QRMI vs. XRMI

Last updated Jun 4, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both exchange-traded funds - QRMI is a Nasdaq-100 fund actively managed by Global X, while XRMI is a Derivative Income fund tracking the Cboe S&P 500 Risk Managed Income Index. QRMI is actively managed, while XRMI is passively managed. Over the past 3 years, QRMI returned 7.02%/yr vs 6.71%/yr for XRMI. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

QRMI vs. XRMI - 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 S&P 500 Risk Managed Income ETF (XRMI). 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 XRMI's 1.75% return.

QRMI

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

XRMI

• 1D: -0.20%
• 1M: 1.38%
• YTD: 1.75%
• 6M: 2.96%
• 1Y: 9.48%
• 3Y*: 6.71%
• 5Y*: —
• 10Y*: —

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

QRMI vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.60%	3.76%	14.72%	11.73%	-18.50%	-1.88%
XRMI Global X S&P 500 Risk Managed Income ETF	1.75%	4.60%	15.18%	4.22%	-14.06%	2.68%

Correlation

The correlation between QRMI and XRMI is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.69

The correlation between QRMI and XRMI has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

QRMI vs. XRMI - Sectors Allocation Comparison

Sectors	QRMI	XRMI
Technology	53.8%	35.6%
Communication Services	15.8%	11.2%
Consumer Cyclical	12.2%	10.2%
Consumer Defensive	7.7%	4.9%
Healthcare	4.2%	8.5%
Industrials	2.8%	8.3%
Utilities	1.4%	2.4%
Basic Materials	1.1%	1.8%
Energy	0.6%	3.5%
Financial Services	0.2%	11.8%
Real Estate	0.1%	1.9%

Return for Risk

QRMI vs. XRMI — 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

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 51
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 55
XRMI Calmar Ratio Rank: 39
XRMI Martin Ratio Rank: 46

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. XRMI - 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 S&P 500 Risk Managed Income ETF (XRMI). 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	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.78	-0.07
Sortino ratio: Return per unit of downside risk	2.30	2.48	-0.18
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	1.94	1.90	+0.04
Martin ratio: Return relative to average drawdown	8.52	7.70	+0.82
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. XRMI - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.71, which is comparable to the XRMI Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of QRMI and XRMI, 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	XRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.78	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.37	-0.15

Drawdowns

QRMI vs. XRMI - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for QRMI and XRMI.

Drawdown Indicators

	QRMI	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-15.31%	-5.64%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-5.02%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	-8.34%	-0.09%
Current Drawdown Current decline from peak	0.00%	-0.20%	+0.20%
Average Drawdown Average peak-to-trough decline	-7.98%	-5.94%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.23%	-0.09%

Volatility

QRMI vs. XRMI - Volatility Comparison

The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 0.66%, while Global X S&P 500 Risk Managed Income ETF (XRMI) has a volatility of 0.89%. This indicates that QRMI experiences smaller price fluctuations and is considered to be less risky than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRMI	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	0.89%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	4.21%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	5.39%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.34%	6.91%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.34%	6.91%	+1.43%

QRMI vs. XRMI - Expense Ratio Comparison

Both QRMI and XRMI have an expense ratio of 0.60%.

Dividends

QRMI vs. XRMI - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.19%, less than XRMI's 12.62% 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%
XRMI Global X S&P 500 Risk Managed Income ETF	12.62%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both QRMI and XRMI in my portfolio?

QRMI and XRMI have a correlation of 0.68, 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 XRMI?

XRMI has higher volatility (0.89%) compared to QRMI (0.66%). In terms of maximum drawdown, QRMI dropped -20.95% vs XRMI's -15.31%.

Which ETF is better, QRMI or XRMI?

On 3-year performance, QRMI leads with 7.02% vs 6.71% for XRMI. Both ETFs have the same 0.60% expense ratio. 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 XRMI?

Over the 3-year period, QRMI has performed better with a 7.02% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or XRMI?

QRMI and XRMI have the same expense ratio: 0.60% per year.

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

XRMI has the higher dividend yield at 12.62%, compared with 12.19% for QRMI.

What is the main difference between QRMI and XRMI?

QRMI is categorized as Nasdaq-100, while XRMI is Derivative Income.

Which has better risk-adjusted returns?

XRMI currently has the higher Sharpe Ratio (1.78 vs 1.71), 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.