IQQQ vs. XRMI
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and Global X S&P 500 Risk Managed Income ETF (XRMI).
IQQQ and XRMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021. Both IQQQ and XRMI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IQQQ vs. XRMI - Performance Comparison
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IQQQ vs. XRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | -4.33% | 17.11% | 13.39% |
XRMI Global X S&P 500 Risk Managed Income ETF | -2.13% | 4.60% | 10.12% |
Returns By Period
In the year-to-date period, IQQQ achieves a -4.33% return, which is significantly lower than XRMI's -2.13% return.
IQQQ
- 1D
- 1.09%
- 1M
- -4.09%
- YTD
- -4.33%
- 6M
- -2.69%
- 1Y
- 19.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRMI
- 1D
- 0.41%
- 1M
- -3.63%
- YTD
- -2.13%
- 6M
- 1.59%
- 1Y
- 4.23%
- 3Y*
- 6.19%
- 5Y*
- —
- 10Y*
- —
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IQQQ vs. XRMI - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is lower than XRMI's 0.60% expense ratio.
Return for Risk
IQQQ vs. XRMI — Risk / Return Rank
IQQQ
XRMI
IQQQ vs. XRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
| IQQQ | XRMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.62 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.89 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.80 | +1.01 |
Martin ratioReturn relative to average drawdown | 5.67 | 2.72 | +2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQQQ | XRMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.62 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.26 | +0.41 |
Correlation
The correlation between IQQQ and XRMI is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IQQQ vs. XRMI - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 8.71%, less than XRMI's 12.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 8.71% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% |
XRMI Global X S&P 500 Risk Managed Income ETF | 12.78% | 12.35% | 11.86% | 12.62% | 12.84% | 2.93% |
Drawdowns
IQQQ vs. XRMI - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for IQQQ and XRMI.
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Drawdown Indicators
| IQQQ | XRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -15.31% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -5.02% | -6.61% |
Current DrawdownCurrent decline from peak | -7.79% | -3.86% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -6.10% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.47% | +2.24% |
Volatility
IQQQ vs. XRMI - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 6.20% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 2.68%. This indicates that IQQQ'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.
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Volatility by Period
| IQQQ | XRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 2.68% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 4.51% | +8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 6.88% | +12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 6.99% | +11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 6.99% | +11.88% |