QRMI vs. AIYY

Last updated Jul 17, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and AIYY (YieldMax AI Option Income Strategy ETF) are both exchange-traded funds - QRMI is a Nasdaq-100 fund actively managed by Global X, while AIYY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, QRMI returned 6.74% vs -65.37% for AIYY. At a 0.40 correlation, their price movements are largely independent. QRMI charges 0.60%/yr vs 0.99%/yr for AIYY.

Performance

QRMI vs. AIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Risk Managed Income ETF (QRMI) and YieldMax AI Option Income Strategy ETF (AIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRMI achieves a 0.70% return, which is significantly higher than AIYY's -34.79% return.

QRMI

• 1D: -1.52%
• 1M: -2.06%
• 6M: -0.36%
• YTD: 0.70%
• 1Y: 6.74%
• 3Y*: 5.96%
• 5Y*: —
• 10Y*: —

AIYY

• 1D: -1.79%
• 1M: -14.61%
• 6M: -35.77%
• YTD: -34.79%
• 1Y: -65.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. AIYY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QRMI Global X NASDAQ 100 Risk Managed Income ETF	0.70%	3.76%	14.72%	2.20%
AIYY YieldMax AI Option Income Strategy ETF	-34.79%	-58.98%	-14.74%	0.41%

Correlation

The correlation between QRMI and AIYY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 28, 2023	0.40

Return for Risk

QRMI vs. AIYY — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 35
QRMI Sharpe Ratio Rank: 34
QRMI Sortino Ratio Rank: 31
QRMI Omega Ratio Rank: 35
QRMI Calmar Ratio Rank: 32
QRMI Martin Ratio Rank: 44

AIYY

AIYY Risk / Return Rank: 1
AIYY Sharpe Ratio Rank: 0
AIYY Sortino Ratio Rank: 0
AIYY Omega Ratio Rank: 0
AIYY Calmar Ratio Rank: 1
AIYY Martin Ratio Rank: 3

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.

QRMI vs. AIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) and YieldMax AI Option Income Strategy ETF (AIYY). 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.

	QRMI	AIYY	Difference
Sharpe ratio: Return per unit of total volatility	1.02	-1.20	+2.23
Sortino ratio: Return per unit of downside risk	1.38	-1.99	+3.38
Omega ratio: Gain probability vs. loss probability	1.20	0.73	+0.47
Calmar ratio: Return relative to maximum drawdown	1.34	-0.96	+2.30
Martin ratio: Return relative to average drawdown	5.66	-1.25	+6.90

QRMI vs. AIYY - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.02, which is higher than the AIYY Sharpe Ratio of -1.20. The chart below compares the historical Sharpe Ratios of QRMI and AIYY, 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

QRMI vs. AIYY - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, smaller than the maximum AIYY drawdown of -79.56%. Use the drawdown chart below to compare losses from any high point for QRMI and AIYY.

Drawdown Indicators

	QRMI	AIYY	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-79.56%	+58.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-68.45%	+63.41%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	-2.81%	-78.70%	+75.89%
Average Drawdown Average peak-to-trough decline	-7.81%	-42.58%	+34.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	52.48%	-51.29%

Volatility

QRMI vs. AIYY - Volatility Comparison

The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 3.15%, while YieldMax AI Option Income Strategy ETF (AIYY) has a volatility of 12.61%. This indicates that QRMI experiences smaller price fluctuations and is considered to be less risky than AIYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRMI	AIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	12.61%	-9.46%
Volatility (6M) Calculated over the trailing 6-month period	5.63%	39.95%	-34.32%
Volatility (1Y) Calculated over the trailing 1-year period	6.61%	54.40%	-47.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.40%	50.06%	-41.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.40%	50.06%	-41.66%

QRMI vs. AIYY - Expense Ratio Comparison

QRMI has a 0.60% expense ratio, which is lower than AIYY's 0.99% expense ratio.

Dividends

QRMI vs. AIYY - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.55%, less than AIYY's 155.94% yield.

Position	TTM	2025	2024	2023	2022	2021
AIYY YieldMax AI Option Income Strategy ETF	155.94%	168.33%	98.26%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.55%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and AIYY in my portfolio?

QRMI and AIYY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRMI or AIYY?

AIYY has higher volatility (12.61%) compared to QRMI (3.15%). In terms of maximum drawdown, QRMI dropped -20.95% vs AIYY's -79.56%.

Which ETF is better, QRMI or AIYY?

On 1-year performance, QRMI leads with 6.74% vs -65.37% for AIYY. On fees, QRMI is cheaper at 0.60% per year. On volatility, QRMI has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or AIYY?

Over the 1-year period, QRMI has performed better with a 6.74% return vs -65.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or AIYY?

QRMI is cheaper with a 0.60% expense ratio, compared with 0.99% for AIYY.

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

AIYY has the higher dividend yield at 155.94%, compared with 12.55% for QRMI.

What is the main difference between QRMI and AIYY?

QRMI is categorized as Nasdaq-100, while AIYY is Derivative Income. They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.60% for QRMI and 0.99% for AIYY.

Which has better risk-adjusted returns?

QRMI currently has the higher Sharpe Ratio (1.02 vs -1.20), 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.