- ISIN
- US37960A2069
- CUSIP
- 37960A206
- Issuer
- Global X
- Inception Date
- Aug 25, 2021
- Region
- North America (U.S.)
- Category
- Derivative Income, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Risk Managed Income Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $50M
Share Price Chart
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Performance
XRMI Performance Chart
Global X S&P 500 Risk Managed Income ETF (XRMI) is up 1.0% since the beginning of the year. XRMI is currently trading at $17 per share.
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Returns By Period
Global X S&P 500 Risk Managed Income ETF (XRMI) has returned 1.04% so far this year and 8.79% over the past 12 months.
Global X S&P 500 Risk Managed Income ETF
- 1D
- -0.72%
- 1M
- 0.09%
- YTD
- 1.04%
- 6M
- 2.22%
- 1Y
- 8.79%
- 3Y*
- 6.45%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
XRMI Monthly Returns History
Based on dividend-adjusted daily data since Aug 26, 2021, XRMI's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jan 2023 with a return of +3.1%, while the worst month was Mar 2026 at -4.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, XRMI closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +2.6%, while the worst single day was Jun 16, 2022 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.26% | 0.32% | -4.04% | 2.90% | 1.33% | -0.59% | 1.04% | ||||||
| 2025 | 1.68% | -0.55% | -2.65% | -2.28% | 0.61% | 1.71% | 0.21% | 0.58% | 1.18% | 1.57% | 1.30% | 1.28% | 4.60% |
| 2024 | 1.91% | 1.43% | 1.79% | -1.62% | 0.38% | 1.88% | 0.63% | 2.40% | 0.81% | 0.04% | 2.75% | 1.91% | 15.18% |
| 2023 | 3.06% | -0.25% | -0.16% | 0.98% | 0.54% | 1.35% | 1.39% | -2.54% | -1.96% | -1.74% | 2.21% | 1.43% | 4.22% |
| 2022 | -3.47% | -2.19% | 2.92% | -2.67% | -2.10% | -3.65% | 2.56% | -2.90% | -3.47% | 1.05% | 0.78% | -1.60% | -14.06% |
| 2021 | 0.45% | -1.58% | 2.88% | -0.48% | 1.44% | 2.68% |
Benchmark Metrics
Global X S&P 500 Risk Managed Income ETF has an annualized alpha of -1.19%, beta of 0.32, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since August 27, 2021.
- This ETF participated in 47.64% of S&P 500 Index downside but only 29.81% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.32 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.19%
- Beta
- 0.32
- R²
- 0.62
- Upside Capture
- 29.81%
- Downside Capture
- 47.64%
Expense Ratio
XRMI has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XRMI ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X S&P 500 Risk Managed Income ETF (XRMI) and compare them to S&P 500 Index.
| XRMI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.69 | -0.92 |
| Martin ratioReturn relative to average drawdown | 7.17 | 12.34 | -5.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Global X S&P 500 Risk Managed Income ETF provided a 12.71% dividend yield over the last twelve months, with an annual payout of $2.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.18 | $2.21 | $2.29 | $2.39 | $2.63 | $0.78 |
Dividend yield | 12.71% | 12.35% | 11.86% | 12.62% | 12.84% | 2.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X S&P 500 Risk Managed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.18 | $0.18 | $0.17 | $0.19 | $0.18 | $0.00 | $0.90 | ||||||
| 2025 | $0.19 | $0.19 | $0.18 | $0.18 | $0.18 | $0.18 | $0.19 | $0.18 | $0.18 | $0.18 | $0.18 | $0.19 | $2.21 |
| 2024 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.20 | $0.20 | $2.29 |
| 2023 | $0.20 | $0.21 | $0.20 | $0.20 | $0.18 | $0.21 | $0.20 | $0.20 | $0.20 | $0.19 | $0.19 | $0.19 | $2.39 |
| 2022 | $0.20 | $0.20 | $0.25 | $0.25 | $0.19 | $0.23 | $0.24 | $0.23 | $0.22 | $0.21 | $0.21 | $0.21 | $2.63 |
| 2021 | $0.21 | $0.15 | $0.23 | $0.19 | $0.78 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X S&P 500 Risk Managed Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X S&P 500 Risk Managed Income ETF was 15.31%, occurring on Oct 14, 2022. Recovery took 518 trading sessions.
The current Global X S&P 500 Risk Managed Income ETF drawdown is 0.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.31%Oct 2022 | 9mo 18d | 2y 24d | 2y 10moDec 2021 - Nov 2024 |
2025 selloff2025 | -8.34%Apr 2025 | 1mo 29d | 7mo 7d | 9mo 6dFeb 2025 - Nov 2025 |
2026 pullback2026 | -5.02%Mar 2026 | 1mo 2d | 2mo 4d | 3mo 6dFeb 2026 - Jun 2026 |
2021 pullback2021 | -2.25%Oct 2021 | 18d | 11d | 29dSep 2021 - Oct 2021 |
2021 pullback2021 | -1.50%Dec 2021 | 8d | 7d | 15dNov 2021 - Dec 2021 |
Drawdown Indicators
| XRMI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -56.78% | +41.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -9.10% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.34% | -18.90% | +10.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.90% | -2.97% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -10.72% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.97% | -0.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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