ODTE vs. XRMI

Last updated Jul 3, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. ODTE is actively managed, while XRMI is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.60%/yr for XRMI.

Performance

ODTE vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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

ODTE

• 1D: -0.88%
• 1M: -2.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRMI

• 1D: -0.02%
• 1M: 0.56%
• 6M: 2.52%
• YTD: 2.52%
• 1Y: 9.01%
• 3Y*: 6.78%
• 5Y*: —
• 10Y*: —

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

ODTE vs. XRMI - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	11.25%
XRMI Global X S&P 500 Risk Managed Income ETF	4.75%

Correlation

The correlation between ODTE and XRMI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.61

Return for Risk

ODTE vs. XRMI — Risk / Return Rank

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

ODTE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XRMI

XRMI Risk / Return Rank: 54
XRMI Sharpe Ratio Rank: 58
XRMI Sortino Ratio Rank: 58
XRMI Omega Ratio Rank: 62
XRMI Calmar Ratio Rank: 42
XRMI 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.

ODTE vs. XRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.

	ODTE	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	1.80	—
Martin ratio: Return relative to average drawdown	—	7.26	—

Drawdowns

ODTE vs. XRMI - Drawdown Comparison

The maximum ODTE drawdown since its inception was -4.67%, smaller than the maximum XRMI drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for ODTE and XRMI.

Drawdown Indicators

	ODTE	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-4.67%	-15.31%	+10.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-2.97%	-0.02%	-2.95%
Average Drawdown Average peak-to-trough decline	-1.06%	-5.84%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.24%	—

Volatility

Volatility by Period

	ODTE	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	5.51%	+10.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	6.89%	+8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	6.89%	+8.62%

ODTE vs. XRMI - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is higher than XRMI's 0.60% expense ratio.

Dividends

ODTE vs. XRMI - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 3.27%, less than XRMI's 12.62% yield.

Position	TTM	2025	2024	2023	2022	2021
ODTE VegaShares SPX NDX RTY Premium Income ETF	3.27%	0.00%	0.00%	0.00%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.62%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both ODTE and XRMI in my portfolio?

ODTE and XRMI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODTE or XRMI?

On fees, XRMI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODTE or XRMI?

XRMI is cheaper with a 0.60% expense ratio, compared with 0.76% for ODTE.

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

XRMI has the higher dividend yield at 12.62%, compared with 3.27% for ODTE.

What is the main difference between ODTE and XRMI?

They also come from different issuers: VegaShares and Global X. Their fees differ too: 0.76% for ODTE and 0.60% for XRMI.