USNZ vs. HYRM

Last updated Jun 5, 2026

USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) and HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) are both exchange-traded funds - USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, 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. Over the past 3 years, USNZ returned 21.46%/yr vs 7.86%/yr for HYRM. A 0.67 correlation means they provide meaningful diversification when combined. USNZ charges 0.10%/yr vs 0.30%/yr for HYRM.

Performance

USNZ vs. HYRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USNZ achieves a 11.25% return, which is significantly higher than HYRM's 1.50% return.

USNZ

• 1D: 0.30%
• 1M: 5.75%
• YTD: 11.25%
• 6M: 11.09%
• 1Y: 29.01%
• 3Y*: 21.46%
• 5Y*: —
• 10Y*: —

HYRM

• 1D: 0.04%
• 1M: 0.32%
• YTD: 1.50%
• 6M: 1.79%
• 1Y: 6.16%
• 3Y*: 7.86%
• 5Y*: —
• 10Y*: —

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

USNZ vs. HYRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	11.25%	17.76%	21.96%	27.76%	0.74%
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	1.50%	5.98%	7.81%	11.98%	2.62%

Correlation

The correlation between USNZ and HYRM is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022	0.67

The correlation between USNZ and HYRM has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

USNZ vs. HYRM - Sectors Allocation Comparison

Sectors	USNZ	HYRM
Technology	41.9%	-
Communication Services	13.4%	-
Healthcare	11.2%	-
Financial Services	10.5%	92.7%
Consumer Cyclical	10.5%	-
Industrials	3.5%	-
Consumer Defensive	3.4%	-
Real Estate	3.3%	-
Basic Materials	1.3%	-
Utilities	1.1%	-
Energy	0.0%	-

Return for Risk

USNZ vs. HYRM — Risk / Return Rank

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

USNZ

USNZ Risk / Return Rank: 65
USNZ Sharpe Ratio Rank: 69
USNZ Sortino Ratio Rank: 69
USNZ Omega Ratio Rank: 68
USNZ Calmar Ratio Rank: 54
USNZ Martin Ratio Rank: 65

HYRM

HYRM Risk / Return Rank: 67
HYRM Sharpe Ratio Rank: 60
HYRM Sortino Ratio Rank: 66
HYRM Omega Ratio Rank: 65
HYRM Calmar Ratio Rank: 67
HYRM Martin Ratio Rank: 75

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.

USNZ vs. HYRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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.

	USNZ	HYRM	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.98	+0.26
Sortino ratio: Return per unit of downside risk	3.10	3.00	+0.09
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	2.63	3.30	-0.66
Martin ratio: Return relative to average drawdown	11.60	14.20	-2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USNZ vs. HYRM - Sharpe Ratio Comparison

The current USNZ Sharpe Ratio is 2.24, which is comparable to the HYRM Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of USNZ and HYRM, 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

	USNZ	HYRM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.98	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.58	+0.64

Drawdowns

USNZ vs. HYRM - Drawdown Comparison

The maximum USNZ drawdown since its inception was -19.16%, which is greater than HYRM's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for USNZ and HYRM.

Drawdown Indicators

	USNZ	HYRM	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-12.42%	-6.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-2.53%	-8.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-4.62%	-14.54%
Current Drawdown Current decline from peak	-0.38%	-0.05%	-0.33%
Average Drawdown Average peak-to-trough decline	-3.31%	-2.57%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	0.59%	+1.92%

Volatility

USNZ vs. HYRM - Volatility Comparison

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) has a higher volatility of 3.30% compared to Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) at 1.05%. This indicates that USNZ's price experiences larger fluctuations and is considered to be riskier than HYRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USNZ	HYRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	1.05%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	10.13%	3.22%	+6.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	4.22%	+8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	7.87%	+8.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	7.87%	+8.75%

USNZ vs. HYRM - Expense Ratio Comparison

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

Dividends

USNZ vs. HYRM - Dividend Comparison

USNZ's dividend yield for the trailing twelve months is around 0.93%, less than HYRM's 5.92% 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%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.93%	1.02%	1.14%	1.19%	0.80%

Frequently Asked Questions

Can I hold both USNZ and HYRM in my portfolio?

USNZ and HYRM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNZ or HYRM?

USNZ has higher volatility (3.30%) compared to HYRM (1.05%). In terms of maximum drawdown, USNZ dropped -19.16% vs HYRM's -12.42%.

Which ETF is better, USNZ or HYRM?

On 3-year performance, USNZ leads with 21.46% vs 7.86% for HYRM. On fees, USNZ is cheaper at 0.10% 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, USNZ or HYRM?

Over the 3-year period, USNZ has performed better with a 21.46% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNZ or HYRM?

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

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

HYRM has the higher dividend yield at 5.92%, compared with 0.93% for USNZ.

What is the main difference between USNZ and HYRM?

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

Which has better risk-adjusted returns?

USNZ currently has the higher Sharpe Ratio (2.24 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.