XRMI vs. FUTY
Compare and contrast key facts about Global X S&P 500 Risk Managed Income ETF (XRMI) and Fidelity MSCI Utilities Index ETF (FUTY).
XRMI and FUTY 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both XRMI and FUTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XRMI or FUTY.
Key characteristics
| XRMI | FUTY | |
|---|---|---|
| YTD Return | 3.23% | 7.69% |
| 1Y Return | 4.25% | 2.40% |
| Sharpe Ratio | 0.67 | 0.07 |
| Daily Std Dev | 5.62% | 16.95% |
| Max Drawdown | -15.29% | -36.44% |
| Current Drawdown | -7.68% | -8.27% |
Correlation
The correlation between XRMI and FUTY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XRMI vs. FUTY - Performance Comparison
In the year-to-date period, XRMI achieves a 3.23% return, which is significantly lower than FUTY's 7.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XRMI vs. FUTY - Expense Ratio Comparison
XRMI has a 0.60% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Risk-Adjusted Performance
XRMI vs. FUTY - 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 Fidelity MSCI Utilities Index ETF (FUTY). 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. FUTY - Dividend Comparison
XRMI's dividend yield for the trailing twelve months is around 12.40%, more than FUTY's 3.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XRMI Global X S&P 500 Risk Managed Income ETF | 12.40% | 12.62% | 12.85% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FUTY Fidelity MSCI Utilities Index ETF | 3.16% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
Drawdowns
XRMI vs. FUTY - Drawdown Comparison
The maximum XRMI drawdown since its inception was -15.29%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for XRMI and FUTY. For additional features, visit the drawdowns tool.
Volatility
XRMI vs. FUTY - Volatility Comparison
The current volatility for Global X S&P 500 Risk Managed Income ETF (XRMI) is 1.92%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 4.65%. This indicates that XRMI experiences smaller price fluctuations and is considered to be less risky than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.