QRMI vs QYLD: Grades, Fees and Holdings Compared

Global X Nasdaq 100 Risk Managed Income ETF

QRMIBNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

98.6%by weight

Expense ratio

QRMI0.60%QYLD0.60%

Avg volume · 30D

QYLD 596.9×the volume

QRMI7.22KQYLD4.31M

5Y return · a year

QYLD +5.8pt

QRMI+1.7%QYLD+7.5%

QRMI vs QYLD Performance

Nov 2, 2021 – Nov 2, 2026

+8.6%QRMI+43.5%QYLD

Expense ratio: QRMI 0.60%; QYLD 0.60%
Fund size: QRMI $15M; QYLD $8.2B
1Y total return: QRMI +3.1%; QYLD +14.3%, better
Yield (12M): QRMI 12.69%, better; QYLD 12.11%
Holdings: QRMI 104; QYLD 102
Avg volume (30D): QRMI 7.22K sh; QYLD 4.31M sh, better
NAV per share: QRMI $14.80; QYLD $17.88
52W range

ETF.net Grade

Pillar letters and Scores for QRMI, QYLD, with each pillar’s weight
Pillar	QRMI	QYLD
Cost30% weight	B65	B65
Mission25% weight	A85	A100Higher
Risk15% weight	B69	A71Higher
Tradability15% weight	C42	A89Higher
Holdings10% weight	B68	B68
Durability5% weight	C50	A90Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QRMI and QYLD are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds

See all 30 ›

QYLD ranks 3rd and QRMI 10th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 84
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 3AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 77
Rank 10BIQQQProShares Nasdaq-100 High Income ETFScore 66
Rank 10BQRMIGlobal X Nasdaq 100 Risk Managed Income ETFScore 66
Rank 10BTDAQTappAlpha Innovation 100 Growth & Daily Income ETFScore 66

Our read on each fund

ETF.net Research

QRMIBGlobal X Nasdaq 100 Risk Managed Income ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

QRMI Most Nasdaq-100 income funds sell calls and leave the downside wide open. QRMI spends part of that call premium on a protective put, collaring the index every month so the payout arrives with a hedge attached.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

QRMI The Fund seeks to track the price and yield performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index before fees and expenses. Its strategy combines Nasdaq-100 stocks with a monthly protective put and covered-call collar.

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

Why people hold it

QRMI The collar resets monthly: covered calls on Nasdaq-100 stocks pay for a protective put, and the index is built so the calls bring in more premium than the put costs.globalxetfs.com
Among Nasdaq-100 income peers like QYLD, QYLG and JEPQ, this is the one that spends premium on downside protection instead of pocketing all of it.
Pays monthly, and the 0.60% fee sits under the typical Nasdaq-100 options-income fund.
You hold the actual Nasdaq-100 names, roughly 110 lines, with the option legs layered on top rather than a synthetic stand-in.

QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

Worth knowing

QRMI The hedge isn't free: the calls that pay for the put also cap how much of a Nasdaq-100 rally the fund keeps.globalxetfs.com
A small fund that trades thinly, so spreads can be wider than the category giants and limit orders do real work.
Monthly payouts ride on option premiums, which swell and shrink with volatility. No fixed rate is promised.globalxetfs.com

QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full QRMI profile⁠

Full QYLD profile⁠

QRMI vs QYLD Holdings

How QRMI and QYLD differ

Overlap by weight

98.6%

Shared holdings make up 100% of QYLD and 98.7% of QRMI.

Level by level

Holdings101 in both98.6%
Asset classEquity100%
Countryby domicile99.9%
Sector10 Sectors99.9%

Sector

Sector weights in QRMI and QYLD, widest gap first
Sector	More in QRMIMore in QYLD	QRMI	QYLD
Energy	QRMI +0.1 points	0.5%	0.4%
Communication	Same weight	12.6%	12.6%
Consumer Staples	Same weight	5.6%	5.6%
Industrials	Same weight	5.1%	5.1%
Utilities	Same weight	1.0%	1.0%
Financials	Same weight	0.2%	0.2%
Materials	Same weight	0.9%	0.9%
Health Care	Same weight	3.8%	3.8%
Consumer Discretionary	Same weight	10.1%	10.1%
Technology	Same weight	60.3%	60.3%

Country, concentration and asset class

Country by domicile

Country weights in QRMI and QYLD, widest gap first
Country	More in QRMIMore in QYLD	QRMI	QYLD
United States	Same weight	97.3%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	QYLD +0.1 points	0.8%	0.9%
Brazil	QYLD +0.1 points	0.3%	0.4%
China	Same weight	0.2%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QRMI46.0%
QYLD47.0%

