HYRM vs. NHYB

Last updated Jul 12, 2026

HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and NHYB (Nuveen 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 NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. HYRM charges 0.30%/yr vs 0.08%/yr for NHYB.

Performance

HYRM vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYRM

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.12%
• 1M: 0.24%
• 6M: 1.81%
• YTD: 2.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYRM vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	1.50%	1.27%
NHYB Nuveen High Yield Corporate Bond ETF	2.15%	1.24%

Correlation

The correlation between HYRM and NHYB is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.73

Return for Risk

HYRM vs. NHYB - 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 Nuveen High Yield Corporate Bond ETF (NHYB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	HYRM	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.40%	—
Current Drawdown Current decline from peak	—	-0.24%	—
Average Drawdown Average peak-to-trough decline	—	-0.34%	—

Volatility

Volatility by Period

	HYRM	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	3.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.55%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.55%	—

HYRM vs. NHYB - Expense Ratio Comparison

HYRM has a 0.30% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

HYRM vs. NHYB - Dividend Comparison

HYRM's dividend yield for the trailing twelve months is around 5.42%, more than NHYB's 4.82% yield.

Position	TTM	2025	2024	2023	2022
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	5.42%	6.28%	6.08%	5.78%	4.69%
NHYB Nuveen High Yield Corporate Bond ETF	4.82%	1.28%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYRM and NHYB in my portfolio?

HYRM and NHYB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYRM or NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYRM or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.30% for HYRM.

Which ETF pays a higher dividend yield, HYRM or NHYB?

HYRM has the higher dividend yield at 5.42%, compared with 4.82% for NHYB.

What is the main difference between HYRM and NHYB?

HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Xtrackers and Nuveen. Their fees differ too: 0.30% for HYRM and 0.08% for NHYB.