QLDY vs. QRMI
QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both Nasdaq-100 funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. QLDY charges 1.04%/yr vs 0.60%/yr for QRMI.
Performance
QLDY vs. QRMI - Performance Comparison
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Returns By Period
In the year-to-date period, QLDY achieves a 10.66% return, which is significantly higher than QRMI's 2.14% return.
QLDY
- 1D
- -1.66%
- 1M
- -3.42%
- YTD
- 10.66%
- 6M
- 8.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QRMI
- 1D
- -0.31%
- 1M
- 0.44%
- YTD
- 2.14%
- 6M
- 1.92%
- 1Y
- 8.95%
- 3Y*
- 7.25%
- 5Y*
- —
- 10Y*
- —
QLDY vs. QRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 10.66% | 1.54% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 2.14% | 4.47% |
Correlation
The correlation between QLDY and QRMI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.85 |
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Return for Risk
QLDY vs. QRMI — Risk / Return Rank
QLDY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QRMI
QLDY vs. QRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) 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.
| QLDY | QRMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.78 | — |
| Martin ratioReturn relative to average drawdown | — | 7.76 | — |
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Drawdowns
QLDY vs. QRMI - Drawdown Comparison
The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for QLDY and QRMI.
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Drawdown Indicators
| QLDY | QRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -20.95% | +3.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.43% | — |
Current DrawdownCurrent decline from peak | -7.20% | -1.16% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -7.89% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.16% | — |
Volatility
QLDY vs. QRMI - Volatility Comparison
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Volatility by Period
| QLDY | QRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.38% | 5.98% | +15.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 8.35% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 8.35% | +13.03% |
QLDY vs. QRMI - Expense Ratio Comparison
QLDY has a 1.04% expense ratio, which is higher than QRMI's 0.60% expense ratio.
Dividends
QLDY vs. QRMI - Dividend Comparison
QLDY's dividend yield for the trailing twelve months is around 24.62%, more than QRMI's 12.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 24.62% | 9.34% | 0.00% | 0.00% | 0.00% | 0.00% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 12.37% | 12.28% | 11.80% | 12.44% | 10.65% | 3.36% |
Frequently Asked Questions
QLDY and QRMI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QRMI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QRMI is cheaper with a 0.60% expense ratio, compared with 1.04% for QLDY.
QLDY has the higher dividend yield at 24.62%, compared with 12.37% for QRMI.
They also come from different issuers: Defiance and Global X. Their fees differ too: 1.04% for QLDY and 0.60% for QRMI.
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