XRMIGlobal X S&P 500 Risk Managed Income ETF
Seeks to provide investment results that correspond to the price and yield performance of the S&P 500 Risk Managed Income Index.
Global X Funds · Since 2021 (4 years)
0.60%
#2918 out of 5,332 ETFs
$48M
#3380 out of 5,332 ETFs
12.83%
4 years
#2515 out of 5,332 ETFs
Performance
1 Year
+9.3%
3 Years
+7.1%
5 Years
N/A
What's inside
Top holdings
Risk profile
5.5%
Moderate
-15.4%
Worst peak-to-trough loss
0.57
Decent risk-adjusted returns
0.79
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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
Data updated on 2026-05-05