HYRM vs. PHYD
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and PHYD (Putnam ESG High Yield ETF -) are both High Yield Bonds funds. HYRM is passively managed, while PHYD is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. HYRM charges 0.30%/yr vs 0.55%/yr for PHYD.
Performance
HYRM vs. PHYD - Performance Comparison
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Returns By Period
HYRM
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PHYD
- 1D
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- 1M
- —
- 6M
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- YTD
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- 1Y
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- 3Y*
- —
- 5Y*
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- 10Y*
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HYRM vs. PHYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 1.50% | 5.98% | 7.81% | 8.40% |
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
Correlation
The correlation between HYRM and PHYD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.77 |
The correlation between HYRM and PHYD has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
HYRM vs. PHYD - 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 Putnam ESG High Yield ETF - (PHYD). 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.
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Drawdowns
HYRM vs. PHYD - Drawdown Comparison
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Volatility
HYRM vs. PHYD - Volatility Comparison
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HYRM vs. PHYD - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than PHYD's 0.55% expense ratio.
Dividends
HYRM vs. PHYD - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, while PHYD has not paid dividends to shareholders.
| 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% |
PHYD Putnam ESG High Yield ETF - | 8.52% | 6.63% | 6.80% | 6.15% | 0.00% |
Frequently Asked Questions
HYRM and PHYD have a correlation of 0.75, 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 0.55% for PHYD.
PHYD has the higher dividend yield at 8.52%, compared with 5.42% for HYRM.
They also come from different issuers: Xtrackers and Putnam. Their fees differ too: 0.30% for HYRM and 0.55% for PHYD.
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