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 52 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% | 27.32M | Nov 2024 | XRMI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | XRMI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | XRMI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | XRMI vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.27B | Oct 2023 | XRMI vs GPIX |
Best Risk-Adjusted Alternatives to XRMI
XRMI has a PortfoliosLab risk / return rank of 48. There are 73 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | XRMI vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | XRMI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | XRMI vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | XRMI vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | XRMI vs BUCK |
Top Performing XRMI Alternatives (YTD)
XRMI is at 1.66% YTD. There are 144 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | XRMI vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | XRMI vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | XRMI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | XRMI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | XRMI vs AMDY |
Lowest Volatility Alternatives to XRMI
XRMI has 5.52% 1-year volatility. There are 4 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | XRMI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | XRMI vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | XRMI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | XRMI vs LQTI | |
| SoFi Enhanced Yield ETF | 5.72% | 34.73M | Nov 2023 | XRMI vs THTA |
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% | 465.86M | Oct 2022 | XRMI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | XRMI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | 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 QYLD, SHLD, AIQ and span 12 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 84 | 7.89% | 8.44B | Dec 2013 | XRMI vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 11 | -6.53% | 7.43B | Sep 2023 | XRMI vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 58 | 24.56% | 11.08B | May 2018 | XRMI vs AIQ | |
| Global X Uranium ETF | Uranium | 19 | 6.67% | 6.64B | Nov 2010 | XRMI vs URA | |
| Global X Copper Miners ETF | Copper | 60 | 10.71% | 8.06B | Apr 2010 | XRMI vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 23 | 1.13% | 3.54B | Sep 2016 | XRMI vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 35 | -5.97% | 4.57B | Apr 2010 | XRMI vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 78 | 4.54% | 3.19B | Jun 2013 | XRMI vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 89 | 49.19% | 2.37B | Oct 2020 | XRMI vs DTCR | |
| Global X US Infrastructure Development ETF | Industrials Equities | 60 | 20.97% | 14.28B | Mar 2017 | XRMI vs PAVE |
Often Compared With XRMI
Investors most often compare XRMI with QRMI, XTR, AMZY. These 19 comparison targets span 8 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