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Xtrackers Risk Managed USD High Yield Strategy ETF

HYRM
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 08 2022
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
DWS
Volume (1m avg. daily)
$79,268
AUM
$43,185,291
Associated Index
Adaptive Wealth Strategies Risk Managed High Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
97.78%
HYUP
DBX ETF Trust - Xtrackers High Beta High Yield Bond ETF
2.22%
Invest with HYRM

What is HYRM?

Xtrackers Risk Managed USD High Yield Strategy ETF, seeks investment results that correspond generally to the performance, before fees and expenses, of the Adaptive Wealth Strategies Risk Managed High Yield Index. Underlying Index, which is designed to track the performance of the US dollar denominated high yield corporate bond market during normal market conditions, and the performance of a USD cash position accruing interest at the Effective Federal Funds Rate (the interest rate depository institutions such as banks charge each other for overnight loans to meet their reserve requirements) during periods of adverse market conditions.

ETFs related toHYRM

ETFs correlated to HYRM include HYLB, JNK, UJB

HYRM
DBX ETF Trust - Xtrackers Risk Managed USD High Yield Strategy ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with HYRM using Composer

FAQ

HYRM is a US Bonds ETF. Xtrackers Risk Managed USD High Yield Strategy ETF, seeks investment results that correspond generally to the performance, before fees and expenses, of the Adaptive Wealth Strategies Risk Managed High Yield Index. Underlying Index, which is designed to track the performance of the US dollar denominated high yield corporate bond market during normal market conditions, and the performance of a USD cash position accruing interest at the Effective Federal Funds Rate (the interest rate depository institutions such as banks charge each other for overnight loans to meet their reserve requirements) during periods of adverse market conditions.

HYRM tracks the Adaptive Wealth Strategies Risk Managed High Yield Index.

No, HYRM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYRM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYRM is 0.0009%. This is the percent change in the value of HYRM over the most recent 1-month period. The 3-month return on HYRM is 0.0112%. This is the percent change in the value of HYRM over the most recent 3-month period.

The standard deviation of HYRM for the past year is 0.0977%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYRM include GVI, BLV, and BSV.

ETFs correlated to HYRM include HYLB, JNK, and UJB.

ETFs that are inversely correlated to HYRM include SJB, HIBS, and SPXU.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.