Global X - S&P 500 Risk Managed Income ETF
$17.38+0.01 (+0.06%)
- 0.60%
- $62M
- +11.5%
- 12.34%
- 0M sh
- $17.35
- low $16.73high $18.08
The ETF.net XRMI Grade
B
Score 57 out of 100
- 27 of 52
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 26 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A82 out of 100Rank 24 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 17 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F20 out of 100Rank 48 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 9 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 27 of 52
Our read on XRMI
BA covered-call fund with a seatbelt. XRMI owns the S&P 500, sells at-the-money calls for income, and spends part of that premium on puts 5% below the market, so the hedge is built in rather than bolted on. Pays monthly.
XRMI seeks returns broadly corresponding to the price and yield performance of the Cboe S&P 500 Risk Managed Income Index. It owns S&P 500 stocks and uses a net-credit collar to generate income while mitigating significant market declines.
Why people hold it
- Net-credit collar: it sells at-the-money S&P 500 calls and buys 5% out-of-the-money puts, sized so the call premium collected exceeds the cost of the puts.globalxetfs.comassets.globalxetfs.com
- Calls are struck at the money, the fattest part of the premium curve, not safely out of the money. Distributions go out monthly.globalxetfs.com
- Holds the roughly 500 S&P 500 stocks outright and layers the options on top. No swap counterparty, no fund-of-funds wrapper.
- Running since 2021 and tied to a published Cboe index, so strikes and rolls follow a rulebook rather than a manager's read of the tape.
Worth knowing
- At-the-money calls trade away the upside above the strike each period, so equity gains in a strong rally are structurally limited.globalxetfs.com
- The put starts 5% below the market, so the first slice of a decline lands on the fund before the hedge engages.globalxetfs.com
- At 0.60% it sits at the median of a crowded S&P 500 options-income field where IVVW (0.25%) and GPIX (0.35%) run cheaper, and it trades thinly, so spreads matter.
XRMI Holdings
- Stocks
- 507
- 40%
- NVDA
Sectors
- Technology40.7%
- Financials11.3%
- Communication9.7%
- Health Care8.9%
- Consumer Discretionary8.7%
- Industrials7.3%
- Consumer Staples4.4%
- Energy3.6%
- Utilities2.0%
- Materials1.8%
- Real Estate1.7%
Geography
- United States97.62%
- Ireland1.25%
- United Kingdom0.36%
- Switzerland0.29%
- Singapore0.27%
- Netherlands0.12%
- Bermuda0.07%
- Canada0.01%
XRMI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
XRMI$11,151
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XRMI |
|---|---|
| Year to date | +6.6% |
| 1 month | +1.0% |
| 3 months | +3.1% |
| 1 year | +11.5% |
| 3 years | +9.1% |
| 5 years | +3.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XRMI |
|---|---|---|
| 2026 YTD | +6.6% | |
| 2025 | +4.6% | |
| 2024 | +15.2% | |
| 2023 | +4.2% | |
| 2022 | −14.0% | |
| 2021 | +2.7% |
XRMI in the news
XRMI Dividends
- 12.34%
- $2.14
- $0.17 per share
- Monthly
Distribution history
XRMI Risk
- 5.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.82
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.35
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XRMI Cost
0.60%
XRMI0.60%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
24 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- BHEQTSimplify Hedged Equity ETFExpense ratio 0.53%1 year return +13.8%
- BOVLOverlay Shares Large Cap Equity ETFExpense ratio 0.79%1 year return +24.2%
- BHEMIHartford Equity Premium Income ETFExpense ratio 0.58%1 year return —
- BPHDGInvesco S&P 500 Downside Hedged ETFExpense ratio 0.44%1 year return +14.2%
- COVLHOverlay Shares Hedged Large Cap Equity ETFExpense ratio 0.80%1 year return +11.5%