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ETFs

Global X S&P 500 Risk Managed Income ETF

XRMI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 25, 2021
Expense Ratio
0.6%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$157,036
AUM
$27,671,007
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with XRMI
Trade XRMI Options

What is XRMI?

The Global X S&P 500 Risk Managed Income ETF (XRMI) 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. XRMI seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money put options on SPX and selling at-the-money call options on the same index.

1M
3M
6M
YTD
1Y
3Y
Max
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XRMI
Performance Measures**

for the time period Aug 26, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 1.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -15.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 7.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.35

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.15

The annualized return divided by the max drawdown for the selected time period.

ETFs related toXRMI

ETFs correlated to XRMI include XYLD, QYLD, RYLD

XRMI
Global X Funds - Global X S&P 500 Risk Managed Income ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July

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.

FAQ

XRMI is a US Equities ETF. The Global X S&P 500 Risk Managed Income ETF (XRMI) 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. XRMI seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money put options on SPX and selling at-the-money call options on the same index.

XRMI tracks the S&P 500 Index.

No, XRMI 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, XRMI 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 XRMI is -0.0063%. This is the percent change in the value of XRMI over the most recent 1-month period. The 3-month return on XRMI is -0.0124%. This is the percent change in the value of XRMI over the most recent 3-month period.

The standard deviation of XRMI for the past year is 0.0723%. 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 XRMI include SSO, IVV, and UPRO.

ETFs correlated to XRMI include XYLD, QYLD, and RYLD.

ETFs that are inversely correlated to XRMI include SPDN, SH, 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.