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 50 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% | 27.28M | Nov 2024 | XRMI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | XRMI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | XRMI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | XRMI vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.25B | Oct 2023 | XRMI vs GPIX |
Best Risk-Adjusted Alternatives to XRMI
XRMI has a PortfoliosLab risk / return rank of 48. There are 67 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | XRMI vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | XRMI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | XRMI vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | XRMI vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | XRMI vs TSMY |
Top Performing XRMI Alternatives (YTD)
XRMI is at 1.75% YTD. There are 139 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | XRMI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | XRMI vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | XRMI vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | XRMI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | XRMI vs MRNY |
Lowest Volatility Alternatives to XRMI
XRMI has 5.39% 1-year volatility. There are 5 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | XRMI vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | XRMI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | XRMI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | XRMI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | XRMI vs LQTI |
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 -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | XRMI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | XRMI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | XRMI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XRMI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | XRMI vs OMAH |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include SHLD, URA, AIQ and span 13 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X Defense Tech ETF | Aerospace & Defense | 15 | -2.28% | 7.99B | Sep 2023 | XRMI vs SHLD | |
| Global X Uranium ETF | Commodity Producers Equities | 34 | 17.93% | 7.06B | Nov 2010 | XRMI vs URA | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 81 | 35.98% | 10.85B | May 2018 | XRMI vs AIQ | |
| Global X Copper Miners ETF | Materials | 75 | 25.71% | 7.99B | Apr 2010 | XRMI vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 33 | 11.15% | 3.74B | Sep 2016 | XRMI vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 48 | 4.75% | 5.22B | Apr 2010 | XRMI vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 82 | 4.96% | 3.17B | Jun 2013 | XRMI vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 92 | 52.56% | 2.14B | Oct 2020 | XRMI vs DTCR | |
| Global X US Infrastructure Development ETF | Utilities Equities | 59 | 19.88% | 13.54B | Mar 2017 | XRMI vs PAVE | |
| Global X SuperDividend ETF | Global Equities, Dividend | 61 | 5.97% | 1.25B | Jun 2011 | XRMI vs SDIV |
Often Compared With XRMI
Investors most often compare XRMI with QRMI, XTR, AMZY. These 19 comparison targets span 9 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