Securities held

QRMI103
QYLD101

Asset class

QRMI: Equity
QYLD: Equity

Holdings

Only in QRMI2
In both101
Only in QYLD0

Only in QRMI

2 securities, 2.1% of QRMI by weight

Ndx Us 11/20/26 P281752.03%
Xnd Us 11/20/26 P2820.05%

Only in QYLD

0 securities, 0.0% of QYLD by weight

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in QRMI and QYLD, widest gap first
Holding	More in QRMIMore in QYLD	QRMI	QYLD
NVIDIA CorpNVDA	QYLD +0.17 points	7.91%	8.08%
Apple IncAAPL	QYLD +0.16 points	8.08%	8.24%
Microsoft CorpMSFT	QYLD +0.13 points	6.22%	6.35%
Micron Technology IncMU	QYLD +0.11 points	4.41%	4.52%
Amazon.com IncAMZN	QYLD +0.09 points	4.16%	4.25%
Tesla IncTSLA	QYLD +0.08 points	3.36%	3.44%
Advanced Micro DevicesAMD	QYLD +0.08 points	3.65%	3.73%
Meta Platforms IncMETA	QYLD +0.07 points	2.93%	3.00%
Walmart IncWMT	QYLD +0.06 points	2.66%	2.72%
Broadcom IncAVGO	QYLD +0.05 points	2.49%	2.54%
Alphabet Inc-Cl AGOOGL	QYLD +0.06 points	2.63%	2.69%
Space Exploration Techn-Cl ASPCX	QYLD +0.05 points	2.56%	2.61%
Alphabet Inc-Cl CGOOG	QYLD +0.06 points	2.46%	2.52%
Palantir Technologies Inc-APLTR	QYLD +0.05 points	1.87%	1.92%
Costco Wholesale CorpCOST	QYLD +0.04 points	1.99%	2.03%
Cisco Systems IncCSCO	QYLD +0.04 points	1.82%	1.86%
Intel CorpINTC	QYLD +0.03 points	1.53%	1.56%
Palo Alto Networks IncPANW	QYLD +0.03 points	1.32%	1.35%
Applied Materials IncAMAT	QYLD +0.03 points	1.37%	1.40%
Lam Research CorpLRCX	QYLD +0.03 points	1.32%	1.35%
Mercadolibre IncMELI	QYLD +0.03 points	0.34%	0.37%
Asml Holding Nv-Ny Reg ShsASML	QYLD +0.03 points	0.63%	0.66%
Texas Instruments IncTXN	QYLD +0.02 points	1.22%	1.24%
Netflix IncNFLX	QYLD +0.03 points	1.14%	1.17%
Seagate Technology HoldingsSTX	QYLD +0.02 points	0.64%	0.66%
Crowdstrike Holdings Inc - ACRWD	QYLD +0.02 points	1.14%	1.16%
Analog Devices IncADI	QYLD +0.02 points	0.89%	0.91%
Linde PLCLIN	QYLD +0.02 points	1.05%	1.07%
Intuitive Surgical IncISRG	QYLD +0.02 points	0.67%	0.69%
Monolithic Power Systems IncMPWR	QYLD +0.02 points	0.25%	0.27%
Western Digital CorpWDC	QYLD +0.02 points	0.58%	0.60%
Kla CorpKLAC	QYLD +0.02 points	0.91%	0.93%
Arm Holdings Plc-AdrARM	QYLD +0.02 points	0.39%	0.41%
Sandisk CorpSNDK	QYLD +0.01 points	0.75%	0.76%
Gilead Sciences IncGILD	QYLD +0.02 points	0.94%	0.96%
Shopify Inc - Class ASHOP	QYLD +0.01 points	0.85%	0.86%
Pepsico IncPEP	QYLD +0.01 points	0.84%	0.85%
Amgen IncAMGN	QYLD +0.01 points	1.13%	1.14%
Starbucks CorpSBUX	QYLD +0.01 points	0.52%	0.53%
T-Mobile Us IncTMUS	QYLD +0.01 points	0.75%	0.76%
Moderna IncMRNA	QYLD +0.01 points	0.38%	0.39%
Qualcomm IncQCOM	QYLD +0.01 points	0.77%	0.78%
Constellation EnergyCEG	QYLD +0.01 points	0.41%	0.42%
Marvell Technology IncMRVL	QYLD +0.01 points	0.77%	0.78%
Autodesk IncADSK	QYLD +0.01 points	0.23%	0.24%
Axon Enterprise IncAXON	Same weight	0.16%	0.16%
Thomson Reuters CorpTRI	QYLD +0.01 points	0.19%	0.20%
Old Dominion Freight LineODFL	QYLD +0.01 points	0.15%	0.16%
Booking Holdings IncBKNG	Same weight	0.50%	0.50%
Automatic Data ProcessingADP	QYLD +0.01 points	0.52%	0.53%
Paychex IncPAYX	QYLD +0.01 points	0.17%	0.18%
Honeywell Aerospace IncHONA	QYLD +0.01 points	0.21%	0.22%
Strategy Inc- Class AMSTR	QYLD +0.01 points	0.20%	0.21%
Astera Labs IncALAB	Same weight	0.20%	0.20%
Paccar IncPCAR	Same weight	0.24%	0.24%
Xcel Energy IncXEL	QYLD +0.01 points	0.22%	0.23%
Workday Inc-Class AWDAY	QYLD +0.01 points	0.17%	0.18%
Synopsys IncSNPS	QYLD +0.01 points	0.39%	0.40%
Nebius Group NVNBIS	QYLD +0.01 points	0.16%	0.17%
Adobe IncADBE	QYLD +0.01 points	0.44%	0.45%
Marriott International -Cl AMAR	QYLD +0.01 points	0.46%	0.47%
Keurig Dr Pepper IncKDP	QYLD +0.01 points	0.21%	0.22%
Teradyne IncTER	Same weight	0.19%	0.19%
Exelon CorpEXC	QYLD +0.01 points	0.21%	0.22%
Baker Hughes CoBKR	QYLD +0.01 points	0.24%	0.25%
Dexcom IncDXCM	QYLD +0.01 points	0.13%	0.14%
PayPal Holdings IncPYPL	QYLD +0.01 points	0.21%	0.22%
Coca-Cola Europacific Partners PLCCCEP	Same weight	0.22%	0.22%
Vertex Pharmaceuticals IncVRTX	QYLD +0.01 points	0.63%	0.64%
Ge Healthcare TechnologyGEHC	QYLD +0.01 points	0.15%	0.16%
Datadog Inc - Class ADDOG	Same weight	0.34%	0.35%
Microchip Technology IncMCHP	Same weight	0.18%	0.19%
Monster Beverage CorpMNST	Same weight	0.41%	0.41%
Applovin Corp-Class AAPP	Same weight	0.31%	0.31%
Pdd Holdings IncPDD	Same weight	0.23%	0.23%
Regeneron PharmaceuticalsREGN	Same weight	0.42%	0.42%
Mondelez International Inc-AMDLZ	Same weight	0.37%	0.37%
Cadence Design Sys IncCDNS	Same weight	0.40%	0.40%
Intuit IncINTU	Same weight	0.41%	0.41%
Rocket Lab CorpRKLB	Same weight	0.15%	0.15%
Honeywell International IncHON	Same weight	0.31%	0.31%
O'reilly Automotive IncORLY	QYLD +0.01 points	0.31%	0.32%
Csx CorpCSX	Same weight	0.43%	0.43%
Airbnb Inc-Class AABNB	QYLD +0.01 points	0.30%	0.31%
Ferrovial NVFER	Same weight	0.18%	0.18%
Copart IncCPRT	Same weight	0.13%	0.13%
Ross Stores IncROST	QYLD +0.01 points	0.32%	0.33%
Alnylam Pharmaceuticals IncALNY	Same weight	0.10%	0.10%
Fastenal CoFAST	Same weight	0.26%	0.26%
American Electric PowerAEP	Same weight	0.31%	0.31%
Take-Two Interactive SoftwreTTWO	Same weight	0.16%	0.16%
Comcast Corp-Class ACMCSA	QYLD +0.01 points	0.36%	0.36%
Nxp Semiconductors NVNXPI	Same weight	0.29%	0.29%
Coreweave Inc-Cl ACRWV	Same weight	0.11%	0.11%
Lumentum Holdings IncLITE	Same weight	0.34%	0.34%
Idexx Laboratories IncIDXX	Same weight	0.20%	0.20%
Roper Technologies IncROP	Same weight	0.21%	0.21%
Diamondback Energy IncFANG	Same weight	0.26%	0.26%
Fortinet IncFTNT	Same weight	0.44%	0.44%
Cintas CorpCTAS	Same weight	0.39%	0.39%

