TPRY vs. QRMI

Last updated Jun 4, 2026

TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both exchange-traded funds - TPRY is a Derivative Income fund tracking the BITA VistaShares TEPRTantrum Select, while QRMI is a Nasdaq-100 fund actively managed by Global X. TPRY is passively managed, while QRMI is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. TPRY charges 0.95%/yr vs 0.60%/yr for QRMI.

Performance

TPRY vs. QRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPRY

• 1D: -0.19%
• 1M: 4.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QRMI

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

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

TPRY vs. QRMI - Yearly Performance Comparison

	2026 (YTD)
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	8.01%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.76%

Correlation

The correlation between TPRY and QRMI is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026	0.78

Return for Risk

TPRY vs. QRMI — 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

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.

TPRY vs. QRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TPRY	QRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.22	+1.21

Drawdowns

TPRY vs. QRMI - Drawdown Comparison

The maximum TPRY drawdown since its inception was -10.85%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for TPRY and QRMI.

Drawdown Indicators

	TPRY	QRMI	Difference
Max Drawdown Largest peak-to-trough decline	-10.85%	-20.95%	+10.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.43%	—
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-3.13%	-7.98%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.14%	—

Volatility

Volatility by Period

	TPRY	QRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	5.76%	+17.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	8.34%	+15.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	8.34%	+15.26%

TPRY vs. QRMI - Expense Ratio Comparison

TPRY has a 0.95% expense ratio, which is higher than QRMI's 0.60% expense ratio.

Dividends

TPRY vs. QRMI - Dividend Comparison

TPRY's dividend yield for the trailing twelve months is around 3.54%, less than QRMI's 12.19% 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%
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	3.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPRY and QRMI in my portfolio?

TPRY and QRMI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPRY or QRMI?

On fees, QRMI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPRY or QRMI?

QRMI is cheaper with a 0.60% expense ratio, compared with 0.95% for TPRY.

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

QRMI has the higher dividend yield at 12.19%, compared with 3.54% for TPRY.

What is the main difference between TPRY and QRMI?

TPRY is categorized as Derivative Income, while QRMI is Nasdaq-100. They also come from different issuers: VistaShares and Global X. Their fees differ too: 0.95% for TPRY and 0.60% for QRMI.