SLTY vs. XRMI
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. SLTY is actively managed, while XRMI is passively managed. At a correlation of -0.44, they often move in opposite directions. SLTY charges 1.24%/yr vs 0.60%/yr for XRMI.
Performance
SLTY vs. XRMI - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -7.07% return, which is significantly lower than XRMI's 1.60% return.
SLTY
- 1D
- -2.48%
- 1M
- -1.42%
- YTD
- -7.07%
- 6M
- -5.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRMI
- 1D
- -0.06%
- 1M
- 0.34%
- YTD
- 1.60%
- 6M
- 1.15%
- 1Y
- 8.70%
- 3Y*
- 6.88%
- 5Y*
- —
- 10Y*
- —
SLTY vs. XRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -7.07% | -12.61% |
XRMI Global X S&P 500 Risk Managed Income ETF | 1.60% | 5.72% |
Correlation
The correlation between SLTY and XRMI is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | -0.44 |
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Return for Risk
SLTY vs. XRMI — Risk / Return Rank
SLTY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XRMI
SLTY vs. XRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) 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.
| SLTY | XRMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.74 | — |
| Martin ratioReturn relative to average drawdown | — | 7.01 | — |
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Drawdowns
SLTY vs. XRMI - Drawdown Comparison
The maximum SLTY drawdown since its inception was -21.27%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for SLTY and XRMI.
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Drawdown Indicators
| SLTY | XRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -15.31% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.34% | — |
Current DrawdownCurrent decline from peak | -18.80% | -0.58% | -18.22% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -5.87% | -8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.24% | — |
Volatility
SLTY vs. XRMI - Volatility Comparison
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Volatility by Period
| SLTY | XRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 5.50% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 6.90% | +11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 6.90% | +11.36% |
SLTY vs. XRMI - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than XRMI's 0.60% expense ratio.
Dividends
SLTY vs. XRMI - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 79.09%, more than XRMI's 12.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | 79.09% | 29.68% | 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
SLTY and XRMI have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRMI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRMI is cheaper with a 0.60% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 79.09%, compared with 12.73% for XRMI.
They also come from different issuers: YieldMax and Global X. Their fees differ too: 1.24% for SLTY and 0.60% for XRMI.
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