Global X S&P 500 Risk Managed Income ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
XRMI tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. |
Category | US Equities |
Fund Sponsor | Global X |
Website | www.globalxetfs.com/funds/xrmi/ |
Inception date | Aug 25, 2021 |
Assets (mns) | $40 |
Currency | USD |
Expense ratio | 60 bp |
Distributions | Monthly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Fixed |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 503 |
Wgt avg mkt cap (mns) | $884,096 |
Large cap (>$10bn) | 99.4% |
Mid cap ($2-10bn) | 0.4% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
APPLE INC | 7.0 % |
NVIDIA CORP | 6.9 % |
MICROSOFT CORP | 6.3 % |
AMAZON.COM INC | 3.8 % |
META PLATFORMS INC | 2.5 % |
ALPHABET INC. CLASS A | 2.1 % |
ALPHABET INC. CLASS C | 1.7 % |
BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
BROADCOM INC. | 1.6 % |
TESLA MOTORS INC | 1.4 % | Total | 35.0 % |
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UNITED STATES | 96.8 % | |
IRELAND | 1.7 % | |
BRITAIN | 0.6 % | |
SWITZERLAND | 0.3 % | |
NETHERLANDS | 0.1 % | |
BERMUDA | 0.1 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
7.8% | 11.8% | -- | -- | 0.3% |
versus... | Beta | R-squared |
S&P500 | 0.34 | 75% |
MSCI EAFE | 0.29 | 56% |
MSCI Emg. Mkts. | 0.22 | 33% |
Recent close | $19.17 |
30d moving avg. | $19.03 |
Annualized volatility | 6.7% |
Short interest (ETF) | 0.9% |
Relative strength (RSI) | 49 |
Avg. volume (thou.) | 12 |
Turnover | 0.6% |
Bid/Ask (% of price) | 0.34% |
ADV underlying (mns) | $328,493 |
FINDING ALTERNATIVE FUNDS
Below is a list of 36 potential alternatives to the Global X S&P 500 Risk Managed Income ETF ETF based on the alternatives' overlap in portfolio holdings with XRMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | XRMI | Expense: | 60 bp | ALTAR Score™: | 4.5% |
Ticker | Fund Name |
Overlap1 vs XRMI (%) |
Expense ratio (bp) |
Savings vs XRMI (bp) |
ALTAR Score™ (%) |
ALTAR vs XRMI (%) |
XYLD | Global X S&P 500 Covered Call ETF | 99.2 | 60 | 0 | 4.5 | -0.0 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 99.1 | 60 | 0 | 4.5 | -0.0 |
PBP | Invesco S&P 500 BuyWrite ETF | 98.8 | 49 | 11 | 4.5 | +0.1 |
XTR | Global X S&P 500 Tail Risk ETF | 98.4 | 26 | 34 | 4.9 | +0.5 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 98.0 | 25 | 35 | 5.0 | +0.5 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 70.8 | 60 | 0 | 4.8 | +0.3 |
EFIV | SPDR S&P 500 ESG ETF | 70.6 | 10 | 50 | 5.1 | +0.6 |
SFLR | Innovator Equity Managed Floor ETF | 67.4 | 89 | -29 | 4.0 | -0.5 |
FTHI | First Trust BuyWrite Income ETF | 62.1 | 75 | -15 | 4.6 | +0.1 |
ACIO | Aptus Collared Investment Opportunity ETF | 57.6 | 79 | -19 | 4.0 | -0.5 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 47.3 | 26 | 34 | 4.5 | +0.1 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 47.3 | 60 | 0 | 4.2 | -0.3 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 47.3 | 60 | 0 | 4.2 | -0.3 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 47.3 | 25 | 35 | 4.6 | +0.1 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 47.3 | 60 | 0 | 4.2 | -0.3 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 47.3 | 68 | -8 | 4.0 | -0.5 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 47.1 | 35 | 25 | 4.4 | -0.1 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 44.6 | 60 | 0 | 4.4 | -0.1 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 43.9 | 75 | -15 | 3.4 | -1.1 |
MMLG | First Trust Multi-Manager Large Growth ETF | 42.3 | 85 | -25 | 2.3 | -2.2 |
GARP | iShares MSCI USA Quality GARP ETF | 41.3 | 15 | 45 | 4.8 | +0.4 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 31.6 | 82 | -22 | 5.7 | +1.2 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 31.0 | 60 | 0 | 4.5 | +0.1 |
DJIA | Global X Dow 30 Covered Call ETF | 26.2 | 60 | 0 | 5.0 | +0.5 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 26.2 | 60 | 0 | 4.9 | +0.4 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 22.6 | 55 | 5 | 5.4 | +0.9 |
CCOR | Core Alternative ETF | 20.9 | 107 | -47 | 4.7 | +0.2 |
QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 18.1 | 58 | 2 | 3.8 | -0.7 |
THNQ | ROBO Global Artificial Intelligence ETF | 14.6 | 68 | -8 | 1.5 | -3.0 |
FYLG | Global X Financials Covered Call & Growth ETF | 13.3 | 60 | 0 | 4.8 | +0.3 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 12.7 | 75 | -15 | 5.3 | +0.9 |
HYLG | Global X Health Care Covered Call & Growth ETF | 11.2 | 60 | 0 | 6.6 | +2.1 |
LCG | Sterling Capital Focus Equity ETF | 10.4 | 59 | 1 | 3.6 | -0.9 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 7.0 | 83 | -23 | 5.0 | +0.6 |
IDVO | Amplify International Enhanced Dividend Income ETF | 0.4 | 65 | -5 | 7.8 | +3.3 |
GBLD | Invesco MSCI Green Building ETF | 0.1 | 39 | 21 | 8.4 | +3.9 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Global X S&P 500 Risk Managed Income ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
UNDERWEIGHT |
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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