QRMI vs. GOOW

Last updated Aug 6, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and GOOW (Roundhill GOOGL WeeklyPay™ ETF) are both exchange-traded funds - QRMI is a Nasdaq-100 fund actively managed by Global X, while GOOW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QRMI returned 8.80% vs 100.12% for GOOW. Their 0.46 correlation means their historical movements had little consistent relationship. QRMI charges 0.60%/yr vs 0.99%/yr for GOOW.

Performance

QRMI vs. GOOW - 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 Roundhill GOOGL WeeklyPay™ ETF (GOOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRMI achieves a 2.13% return, which is significantly lower than GOOW's 15.64% return.

QRMI

• 1D: 0.06%
• 1M: -0.71%
• 6M: 2.38%
• YTD: 2.13%
• 1Y: 8.80%
• 3Y*: 6.65%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.58%

GOOW

• 1D: -4.71%
• 1M: -2.02%
• 6M: 7.47%
• YTD: 15.64%
• 1Y: 100.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 93.76%

*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)
GOOW Roundhill GOOGL WeeklyPay™ ETF	$2.45M	$1.94M	$2.29M
QRMI Global X NASDAQ 100 Risk Managed Income ETF	$169.27K	$136.84K	$139.60K

QRMI vs. GOOW - Yearly Performance Comparison

	2026 (YTD)	2025
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.13%	6.49%
GOOW Roundhill GOOGL WeeklyPay™ ETF	15.64%	71.16%

Correlation

The correlation between QRMI and GOOW is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.46

QRMI vs. GOOW - Sectors Allocation Comparison

Sectors	QRMI	GOOW
Technology	60.4%	-
Communication Services	12.3%	100.0%
Consumer Cyclical	10.1%	-
Consumer Defensive	6.6%	-
Industrials	4.3%	-
Healthcare	3.7%	-
Utilities	1.3%	-
Basic Materials	1.1%	-
Energy	0.5%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QRMI vs. GOOW — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 46
QRMI Sharpe Ratio Rank: 45
QRMI Sortino Ratio Rank: 42
QRMI Omega Ratio Rank: 48
QRMI Calmar Ratio Rank: 43
QRMI Martin Ratio Rank: 50

GOOW

GOOW Risk / Return Rank: 86
GOOW Sharpe Ratio Rank: 91
GOOW Sortino Ratio Rank: 90
GOOW Omega Ratio Rank: 86
GOOW Calmar Ratio Rank: 88
GOOW Martin Ratio Rank: 75

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.

QRMI vs. GOOW - 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 Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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	GOOW	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.52	-1.21
Sortino ratio: Return per unit of downside risk	1.77	3.38	-1.61
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.75	3.96	-2.20
Martin ratio: Return relative to average drawdown	6.56	10.79	-4.23

QRMI vs. GOOW - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.31, which is lower than the GOOW Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of QRMI and GOOW, 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. GOOW - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, smaller than the maximum GOOW drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for QRMI and GOOW.

Drawdown Indicators

	QRMI	GOOW	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-25.44%	+4.49%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-25.44%	+20.40%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	-1.43%	-13.03%	+11.60%
Average Drawdown Average peak-to-trough decline	-7.75%	-6.46%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	9.31%	-7.97%

Volatility

QRMI vs. GOOW - Volatility Comparison

The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 2.93%, while Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a volatility of 17.09%. This indicates that QRMI experiences smaller price fluctuations and is considered to be less risky than GOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRMI	GOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	17.09%	-14.16%
Volatility (6M) Calculated over the trailing 6-month period	5.74%	31.21%	-25.47%
Volatility (1Y) Calculated over the trailing 1-year period	6.75%	39.99%	-33.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.39%	39.82%	-31.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.39%	39.82%	-31.43%

QRMI vs. GOOW - Expense Ratio Comparison

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

Dividends

QRMI vs. GOOW - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.42%, less than GOOW's 41.79% yield.

Position	TTM	2025	2024	2023	2022	2021
GOOW Roundhill GOOGL WeeklyPay™ ETF	41.79%	19.77%	0.00%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.42%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and GOOW in my portfolio?

QRMI and GOOW have a correlation of 0.46, 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 GOOW?

GOOW has higher volatility (17.09%) compared to QRMI (2.93%). In terms of maximum drawdown, QRMI dropped -20.95% vs GOOW's -25.44%.

Which ETF is better, QRMI or GOOW?

On 1-year performance, GOOW leads with 100.12% vs 8.80% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QRMI has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or GOOW?

Over the 1-year period, GOOW has performed better with a 100.12% return vs 8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or GOOW?

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

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

GOOW has the higher dividend yield at 41.79%, compared with 12.42% for QRMI.

What is the main difference between QRMI and GOOW?

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

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.52 vs 1.31), 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.