PSWD vs. HYRM

Last updated Aug 2, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while HYRM is a High Yield Bonds fund tracking the Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net. Both are passively managed. Their 0.47 correlation means their historical movements had little consistent relationship. PSWD charges 0.20%/yr vs 0.30%/yr for HYRM.

Performance

PSWD vs. HYRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSWD

• 1D: 1.28%
• 1M: -1.30%
• 6M: 26.74%
• YTD: 26.31%
• 1Y: 20.73%
• 3Y*: 17.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.24%

HYRM

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSWD Xtrackers Cybersecurity Select Equity ETF	$62.12K	$66.88K	$71.33K

PSWD vs. HYRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	26.31%	1.69%	9.46%	18.58%
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	1.50%	5.98%	7.81%	6.16%

Correlation

The correlation between PSWD and HYRM is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.47

The correlation between PSWD and HYRM shifts across timeframes, from 0.37 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PSWD vs. HYRM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSWD

PSWD Risk / Return Rank: 27
PSWD Sharpe Ratio Rank: 28
PSWD Sortino Ratio Rank: 29
PSWD Omega Ratio Rank: 28
PSWD Calmar Ratio Rank: 26
PSWD Martin Ratio Rank: 23

HYRM

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSWD vs. HYRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM). 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.

	PSWD	HYRM	Difference
Sharpe ratio: Return per unit of total volatility	0.69	—	—
Sortino ratio: Return per unit of downside risk	1.09	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.79	—	—
Martin ratio: Return relative to average drawdown	1.78	—	—

Drawdowns

Drawdown Indicators

	PSWD	HYRM	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	—	—
Current Drawdown Current decline from peak	-6.86%	—	—
Average Drawdown Average peak-to-trough decline	-6.43%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	—	—

Volatility

Volatility by Period

	PSWD	HYRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.31%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.05%	—	—

PSWD vs. HYRM - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than HYRM's 0.30% expense ratio.

Dividends

PSWD vs. HYRM - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.62%, less than HYRM's 5.42% 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%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.62%	0.88%	1.49%	0.55%	0.00%

Frequently Asked Questions

Can I hold both PSWD and HYRM in my portfolio?

PSWD and HYRM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSWD or HYRM?

On fees, PSWD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSWD or HYRM?

PSWD is cheaper with a 0.20% expense ratio, compared with 0.30% for HYRM.

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

HYRM has the higher dividend yield at 4.89%, compared with 0.62% for PSWD.

What is the main difference between PSWD and HYRM?

PSWD is categorized as Technology Equities, while HYRM is High Yield Bonds. PSWD tracks Solactive Cyber Security ESG Screened Index, while HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net. Their fees differ too: 0.20% for PSWD and 0.30% for HYRM.