DJIA vs. QRMI

Last updated Jun 5, 2026

DJIA (Global X Dow 30 Covered Call ETF) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both exchange-traded funds - DJIA is a Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index, while QRMI is a Nasdaq-100 fund actively managed by Global X. DJIA is passively managed, while QRMI is actively managed. Over the past 3 years, DJIA returned 10.45%/yr vs 7.03%/yr for QRMI. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

DJIA vs. QRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJIA achieves a 3.46% return, which is significantly higher than QRMI's 2.50% return.

DJIA

• 1D: 0.00%
• 1M: 3.03%
• YTD: 3.46%
• 6M: 3.90%
• 1Y: 14.27%
• 3Y*: 10.45%
• 5Y*: —
• 10Y*: —

QRMI

• 1D: -0.10%
• 1M: 1.55%
• YTD: 2.50%
• 6M: 3.76%
• 1Y: 9.82%
• 3Y*: 7.03%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DJIA vs. QRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DJIA Global X Dow 30 Covered Call ETF	3.46%	9.11%	14.52%	9.15%	-2.80%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.50%	3.76%	14.72%	11.73%	-10.86%

Correlation

The correlation between DJIA and QRMI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.53

The correlation between DJIA and QRMI has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.

DJIA vs. QRMI - Sectors Allocation Comparison

Sectors	DJIA	QRMI
Financial Services	27.2%	0.2%
Industrials	18.4%	2.8%
Technology	17.1%	53.8%
Healthcare	13.1%	4.2%
Consumer Cyclical	11.6%	12.2%
Consumer Defensive	4.4%	7.7%
Basic Materials	4.0%	1.1%
Energy	2.4%	0.6%
Communication Services	1.9%	15.8%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

DJIA vs. QRMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DJIA

DJIA Risk / Return Rank: 52
DJIA Sharpe Ratio Rank: 55
DJIA Sortino Ratio Rank: 56
DJIA Omega Ratio Rank: 65
DJIA Calmar Ratio Rank: 40
DJIA Martin Ratio Rank: 45

QRMI

QRMI Risk / Return Rank: 50
QRMI Sharpe Ratio Rank: 51
QRMI Sortino Ratio Rank: 48
QRMI Omega Ratio Rank: 58
QRMI Calmar Ratio Rank: 40
QRMI Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DJIA vs. QRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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.

	DJIA	QRMI	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.72	+0.13
Sortino ratio: Return per unit of downside risk	2.62	2.33	+0.30
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.04
Calmar ratio: Return relative to maximum drawdown	1.95	1.96	-0.01
Martin ratio: Return relative to average drawdown	7.25	8.60	-1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJIA vs. QRMI - Sharpe Ratio Comparison

The current DJIA Sharpe Ratio is 1.85, which is comparable to the QRMI Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of DJIA and QRMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DJIA	QRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	1.72	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.22	+0.47

Drawdowns

DJIA vs. QRMI - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for DJIA and QRMI.

Drawdown Indicators

	DJIA	QRMI	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-20.95%	+4.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-5.04%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-8.43%	-3.66%
Current Drawdown Current decline from peak	-0.13%	-0.10%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.59%	-7.98%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.14%	+0.83%

Volatility

DJIA vs. QRMI - Volatility Comparison

Global X Dow 30 Covered Call ETF (DJIA) has a higher volatility of 1.66% compared to Global X NASDAQ 100 Risk Managed Income ETF (QRMI) at 0.67%. This indicates that DJIA's price experiences larger fluctuations and is considered to be riskier than QRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJIA	QRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	0.67%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	6.24%	4.43%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	7.74%	5.72%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	8.33%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.19%	8.33%	+2.86%

DJIA vs. QRMI - Expense Ratio Comparison

Both DJIA and QRMI have an expense ratio of 0.60%.

Dividends

DJIA vs. QRMI - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 10.82%, less than QRMI's 12.20% yield.

Position	TTM	2025	2024	2023	2022	2021
DJIA Global X Dow 30 Covered Call ETF	10.82%	10.60%	11.44%	7.16%	9.18%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.20%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both DJIA and QRMI in my portfolio?

DJIA and QRMI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJIA or QRMI?

DJIA has higher volatility (1.66%) compared to QRMI (0.67%). In terms of maximum drawdown, DJIA dropped -16.91% vs QRMI's -20.95%.

Which ETF is better, DJIA or QRMI?

On 3-year performance, DJIA leads with 10.45% vs 7.03% for QRMI. Both ETFs have the same 0.60% expense ratio. On volatility, QRMI has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJIA or QRMI?

Over the 3-year period, DJIA has performed better with a 10.45% return vs 7.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJIA or QRMI?

DJIA and QRMI have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, DJIA or QRMI?

QRMI has the higher dividend yield at 12.20%, compared with 10.82% for DJIA.

What is the main difference between DJIA and QRMI?

DJIA is categorized as Derivative Income, while QRMI is Nasdaq-100.

Which has better risk-adjusted returns?

DJIA currently has the higher Sharpe Ratio (1.85 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.