Global X S&P 500 Risk Managed Income ETF (XRMI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XRMI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XRMI
XRMI charges 0.60% annually. There are 55 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | XRMI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | XRMI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | XRMI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | XRMI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | XRMI vs QQA |
Best Risk-Adjusted Alternatives to XRMI
XRMI has a PortfoliosLab risk / return rank of 71. There are 50 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | XRMI vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 489.70M | Oct 2022 | XRMI vs BUCK | |
| Global X S&P 500 Covered Call ETF | 93 | 3.24B | Jun 2013 | XRMI vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | XRMI vs PBP | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | XRMI vs RYLD |
Top Performing XRMI Alternatives (YTD)
XRMI is at 3.64% YTD. There are 149 ETFs in the Derivative Income category with higher YTD returns, going as high as 146.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 146.74% | 114.09M | Jul 2025 | XRMI vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 134.95% | 22.04M | Oct 2025 | XRMI vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 87.43% | 382.78M | Sep 2023 | XRMI vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 60.69% | 106.87M | Oct 2023 | XRMI vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 58.34% | 64.01M | Dec 2024 | XRMI vs SOXY |
Lowest Volatility Alternatives to XRMI
XRMI has 5.68% 1-year volatility. There are 7 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.59% | 489.70M | Oct 2022 | XRMI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.92% | 112.06M | Aug 2022 | XRMI vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | XRMI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | XRMI vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.30B | Dec 2015 | XRMI vs BUYW |
Lowest Drawdown Alternatives to XRMI
XRMI has a 1-year max drawdown of -5.02%. There are 11 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | XRMI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | XRMI vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | XRMI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | XRMI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XRMI vs THTA |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 15 categories. AUM among these funds goes as high as $15B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 83 | 7.67% | 8.09B | Dec 2013 | XRMI vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 14 | -2.06% | 7.00B | Sep 2023 | XRMI vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Artificial Intelligence, Technology Equities | 45 | 15.79% | 10.34B | May 2018 | XRMI vs AIQ | |
| Global X Uranium ETF | Uranium | 14 | -8.57% | 5.45B | Nov 2010 | XRMI vs URA | |
| Global X Copper Miners ETF | Copper | 76 | 10.22% | 7.34B | Apr 2010 | XRMI vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Artificial Intelligence, Robotics, Technology Equities | 16 | -2.74% | 3.31B | Sep 2016 | XRMI vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 41 | -11.58% | 3.96B | Apr 2010 | XRMI vs SIL | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 74 | 30.53% | 2.30B | Oct 2020 | XRMI vs DTCR | |
| Global X US Infrastructure Development ETF | Infrastructure Equities, Industrials Equities | 52 | 18.14% | 14.54B | Mar 2017 | XRMI vs PAVE | |
| Global X SuperDividend ETF | Global Equities, Dividend | 63 | 8.19% | 1.21B | Jun 2011 | XRMI vs SDIV |
Often Compared With XRMI
Investors most often compare XRMI with QRMI, XTR, AMZY. These 19 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare XRMI with Any Fund or Stock
Compare XRMI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XRMI with funds that move differently
Global X S&P 500 Risk Managed Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XRMI.
Explore XRMI Diversifiers