HYRM vs. USNZ

Last updated Jul 12, 2026

HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and USNZ (Xtrackers Net Zero Pathway Paris Aligned US 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 USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. HYRM charges 0.30%/yr vs 0.10%/yr for USNZ.

Performance

HYRM vs. USNZ - 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 Net Zero Pathway Paris Aligned US Equity ETF (USNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYRM

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

USNZ

• 1D: 0.56%
• 1M: 2.49%
• 6M: 9.55%
• YTD: 11.12%
• 1Y: 22.80%
• 3Y*: 20.05%
• 5Y*: —
• 10Y*: —

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

HYRM vs. USNZ - 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%	1.57%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	11.12%	17.76%	21.96%	27.76%	0.80%

Correlation

The correlation between HYRM and USNZ is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.66

The correlation between HYRM and USNZ has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

Return for Risk

HYRM vs. USNZ — Risk / Return Rank

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

HYRM

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

USNZ

USNZ Risk / Return Rank: 58
USNZ Sharpe Ratio Rank: 62
USNZ Sortino Ratio Rank: 61
USNZ Omega Ratio Rank: 60
USNZ Calmar Ratio Rank: 50
USNZ Martin Ratio Rank: 59

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. USNZ - 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 Net Zero Pathway Paris Aligned US Equity ETF (USNZ). 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	USNZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.63	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.01	—
Martin ratio: Return relative to average drawdown	—	8.43	—

Drawdowns

Drawdown Indicators

	HYRM	USNZ	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.16%	—
Current Drawdown Current decline from peak	—	-0.49%	—
Average Drawdown Average peak-to-trough decline	—	-3.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.64%	—

Volatility

Volatility by Period

	HYRM	USNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.69%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.63%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.63%	—

HYRM vs. USNZ - Expense Ratio Comparison

HYRM has a 0.30% expense ratio, which is higher than USNZ's 0.10% expense ratio.

Dividends

HYRM vs. USNZ - Dividend Comparison

HYRM's dividend yield for the trailing twelve months is around 5.42%, more than USNZ's 0.95% 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%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.95%	1.02%	1.14%	1.19%	0.80%

Frequently Asked Questions

Can I hold both HYRM and USNZ in my portfolio?

HYRM and USNZ have a correlation of 0.60, 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 USNZ?

On fees, USNZ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYRM or USNZ?

USNZ is cheaper with a 0.10% expense ratio, compared with 0.30% for HYRM.

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

HYRM has the higher dividend yield at 5.42%, compared with 0.95% for USNZ.

What is the main difference between HYRM and USNZ?

HYRM is categorized as High Yield Bonds, while USNZ is Large Cap Blend Equities. HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. Their fees differ too: 0.30% for HYRM and 0.10% for USNZ.