Snapshot*
Top 10 Holdings
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
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.
Automated Strategies
Related toHYRM
Smarter Dividends
Buy the Dips: Nasdaq 100
Create your own algorithmic trading strategy with HYRM using Composer
News Related to HYRM
Alpha Buying: The Magic of Stock Buybacks - Five Companies That Could Reward Patient Investors
Mar 6, 2025 • by Tim Melvin
Wall Street Retreats As Inflation Worries Mount, 5 ETFs That Stood Strong Last Week
Feb 24, 2025 • by Chandrima Sanyal
Benzinga Bulls And Bears: SMCI, Jet.AI, Palantir, OXY And Wall Street Retreats From Record Highs
Feb 22, 2025 • by Benzinga Senior Editor
Citizens Capital Markets Reiterates Market Perform on Dropboxto Market Perform
Feb 21, 2025 • by Benzinga NewsdeskFAQ
Disclaimers
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.