Which paid more, FTQI or XRMI?

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and XRMI paid 11.9%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FTQI or XRMI?

With every distribution reinvested, FTQI returned +16.5% and XRMI +8.7% over the year to Nov 4, 2026.

Which is cheaper, FTQI or XRMI?

FTQI charges 0.75% a year and XRMI charges 0.60%, so XRMI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FTQI vs XRMI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, FTQI paid 12.1% of its price in cash against XRMI’s 11.9%, and returned more with it reinvested.

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Net assets: $997m on Nov 3, 2026 for First Trust Nasdaq BuyWrite Income ETF, and $62m on Oct 12, 2026 for Global X S&P 500 Risk Managed Income ETF.

FTQI on its own →XRMI on its own →

At a glance

12.1%

FTQI cash paid, 1 year

11.9%

XRMI cash paid, 1 year

+16.5%

FTQI total return, 1 year

+8.7%

XRMI total return, 1 year

FTQI · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

FTQI

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% as cash

4.2 pts ahead of QQQ

12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XRMI · 1 year to Nov 4, 2026 6.1 pts behind SPY

XRMI

+8.7%

SPY

+14.8%

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% of it arrived as cash

6.1 pts behind SPY

Total return, distributions reinvested

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

6.1 pts behind SPY

11.9% of it arrived as cash. Both charts share one scale, with zero at the line. XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XRMI costs 0.15 points a year less; their one-year returns differ by 7.8 points; FTQI is 16.1 times larger.

Points (pts) are percentage points.

FTQI vs XRMI: Dividend Yield & Total Return
Measure	FTQI	XRMI
Paid and earned
Measure	FTQI	XRMI
Total return, 1 year	+16.5%	+8.7%
Price change, 1 year	rose 3.5%	fell 3.8%
Return of capital, issuer estimate	99% of the Oct 30, 2026 payment	95% of the Sep 24, 2026 payment
Against its benchmark
Measure	FTQI	XRMI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	FTQI	XRMI
Expense ratio	0.75%	0.60%
Net assets, as of Oct 12, 2026	$1.0bn	$62m
Holdings
Measure	FTQI	XRMI
Holdings in common	42%

ETFIQ Distribution Coverage Score · FTQI scores higher How much of what it paid out did its total return cover?

IQ Income Score74FTQI45.2XRMI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

FTQI 74

XRMI 45.2

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

42%

By the books each fund has filed, FTQI and XRMI hold 42% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

42% in common

Positions both hold · largest shared weight first FTQI XRMI

Apple Inc. 8.98% 7.12%

NVIDIA Corporation 6.22% 7.63%

Amazon.com, Inc. 4.23% 4.17%

Meta Platforms, Inc. (Class A) 2.67% 1.92%

Alphabet Inc. (Class A) 1.72% 3.28%

Alphabet Inc. (Class C) 1.72% 2.64%

Broadcom Inc. 1.64% 2.89%

Microsoft Corporation 1.55% 5.42%

Micron Technology, Inc. 2.01% 1.46%

Tesla, Inc. 3.05% 1.37%

Advanced Micro Devices, Inc. 4.73% 1.22%

Cisco Systems, Inc. 3.10% 0.72%

Only in one fund ↓

Only in FTQI

Medpace Holdings, Inc. 0.86%

Woodward, Inc. 0.81%

Illumina, Inc. 0.79%

DocuSign, Inc. 0.70%

Texas Roadhouse, Inc. 0.66%

Guardant Health, Inc. 0.65%

InterDigital, Inc. 0.53%

Qualys, Inc. 0.49%

Only in XRMI

JPMORGAN CHASE & CO. 1.48%

BERKSHIRE HATHAWAY INC. 1.47%

ELI LILLY AND COMPANY 1.42%

VISA INC. 0.95%

WALMART INC. 0.76%

MASTERCARD INCORPORATED 0.72%

BANK OF AMERICA CORPORATION 0.63%

UNITEDHEALTH GROUP INCORPORATED 0.59%

Check overlap with more funds →

Side by side

FTQI First Trust Nasdaq BuyWrite Income ETF · Covered call on QQQ, paying monthly XRMI Global X S&P 500 Risk Managed Income ETF · Option income on SPY, paying monthly

Issuer First Trust Global X

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 12.3% 10.6%

Expense ratio 0.75% 0.60%

Cash paid, 1 year 12.1% 11.9%

Price change, 1 year +3.5% −3.8%

Total return, 1 year +16.5% +8.7%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +4.2 pts −6.1 pts

Return of capital, latest estimate 99% 95%

Age 12.8 years 5.2 years

Net assets, FTQI as of Nov 3, 2026 and XRMI as of Oct 12, 2026 $997m $62m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FTQI vs XRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FTQI	XRMI	FTQI	XRMI	FTQI	XRMI
3 months	+0.4%	+1.6%	3.0%	2.9%	+3.8 pts	+1.8 pts
6 months	+6.6%	+5.4%	6.0%	6.0%	+6.9 pts	+0.4 pts
1 year	+16.5%	+8.7%	12.1%	11.9%	+4.3 pts	−6.1 pts
3 years	+60.8%	+30.8%	38.1%	35.1%	−30.5 pts	−52.2 pts
Since launchNot the same days: FTQI Jan 2014 · XRMI Aug 2021	+138.8%	+17.6%	81.1%	45.0%	−641.3 pts	−66.7 pts

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Alert

About each fund

FTQI

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XRMI

Over the year to Nov 4, 2026, XRMI paid 11.9% of its starting value in cash distributions while its price fell 3.8%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Global X estimates that 95% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, FTQI or XRMI?: Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and XRMI paid 11.9%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FTQI or XRMI?: With every distribution reinvested, FTQI returned +16.5% and XRMI +8.7% over the year to Nov 4, 2026.
Which is cheaper, FTQI or XRMI?: FTQI charges 0.75% a year and XRMI charges 0.60%, so XRMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTQI vs XDTE FTQI vs ACSP FTQI vs WDTE FTQI vs XYLG XRMI vs QDTE XRMI vs ROCQ XRMI vs XQQI XRMI vs IQQQ

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →FTQI on its own →XRMI on its own →FTQI dividend history →FTQI holdings →XRMI dividend history →XRMI holdings →Method →Standards and sources →

Sources and dates

FTQI filings on SEC EDGAR ↗

FTQI prospectus with the expense ratio (SEC) ↗

FTQI 19a-1 distribution notice ↗

First Trust page for FTQI ↗

XRMI filings on SEC EDGAR ↗

XRMI prospectus with the expense ratio (SEC) ↗

XRMI 19a-1 distribution notice ↗

Global X page for XRMI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FTQI against XRMI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-xrmi

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