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ETFs

Global X Funds Global X NASDAQ 100 Risk Managed Income ETF

QRMI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 25 2021
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$72,929
AUM
$10,897,881
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Apple Inc
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Amazon.com Inc.
5.57%
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3.72%
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Tesla Inc
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GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.16%
GOOG
Alphabet Inc - Ordinary Shares - Class C
3.11%
AVGO
Broadcom Inc
2.93%
COST
Costco Wholesale Corp
2.13%
Invest with QRMI

What is QRMI?

The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) employs a protective net-credit collar strategy for investors seeking the income characteristics of a covered call fund, while mitigating the risks of a major market selloff with a protective put. QRMI seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money put options on NDX and selling at-the-money call options on the same index.

ETFs related toQRMI

ETFs correlated to QRMI include QYLD, LGRO, QYLG

QRMI
Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
QYLG
Global X Funds - Global X Nasdaq 100 Covered Call & Growth ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
JEPQ
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Nasdaq Equity Premium Income ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
HLAL
Listed Funds Trust - Wahed FTSE USA Shariah ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
EFIV
SPDR Series Trust - SPDR S&P 500 ESG ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQRMI

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QRMI using Composer

FAQ

QRMI is a US Equities ETF. The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) employs a protective net-credit collar strategy for investors seeking the income characteristics of a covered call fund, while mitigating the risks of a major market selloff with a protective put. QRMI seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money put options on NDX and selling at-the-money call options on the same index.

QRMI tracks the Nasdaq 100 Index.

No, QRMI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QRMI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QRMI is -0.0153%. This is the percent change in the value of QRMI over the most recent 1-month period. The 3-month return on QRMI is -0.0194%. This is the percent change in the value of QRMI over the most recent 3-month period.

The standard deviation of QRMI for the past year is 0.0895%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QRMI include NJAN, QQQ, and TQQQ.

ETFs correlated to QRMI include QYLD, LGRO, and QYLG.

ETFs that are inversely correlated to QRMI include SPXS, SPDN, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.