QRMI vs. SIL
Compare and contrast key facts about Global X NASDAQ 100 Risk Managed Income ETF (QRMI) and Global X Silver Miners ETF (SIL).
QRMI and SIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QRMI is an actively managed fund by Global X. It was launched on Aug 25, 2021. SIL is a passively managed fund by Global X that tracks the performance of the Solactive Global Silver Miners Total Return Index. It was launched on Apr 19, 2010.
Performance
QRMI vs. SIL - Performance Comparison
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QRMI vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QRMI Global X NASDAQ 100 Risk Managed Income ETF | -3.23% | 3.76% | 14.72% | 11.73% | -18.50% | -1.88% |
SIL Global X Silver Miners ETF | 7.85% | 166.16% | 14.62% | 1.31% | -22.83% | -4.10% |
Returns By Period
In the year-to-date period, QRMI achieves a -3.23% return, which is significantly lower than SIL's 7.85% return.
QRMI
- 1D
- 0.82%
- 1M
- -3.01%
- YTD
- -3.23%
- 6M
- 0.78%
- 1Y
- 1.99%
- 3Y*
- 6.13%
- 5Y*
- —
- 10Y*
- —
SIL
- 1D
- 7.82%
- 1M
- -23.68%
- YTD
- 7.85%
- 6M
- 27.11%
- 1Y
- 131.18%
- 3Y*
- 45.13%
- 5Y*
- 18.33%
- 10Y*
- 14.65%
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QRMI vs. SIL - Expense Ratio Comparison
QRMI has a 0.60% expense ratio, which is lower than SIL's 0.65% expense ratio.
Return for Risk
QRMI vs. SIL — Risk / Return Rank
QRMI
SIL
QRMI vs. SIL - 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 Silver Miners ETF (SIL). 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 | SIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 2.65 | -2.40 |
Sortino ratioReturn per unit of downside risk | 0.41 | 2.73 | -2.32 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.40 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.98 | -3.57 |
Martin ratioReturn relative to average drawdown | 1.19 | 13.73 | -12.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QRMI | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.65 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.14 | -0.07 |
Correlation
The correlation between QRMI and SIL is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QRMI vs. SIL - Dividend Comparison
QRMI's dividend yield for the trailing twelve months is around 12.76%, more than SIL's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 12.76% | 12.28% | 11.80% | 12.44% | 10.65% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIL Global X Silver Miners ETF | 1.10% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
Drawdowns
QRMI vs. SIL - Drawdown Comparison
The maximum QRMI drawdown since its inception was -20.95%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for QRMI and SIL.
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Drawdown Indicators
| QRMI | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.95% | -82.99% | +62.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.04% | -32.91% | +27.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -4.26% | -23.68% | +19.42% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -51.79% | +43.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 9.53% | -7.81% |
Volatility
QRMI vs. SIL - Volatility Comparison
The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 2.90%, while Global X Silver Miners ETF (SIL) has a volatility of 19.45%. This indicates that QRMI experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRMI | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 19.45% | -16.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 42.52% | -37.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 49.72% | -41.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 38.63% | -30.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.46% | 39.74% | -31.28% |