MRSK vs. XCLR

Last updated Aug 4, 2026

MRSK (Agility Shares Managed Risk ETF) and XCLR (Global X S&P 500 Collar 95-110 ETF) are both Equity Hedged funds. MRSK is actively managed, while XCLR is passively managed. Over the past 3 years, MRSK returned 11.11%/yr vs 13.18%/yr for XCLR. Their correlation of 0.86 means they have usually moved in the same direction. MRSK charges 0.99%/yr vs 0.25%/yr for XCLR.

Performance

MRSK vs. XCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Managed Risk ETF (MRSK) and Global X S&P 500 Collar 95-110 ETF (XCLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRSK achieves a 6.64% return, which is significantly higher than XCLR's 3.31% return.

MRSK

• 1D: 0.81%
• 1M: 1.48%
• 6M: 5.13%
• YTD: 6.64%
• 1Y: 17.03%
• 3Y*: 11.11%
• 5Y*: 7.63%
• 10Y*: —
• ALL TIME*: 11.15%

XCLR

• 1D: 1.30%
• 1M: 1.06%
• 6M: 1.84%
• YTD: 3.31%
• 1Y: 10.73%
• 3Y*: 13.18%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MRSK Agility Shares Managed Risk ETF	$835.57K	$1.53M	$1.06M
XCLR Global X S&P 500 Collar 95-110 ETF	$116.79K	$58.97K	$34.71K

MRSK vs. XCLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MRSK Agility Shares Managed Risk ETF	6.64%	11.93%	14.62%	13.29%	-11.86%	4.07%
XCLR Global X S&P 500 Collar 95-110 ETF	3.31%	10.25%	20.67%	15.64%	-12.93%	3.30%

Correlation

The correlation between MRSK and XCLR is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021	0.86

The correlation between MRSK and XCLR has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

MRSK vs. XCLR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MRSK

MRSK Risk / Return Rank: 64
MRSK Sharpe Ratio Rank: 65
MRSK Sortino Ratio Rank: 62
MRSK Omega Ratio Rank: 66
MRSK Calmar Ratio Rank: 59
MRSK Martin Ratio Rank: 67

XCLR

XCLR Risk / Return Rank: 45
XCLR Sharpe Ratio Rank: 49
XCLR Sortino Ratio Rank: 46
XCLR Omega Ratio Rank: 48
XCLR Calmar Ratio Rank: 37
XCLR Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MRSK vs. XCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Managed Risk ETF (MRSK) and Global X S&P 500 Collar 95-110 ETF (XCLR). 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.

	MRSK	XCLR	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.25	+0.32
Sortino ratio: Return per unit of downside risk	2.19	1.76	+0.44
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio: Return relative to maximum drawdown	2.19	1.30	+0.89
Martin ratio: Return relative to average drawdown	8.57	5.16	+3.41

MRSK vs. XCLR - Sharpe Ratio Comparison

The current MRSK Sharpe Ratio is 1.57, which is comparable to the XCLR Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of MRSK and XCLR, 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

MRSK vs. XCLR - Drawdown Comparison

The maximum MRSK drawdown since its inception was -14.70%, roughly equal to the maximum XCLR drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for MRSK and XCLR.

Drawdown Indicators

	MRSK	XCLR	Difference
Max Drawdown Largest peak-to-trough decline	-14.70%	-14.63%	-0.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-8.29%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	-12.22%	-12.46%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-14.70%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.51%	-4.57%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.09%	-0.10%

Volatility

MRSK vs. XCLR - Volatility Comparison

The current volatility for Agility Shares Managed Risk ETF (MRSK) is 1.93%, while Global X S&P 500 Collar 95-110 ETF (XCLR) has a volatility of 2.88%. This indicates that MRSK experiences smaller price fluctuations and is considered to be less risky than XCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRSK	XCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	2.88%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	8.09%	6.14%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	10.91%	8.64%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.78%	10.36%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.80%	10.36%	+1.44%

MRSK vs. XCLR - Expense Ratio Comparison

MRSK has a 0.99% expense ratio, which is higher than XCLR's 0.25% expense ratio.

Dividends

MRSK vs. XCLR - Dividend Comparison

MRSK's dividend yield for the trailing twelve months is around 0.35%, less than XCLR's 12.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MRSK Agility Shares Managed Risk ETF	0.35%	0.37%	0.44%	0.60%	1.11%	14.20%	4.29%
XCLR Global X S&P 500 Collar 95-110 ETF	12.71%	13.15%	18.76%	1.40%	1.01%	1.70%	0.00%

Frequently Asked Questions

Can I hold both MRSK and XCLR in my portfolio?

MRSK and XCLR have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRSK or XCLR?

XCLR has higher volatility (2.88%) compared to MRSK (1.93%). In terms of maximum drawdown, MRSK dropped -14.70% vs XCLR's -14.63%.

Which ETF is better, MRSK or XCLR?

On 3-year performance, XCLR leads with 13.18% vs 11.11% for MRSK. On fees, XCLR is cheaper at 0.25% per year. On volatility, MRSK has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRSK or XCLR?

Over the 3-year period, XCLR has performed better with a 13.18% return vs 11.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRSK or XCLR?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.99% for MRSK.

Which ETF pays a higher dividend yield, MRSK or XCLR?

XCLR has the higher dividend yield at 12.71%, compared with 0.35% for MRSK.

What is the main difference between MRSK and XCLR?

They also come from different issuers: Toews and Global X. Their fees differ too: 0.99% for MRSK and 0.25% for XCLR.

Which has better risk-adjusted returns?

MRSK currently has the higher Sharpe Ratio (1.57 vs 1.25), 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.