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XYLD vs. QRMI
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XYLD vs. QRMI

Last updated Apr 2, 2026

Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI).

XYLD and QRMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013. QRMI is an actively managed fund by Global X. It was launched on Aug 25, 2021.

Performance

XYLD vs. QRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call ETF (XYLD) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). The values are adjusted to include any dividend payments, if applicable.

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XYLD vs. QRMI - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XYLD
Global X S&P 500 Covered Call ETF		-0.58%8.02%19.49%11.10%-12.05%5.13%
QRMI
Global X NASDAQ 100 Risk Managed Income ETF		-2.50%3.76%14.72%11.73%-18.50%-1.88%

Returns By Period

In the year-to-date period, XYLD achieves a -0.58% return, which is significantly higher than QRMI's -2.50% return.

XYLD

1D
0.46%
1M
-2.54%
YTD
-0.58%
6M
5.60%
1Y
10.98%
3Y*
10.37%
5Y*
7.05%
10Y*
7.92%

QRMI

1D
0.75%
1M
-2.37%
YTD
-2.50%
6M
1.31%
1Y
2.76%
3Y*
6.39%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Covered Call ETF

Global X NASDAQ 100 Risk Managed Income ETF

Often compared with XYLD:
XYLD vs. JEPIXYLD vs. QYLDXYLD vs. SPYXYLD vs. RYLDXYLD vs. XYLGXYLD vs. VOOXYLD vs. HYLD.TO
Often compared with QRMI:
QRMI vs. QYLDQRMI vs. XRMIQRMI vs. QCLRQRMI vs. QQQQRMI vs. QYLGQRMI vs. JEPIQRMI vs. DJIA

XYLD vs. QRMI - Expense Ratio Comparison

Both XYLD and QRMI have an expense ratio of 0.60%.

XYLD
Global X S&P 500 Covered Call ETF
QRMI
Global X NASDAQ 100 Risk Managed Income ETF

Return for Risk

XYLD vs. QRMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XYLD
XYLD Risk / Return Rank: 5151
Overall Rank
XYLD Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
XYLD Sortino Ratio Rank: 4343
Sortino Ratio Rank
XYLD Omega Ratio Rank: 6969
Omega Ratio Rank
XYLD Calmar Ratio Rank: 4040
Calmar Ratio Rank
XYLD Martin Ratio Rank: 6262
Martin Ratio Rank
QRMI
QRMI Risk / Return Rank: 2121
Overall Rank
QRMI Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
QRMI Sortino Ratio Rank: 1919
Sortino Ratio Rank
QRMI Omega Ratio Rank: 2020
Omega Ratio Rank
QRMI Calmar Ratio Rank: 2323
Calmar Ratio Rank
QRMI Martin Ratio Rank: 2323
Martin Ratio Rank
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.

XYLD vs. QRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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.

XYLDQRMIDifference

Sharpe ratio

Return per unit of total volatility

0.79

0.36

+0.43

Sortino ratio

Return per unit of downside risk

1.27

0.55

+0.72

Omega ratio

Gain probability vs. loss probability

1.26

1.08

+0.18

Calmar ratio

Return relative to maximum drawdown

1.09

0.55

+0.54

Martin ratio

Return relative to average drawdown

6.37

1.59

+4.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYLD vs. QRMI - Sharpe Ratio Comparison

The current XYLD Sharpe Ratio is 0.79, which is higher than the QRMI Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of XYLD and QRMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XYLDQRMIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.79

0.36

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.09

+0.48

Correlation

The correlation between XYLD and QRMI is 0.75, 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.

Dividends

XYLD vs. QRMI - Dividend Comparison

XYLD's dividend yield for the trailing twelve months is around 10.93%, less than QRMI's 12.66% yield.

TTM20252024202320222021202020192018201720162015
XYLD
Global X S&P 500 Covered Call ETF		10.93%10.51%11.54%10.51%13.43%9.07%7.93%5.76%7.12%5.18%3.23%4.65%
QRMI
Global X NASDAQ 100 Risk Managed Income ETF		12.66%12.28%11.80%12.44%10.65%3.36%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

XYLD vs. QRMI - Drawdown Comparison

The maximum XYLD drawdown since its inception was -33.46%, which is greater than QRMI's maximum drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for XYLD and QRMI.

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Drawdown Indicators

XYLDQRMIDifference

Max Drawdown

Largest peak-to-trough decline

-33.46%

-20.95%

-12.51%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-5.04%

-5.10%

Max Drawdown (5Y)

Largest decline over 5 years

-18.66%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.46%

—

—

Current Drawdown

Current decline from peak

-2.94%

-3.54%

+0.60%

Average Drawdown

Average peak-to-trough decline

-3.76%

-8.25%

+4.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

1.74%

-0.01%

Volatility

XYLD vs. QRMI - Volatility Comparison

Global X S&P 500 Covered Call ETF (XYLD) has a higher volatility of 4.03% compared to Global X NASDAQ 100 Risk Managed Income ETF (QRMI) at 3.02%. This indicates that XYLD's price experiences larger fluctuations and is considered to be riskier than QRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XYLDQRMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.03%

3.02%

+1.01%

Volatility (6M)

Calculated over the trailing 6-month period

5.83%

4.93%

+0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

7.77%

+6.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.30%

8.46%

+2.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.23%

8.46%

+5.77%