QRMI vs. QBUF

Last updated Jun 5, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and QBUF (Innovator Nasdaq-100 10 Buffer ETF - Quarterly) are both Nasdaq-100 funds. QRMI is actively managed, while QBUF is passively managed. Over the past year, QRMI returned 9.82% vs 11.93% for QBUF. A 0.70 correlation means they provide meaningful diversification when combined. QRMI charges 0.60%/yr vs 0.79%/yr for QBUF.

Performance

QRMI vs. QBUF - 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 Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRMI achieves a 2.50% return, which is significantly lower than QBUF's 4.68% return.

QRMI

• 1D: -0.10%
• 1M: 1.55%
• YTD: 2.50%
• 6M: 3.76%
• 1Y: 9.82%
• 3Y*: 7.03%
• 5Y*: —
• 10Y*: —

QBUF

• 1D: -0.01%
• 1M: 0.84%
• YTD: 4.68%
• 6M: 4.57%
• 1Y: 11.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. QBUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.50%	3.76%	9.08%
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	4.68%	11.08%	5.92%

Correlation

The correlation between QRMI and QBUF is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024	0.70

The correlation between QRMI and QBUF has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

QRMI vs. QBUF - Sectors Allocation Comparison

Sectors	QRMI	QBUF
Technology	53.8%	50.7%
Communication Services	15.8%	15.8%
Consumer Cyclical	12.2%	12.5%
Consumer Defensive	7.7%	8.7%
Healthcare	4.2%	5.1%
Industrials	2.8%	3.3%
Utilities	1.4%	1.6%
Basic Materials	1.1%	1.3%
Energy	0.6%	0.7%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QRMI vs. QBUF — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 50
QRMI Sharpe Ratio Rank: 51
QRMI Sortino Ratio Rank: 48
QRMI Omega Ratio Rank: 58
QRMI Calmar Ratio Rank: 40
QRMI Martin Ratio Rank: 51

QBUF

QBUF Risk / Return Rank: 79
QBUF Sharpe Ratio Rank: 70
QBUF Sortino Ratio Rank: 71
QBUF Omega Ratio Rank: 80
QBUF Calmar Ratio Rank: 88
QBUF Martin Ratio Rank: 85

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. QBUF - 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 Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF). 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.

	QRMI	QBUF	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.28	-0.55
Sortino ratio: Return per unit of downside risk	2.33	3.20	-0.88
Omega ratio: Gain probability vs. loss probability	1.35	1.48	-0.13
Calmar ratio: Return relative to maximum drawdown	1.96	5.19	-3.23
Martin ratio: Return relative to average drawdown	8.60	17.79	-9.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRMI vs. QBUF - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.72, which is comparable to the QBUF Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of QRMI and QBUF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QRMI	QBUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.28	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.36	-1.14

Drawdowns

QRMI vs. QBUF - Drawdown Comparison

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

Drawdown Indicators

	QRMI	QBUF	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-8.84%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-2.31%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.01%	-0.09%
Average Drawdown Average peak-to-trough decline	-7.98%	-0.82%	-7.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	0.67%	+0.47%

Volatility

QRMI vs. QBUF - Volatility Comparison

Global X NASDAQ 100 Risk Managed Income ETF (QRMI) has a higher volatility of 0.67% compared to Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) at 0.23%. This indicates that QRMI's price experiences larger fluctuations and is considered to be riskier than QBUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRMI	QBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.23%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	3.88%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	5.25%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	8.47%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.33%	8.47%	-0.14%

QRMI vs. QBUF - Expense Ratio Comparison

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

Dividends

QRMI vs. QBUF - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.20%, while QBUF has not paid dividends to shareholders.

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	12.20%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and QBUF in my portfolio?

QRMI and QBUF have a correlation of 0.73, 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 QBUF?

QRMI has higher volatility (0.67%) compared to QBUF (0.23%). In terms of maximum drawdown, QRMI dropped -20.95% vs QBUF's -8.84%.

Which ETF is better, QRMI or QBUF?

On 1-year performance, QBUF leads with 11.93% vs 9.82% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QBUF has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or QBUF?

Over the 1-year period, QBUF has performed better with a 11.93% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or QBUF?

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

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

QRMI has the higher dividend yield at 12.20%, compared with 0.00% for QBUF.

What is the main difference between QRMI and QBUF?

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

Which has better risk-adjusted returns?

QBUF currently has the higher Sharpe Ratio (2.28 vs 1.72), 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.