XOEX vs. HYRM

Last updated Aug 4, 2026

XOEX (Xtrackers S&P 100 Ex Top 20 ETF) and HYRM (Xtrackers Risk Managed USD High Yield Strategy ETF) are both exchange-traded funds - XOEX is a Large Cap Blend Equities fund tracking the S&P 100 Ex-Top 20 Select 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 0.61 correlation means they have sometimes moved together and sometimes differently. XOEX charges 0.15%/yr vs 0.30%/yr for HYRM.

Performance

XOEX vs. HYRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 100 Ex Top 20 ETF (XOEX) and Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XOEX

• 1D: 0.65%
• 1M: -0.58%
• 6M: 9.06%
• YTD: 11.37%
• 1Y: 26.14%
• 3Y*: 16.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.60%

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)
XOEX Xtrackers S&P 100 Ex Top 20 ETF	$13.57M	$6.48M	$2.84M

XOEX vs. HYRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XOEX Xtrackers S&P 100 Ex Top 20 ETF	11.37%	18.97%	12.07%	15.99%	2.98%
HYRM Xtrackers Risk Managed USD High Yield Strategy ETF	1.50%	5.98%	7.81%	11.98%	1.96%

Correlation

The correlation between XOEX and HYRM is 0.55, 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.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	0.61

The correlation between XOEX and HYRM has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

Return for Risk

XOEX vs. HYRM — Risk / Return Rank

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

XOEX

XOEX Risk / Return Rank: 88
XOEX Sharpe Ratio Rank: 89
XOEX Sortino Ratio Rank: 89
XOEX Omega Ratio Rank: 88
XOEX Calmar Ratio Rank: 86
XOEX Martin Ratio Rank: 88

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.

XOEX vs. HYRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) 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.

	XOEX	HYRM	Difference
Sharpe ratio: Return per unit of total volatility	2.32	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.59	—	—
Martin ratio: Return relative to average drawdown	14.03	—	—

Drawdowns

Drawdown Indicators

	XOEX	HYRM	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Current Drawdown Current decline from peak	-0.72%	—	—
Average Drawdown Average peak-to-trough decline	-2.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	—	—

Volatility

Volatility by Period

	XOEX	HYRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	—	—

XOEX vs. HYRM - Expense Ratio Comparison

XOEX has a 0.15% expense ratio, which is lower than HYRM's 0.30% expense ratio.

Dividends

XOEX vs. HYRM - Dividend Comparison

XOEX's dividend yield for the trailing twelve months is around 1.45%, less than HYRM's 4.89% 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%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.45%	1.95%	2.09%	1.72%	0.42%

Frequently Asked Questions

Can I hold both XOEX and HYRM in my portfolio?

XOEX and HYRM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEX or HYRM?

On fees, XOEX is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOEX or HYRM?

XOEX is cheaper with a 0.15% expense ratio, compared with 0.30% for HYRM.

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

HYRM has the higher dividend yield at 4.89%, compared with 1.45% for XOEX.

What is the main difference between XOEX and HYRM?

XOEX is categorized as Large Cap Blend Equities, while HYRM is High Yield Bonds. XOEX tracks S&P 100 Ex-Top 20 Select Index, while HYRM tracks Adaptive Wealth Strategies Risk Managed High Yield Index - USD - US Dollar - Benchmark TR Net. Their fees differ too: 0.15% for XOEX and 0.30% for HYRM.