HYRM vs. USCA

Last updated Jun 4, 2026

HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and USCA (Xtrackers MSCI USA Climate Action Equity ETF) are both exchange-traded funds - HYRM is a High Yield Bonds fund tracking the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while USCA is a Large Cap Blend Equities fund tracking the MSCI USA Climate Action Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, HYRM returned 7.86%/yr vs 20.69%/yr for USCA. A 0.62 correlation means they provide meaningful diversification when combined. HYRM charges 0.30%/yr vs 0.07%/yr for USCA.

Performance

HYRM vs. USCA - 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 Xtrackers MSCI USA Climate Action Equity ETF (USCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYRM achieves a 1.50% return, which is significantly lower than USCA's 7.05% return.

HYRM

• 1D: 0.04%
• 1M: 0.47%
• YTD: 1.50%
• 6M: 1.94%
• 1Y: 6.67%
• 3Y*: 7.86%
• 5Y*: —
• 10Y*: —

USCA

• 1D: -0.81%
• 1M: 4.36%
• YTD: 7.05%
• 6M: 7.01%
• 1Y: 20.94%
• 3Y*: 20.69%
• 5Y*: —
• 10Y*: —

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

HYRM vs. USCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	1.50%	5.98%	7.81%	8.09%
USCA Xtrackers MSCI USA Climate Action Equity ETF	7.05%	14.24%	27.24%	19.92%

Correlation

The correlation between HYRM and USCA is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023	0.62

The correlation between HYRM and USCA has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

HYRM vs. USCA - Sectors Allocation Comparison

Sectors	HYRM	USCA
Financial Services	92.7%	13.6%
Basic Materials	-	1.9%
Communication Services	-	12.7%
Consumer Cyclical	-	11.9%
Consumer Defensive	-	4.7%
Energy	-	3.5%
Healthcare	-	10.7%
Industrials	-	7.0%
Real Estate	-	2.3%
Technology	-	29.4%
Utilities	-	2.4%

Return for Risk

HYRM vs. USCA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYRM

HYRM Risk / Return Rank: 66
HYRM Sharpe Ratio Rank: 59
HYRM Sortino Ratio Rank: 65
HYRM Omega Ratio Rank: 65
HYRM Calmar Ratio Rank: 67
HYRM Martin Ratio Rank: 75

USCA

USCA Risk / Return Rank: 48
USCA Sharpe Ratio Rank: 50
USCA Sortino Ratio Rank: 49
USCA Omega Ratio Rank: 50
USCA Calmar Ratio Rank: 41
USCA Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYRM vs. USCA - 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 MSCI USA Climate Action Equity ETF (USCA). 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	USCA	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.74	+0.24
Sortino ratio: Return per unit of downside risk	3.00	2.42	+0.58
Omega ratio: Gain probability vs. loss probability	1.39	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	3.30	2.05	+1.24
Martin ratio: Return relative to average drawdown	14.20	8.13	+6.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYRM vs. USCA - Sharpe Ratio Comparison

The current HYRM Sharpe Ratio is 1.98, which is comparable to the USCA Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of HYRM and USCA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYRM	USCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.74	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.49	-0.91

Drawdowns

HYRM vs. USCA - Drawdown Comparison

The maximum HYRM drawdown since its inception was -12.42%, smaller than the maximum USCA drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for HYRM and USCA.

Drawdown Indicators

	HYRM	USCA	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-19.14%	+6.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-10.25%	+7.72%
Max Drawdown (3Y) Largest decline over 3 years	-4.62%	-19.14%	+14.52%
Current Drawdown Current decline from peak	-0.05%	-0.81%	+0.76%
Average Drawdown Average peak-to-trough decline	-2.57%	-2.16%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	2.58%	-1.99%

Volatility

HYRM vs. USCA - Volatility Comparison

The current volatility for Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) is 1.05%, while Xtrackers MSCI USA Climate Action Equity ETF (USCA) has a volatility of 2.85%. This indicates that HYRM experiences smaller price fluctuations and is considered to be less risky than USCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYRM	USCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	2.85%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	9.08%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	12.08%	-7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.87%	14.76%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.87%	14.76%	-6.89%

HYRM vs. USCA - Expense Ratio Comparison

HYRM has a 0.30% expense ratio, which is higher than USCA's 0.07% expense ratio.

Dividends

HYRM vs. USCA - Dividend Comparison

HYRM's dividend yield for the trailing twelve months is around 5.92%, more than USCA's 1.08% yield.

Position	TTM	2025	2024	2023	2022
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	5.92%	6.28%	6.08%	5.78%	4.69%
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.08%	1.14%	1.22%	1.15%	0.00%

Frequently Asked Questions

Can I hold both HYRM and USCA in my portfolio?

HYRM and USCA have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYRM or USCA?

USCA has higher volatility (2.85%) compared to HYRM (1.05%). In terms of maximum drawdown, HYRM dropped -12.42% vs USCA's -19.14%.

Which ETF is better, HYRM or USCA?

On 3-year performance, USCA leads with 20.69% vs 7.86% for HYRM. On fees, USCA is cheaper at 0.07% 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.

Which ETF has performed better, HYRM or USCA?

Over the 3-year period, USCA has performed better with a 20.69% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYRM or USCA?

USCA is cheaper with a 0.07% expense ratio, compared with 0.30% for HYRM.

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

HYRM has the higher dividend yield at 5.92%, compared with 1.08% for USCA.

What is the main difference between HYRM and USCA?

HYRM is categorized as High Yield Bonds, while USCA is Large Cap Blend Equities. HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross. Their fees differ too: 0.30% for HYRM and 0.07% for USCA.

Which has better risk-adjusted returns?

HYRM currently has the higher Sharpe Ratio (1.98 vs 1.74), 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.