XRMI vs. AMZY
Compare and contrast key facts about Global X S&P 500 Risk Managed Income ETF (XRMI) and YieldMax AMZN Option Income Strategy ETF (AMZY).
XRMI and AMZY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021. AMZY is an actively managed fund by YieldMax. It was launched on Jul 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XRMI or AMZY.
Correlation
The correlation between XRMI and AMZY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XRMI vs. AMZY - Performance Comparison
Key characteristics
XRMI:
0.90
AMZY:
0.19
XRMI:
1.31
AMZY:
0.44
XRMI:
1.18
AMZY:
1.06
XRMI:
0.82
AMZY:
0.22
XRMI:
3.21
AMZY:
0.61
XRMI:
2.13%
AMZY:
8.36%
XRMI:
7.63%
AMZY:
26.84%
XRMI:
-15.29%
AMZY:
-23.69%
XRMI:
-7.06%
AMZY:
-16.86%
Returns By Period
In the year-to-date period, XRMI achieves a -4.60% return, which is significantly higher than AMZY's -9.35% return.
XRMI
-4.60%
-3.91%
-0.79%
6.35%
N/A
N/A
AMZY
-9.35%
-6.17%
1.38%
5.10%
N/A
N/A
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XRMI vs. AMZY - Expense Ratio Comparison
XRMI has a 0.60% expense ratio, which is lower than AMZY's 0.99% expense ratio.
Risk-Adjusted Performance
XRMI vs. AMZY — Risk-Adjusted Performance Rank
XRMI
AMZY
XRMI vs. AMZY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Risk Managed Income ETF (XRMI) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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.
Dividends
XRMI vs. AMZY - Dividend Comparison
XRMI's dividend yield for the trailing twelve months is around 12.87%, less than AMZY's 55.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
XRMI Global X S&P 500 Risk Managed Income ETF | 12.87% | 11.87% | 12.61% | 12.85% | 2.94% |
AMZY YieldMax AMZN Option Income Strategy ETF | 55.29% | 47.91% | 9.90% | 0.00% | 0.00% |
Drawdowns
XRMI vs. AMZY - Drawdown Comparison
The maximum XRMI drawdown since its inception was -15.29%, smaller than the maximum AMZY drawdown of -23.69%. Use the drawdown chart below to compare losses from any high point for XRMI and AMZY. For additional features, visit the drawdowns tool.
Volatility
XRMI vs. AMZY - Volatility Comparison
The current volatility for Global X S&P 500 Risk Managed Income ETF (XRMI) is 4.46%, while YieldMax AMZN Option Income Strategy ETF (AMZY) has a volatility of 14.87%. This indicates that XRMI experiences smaller price fluctuations and is considered to be less risky than AMZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.