TPRY vs. XRMI

Last updated Jun 4, 2026

TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds - TPRY tracks the BITA VistaShares TEPRTantrum Select while XRMI tracks the Cboe S&P 500 Risk Managed Income Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. TPRY charges 0.95%/yr vs 0.60%/yr for XRMI.

Performance

TPRY vs. XRMI - 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 S&P 500 Risk Managed Income ETF (XRMI). 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*: —

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)

TPRY vs. XRMI - Yearly Performance Comparison

	2026 (YTD)
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	8.01%
XRMI Global X S&P 500 Risk Managed Income ETF	0.22%

Correlation

The correlation between TPRY and XRMI is 0.73, 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	0.73

Return for Risk

TPRY vs. XRMI — Risk / Return Rank

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

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.

TPRY vs. XRMI - 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 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.

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

Sharpe Ratios by Period

	TPRY	XRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.37	+1.06

Drawdowns

TPRY vs. XRMI - Drawdown Comparison

The maximum TPRY drawdown since its inception was -10.85%, smaller than the maximum XRMI drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for TPRY and XRMI.

Drawdown Indicators

	TPRY	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-10.85%	-15.31%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-0.19%	-0.20%	+0.01%
Average Drawdown Average peak-to-trough decline	-3.13%	-5.94%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.23%	—

Volatility

Volatility by Period

	TPRY	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	5.39%	+18.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	6.91%	+16.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	6.91%	+16.69%

TPRY vs. XRMI - Expense Ratio Comparison

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

Dividends

TPRY vs. XRMI - Dividend Comparison

TPRY's dividend yield for the trailing twelve months is around 3.54%, less than XRMI's 12.62% yield.

Position	TTM	2025	2024	2023	2022	2021
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	3.54%	0.00%	0.00%	0.00%	0.00%	0.00%
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 TPRY and XRMI in my portfolio?

TPRY and XRMI have a correlation of 0.73, 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 XRMI?

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.

Which ETF is cheaper, TPRY or XRMI?

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

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

XRMI has the higher dividend yield at 12.62%, compared with 3.54% for TPRY.

What is the main difference between TPRY and XRMI?

TPRY tracks BITA VistaShares TEPRTantrum Select, while XRMI tracks Cboe S&P 500 Risk Managed Income Index. They also come from different issuers: VistaShares and Global X. Their fees differ too: 0.95% for TPRY and 0.60% for XRMI.