Which paid more, SPUT or XRMI?

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting price in cash and XRMI paid 11.9%, so XRMI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, SPUT returned +10.7% and XRMI +8.7% over the year to Nov 4, 2026.

Which is cheaper, SPUT or XRMI?

SPUT charges 0.79% 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

SPUT vs XRMI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XRMI paid 11.9% of its price in cash against SPUT’s 4.8%, though SPUT returned more with it reinvested.

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Net assets: $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF, and $62m on Oct 12, 2026 for Global X S&P 500 Risk Managed Income ETF.

SPUT on its own →XRMI on its own →

At a glance

4.8%

SPUT cash paid, 1 year

11.9%

XRMI cash paid, 1 year

+10.7%

SPUT total return, 1 year

+8.7%

XRMI total return, 1 year

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% of it arrived as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Total return, distributions reinvested. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 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%

11.9% cash

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 0.19 points a year less; their one-year returns differ by 2.0 points; XRMI is 3.6 times larger.

Points (pts) are percentage points.

SPUT vs XRMI: Dividend Yield & Total Return
Measure	SPUT	XRMI
Paid and earned
Measure	SPUT	XRMI
Total return, 1 year	+10.7%	+8.7%
Price change, 1 year	rose 5.7%	fell 3.8%
Return of capital, issuer estimate	58% of the Nov 2, 2026 payment	95% of the Sep 24, 2026 payment
Against its benchmark
Measure	SPUT	XRMI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	SPUT	XRMI
Expense ratio	0.79%	0.60%
Net assets, as of Oct 12, 2026	$17m	$62m
Holdings
Measure	SPUT	XRMI
Holdings in common	46%

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

IQ Income Score88.9SPUT45.2XRMI

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

SPUT 88.9

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

46%

By the books each fund has filed, SPUT and XRMI hold 46% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

46% in common

Positions both hold · largest shared weight first SPUT XRMI

NVIDIA Corp 3.71% 7.63%

Apple Inc 3.50% 7.12%

Microsoft Corp 2.70% 5.42%

Amazon.com Inc 2.06% 4.17%

Alphabet Inc 1.64% 3.28%

Broadcom Inc 1.43% 2.89%

Alphabet Inc 1.43% 2.64%

Meta Platforms Inc 0.97% 1.92%

Tesla Inc 0.82% 1.37%

JPMorgan Chase & Co 0.75% 1.48%

Micron Technology Inc 0.74% 1.46%

Advanced Micro Devices Inc 0.61% 1.22%

Only in one fund ↓

Only in SPUT

Eli Lilly & Co 0.77%

Philip Morris International In 0.23%

Linde PLC 0.18%

IBM 0.17%

Seagate Technology Holdings PL 0.15%

TJX Cos Inc 0.14%

Eaton Corp PLC 0.13%

Lowe's Cos Inc 0.09%

Only in XRMI

ELI LILLY AND COMPANY 1.42%

THE GOLDMAN SACHS GROUP, INC. 0.47%

Philip Morris International Inc. 0.47%

LINDE PUBLIC LIMITED COMPANY 0.35%

INTERNATIONAL BUSINESS MACHINES CORPORATION 0.33%

SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 0.30%

THE TJX COMPANIES, INC. 0.27%

EATON CORPORATION PUBLIC LIMITED COMPANY 0.25%

Check overlap with more funds →

Side by side

SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly XRMI Global X S&P 500 Risk Managed Income ETF · Option income on SPY, paying monthly

Issuer Innovator Global X

Strategy put-selling overlay option income

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 3.6% 10.6%

Expense ratio 0.79% 0.60%

Cash paid, 1 year 4.8% 11.9%

Price change, 1 year +5.7% −3.8%

Total return, 1 year +10.7% +8.7%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −4.1 pts −6.1 pts

Return of capital, latest estimate 58% 95%

Age 1.6 years 5.2 years

Net assets, SPUT as of Nov 4, 2026 and XRMI as of Oct 12, 2026 $17m $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: SPUT vs XRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SPUT	XRMI	SPUT	XRMI	SPUT	XRMI
3 months	+0.9%	+1.6%	1.0%	2.9%	+1.0 pts	+1.8 pts
6 months	+3.4%	+5.4%	1.9%	6.0%	−1.6 pts	+0.4 pts
1 year	+10.7%	+8.7%	4.8%	11.9%	−4.0 pts	−6.1 pts
3 years	–	+30.8%	–	35.1%	–	−52.2 pts
Since launchNot the same days: SPUT Mar 2025 · XRMI Aug 2021	+23.3%	+17.6%	9.1%	45.0%	−15.6 pts	−66.7 pts

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Alert

About each fund

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 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, SPUT or XRMI?: Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting price in cash and XRMI paid 11.9%, so XRMI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, SPUT or XRMI?: With every distribution reinvested, SPUT returned +10.7% and XRMI +8.7% over the year to Nov 4, 2026.
Which is cheaper, SPUT or XRMI?: SPUT charges 0.79% a year and XRMI charges 0.60%, so XRMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

SPUT vs BIGY SPUT vs APRJ SPUT vs APRH SPUT vs DRKY XRMI vs DIVO XRMI vs JEPI XRMI vs JULH XRMI vs OCTH

Where to next

S&P 500 (SPY) →SPUT on its own →XRMI on its own →SPUT dividend history →SPUT holdings →XRMI dividend history →XRMI holdings →Method →Standards and sources →

Sources and dates

SPUT filings on SEC EDGAR ↗

SPUT prospectus with the expense ratio (SEC) ↗

SPUT 19a-1 distribution notice ↗

Innovator page for SPUT ↗

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

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