QRMI vs. SHLD

Last updated Jun 4, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - QRMI is a Nasdaq-100 fund actively managed by Global X, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. QRMI is actively managed, while SHLD is passively managed. Over the past year, QRMI returned 9.73% vs 9.71% for SHLD. At a 0.30 correlation, their price movements are largely independent. QRMI charges 0.60%/yr vs 0.50%/yr for SHLD.

Performance

QRMI vs. SHLD - 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 Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRMI achieves a 2.60% return, which is significantly higher than SHLD's -2.28% return.

QRMI

• 1D: 0.20%
• 1M: 1.85%
• YTD: 2.60%
• 6M: 3.95%
• 1Y: 9.73%
• 3Y*: 7.02%
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.39%
• 1M: -7.01%
• YTD: -2.28%
• 6M: 1.71%
• 1Y: 9.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.60%	3.76%	14.72%	1.05%
SHLD Global X Defense Tech ETF	-2.28%	74.16%	35.03%	12.89%

Correlation

The correlation between QRMI and SHLD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.30

QRMI vs. SHLD - Sectors Allocation Comparison

Sectors	QRMI	SHLD
Technology	53.8%	11.8%
Communication Services	15.8%	-
Consumer Cyclical	12.2%	-
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	2.8%	88.2%
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QRMI vs. SHLD — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 48
QRMI Sharpe Ratio Rank: 49
QRMI Sortino Ratio Rank: 46
QRMI Omega Ratio Rank: 56
QRMI Calmar Ratio Rank: 39
QRMI Martin Ratio Rank: 50

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 15

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. SHLD - 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 Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.71	0.41	+1.30
Sortino ratio: Return per unit of downside risk	2.30	0.74	+1.56
Omega ratio: Gain probability vs. loss probability	1.35	1.08	+0.26
Calmar ratio: Return relative to maximum drawdown	1.94	0.49	+1.45
Martin ratio: Return relative to average drawdown	8.52	1.30	+7.22
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. SHLD - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.71, which is higher than the SHLD Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of QRMI and SHLD, 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	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	0.41	+1.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	2.00	-1.78

Drawdowns

QRMI vs. SHLD - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, roughly equal to the maximum SHLD drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for QRMI and SHLD.

Drawdown Indicators

	QRMI	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-20.10%	-0.85%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-20.10%	+15.06%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	0.00%	-18.85%	+18.85%
Average Drawdown Average peak-to-trough decline	-7.98%	-3.19%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	7.51%	-6.37%

Volatility

QRMI vs. SHLD - Volatility Comparison

The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 0.66%, while Global X Defense Tech ETF (SHLD) has a volatility of 7.81%. This indicates that QRMI experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRMI	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	7.81%	-7.15%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	19.35%	-14.92%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	24.05%	-18.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.34%	21.13%	-12.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.34%	21.13%	-12.79%

QRMI vs. SHLD - Expense Ratio Comparison

QRMI has a 0.60% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

QRMI vs. SHLD - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.19%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.19%	12.28%	11.80%	12.44%	10.65%	3.36%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QRMI and SHLD in my portfolio?

QRMI and SHLD have a correlation of 0.29, 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 SHLD?

SHLD has higher volatility (7.81%) compared to QRMI (0.66%). In terms of maximum drawdown, QRMI dropped -20.95% vs SHLD's -20.10%.

Which ETF is better, QRMI or SHLD?

On 1-year performance, QRMI leads with 9.73% vs 9.71% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, QRMI has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or SHLD?

Over the 1-year period, QRMI has performed better with a 9.73% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.60% for QRMI.

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

QRMI has the higher dividend yield at 12.19%, compared with 0.56% for SHLD.

What is the main difference between QRMI and SHLD?

QRMI is categorized as Nasdaq-100, while SHLD is Aerospace & Defense. Their fees differ too: 0.60% for QRMI and 0.50% for SHLD.

Which has better risk-adjusted returns?

QRMI currently has the higher Sharpe Ratio (1.71 vs 0.41), 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.