TSLP vs. XRMI

Last updated Jun 24, 2026

TSLP (Kurv Yield Premium Strategy Tesla ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. TSLP is actively managed, while XRMI is passively managed. Over the past year, TSLP returned 1.58% vs 9.03% for XRMI. At a 0.45 correlation, their price movements are largely independent. TSLP charges 0.99%/yr vs 0.60%/yr for XRMI.

Performance

TSLP vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Tesla ETF (TSLP) 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, TSLP achieves a -18.90% return, which is significantly lower than XRMI's 1.66% return.

TSLP

• 1D: -6.26%
• 1M: -11.44%
• YTD: -18.90%
• 6M: -24.71%
• 1Y: 1.58%
• 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)

TSLP vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLP Kurv Yield Premium Strategy Tesla ETF	-18.90%	9.77%	41.53%	18.37%
XRMI Global X S&P 500 Risk Managed Income ETF	1.66%	4.60%	15.18%	4.35%

Correlation

The correlation between TSLP and XRMI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.45

Return for Risk

TSLP vs. XRMI — Risk / Return Rank

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

TSLP

TSLP Risk / Return Rank: 9
TSLP Sharpe Ratio Rank: 9
TSLP Sortino Ratio Rank: 10
TSLP Omega Ratio Rank: 10
TSLP Calmar Ratio Rank: 9
TSLP Martin Ratio Rank: 9

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.

TSLP vs. XRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla ETF (TSLP) 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.

	TSLP	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	0.04	1.65	-1.61
Sortino ratio: Return per unit of downside risk	0.34	2.30	-1.96
Omega ratio: Gain probability vs. loss probability	1.04	1.32	-0.28
Calmar ratio: Return relative to maximum drawdown	0.05	1.81	-1.76
Martin ratio: Return relative to average drawdown	0.11	7.28	-7.17

TSLP vs. XRMI - Sharpe Ratio Comparison

The current TSLP Sharpe Ratio is 0.04, which is lower than the XRMI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of TSLP 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

TSLP vs. XRMI - Drawdown Comparison

The maximum TSLP drawdown since its inception was -46.00%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for TSLP and XRMI.

Drawdown Indicators

	TSLP	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-15.31%	-30.69%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-5.02%	-26.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-25.09%	-0.52%	-24.57%
Average Drawdown Average peak-to-trough decline	-15.82%	-5.87%	-9.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.90%	1.24%	+12.66%

Volatility

TSLP vs. XRMI - Volatility Comparison

Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 15.89% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 1.71%. This indicates that TSLP'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

	TSLP	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.89%	1.71%	+14.18%
Volatility (6M) Calculated over the trailing 6-month period	30.80%	4.44%	+26.36%
Volatility (1Y) Calculated over the trailing 1-year period	42.02%	5.52%	+36.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.85%	6.91%	+41.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.85%	6.91%	+41.94%

TSLP vs. XRMI - Expense Ratio Comparison

TSLP has a 0.99% expense ratio, which is higher than XRMI's 0.60% expense ratio.

Dividends

TSLP vs. XRMI - Dividend Comparison

TSLP's dividend yield for the trailing twelve months is around 31.21%, more than XRMI's 12.73% yield.

Position	TTM	2025	2024	2023	2022	2021
TSLP Kurv Yield Premium Strategy Tesla ETF	31.21%	31.05%	21.82%	4.39%	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 TSLP and XRMI in my portfolio?

TSLP and XRMI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLP or XRMI?

TSLP has higher volatility (15.89%) compared to XRMI (1.71%). In terms of maximum drawdown, TSLP dropped -46.00% vs XRMI's -15.31%.

Which ETF is better, TSLP or XRMI?

On 1-year performance, XRMI leads with 9.03% vs 1.58% for TSLP. 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, TSLP or XRMI?

Over the 1-year period, XRMI has performed better with a 9.03% return vs 1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLP or XRMI?

XRMI is cheaper with a 0.60% expense ratio, compared with 0.99% for TSLP.

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

TSLP has the higher dividend yield at 31.21%, compared with 12.73% for XRMI.

What is the main difference between TSLP and XRMI?

They also come from different issuers: Kurv and Global X. Their fees differ too: 0.99% for TSLP and 0.60% for XRMI.

Which has better risk-adjusted returns?

XRMI currently has the higher Sharpe Ratio (1.65 vs 0.04), 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.