QBUF vs. QRMI

Last updated Aug 4, 2026

QBUF (Innovator Nasdaq-100 10 Buffer ETF - Quarterly) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both Nasdaq-100 funds. QBUF is passively managed, while QRMI is actively managed. Over the past year, QBUF returned 9.46% vs 8.29% for QRMI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. QBUF charges 0.79%/yr vs 0.60%/yr for QRMI.

Performance

QBUF vs. QRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBUF achieves a 3.75% return, which is significantly higher than QRMI's 1.43% return.

QBUF

• 1D: 0.84%
• 1M: 0.01%
• 6M: 2.65%
• YTD: 3.75%
• 1Y: 9.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.01%

QRMI

• 1D: 0.38%
• 1M: -0.80%
• 6M: 0.51%
• YTD: 1.43%
• 1Y: 8.29%
• 3Y*: 6.40%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.44%

*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)
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	$840.97K	$1.01M	$957.50K
QRMI Global X NASDAQ 100 Risk Managed Income ETF	$102.02K	$113.92K	$132.71K

QBUF vs. QRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	3.75%	11.08%	5.90%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	1.43%	3.76%	9.80%

Correlation

The correlation between QBUF and QRMI is 0.80, 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.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	0.70

The correlation between QBUF and QRMI shifts across timeframes, from 0.70 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

QBUF vs. QRMI - Sectors Allocation Comparison

Sectors	QBUF	QRMI
Technology	60.2%	60.4%
Communication Services	13.3%	12.3%
Consumer Cyclical	10.9%	10.1%
Consumer Defensive	6.5%	6.6%
Healthcare	3.6%	3.7%
Industrials	2.7%	4.3%
Utilities	1.2%	1.3%
Basic Materials	1.0%	1.1%
Energy	0.5%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QBUF vs. QRMI — Risk / Return Rank

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

QBUF

QBUF Risk / Return Rank: 67
QBUF Sharpe Ratio Rank: 62
QBUF Sortino Ratio Rank: 61
QBUF Omega Ratio Rank: 69
QBUF Calmar Ratio Rank: 64
QBUF Martin Ratio Rank: 79

QRMI

QRMI Risk / Return Rank: 47
QRMI Sharpe Ratio Rank: 48
QRMI Sortino Ratio Rank: 43
QRMI Omega Ratio Rank: 51
QRMI Calmar Ratio Rank: 44
QRMI Martin Ratio Rank: 51

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.

QBUF vs. QRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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.

	QBUF	QRMI	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.23	+0.32
Sortino ratio: Return per unit of downside risk	2.21	1.67	+0.54
Omega ratio: Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.38	1.65	+0.73
Martin ratio: Return relative to average drawdown	11.08	6.21	+4.87

QBUF vs. QRMI - Sharpe Ratio Comparison

The current QBUF Sharpe Ratio is 1.55, which is comparable to the QRMI Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of QBUF and QRMI, 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

QBUF vs. QRMI - Drawdown Comparison

The maximum QBUF drawdown since its inception was -8.84%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for QBUF and QRMI.

Drawdown Indicators

	QBUF	QRMI	Difference
Max Drawdown Largest peak-to-trough decline	-8.84%	-20.95%	+12.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.99%	-5.04%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.43%	—
Current Drawdown Current decline from peak	-1.17%	-2.11%	+0.94%
Average Drawdown Average peak-to-trough decline	-0.83%	-7.76%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.34%	-0.48%

Volatility

QBUF vs. QRMI - Volatility Comparison

Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) has a higher volatility of 3.33% compared to Global X NASDAQ 100 Risk Managed Income ETF (QRMI) at 3.08%. This indicates that QBUF's price experiences larger fluctuations and is considered to be riskier than QRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBUF	QRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	3.08%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	4.63%	5.75%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	6.14%	6.76%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.45%	8.39%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.45%	8.39%	+0.06%

QBUF vs. QRMI - Expense Ratio Comparison

QBUF has a 0.79% expense ratio, which is higher than QRMI's 0.60% expense ratio.

Dividends

QBUF vs. QRMI - Dividend Comparison

QBUF has not paid dividends to shareholders, while QRMI's dividend yield for the trailing twelve months is around 12.51%.

Position	TTM	2025	2024	2023	2022	2021
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.51%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QBUF and QRMI in my portfolio?

QBUF and QRMI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBUF or QRMI?

QBUF has higher volatility (3.33%) compared to QRMI (3.08%). In terms of maximum drawdown, QBUF dropped -8.84% vs QRMI's -20.95%.

Which ETF is better, QBUF or QRMI?

On 1-year performance, QBUF leads with 9.46% vs 8.29% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QRMI has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBUF or QRMI?

Over the 1-year period, QBUF has performed better with a 9.46% return vs 8.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBUF or QRMI?

QRMI is cheaper with a 0.60% expense ratio, compared with 0.79% for QBUF.

Which ETF pays a higher dividend yield, QBUF or QRMI?

QRMI has the higher dividend yield at 12.51%, compared with 0.00% for QBUF.

What is the main difference between QBUF and QRMI?

They also come from different issuers: Innovator and Global X. Their fees differ too: 0.79% for QBUF and 0.60% for QRMI.

Which has better risk-adjusted returns?

QBUF currently has the higher Sharpe Ratio (1.55 vs 1.23), 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.