dropped to 0.61 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYRM vs. IBHH — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHH
HYRM vs. IBHH - 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 iBonds 2028 Term High Yield and Income ETF (IBHH). 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 | IBHH | 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 | — | 4.31 | — |
| Martin ratioReturn relative to average drawdown | — | 17.21 | — |
Loading charts...
Drawdowns
HYRM vs. IBHH - Drawdown Comparison
Loading charts...
Drawdown Indicators
| HYRM | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -12.05% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.66% | — |
Current DrawdownCurrent decline from peak | — | -0.09% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.22% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.31% | — |
Volatility
HYRM vs. IBHH - Volatility Comparison
Loading charts...
Volatility by Period
| HYRM | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 2.74% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 7.14% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 7.14% | — |
HYRM vs. IBHH - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than IBHH's 0.35% expense ratio.
Dividends
HYRM vs. IBHH - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, less than IBHH's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 4.89% | 6.28% | 6.08% | 5.78% | 4.69% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 5.68% | 6.39% | 6.93% | 6.65% | 5.36% |
Frequently Asked Questions
HYRM and IBHH have a correlation of 0.61, 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 0.35% for IBHH.
IBHH has the higher dividend yield at 5.68%, compared with 4.89% for HYRM.
HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for HYRM and 0.35% for IBHH.
Find the right allocation for HYRM and IBHH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer