XRMI vs. THTA

Last updated Jun 4, 2026

XRMI (Global X S&P 500 Risk Managed Income ETF) and THTA (SoFi Enhanced Yield ETF) are both Derivative Income funds. XRMI is passively managed, while THTA is actively managed. Over the past year, XRMI returned 9.48% vs 16.78% for THTA. At a 0.38 correlation, their price movements are largely independent. XRMI charges 0.60%/yr vs 0.49%/yr for THTA.

Performance

XRMI vs. THTA - 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 SoFi Enhanced Yield ETF (THTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRMI achieves a 1.75% return, which is significantly lower than THTA's 6.86% return.

XRMI

• 1D: -0.20%
• 1M: 1.38%
• YTD: 1.75%
• 6M: 2.96%
• 1Y: 9.48%
• 3Y*: 6.71%
• 5Y*: —
• 10Y*: —

THTA

• 1D: -0.02%
• 1M: 0.56%
• YTD: 6.86%
• 6M: 8.04%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRMI vs. THTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XRMI Global X S&P 500 Risk Managed Income ETF	1.75%	4.60%	15.18%	2.05%
THTA SoFi Enhanced Yield ETF	6.86%	-10.24%	7.31%	1.04%

Correlation

The correlation between XRMI and THTA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	0.38

Return for Risk

XRMI vs. THTA — Risk / Return Rank

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

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 51
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 55
XRMI Calmar Ratio Rank: 39
XRMI Martin Ratio Rank: 46

THTA

THTA Risk / Return Rank: 92
THTA Sharpe Ratio Rank: 87
THTA Sortino Ratio Rank: 90
THTA Omega Ratio Rank: 95
THTA Calmar Ratio Rank: 92
THTA Martin Ratio Rank: 97

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. THTA - 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 SoFi Enhanced Yield ETF (THTA). 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.

	XRMI	THTA	Difference
Sharpe ratio Return per unit of total volatility	1.78	2.91	-1.13
Sortino ratio Return per unit of downside risk	2.48	4.29	-1.81
Omega ratio Gain probability vs. loss probability	1.35	1.75	-0.40
Calmar ratio Return relative to maximum drawdown	1.90	6.39	-4.49
Martin ratio Return relative to average drawdown	7.70	52.08	-44.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRMI vs. THTA - Sharpe Ratio Comparison

The current XRMI Sharpe Ratio is 1.78, which is lower than the THTA Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of XRMI and THTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XRMI	THTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.91	-1.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.08	+0.29

Drawdowns

XRMI vs. THTA - Drawdown Comparison

The maximum XRMI drawdown since its inception was -15.31%, smaller than the maximum THTA drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for XRMI and THTA.

Drawdown Indicators

	XRMI	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-31.41%	+16.10%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-2.64%	-2.38%
Max Drawdown (3Y) Largest decline over 3 years	-8.34%	—	—
Current Drawdown Current decline from peak	-0.20%	-6.79%	+6.59%
Average Drawdown Average peak-to-trough decline	-5.94%	-7.52%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	0.32%	+0.91%

Volatility

XRMI vs. THTA - Volatility Comparison

Global X S&P 500 Risk Managed Income ETF (XRMI) has a higher volatility of 0.89% compared to SoFi Enhanced Yield ETF (THTA) at 0.75%. This indicates that XRMI's price experiences larger fluctuations and is considered to be riskier than THTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRMI	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.75%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	4.21%	4.00%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	5.39%	5.80%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.91%	20.25%	-13.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.91%	20.25%	-13.34%

XRMI vs. THTA - Expense Ratio Comparison

XRMI has a 0.60% expense ratio, which is higher than THTA's 0.49% expense ratio.

Dividends

XRMI vs. THTA - Dividend Comparison

XRMI's dividend yield for the trailing twelve months is around 12.62%, more than THTA's 11.26% yield.

Position	TTM	2025	2024	2023	2022	2021
THTA SoFi Enhanced Yield ETF	11.26%	12.66%	12.44%	0.58%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.62%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both XRMI and THTA in my portfolio?

XRMI and THTA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XRMI or THTA?

XRMI has higher volatility (0.89%) compared to THTA (0.75%). In terms of maximum drawdown, XRMI dropped -15.31% vs THTA's -31.41%.

Which ETF is better, XRMI or THTA?

On 1-year performance, THTA leads with 16.78% vs 9.48% for XRMI. On fees, THTA is cheaper at 0.49% per year. On volatility, THTA has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRMI or THTA?

Over the 1-year period, THTA has performed better with a 16.78% return vs 9.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRMI or THTA?

THTA is cheaper with a 0.49% expense ratio, compared with 0.60% for XRMI.

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

XRMI has the higher dividend yield at 12.62%, compared with 11.26% for THTA.

What is the main difference between XRMI and THTA?

They also come from different issuers: Global X and SoFi. Their fees differ too: 0.60% for XRMI and 0.49% for THTA.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.91 vs 1.78), 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.