HYRM vs. PSH
HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and PSH (PGIM Short Duration High Yield ETF) are both High Yield Bonds funds. HYRM is passively managed, while PSH is actively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. HYRM charges 0.30%/yr vs 0.45%/yr for PSH.
Performance
HYRM vs. PSH - Performance Comparison
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Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PSH
- 1D
- 0.08%
- 1M
- -0.06%
- 6M
- 2.09%
- YTD
- 2.49%
- 1Y
- 5.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.58M | $1.47M | $1.29M |
HYRM vs. PSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 1.50% | 5.98% | 7.81% | 0.73% |
PSH PGIM Short Duration High Yield ETF | 2.49% | 7.34% | 7.96% | 0.35% |
Correlation
The correlation between HYRM and PSH is 0.55, 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. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023 | 0.66 |
The correlation between HYRM and PSH shifts across timeframes, from 0.55 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYRM vs. PSH — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSH
HYRM vs. PSH - 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 PGIM Short Duration High Yield ETF (PSH). 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 | PSH | 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 | — | 3.69 | — |
| Martin ratioReturn relative to average drawdown | — | 10.93 | — |
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Drawdowns
HYRM vs. PSH - Drawdown Comparison
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Drawdown Indicators
| HYRM | PSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -3.06% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.42% | — |
Current DrawdownCurrent decline from peak | — | -0.16% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.26% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.48% | — |
Volatility
HYRM vs. PSH - Volatility Comparison
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Volatility by Period
| HYRM | PSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 2.95% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 3.20% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 3.20% | — |
HYRM vs. PSH - Expense Ratio Comparison
HYRM has a 0.30% expense ratio, which is lower than PSH's 0.45% expense ratio.
Dividends
HYRM vs. PSH - Dividend Comparison
HYRM's dividend yield for the trailing twelve months is around 5.42%, less than PSH's 7.09% 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% |
PSH PGIM Short Duration High Yield ETF | 6.47% | 6.62% | 8.35% | 0.00% | 0.00% |
Frequently Asked Questions
HYRM and PSH have a correlation of 0.55, 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 0.45% for PSH.
PSH has the higher dividend yield at 6.47%, compared with 4.89% for HYRM.
They also come from different issuers: Xtrackers and PGIM. Their fees differ too: 0.30% for HYRM and 0.45% for PSH.
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