HYRM vs. XHYE

Last updated Jun 3, 2026

HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) and XHYE (BondBloxx US High Yield Energy Sector ETF) are both High Yield Bonds funds - HYRM tracks the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net while XHYE tracks the ICE Diversified US Cash Pay High Yield Energy Index. Both are passively managed. Over the past 3 years, HYRM returned 7.86%/yr vs 8.50%/yr for XHYE. Their correlation of 0.82 suggests significant overlap in exposure. HYRM charges 0.30%/yr vs 0.35%/yr for XHYE.

Performance

HYRM vs. XHYE - 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 BondBloxx US High Yield Energy Sector ETF (XHYE). 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 XHYE's 3.57% return.

HYRM

• 1D: 0.04%
• 1M: 0.17%
• YTD: 1.50%
• 6M: 2.05%
• 1Y: 6.83%
• 3Y*: 7.86%
• 5Y*: —
• 10Y*: —

XHYE

• 1D: 0.00%
• 1M: -0.36%
• YTD: 3.57%
• 6M: 4.05%
• 1Y: 9.74%
• 3Y*: 8.50%
• 5Y*: —
• 10Y*: —

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

HYRM vs. XHYE - 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%	-6.93%
XHYE BondBloxx US High Yield Energy Sector ETF	3.57%	6.73%	7.46%	11.49%	-1.77%

Correlation

The correlation between HYRM and XHYE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.82

Over the past year, the correlation between HYRM and XHYE has dropped to 0.47 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

HYRM vs. XHYE - Sectors Allocation Comparison

Sectors	HYRM	XHYE
Financial Services	92.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	49.2%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	0.3%
Utilities	-	-

Return for Risk

HYRM vs. XHYE — Risk / Return Rank

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

HYRM

HYRM Risk / Return Rank: 65
HYRM Sharpe Ratio Rank: 57
HYRM Sortino Ratio Rank: 64
HYRM Omega Ratio Rank: 63
HYRM Calmar Ratio Rank: 66
HYRM Martin Ratio Rank: 74

XHYE

XHYE Risk / Return Rank: 94
XHYE Sharpe Ratio Rank: 90
XHYE Sortino Ratio Rank: 95
XHYE Omega Ratio Rank: 94
XHYE Calmar Ratio Rank: 95
XHYE Martin Ratio Rank: 94

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. XHYE - 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 BondBloxx US High Yield Energy Sector ETF (XHYE). 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	XHYE	Difference
Sharpe ratio Return per unit of total volatility	1.98	3.18	-1.20
Sortino ratio Return per unit of downside risk	3.00	5.13	-2.12
Omega ratio Gain probability vs. loss probability	1.39	1.69	-0.30
Calmar ratio Return relative to maximum drawdown	3.31	8.67	-5.36
Martin ratio Return relative to average drawdown	14.29	27.59	-13.30
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. XHYE - Sharpe Ratio Comparison

The current HYRM Sharpe Ratio is 1.98, which is lower than the XHYE Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of HYRM and XHYE, 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	XHYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	3.18	-1.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.84	-0.26

Drawdowns

HYRM vs. XHYE - Drawdown Comparison

The maximum HYRM drawdown since its inception was -12.42%, which is greater than XHYE's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for HYRM and XHYE.

Drawdown Indicators

	HYRM	XHYE	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-8.87%	-3.55%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-1.21%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-4.62%	-6.40%	+1.78%
Current Drawdown Current decline from peak	-0.05%	-0.36%	+0.31%
Average Drawdown Average peak-to-trough decline	-2.57%	-1.42%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.38%	+0.21%

Volatility

HYRM vs. XHYE - Volatility Comparison

Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) has a higher volatility of 1.05% compared to BondBloxx US High Yield Energy Sector ETF (XHYE) at 0.56%. This indicates that HYRM's price experiences larger fluctuations and is considered to be riskier than XHYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYRM	XHYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	0.56%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	1.98%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	3.24%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.87%	7.60%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.87%	7.60%	+0.27%

HYRM vs. XHYE - Expense Ratio Comparison

HYRM has a 0.30% expense ratio, which is lower than XHYE's 0.35% expense ratio.

Dividends

HYRM vs. XHYE - Dividend Comparison

HYRM's dividend yield for the trailing twelve months is around 5.92%, more than XHYE's 5.79% 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%
XHYE BondBloxx US High Yield Energy Sector ETF	5.79%	6.55%	7.04%	6.46%	5.46%

Frequently Asked Questions

Can I hold both HYRM and XHYE in my portfolio?

HYRM and XHYE have a correlation of 0.47, 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 XHYE?

HYRM has higher volatility (1.05%) compared to XHYE (0.56%). In terms of maximum drawdown, HYRM dropped -12.42% vs XHYE's -8.87%.

Which ETF is better, HYRM or XHYE?

On 3-year performance, XHYE leads with 8.50% vs 7.86% for HYRM. On fees, HYRM is cheaper at 0.30% per year. On volatility, XHYE has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYRM or XHYE?

Over the 3-year period, XHYE has performed better with a 8.50% 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 XHYE?

HYRM is cheaper with a 0.30% expense ratio, compared with 0.35% for XHYE.

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

HYRM has the higher dividend yield at 5.92%, compared with 5.79% for XHYE.

What is the main difference between HYRM and XHYE?

HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net, while XHYE tracks ICE Diversified US Cash Pay High Yield Energy Index. They also come from different issuers: Xtrackers and BondBloxx. Their fees differ too: 0.30% for HYRM and 0.35% for XHYE.

Which has better risk-adjusted returns?

XHYE currently has the higher Sharpe Ratio (3.18 vs 1.98), 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.