All 105 QRMI holdings⁠All 102 QYLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QRMI vs QYLD Cost

Same expense ratio

$11,817

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

QRMI 0.60%
$11,817
QYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

QRMI 0.60%
QYLD 0.60%

Year by year

Year	QRMI	QYLD
10	$1,076	$1,076
20	$4,116	$4,116
30	$11,817	$11,817

Expense ratio

0.60%QRMI
0.60%QYLD

QRMI0.60%QYLD0.60%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

QRMI 10th cheapest of 30 funds

QYLD 10th cheapest of 30 funds

QRMI vs QYLD Dividends

Last 12 months to Nov 2, 2026

Yield (12M): QRMI 12.69%, better; QYLD 12.11%
Payout (12M): QRMI $1.87; QYLD $2.14
Last payment: QRMI $0.15; QYLD $0.18
Ex-dividend: QRMI Oct 19, 2026; QYLD Oct 19, 2026
Paid on: QRMI Oct 22, 2026; QYLD Oct 22, 2026
Frequency: QRMI Monthly; QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QRMIMonthly · 46 paymentsAll QRMI payments⁠

QYLDMonthly · 46 paymentsAll QYLD payments⁠

QRMI vs QYLD Risk

Fall from peak · 5 years

QRMI
QYLD

Risk facts

VolatilityStd dev, 3 years: QRMI 6.1%, betterQYLD 8.1%
Return per unit of riskSharpe ratio, 3 years: QRMI 0.66QYLD 1.31, better
Worst fallMax drawdown, 5 years: QRMI −20.4%, betterQYLD −24.6%
Market sensitivityBeta, 5 years: QRMI 0.36QYLD 0.48; Market = 1

QRMI and QYLD in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLD
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

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QRMI vs QYLD

In short

Stated mandate

Why people hold it

Worth knowing

How QRMI and QYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QRMI

Only in QYLD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points

A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%

How QRMI and QYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QRMI

Only in QYLD

Weight gaps