XRMI
Global X S&P 500 Risk Managed Income ETF
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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
42.1 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2021 |
| Assets (mns) | $42 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Fixed |
| Weighting | Fixed |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.6 % |
| MICROSOFT CORP | 6.7 % |
| NVIDIA CORP | 6.6 % |
| AMAZON.COM INC | 4.3 % |
| META PLATFORMS INC | 2.7 % |
| TESLA MOTORS INC | 2.4 % |
| ALPHABET INC. CLASS A | 2.2 % |
| BROADCOM INC. | 2.1 % |
| ALPHABET INC. CLASS C | 1.8 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
Constituent Breakdown
| Number of holdings | 503 |
| Herfindahl-Hirschman Index | 213 |
| Wgt avg mkt cap (mns) | $890,402 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.8 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.6% | 11.2% | 7.1% | 0.6% | -- | -- | 0.8% | Volatility | 5.9% | 5.6% | 6.1% | 7.1% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.34 | 75% |
| MSCI EAFE | 0.29 | 55% |
| MSCI Emg Mkts | 0.22 | 30% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $257,114 |
Technical Indicators
| Recent close | $19.07 |
| 30d moving avg. | $19.11 |
| Annualized volatility | 6.8% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 1.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XRMI |
Expenses vs. XRMI |
ALTAR Score™ vs. XRMI |
|---|---|---|---|---|
| XYLD | Global X S&P 500 Covered Call ETF | 101.9% | 0 bp | 0.0% |
| PBP | Invesco S&P 500 BuyWrite ETF | 101.3% | -11 bp | +0.1% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 100.7% | 0 bp | +0.0% |
| XTR | Global X S&P 500 Tail Risk ETF | 99.2% | -34 bp | +0.6% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 99.0% | -35 bp | +0.6% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 72.3% | 0 bp | +0.3% |
| EFIV | SPDR S&P 500 ESG ETF | 72.2% | -50 bp | +0.7% |
| SFLR | Innovator Equity Managed Floor ETF | 69.5% | +29 bp | -0.4% |
| FTHI | First Trust BuyWrite Income ETF | 62.7% | +15 bp | +0.4% |
| ACIO | Aptus Collared Investment Opportunity ETF | 59.4% | +19 bp | -0.3% |
Risk and Returns: XRMI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XRMI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
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™
XRMI
4.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. XRMI's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places XRMI in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XRMISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XRMI (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XRMI | 60.0 | 33.7 | 93.7 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .