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QRMIGlobal X NASDAQ 100 Risk Managed Income ETF

Get income4y track recordRanked #1,215 of 1,622 in this goal

Seeks to correspond to the price and yield performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index.

By Global X Funds · Launched 2021

Annual Cost

0.60%

#3,108 of 5,562 · average

Fund Size

$16M

#4,497 of 5,562 · small

Dividend YieldGoal

12.22%

Track Record

4 years

#2,451 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,002+10.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Monthly Net Credit Collar 95-100 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 56.5% of fundmoderately concentrated

NVIDIA CORPORATION
10.8%
APPLE INC.
8.8%
MICROSOFT CORPORATION
8.5%
BROADCOM INC.
6.3%
AMAZON.COM, INC.
5.7%
TESLA, INC.
3.7%
ALPHABET INC.
3.6%
ALPHABET INC.
3.4%
META PLATFORMS, INC.
3.1%
NETFLIX, INC.
2.6%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.0%Low

Year-on-year price swings

Max drawdown
-20.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.50Decent risk-adjusted returns
Sortino (3Y)
0.71Moderate downside risk

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to correspond to the price and yield performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index.
Strategy
Invests primarily in the securities of the Nasdaq-100 Index while employing an options collar strategy with long put options and short call options. This strategy aims to generate income and protect against significant declines in the NASDAQ 100 Index.
Inception date
August 25, 2021
Fund family
Global X Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19