- ISIN
- US37960A1079
- CUSIP
- 37960A107
- Issuer
- Global X
- Inception Date
- Aug 25, 2021
- Region
- North America (U.S.)
- Category
- Equity Hedged, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Tail Risk Index
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4M
Share Price Chart
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Performance
XTR Performance Chart
Global X S&P 500 Tail Risk ETF (XTR) is up 7.4% since the beginning of the year. XTR is currently trading at $28 per share.
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Returns By Period
Global X S&P 500 Tail Risk ETF (XTR) has returned 7.44% so far this year and 21.44% over the past 12 months.
Global X S&P 500 Tail Risk ETF
- 1D
- -0.42%
- 1M
- 0.04%
- YTD
- 7.44%
- 6M
- 7.03%
- 1Y
- 21.44%
- 3Y*
- 17.45%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
XTR Monthly Returns History
Based on dividend-adjusted daily data since Aug 26, 2021, XTR's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2026 with a return of +9.4%, while the worst month was Sep 2022 at -7.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, XTR closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +4.8%, while the worst single day was Sep 13, 2022 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.14% | -0.74% | -5.39% | 9.36% | 4.86% | -1.36% | 7.44% | ||||||
| 2025 | 2.38% | -1.47% | -5.64% | -0.73% | 5.40% | 4.39% | 1.79% | 1.87% | 3.51% | 2.10% | -0.16% | -0.08% | 13.66% |
| 2024 | 1.64% | 5.17% | 2.88% | -4.08% | 4.39% | 3.64% | 1.04% | 2.17% | 1.92% | -0.79% | 5.22% | -2.78% | 21.85% |
| 2023 | 5.25% | -2.32% | 2.33% | 1.21% | 0.38% | 6.33% | 2.67% | -1.51% | -4.42% | -2.17% | 8.08% | 4.34% | 21.16% |
| 2022 | -4.84% | -3.12% | 2.06% | -7.51% | -1.48% | -2.59% | 8.20% | -4.03% | -7.81% | 4.98% | 4.57% | -6.20% | -17.67% |
| 2021 | 0.96% | -4.25% | 5.27% | -0.61% | 3.08% | 4.25% |
Benchmark Metrics
Global X S&P 500 Tail Risk ETF has an annualized alpha of 0.72%, beta of 0.77, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since August 26, 2021.
- This ETF participated in 89.48% of S&P 500 Index downside but only 83.83% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.72%
- Beta
- 0.77
- R²
- 0.93
- Upside Capture
- 83.83%
- Downside Capture
- 89.48%
Expense Ratio
XTR has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
XTR ranks 57 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 Tail Risk ETF (XTR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XTR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.78 | -0.25 |
| Martin ratioReturn relative to average drawdown | 10.48 | 12.44 | -1.96 |
Dividends
Dividend History
Global X S&P 500 Tail Risk ETF provided a 16.59% dividend yield over the last twelve months, with an annual payout of $4.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $4.71 | $4.71 | $5.72 | $0.30 | $0.25 | $0.64 |
Dividend yield | 16.59% | 17.82% | 20.89% | 1.09% | 1.08% | 2.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X S&P 500 Tail Risk 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.61 | $4.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.55 | $5.72 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.25 |
| 2021 | $0.64 | $0.64 |
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 Tail Risk 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 Tail Risk ETF was 20.83%, occurring on Oct 14, 2022. Recovery took 316 trading sessions.
The current Global X S&P 500 Tail Risk ETF drawdown is 1.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -20.83%Oct 2022 | 9mo 18d | 1y 3mo | 2y 20dDec 2021 - Jan 2024 |
2025 selloff2025 | -14.35%Apr 2025 | 1mo 17d | 2mo 25d | 4mo 12dFeb 2025 - Jul 2025 |
2026 pullback2026 | -8.51%Mar 2026 | 1mo 25d | 18d | 2mo 13dFeb 2026 - Apr 2026 |
2024 pullback2024 | -7.14%Aug 2024 | 21d | 1mo 13d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -5.14%Apr 2024 | 18d | 26d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| XTR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.83% | -56.78% | +35.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -9.10% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -18.90% | +4.55% |
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 | -1.76% | -1.80% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -10.71% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.03% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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