XHYG.DE vs. HYRM
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) are both exchange-traded funds - XHYG.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, 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, XHYG.DE returned 6.42%/yr vs 5.60%/yr for HYRM. At a 0.22 correlation, their price movements are largely independent. XHYG.DE charges 0.20%/yr vs 0.30%/yr for HYRM.
Performance
XHYG.DE vs. HYRM - Performance Comparison
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Different Trading Currencies
XHYG.DE is traded in EUR, while HYRM is traded in USD. To make them comparable, the HYRM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XHYG.DE achieves a 1.00% return, which is significantly lower than HYRM's 1.66% return.
XHYG.DE
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 1.00%
- 6M
- 1.35%
- 1Y
- 3.43%
- 3Y*
- 6.42%
- 5Y*
- 2.78%
- 10Y*
- 3.16%
HYRM
- 1D
- 0.22%
- 1M
- 0.22%
- YTD
- 1.66%
- 6M
- 1.21%
- 1Y
- 4.09%
- 3Y*
- 5.60%
- 5Y*
- —
- 10Y*
- —
XHYG.DE vs. HYRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | -6.19% |
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 1.66% | -6.60% | 14.93% | 8.62% | -0.83% |
Correlation
The correlation between XHYG.DE and HYRM is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.22 |
The correlation between XHYG.DE and HYRM shifts across timeframes, from 0.09 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XHYG.DE vs. HYRM — Risk / Return Rank
XHYG.DE
HYRM
XHYG.DE vs. HYRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) 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.
| XHYG.DE | HYRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.06 | +0.16 |
| Martin ratioReturn relative to average drawdown | 5.17 | 2.49 | +2.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHYG.DE | HYRM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.63 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.44 | 0.00 |
Drawdowns
XHYG.DE vs. HYRM - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, which is greater than HYRM's maximum drawdown of -12.54%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and HYRM.
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Drawdown Indicators
| XHYG.DE | HYRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -12.54% | -11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.59% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -12.54% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -6.95% | +6.84% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -4.66% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.81% | -1.14% |
Volatility
XHYG.DE vs. HYRM - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) have volatilities of 1.15% and 1.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHYG.DE | HYRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 4.49% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 7.20% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 8.87% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 8.87% | -1.70% |
XHYG.DE vs. HYRM - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is lower than HYRM's 0.30% expense ratio.
Dividends
XHYG.DE vs. HYRM - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, less than HYRM's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF | 5.92% | 6.28% | 6.08% | 5.78% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.48% | 3.95% | 3.70% | 5.75% | 2.27% | 3.54% | 5.11% | 3.71% | 1.25% |
Frequently Asked Questions
XHYG.DE and HYRM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for HYRM.
XHYG.DE is categorized as European High Yield Bonds, while HYRM is High Yield Bonds. XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net. Their fees differ too: 0.20% for XHYG.DE and 0.30% for HYRM.
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