SBAR vs. XRMI

Last updated Jun 24, 2026

SBAR (Simplify Barrier Income ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. SBAR is actively managed, while XRMI is passively managed. Over the past year, SBAR returned 10.95% vs 9.03% for XRMI. At a 0.47 correlation, their price movements are largely independent. SBAR charges 0.75%/yr vs 0.60%/yr for XRMI.

Performance

SBAR vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Barrier Income ETF (SBAR) 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, SBAR achieves a 3.13% return, which is significantly higher than XRMI's 1.66% return.

SBAR

• 1D: -0.74%
• 1M: 1.18%
• YTD: 3.13%
• 6M: 2.89%
• 1Y: 10.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRMI

• 1D: -0.52%
• 1M: 0.39%
• YTD: 1.66%
• 6M: 1.20%
• 1Y: 9.03%
• 3Y*: 6.90%
• 5Y*: —
• 10Y*: —

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

SBAR vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	3.13%	13.80%
XRMI Global X S&P 500 Risk Managed Income ETF	1.66%	8.22%

Correlation

The correlation between SBAR and XRMI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.47

SBAR vs. XRMI - Sectors Allocation Comparison

Sectors	SBAR	XRMI
Financial Services	82.8%	11.6%
Technology	33.1%	39.5%
Communication Services	10.7%	10.3%
Consumer Cyclical	10.1%	9.5%
Healthcare	9.8%	8.5%
Industrials	8.7%	7.9%
Consumer Defensive	5.4%	4.6%
Energy	3.5%	3.1%
Utilities	2.5%	2.7%
Real Estate	2.0%	1.8%
Basic Materials	1.9%	1.7%

Return for Risk

SBAR vs. XRMI — Risk / Return Rank

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

SBAR

SBAR Risk / Return Rank: 40
SBAR Sharpe Ratio Rank: 37
SBAR Sortino Ratio Rank: 36
SBAR Omega Ratio Rank: 34
SBAR Calmar Ratio Rank: 43
SBAR Martin Ratio Rank: 48

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 51
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 54
XRMI Calmar Ratio Rank: 38
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.

SBAR vs. XRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.

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.

	SBAR	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.65	-0.40
Sortino ratio: Return per unit of downside risk	1.83	2.30	-0.47
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	2.06	1.81	+0.26
Martin ratio: Return relative to average drawdown	7.64	7.28	+0.36

SBAR vs. XRMI - Sharpe Ratio Comparison

The current SBAR Sharpe Ratio is 1.25, which is comparable to the XRMI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of SBAR 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.

Drawdowns

SBAR vs. XRMI - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum XRMI drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for SBAR and XRMI.

Drawdown Indicators

	SBAR	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-15.31%	+9.99%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-5.02%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-0.74%	-0.52%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.92%	-5.87%	+4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	1.24%	+0.20%

Volatility

SBAR vs. XRMI - Volatility Comparison

Simplify Barrier Income ETF (SBAR) has a higher volatility of 2.73% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 1.71%. This indicates that SBAR's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBAR	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	1.71%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	4.44%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	5.52%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.84%	6.91%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.84%	6.91%	+2.93%

SBAR vs. XRMI - Expense Ratio Comparison

SBAR has a 0.75% expense ratio, which is higher than XRMI's 0.60% expense ratio.

Dividends

SBAR vs. XRMI - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.63%, which matches XRMI's 12.73% yield.

Position	TTM	2025	2024	2023	2022	2021
SBAR Simplify Barrier Income ETF	12.63%	8.56%	0.00%	0.00%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.73%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both SBAR and XRMI in my portfolio?

SBAR and XRMI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBAR or XRMI?

SBAR has higher volatility (2.73%) compared to XRMI (1.71%). In terms of maximum drawdown, SBAR dropped -5.32% vs XRMI's -15.31%.

Which ETF is better, SBAR or XRMI?

On 1-year performance, SBAR leads with 10.95% vs 9.03% for XRMI. On fees, XRMI is cheaper at 0.60% per year. On volatility, XRMI has been the lower-risk option at 1.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBAR or XRMI?

Over the 1-year period, SBAR has performed better with a 10.95% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBAR or XRMI?

XRMI is cheaper with a 0.60% expense ratio, compared with 0.75% for SBAR.

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

XRMI has the higher dividend yield at 12.73%, compared with 12.63% for SBAR.

What is the main difference between SBAR and XRMI?

They also come from different issuers: Simplify and Global X. Their fees differ too: 0.75% for SBAR and 0.60% for XRMI.

Which has better risk-adjusted returns?

XRMI currently has the higher Sharpe Ratio (1.65 vs 1.25), 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.