EIPI vs. XRMI

Last updated Jun 24, 2026

EIPI (FT Energy Income Partners Enhanced Income ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. EIPI is actively managed, while XRMI is passively managed. Over the past year, EIPI returned 21.10% vs 9.03% for XRMI. At a 0.17 correlation, their price movements are largely independent. EIPI charges 1.11%/yr vs 0.60%/yr for XRMI.

Performance

EIPI vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Enhanced Income ETF (EIPI) and Global X S&P 500 Risk Managed Income ETF (XRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIPI achieves a 14.45% return, which is significantly higher than XRMI's 1.66% return.

EIPI

• 1D: 1.28%
• 1M: -2.69%
• YTD: 14.45%
• 6M: 15.14%
• 1Y: 21.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRMI

• 1D: -0.52%
• 1M: 0.39%
• YTD: 1.66%
• 6M: 1.20%
• 1Y: 9.03%
• 3Y*: 6.90%
• 5Y*: —
• 10Y*: —

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

EIPI vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	14.45%	12.38%	13.14%
XRMI Global X S&P 500 Risk Managed Income ETF	1.66%	4.60%	10.55%

Correlation

The correlation between EIPI and XRMI is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.17

EIPI vs. XRMI - Sectors Allocation Comparison

Sectors	EIPI	XRMI
Energy	63.2%	3.1%
Utilities	31.3%	2.7%
Industrials	4.9%	7.9%
Basic Materials	0.7%	1.7%
Communication Services	-	10.3%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	4.6%
Financial Services	-	11.6%
Healthcare	-	8.5%
Real Estate	-	1.8%
Technology	-	39.5%

Return for Risk

EIPI vs. XRMI — Risk / Return Rank

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

EIPI

EIPI Risk / Return Rank: 76
EIPI Sharpe Ratio Rank: 73
EIPI Sortino Ratio Rank: 78
EIPI Omega Ratio Rank: 66
EIPI Calmar Ratio Rank: 85
EIPI Martin Ratio Rank: 78

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 51
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 54
XRMI Calmar Ratio Rank: 38
XRMI Martin Ratio Rank: 46

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.

EIPI vs. XRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Enhanced Income ETF (EIPI) 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.

	EIPI	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.65	+0.54
Sortino ratio: Return per unit of downside risk	3.22	2.30	+0.92
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	4.44	1.81	+2.63
Martin ratio: Return relative to average drawdown	14.04	7.28	+6.76

EIPI vs. XRMI - Sharpe Ratio Comparison

The current EIPI Sharpe Ratio is 2.19, which is higher than the XRMI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of EIPI and XRMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIPI vs. XRMI - Drawdown Comparison

The maximum EIPI drawdown since its inception was -12.33%, smaller than the maximum XRMI drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for EIPI and XRMI.

Drawdown Indicators

	EIPI	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-12.33%	-15.31%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-5.02%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-2.70%	-0.52%	-2.18%
Average Drawdown Average peak-to-trough decline	-1.70%	-5.87%	+4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.24%	+0.27%

Volatility

EIPI vs. XRMI - Volatility Comparison

FT Energy Income Partners Enhanced Income ETF (EIPI) has a higher volatility of 3.51% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 1.71%. This indicates that EIPI's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIPI	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	1.71%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	4.44%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	5.52%	+4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	6.91%	+6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.03%	6.91%	+6.12%

EIPI vs. XRMI - Expense Ratio Comparison

EIPI has a 1.11% expense ratio, which is higher than XRMI's 0.60% expense ratio.

Dividends

EIPI vs. XRMI - Dividend Comparison

EIPI's dividend yield for the trailing twelve months is around 6.79%, less than XRMI's 12.73% yield.

Position	TTM	2025	2024	2023	2022	2021
EIPI FT Energy Income Partners Enhanced Income ETF	6.79%	9.71%	6.31%	0.00%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.73%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both EIPI and XRMI in my portfolio?

EIPI and XRMI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIPI or XRMI?

EIPI has higher volatility (3.51%) compared to XRMI (1.71%). In terms of maximum drawdown, EIPI dropped -12.33% vs XRMI's -15.31%.

Which ETF is better, EIPI or XRMI?

On 1-year performance, EIPI leads with 21.10% vs 9.03% for XRMI. On fees, XRMI is cheaper at 0.60% per year. On volatility, XRMI has been the lower-risk option at 1.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIPI or XRMI?

Over the 1-year period, EIPI has performed better with a 21.10% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIPI or XRMI?

XRMI is cheaper with a 0.60% expense ratio, compared with 1.11% for EIPI.

Which ETF pays a higher dividend yield, EIPI or XRMI?

XRMI has the higher dividend yield at 12.73%, compared with 6.79% for EIPI.

What is the main difference between EIPI and XRMI?

They also come from different issuers: First Trust and Global X. Their fees differ too: 1.11% for EIPI and 0.60% for XRMI.

Which has better risk-adjusted returns?

EIPI currently has the higher Sharpe Ratio (2.19 vs 1.65), 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.