QRMI vs TEC
Global X NASDAQ 100 Risk Managed Income ETF vs Harbor Transformative Technologies ETF
Which is better, QRMI or TEC?
TEC has been ahead.
QRMI has a lower expense ratio. TEC led over 1Y and the full window. QRMI is less concentrated, with 48.7% of the fund in its ten largest positions against 50.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QRMI | TEC |
|---|---|---|
| Expense Ratio | 0.60%Best | 0.69% |
| AUM | $15M | $7M |
| Dividend Yield | 12.35% | 0.00% |
| Holdings | 107 | 88 |
| YTD Return | +4.65% | +20.68%Best |
| 1Y Return | +8.47% | +22.30%Best |
| 3Y Return (annualized) | +8.12% | - |
| 5Y Return (annualized) | +2.56% | - |
| Volatility (annualized) | 5.8%Best | 21.8% |
| Max Drawdown | -5.0%Best | -17.5% |
| $10,000 over 1.5 years | $11,476 | $17,518Best |
| Top 10 Weight | 48.7%Best | 50.9% |
| Fund Family | GLOBALXETFS | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 25, 2021 | Apr 16, 2025 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 17, 2025 to Oct 14, 2026 (1.5 years).
QRMI vs TEC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
QRMI vs TEC Performance
Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an ETF from GLOBALXETFS and Harbor Transformative Technologies ETF (TEC) is an ETF from Harbor Funds. Over the past year QRMI returned +8.47% while TEC returned +22.30%. Year to date, QRMI is up 4.65% versus a gain of 20.68% for TEC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEC has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 5.8% for QRMI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.0% for QRMI and -17.5% for TEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QRMI charges 0.60% per year while TEC charges 0.69%. On a $10,000 position that is $60 vs $69 annually, a gap of $9 per year that compounds over a long holding period. On income, QRMI currently yields 12.35% against 0.00% for TEC.
Holdings Overlap
64.8% of QRMI's money is in holdings TEC also owns. 75.2% of TEC's money is in holdings QRMI also owns.
Most of TEC is already inside QRMI. Owning both mostly buys the same companies twice.
27 positions in common, counted across the 101 positions we hold weights for in QRMI and 44 in TEC, against full books of 107 and 88.
What only one of them owns
Our book lists 14 positions for TEC that do not appear in our book for QRMI (18.5% of the fund), and 70 for QRMI that do not appear in TEC (38.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QRMI | Weight in TEC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.77% | 6.86% | 1.91% |
| AAPLApple, Inc | 7.60% | 7.92% | 0.32% |
| MSFTMicrosoft Corp | 6.00% | 5.88% | 0.12% |
| AMDAdvanced Micro Devices Inc | 4.37% | 5.24% | 0.87% |
| AMZNAmazon.Com Inc | 4.22% | 4.98% | 0.76% |
| MUMicron Technology, Inc. | 5.40% | 3.34% | 2.06% |
| GOOGLAlphabet Inc | 3.13% | 5.50% | 2.37% |
| METAMeta Platforms Inc | 3.40% | 3.15% | 0.25% |
| LRCXLrcx Uw Equity | 1.85% | 4.38% | 2.53% |
| AVGOBroadcom Inc | 2.58% | 3.35% | 0.77% |
75.2% of TEC is already inside QRMI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QRMI or TEC?
QRMI has an expense ratio of 0.60% while TEC charges 0.69%. QRMI is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QRMI or TEC?
Over the past year QRMI returned +8.47% vs +22.30% for TEC, so TEC leads on 1-year performance. Over the longest common window we track (2 years), QRMI annualized +9.61% vs +45.32% for TEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QRMI or TEC?
TEC has been the more volatile fund at 21.8% annualized versus 5.8% for QRMI. Worst drawdown: QRMI -5.0% vs TEC -17.5%.
Should I hold both QRMI and TEC?
QRMI and TEC have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QRMI and TEC?
75.2% of TEC's money is in holdings QRMI also owns. 75.2% of TEC's is in holdings QRMI also owns. They hold 27 positions in common, counted across the 101 positions we hold weights for in QRMI and 44 in TEC.
Which pays a higher dividend, QRMI or TEC?
QRMI yields 12.35% while TEC yields 0.00%, so QRMI currently pays the higher dividend yield.
Is TEC better than QRMI?
QRMI has a lower expense ratio. TEC led over 1Y and the full window. QRMI is less concentrated, with 48.7% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.