HYRM vs. USNZ
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. Their 0.65 correlation means they have sometimes moved together and sometimes differently. HYRM charges 0.30%/yr vs 0.10%/yr for USNZ.
Performance
HYRM vs. USNZ - Performance Comparison
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Returns By Period
HYRM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USNZ
- 1D
- 0.82%
- 1M
- 0.46%
- 6M
- 9.35%
- YTD
- 9.83%
- 1Y
- 21.38%
- 3Y*
- 18.33%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.66K | $19.08K | $204.85K |
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 | 9.83% | 17.76% | 21.96% | 27.76% | 0.80% |
Correlation
The correlation between HYRM and USNZ is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.65 |
The correlation between HYRM and USNZ has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
HYRM vs. USNZ — Risk / Return Rank
HYRM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USNZ
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 7.42 | — |
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Drawdowns
HYRM vs. USNZ - Drawdown Comparison
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Drawdown Indicators
| HYRM | USNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | — | -1.65% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.27% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.70% | — |
Volatility
HYRM vs. USNZ - Volatility Comparison
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Volatility by Period
| HYRM | USNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 14.11% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 16.60% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 16.60% | — |
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 0.96% 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% |
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 0.96% | 1.02% | 1.14% | 1.19% | 0.80% |
Frequently Asked Questions
HYRM and USNZ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
USNZ is cheaper with a 0.10% expense ratio, compared with 0.30% for HYRM.
HYRM has the higher dividend yield at 4.89%, compared with 0.96% for 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.
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