Global X Sp Etf Profile
| XRMI Etf | USD 19.44 0.04 0.21% |
Performance20 of 100
| Odds Of DistressLess than 9
|
Global X is trading at 19.44 as of the 31st of January 2025. This is a 0.21 percent increase since the beginning of the trading day. The etf's open price was 19.4. Global X has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. The performance scores are derived for the period starting the 1st of January 2025 and ending today, the 31st of January 2025. Click here to learn more.
The fund invests at least 80 percent of its total assets in the securities of the Cboe SP 500 Risk Managed Income Index . Gx SP is traded on NYSEARCA Exchange in the United States. More on Global X SP
Moving together with Global Etf
| 1.0 | XYLD | Global X SP | PairCorr |
| 0.74 | RYLD | Global X Russell | PairCorr |
| 0.84 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.85 | NUSI | NEOS ETF Trust | PairCorr |
Moving against Global Etf
Global Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Large Cap ETFs, Derivative Income, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2021-08-25 |
| Benchmark | Cboe S&P 500 Risk Managed Income Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 44.15 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | John Belanger, Nam To, Wayne Xie, Kimberly Chan, Vanessa Yang |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 510 |
| Market Maker | Susquehanna |
| Total Expense | 0.6 |
| Management Fee | 0.6 |
| Country Name | USA |
| Returns Y T D | 1.5 |
| Name | Global X SP 500 Risk Managed Income ETF |
| Currency Code | USD |
| Open Figi | BBG0129D7008 |
| In Threey Volatility | 7.05 |
| 1y Volatility | 4.14 |
| 200 Day M A | 18.9925 |
| 50 Day M A | 19.2639 |
| Code | XRMI |
| Updated At | 30th of January 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.43) |
Global X SP [XRMI] is traded in USA and was established 2021-08-25. The fund is listed under Derivative Income category and is part of Global X Funds family. The entity is thematically classified as Strategy ETFs. Global X SP at this time have 24.54 M in net assets. , while the total return for the last 3 years was 2.9%.
Check Global X Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X SP Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global X SP Etf Constituents
| PEP | PepsiCo | Stock | Consumer Staples | |
| MS | Morgan Stanley | Stock | Financials | |
| AVGO | Broadcom | Stock | Information Technology | |
| ORCL | Oracle | Stock | Information Technology | |
| V | Visa Class A | Stock | Financials | |
| COST | Costco Wholesale Corp | Stock | Consumer Staples | |
| WMT | Walmart | Stock | Consumer Staples | |
| WFC | Wells Fargo | Stock | Financials |
Global X SP Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1687 | |||
| Jensen Alpha | 0.0625 | |||
| Total Risk Alpha | 0.0328 | |||
| Sortino Ratio | (0.04) |
Global X Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Global X SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Global X SP is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global X's market value can be influenced by many factors that don't directly affect Global X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.