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Launched · SEC filings

Global X S&P 500 Tail Risk ETF

XTRNYSE ArcaGlobal XC

$28.41−0.12 (−0.42%)

As of Nov 2, 2026, 3:59 PM ET

C40/ 100

Rank 57 of 77 in S&P 500 Buffer 9-12%

C40/100Rank 57 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 79 prints from 28.52 to 28.41. Range 28.41 to 28.78. Use the arrow keys to read each point.28.6028.7028.8010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$5M
1Y total return
+7.9%
Yield · Last 12 months
16.45%
Holdings
506
Avg volume · 30D
1.64K sh
52W range
low $24.63high $31.42
Launched
Filings
SEC EDGAR

The ETF.net XTR Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
57 of 77
Six-pillar profile for XTR. Scores out of 100: Cost 100, Risk 18, Mission not scored, Tradability 13, Holdings 85, Durability 46. Strongest: Cost (100). Weakest: Tradability (13). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
61
This cap took
−21
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F18 out of 100
    Rank 77 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F13 out of 100
    Rank 73 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A85 out of 100
    Rank 6 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 47 of 77

Our read on XTR

ETF.net Research

In short

CMost downside-protection ETFs sell away your upside to pay for it. XTR pays cash instead: it owns the S&P 500 stocks and buys 10% out-of-the-money puts every quarter, leaving the upside uncapped.

Stated mandate

The Fund seeks to track the performance of the Cboe S&P 500 Tail Risk Index before fees and expenses.

Why people hold it

  • No cap on the gains. The hedge is bought with cash rather than funded by selling calls, so index rallies come through less the put premium and fees.sec.gov
  • Costs 0.25%, well under half of what the defined-outcome funds it competes with typically charge for downside protection.
  • Owns the roughly 500 S&P 500 stocks themselves, with the put position layered on top, rather than wrapping the index in a stack of options.sec.gov
  • Rules-based and mechanical: puts are bought at 10% below the prevailing index level each quarter and held to expiration, with no manager guessing at timing.sec.gov

Worth knowing

  • Protection starts about 10% down and resets quarterly, so garden-variety dips are absorbed in full and the gap widens if the market rallies mid-quarter.sec.gov
  • Insurance is not free. The quarterly premium is a steady cost against plain index exposure, and in calm markets the puts expire worthless.sec.gov
  • A small fund that trades thinly, so limit orders matter and subscale products carry more risk of being closed than the category's giants.

XTR Performance

Launched Aug 25, 2021

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.
XTR$10,788
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XTR $10,788. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for XTR. Periods over one year show the average yearly return.
PeriodXTR
Year to date+8.1%
1 month−1.1%
3 months+1.0%
1 year+7.9%
3 yearsper year+19.2%
5 yearsper year+8.9%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XTR
YearReturn barXTR
2026 YTD+8.1%
2025+13.7%
2024+22.0%
2023+21.2%
2022−17.7%
2021+4.5%

History from Aug 26, 2021

XTR in the news

XTR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
16.45%Last 12 months
Payout per share
$4.69Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2021–2026

One bar per payment. 10 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.64; Jun 29, 2022 $0.10; Dec 29, 2022 $0.15; Jun 29, 2023 $0.10; Dec 28, 2023 $0.19; Jun 27, 2024 $0.17; Dec 30, 2024 $5.55; Jun 27, 2025 $0.11; Dec 30, 2025 $4.61; Jun 29, 2026 $0.08. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 2, 2026$0.08
Dec 30, 2025Jan 7, 2026$4.61
Jun 27, 2025Jul 7, 2025$0.11
Dec 30, 2024Jan 7, 2025$5.55
Jun 27, 2024Jul 5, 2024$0.17
Dec 28, 2023Jan 8, 2024$0.19
Jun 29, 2023Jul 10, 2023$0.10
Dec 29, 2022Jan 9, 2023$0.15
Jun 29, 2022Jul 8, 2022$0.10
Dec 30, 2021Jan 7, 2022$0.64

$10,000 in XTR 5 years ago paid $4,140 in dividends.

XTR Risk

Risk pillarF18 out of 100Rank 77 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
11.7%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.19
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−20.8%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.94
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XTR Cost

Cheapest in S&P 500 Buffer 9-12%

$5,159

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XTR 0.25%

    $5,159

$10,000
30 years

Cost over time

  • XTR 0.25%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530XTR $5,159

Year by year

YearXTR
10$455
20$1,769
30$5,159

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