XRMI vs. FIYY

Last updated Jul 14, 2026

XRMI (Global X S&P 500 Risk Managed Income ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. XRMI is passively managed, while FIYY is actively managed. At a 0.26 correlation, their price movements are largely independent. XRMI charges 0.60%/yr vs 1.07%/yr for FIYY.

Performance

XRMI vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Risk Managed Income ETF (XRMI) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XRMI

• 1D: -0.23%
• 1M: 1.52%
• 6M: 2.46%
• YTD: 3.15%
• 1Y: 9.55%
• 3Y*: 6.84%
• 5Y*: —
• 10Y*: —

FIYY

• 1D: -0.07%
• 1M: -0.64%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRMI vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
XRMI Global X S&P 500 Risk Managed Income ETF	2.77%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-2.01%

Correlation

The correlation between XRMI and FIYY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.26

Return for Risk

XRMI vs. FIYY — Risk / Return Rank

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

XRMI

XRMI Risk / Return Rank: 61
XRMI Sharpe Ratio Rank: 67
XRMI Sortino Ratio Rank: 66
XRMI Omega Ratio Rank: 70
XRMI Calmar Ratio Rank: 48
XRMI Martin Ratio Rank: 56

FIYY

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

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.

XRMI vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Risk Managed Income ETF (XRMI) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

	XRMI	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	1.91	—	—
Martin ratio: Return relative to average drawdown	7.69	—	—

Drawdowns

XRMI vs. FIYY - Drawdown Comparison

The maximum XRMI drawdown since its inception was -15.31%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for XRMI and FIYY.

Drawdown Indicators

	XRMI	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-2.51%	-12.80%
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	-0.23%	-2.13%	+1.90%
Average Drawdown Average peak-to-trough decline	-5.81%	-1.47%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	—	—

Volatility

Volatility by Period

	XRMI	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	5.08%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.88%	5.08%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.88%	5.08%	+1.80%

XRMI vs. FIYY - Expense Ratio Comparison

XRMI has a 0.60% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

XRMI vs. FIYY - Dividend Comparison

XRMI's dividend yield for the trailing twelve months is around 12.54%, more than FIYY's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%	0.00%	0.00%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.54%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both XRMI and FIYY in my portfolio?

XRMI and FIYY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRMI or FIYY?

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, XRMI or FIYY?

XRMI is cheaper with a 0.60% expense ratio, compared with 1.07% for FIYY.

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

XRMI has the higher dividend yield at 12.54%, compared with 1.13% for FIYY.

What is the main difference between XRMI and FIYY?

They also come from different issuers: Global X and GraniteShares. Their fees differ too: 0.60% for XRMI and 1.07% for FIYY.