XRMI vs. VOO
Compare and contrast key facts about Global X S&P 500 Risk Managed Income ETF (XRMI) and Vanguard S&P 500 ETF (VOO).
XRMI and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both XRMI and VOO 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 VOO.
Key characteristics
| XRMI | VOO | |
|---|---|---|
| YTD Return | 12.52% | 27.26% |
| 1Y Return | 14.86% | 37.86% |
| 3Y Return (Ann) | 0.47% | 10.35% |
| Sharpe Ratio | 2.75 | 3.25 |
| Sortino Ratio | 4.00 | 4.31 |
| Omega Ratio | 1.58 | 1.61 |
| Calmar Ratio | 1.20 | 4.74 |
| Martin Ratio | 18.45 | 21.63 |
| Ulcer Index | 0.82% | 1.85% |
| Daily Std Dev | 5.50% | 12.25% |
| Max Drawdown | -15.29% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XRMI and VOO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XRMI vs. VOO - Performance Comparison
In the year-to-date period, XRMI achieves a 12.52% return, which is significantly lower than VOO's 27.26% 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. VOO - Expense Ratio Comparison
XRMI has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
XRMI vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
XRMI's dividend yield for the trailing twelve months is around 11.85%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XRMI Global X S&P 500 Risk Managed Income ETF | 11.85% | 12.61% | 12.85% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
XRMI vs. VOO - Drawdown Comparison
The maximum XRMI drawdown since its inception was -15.29%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XRMI and VOO. For additional features, visit the drawdowns tool.
Volatility
XRMI vs. VOO - Volatility Comparison
The current volatility for Global X S&P 500 Risk Managed Income ETF (XRMI) is 1.87%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that XRMI experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.