NVDW vs. XRMI

Last updated Jun 24, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. NVDW is actively managed, while XRMI is passively managed. Over the past year, NVDW returned 40.81% vs 9.03% for XRMI. At a 0.43 correlation, their price movements are largely independent. NVDW charges 0.99%/yr vs 0.60%/yr for XRMI.

Performance

NVDW vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NVDA WeeklyPay ETF (NVDW) 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, NVDW achieves a 6.30% return, which is significantly higher than XRMI's 1.66% return.

NVDW

• 1D: -4.59%
• 1M: -8.60%
• YTD: 6.30%
• 6M: 4.41%
• 1Y: 40.81%
• 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)

NVDW vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	6.30%	33.44%
XRMI Global X S&P 500 Risk Managed Income ETF	1.66%	8.09%

Correlation

The correlation between NVDW and XRMI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.43

Return for Risk

NVDW vs. XRMI — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 29
NVDW Sharpe Ratio Rank: 28
NVDW Sortino Ratio Rank: 29
NVDW Omega Ratio Rank: 27
NVDW Calmar Ratio Rank: 33
NVDW Martin Ratio Rank: 28

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.

NVDW vs. XRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) 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.

	NVDW	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.65	-0.68
Sortino ratio: Return per unit of downside risk	1.52	2.30	-0.78
Omega ratio: Gain probability vs. loss probability	1.18	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.61	1.81	-0.20
Martin ratio: Return relative to average drawdown	3.72	7.28	-3.56

NVDW vs. XRMI - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.96, which is lower than the XRMI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of NVDW 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

NVDW vs. XRMI - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for NVDW and XRMI.

Drawdown Indicators

	NVDW	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-15.31%	-10.23%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-5.02%	-20.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-18.09%	-0.52%	-17.57%
Average Drawdown Average peak-to-trough decline	-8.50%	-5.87%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.01%	1.24%	+9.77%

Volatility

NVDW vs. XRMI - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 15.16% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 1.71%. This indicates that NVDW'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

	NVDW	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.16%	1.71%	+13.45%
Volatility (6M) Calculated over the trailing 6-month period	32.09%	4.44%	+27.65%
Volatility (1Y) Calculated over the trailing 1-year period	42.50%	5.52%	+36.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.02%	6.91%	+35.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.02%	6.91%	+35.11%

NVDW vs. XRMI - Expense Ratio Comparison

NVDW has a 0.99% expense ratio, which is higher than XRMI's 0.60% expense ratio.

Dividends

NVDW vs. XRMI - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 63.83%, more than XRMI's 12.73% yield.

Position	TTM	2025	2024	2023	2022	2021
NVDW Roundhill NVDA WeeklyPay ETF	63.83%	38.94%	0.00%	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 NVDW and XRMI in my portfolio?

NVDW and XRMI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDW or XRMI?

NVDW has higher volatility (15.16%) compared to XRMI (1.71%). In terms of maximum drawdown, NVDW dropped -25.54% vs XRMI's -15.31%.

Which ETF is better, NVDW or XRMI?

On 1-year performance, NVDW leads with 40.81% 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, NVDW or XRMI?

Over the 1-year period, NVDW has performed better with a 40.81% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or XRMI?

XRMI is cheaper with a 0.60% expense ratio, compared with 0.99% for NVDW.

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

NVDW has the higher dividend yield at 63.83%, compared with 12.73% for XRMI.

What is the main difference between NVDW and XRMI?

They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.99% for NVDW and 0.60% for XRMI.

Which has better risk-adjusted returns?

XRMI currently has the higher Sharpe Ratio (1.65 vs 0.96), 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.