QRMI vs. QCJL

Last updated Jun 26, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) are both Nasdaq-100 funds. Both are actively managed. Over the past year, QRMI returned 9.04% vs 12.58% for QCJL. A 0.71 correlation means they provide meaningful diversification when combined. QRMI charges 0.60%/yr vs 0.90%/yr for QCJL.

Performance

QRMI vs. QCJL - 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 FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRMI achieves a 2.36% return, which is significantly lower than QCJL's 5.23% return.

QRMI

• 1D: 0.21%
• 1M: 0.32%
• YTD: 2.36%
• 6M: 2.14%
• 1Y: 9.04%
• 3Y*: 7.54%
• 5Y*: —
• 10Y*: —

QCJL

• 1D: 0.08%
• 1M: 0.22%
• YTD: 5.23%
• 6M: 4.94%
• 1Y: 12.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. QCJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.36%	3.76%	9.02%
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July	5.23%	13.10%	4.38%

Correlation

The correlation between QRMI and QCJL is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024	0.71

The correlation between QRMI and QCJL has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

Return for Risk

QRMI vs. QCJL — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 49
QRMI Sharpe Ratio Rank: 50
QRMI Sortino Ratio Rank: 46
QRMI Omega Ratio Rank: 56
QRMI Calmar Ratio Rank: 40
QRMI Martin Ratio Rank: 51

QCJL

QCJL Risk / Return Rank: 82
QCJL Sharpe Ratio Rank: 81
QCJL Sortino Ratio Rank: 84
QCJL Omega Ratio Rank: 85
QCJL Calmar Ratio Rank: 71
QCJL Martin Ratio Rank: 87

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. QCJL - 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 FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL). 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	QCJL	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.26	-0.74
Sortino ratio: Return per unit of downside risk	2.07	3.28	-1.21
Omega ratio: Gain probability vs. loss probability	1.30	1.45	-0.15
Calmar ratio: Return relative to maximum drawdown	1.80	3.16	-1.35
Martin ratio: Return relative to average drawdown	7.83	16.11	-8.27

QRMI vs. QCJL - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.52, which is lower than the QCJL Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of QRMI and QCJL, 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. QCJL - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, which is greater than QCJL's maximum drawdown of -11.18%. Use the drawdown chart below to compare losses from any high point for QRMI and QCJL.

Drawdown Indicators

	QRMI	QCJL	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-11.18%	-9.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-4.00%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	-0.94%	-0.16%	-0.78%
Average Drawdown Average peak-to-trough decline	-7.89%	-1.04%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	0.78%	+0.38%

Volatility

QRMI vs. QCJL - Volatility Comparison

Global X NASDAQ 100 Risk Managed Income ETF (QRMI) has a higher volatility of 2.24% compared to FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) at 0.72%. This indicates that QRMI's price experiences larger fluctuations and is considered to be riskier than QCJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRMI	QCJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	0.72%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	4.86%	4.19%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	5.58%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.34%	9.33%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.34%	9.33%	-0.99%

QRMI vs. QCJL - Expense Ratio Comparison

QRMI has a 0.60% expense ratio, which is lower than QCJL's 0.90% expense ratio.

Dividends

QRMI vs. QCJL - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.34%, while QCJL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.34%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and QCJL in my portfolio?

QRMI and QCJL have a correlation of 0.79, 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 QCJL?

QRMI has higher volatility (2.24%) compared to QCJL (0.72%). In terms of maximum drawdown, QRMI dropped -20.95% vs QCJL's -11.18%.

Which ETF is better, QRMI or QCJL?

On 1-year performance, QCJL leads with 12.58% vs 9.04% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QCJL has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or QCJL?

Over the 1-year period, QCJL has performed better with a 12.58% return vs 9.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or QCJL?

QRMI is cheaper with a 0.60% expense ratio, compared with 0.90% for QCJL.

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

QRMI has the higher dividend yield at 12.34%, compared with 0.00% for QCJL.

What is the main difference between QRMI and QCJL?

They also come from different issuers: Global X and First Trust. Their fees differ too: 0.60% for QRMI and 0.90% for QCJL.

Which has better risk-adjusted returns?

QCJL currently has the higher Sharpe Ratio (2.26 vs 1.52), 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.