PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XRMI vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XRMI vs. QQQ

Last updated Aug 2, 2026
Documentation

XRMI (Global X S&P 500 Risk Managed Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - XRMI is a Derivative Income fund tracking the Cboe S&P 500 Risk Managed Income Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, XRMI returned 6.75%/yr vs 22.29%/yr for QQQ. Their 0.71 correlation means they have sometimes moved together and sometimes differently. XRMI charges 0.60%/yr vs 0.18%/yr for QQQ.

Performance

XRMI vs. QQQ - 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 Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XRMI achieves a 3.64% return, which is significantly lower than QQQ's 12.26% return.

XRMI

1D
0.11%
1M
1.10%
6M
2.36%
YTD
3.64%
1Y
10.84%
3Y*
6.75%
5Y*
—
10Y*
—
ALL TIME*
2.76%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

XRMI

Global X S&P 500 Risk Managed Income ETF
$126.16K$125.56K$168.31K

XRMI vs. QQQ - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XRMI
Global X S&P 500 Risk Managed Income ETF		3.64%4.60%15.18%4.22%-14.06%2.26%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%54.86%-32.58%6.40%

Correlation

The correlation between XRMI and QQQ is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.69

Correlation (3Y)
Balances recent behavior with more history.

0.64

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2021

0.71

The correlation between XRMI and QQQ has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

XRMI vs. QQQ - Sectors Allocation Comparison

Sectors
XRMI
QQQ

Technology

38.5%
60.9%

Financial Services

11.5%
0.2%

Communication Services

9.9%
13.1%

Consumer Cyclical

9.5%
10.7%

Healthcare

8.9%
3.6%

Industrials

8.4%
2.7%

Consumer Defensive

4.5%
6.3%

Energy

3.0%
0.5%

Utilities

2.2%
1.1%

Real Estate

1.9%
0.1%

Basic Materials

1.6%
1.0%

Technology

XRMI
38.5%
QQQ
60.9%

Financial Services

XRMI
11.5%
QQQ
0.2%

Communication Services

XRMI
9.9%
QQQ
13.1%

Consumer Cyclical

XRMI
9.5%
QQQ
10.7%

Healthcare

XRMI
8.9%
QQQ
3.6%

Industrials

XRMI
8.4%
QQQ
2.7%

Consumer Defensive

XRMI
4.5%
QQQ
6.3%

Energy

XRMI
3.0%
QQQ
0.5%

Utilities

XRMI
2.2%
QQQ
1.1%

Real Estate

XRMI
1.9%
QQQ
0.1%

Basic Materials

XRMI
1.6%
QQQ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P 500 Risk Managed Income ETF

Invesco QQQ ETF

Often compared with XRMI:
XRMI vs. QRMIXRMI vs. XYLDXRMI vs. XTRXRMI vs. AMZYXRMI vs. JEPIXRMI vs. QYLDXRMI vs. SPY
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

XRMI vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XRMI
XRMI Risk / Return Rank: 7171
Overall Rank
XRMI Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XRMI Sortino Ratio Rank: 7676
Sortino Ratio Rank
XRMI Omega Ratio Rank: 8080
Omega Ratio Rank
XRMI Calmar Ratio Rank: 5656
Calmar Ratio Rank
XRMI Martin Ratio Rank: 6666
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XRMI vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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.

XRMIQQQDifference
Sharpe ratioReturn per unit of total volatility
1.76
1.16

+0.60

Sortino ratioReturn per unit of downside risk
2.45
1.65

+0.80

Omega ratioGain probability vs. loss probability

1.34

1.21

+0.13

Calmar ratioReturn relative to maximum drawdown

1.98

1.88

+0.11

Martin ratioReturn relative to average drawdown

7.99

6.00

+1.99

XRMI vs. QQQ - Sharpe Ratio Comparison

The current XRMI Sharpe Ratio is 1.76, which is higher than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of XRMI and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XRMI vs. QQQ - Drawdown Comparison

The maximum XRMI drawdown since its inception was -15.31%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for XRMI and QQQ.

Loading charts...

Drawdown Indicators

XRMIQQQDifference

Max Drawdown

Largest peak-to-trough decline

-15.31%

-82.97%

+67.66%

Max Drawdown (1Y)

Largest decline over 1 year

-5.02%

-11.96%

+6.94%

Max Drawdown (3Y)

Largest decline over 3 years

-8.34%

-22.77%

+14.43%

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.12%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-0.23%

-7.69%

+7.46%

Average Drawdown

Average peak-to-trough decline

-5.75%

-32.62%

+26.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.25%

3.74%

-2.49%

Volatility

XRMI vs. QQQ - Volatility Comparison

The current volatility for Global X S&P 500 Risk Managed Income ETF (XRMI) is 1.60%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that XRMI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XRMIQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.60%

6.87%

-5.27%

Volatility (6M)

Calculated over the trailing 6-month period

4.46%

16.08%

-11.62%

Volatility (1Y)

Calculated over the trailing 1-year period

5.68%

19.38%

-13.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.87%

22.90%

-16.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.87%

22.50%

-15.63%

XRMI vs. QQQ - Expense Ratio Comparison

XRMI has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

XRMI vs. QQQ - Dividend Comparison

XRMI's dividend yield for the trailing twelve months is around 12.52%, more than QQQ's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
XRMI
Global X S&P 500 Risk Managed Income ETF		12.52%12.35%11.86%12.62%12.84%2.93%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XRMI and QQQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.87%) compared to XRMI (1.60%). In terms of maximum drawdown, XRMI dropped -15.31% vs QQQ's -82.97%.

On 3-year performance, QQQ leads with 22.29% vs 6.75% for XRMI. On fees, QQQ is cheaper at 0.18% per year. On volatility, XRMI has been the lower-risk option at 1.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, QQQ has performed better with a 22.29% return vs 6.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.60% for XRMI.

XRMI has the higher dividend yield at 12.52%, compared with 0.44% for QQQ.

XRMI is categorized as Derivative Income, while QQQ is Nasdaq-100. XRMI tracks Cboe S&P 500 Risk Managed Income Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.60% for XRMI and 0.18% for QQQ.

XRMI currently has the higher Sharpe Ratio (1.76 vs 1.16), 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.

Portfolio Optimizer

Find the right allocation for XRMI and QQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer