BITK vs. XRMI
BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. BITK is actively managed, while XRMI is passively managed. At a 0.41 correlation, their price movements are largely independent. BITK charges 0.99%/yr vs 0.60%/yr for XRMI.
Performance
BITK vs. XRMI - Performance Comparison
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Returns By Period
In the year-to-date period, BITK achieves a -30.37% return, which is significantly lower than XRMI's 3.38% return.
BITK
- 1D
- 0.94%
- 1M
- 0.30%
- 6M
- -32.49%
- YTD
- -30.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRMI
- 1D
- 0.26%
- 1M
- 2.20%
- 6M
- 2.75%
- YTD
- 3.38%
- 1Y
- 9.81%
- 3Y*
- 7.10%
- 5Y*
- —
- 10Y*
- —
BITK vs. XRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -30.37% | -27.15% |
XRMI Global X S&P 500 Risk Managed Income ETF | 3.38% | 4.54% |
Correlation
The correlation between BITK and XRMI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.41 |
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Return for Risk
BITK vs. XRMI — Risk / Return Rank
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XRMI
BITK vs. XRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and Global X S&P 500 Risk Managed Income ETF (XRMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BITK | XRMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.96 | — |
| Martin ratioReturn relative to average drawdown | — | 7.89 | — |
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Drawdowns
BITK vs. XRMI - Drawdown Comparison
The maximum BITK drawdown since its inception was -57.48%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for BITK and XRMI.
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Drawdown Indicators
| BITK | XRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -15.31% | -42.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.34% | — |
Current DrawdownCurrent decline from peak | -53.75% | 0.00% | -53.75% |
Average DrawdownAverage peak-to-trough decline | -37.19% | -5.82% | -31.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.24% | — |
Volatility
BITK vs. XRMI - Volatility Comparison
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Volatility by Period
| BITK | XRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 48.64% | 5.55% | +43.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.64% | 6.88% | +41.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.64% | 6.88% | +41.76% |
BITK vs. XRMI - Expense Ratio Comparison
BITK has a 0.99% expense ratio, which is higher than XRMI's 0.60% expense ratio.
Dividends
BITK vs. XRMI - Dividend Comparison
BITK's dividend yield for the trailing twelve months is around 49.49%, more than XRMI's 12.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 49.49% | 23.15% | 0.00% | 0.00% | 0.00% | 0.00% |
XRMI Global X S&P 500 Risk Managed Income ETF | 12.51% | 12.35% | 11.86% | 12.62% | 12.84% | 2.93% |
Frequently Asked Questions
BITK and XRMI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRMI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRMI is cheaper with a 0.60% expense ratio, compared with 0.99% for BITK.
BITK has the higher dividend yield at 49.49%, compared with 12.51% for XRMI.
They also come from different issuers: Tuttle Capital Management and Global X. Their fees differ too: 0.99% for BITK and 0.60% for XRMI.
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