ESEH.DE vs. XY7D.DE
ESEH.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR H) and XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) are both S&P 500 funds - ESEH.DE tracks the S&P 500 Composite (EUR Hedged) Net Return Index while XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT. Both are passively managed. Over the past 3 years, ESEH.DE returned 17.27%/yr vs 9.43%/yr for XY7D.DE. At a 0.42 correlation, their price movements are largely independent. ESEH.DE charges 0.14%/yr vs 0.45%/yr for XY7D.DE.
Performance
ESEH.DE vs. XY7D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESEH.DE achieves a 8.70% return, which is significantly lower than XY7D.DE's 9.89% return.
ESEH.DE
- 1D
- 0.16%
- 1M
- 0.03%
- 6M
- 8.65%
- YTD
- 8.70%
- 1Y
- 18.72%
- 3Y*
- 17.27%
- 5Y*
- 10.34%
- 10Y*
- 12.49%
XY7D.DE
- 1D
- 0.00%
- 1M
- 3.05%
- 6M
- 8.12%
- YTD
- 9.89%
- 1Y
- 16.69%
- 3Y*
- 9.43%
- 5Y*
- —
- 10Y*
- —
ESEH.DE vs. XY7D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H | 8.70% | 14.79% | 22.63% | 8.06% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 9.89% | -5.34% | 23.62% | -8.57% |
Correlation
The correlation between ESEH.DE and XY7D.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.42 |
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Return for Risk
ESEH.DE vs. XY7D.DE — Risk / Return Rank
ESEH.DE
XY7D.DE
ESEH.DE vs. XY7D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) and Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESEH.DE | XY7D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.33 | -2.05 |
| Martin ratioReturn relative to average drawdown | 9.06 | 12.50 | -3.44 |
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Drawdowns
ESEH.DE vs. XY7D.DE - Drawdown Comparison
The maximum ESEH.DE drawdown since its inception was -94.54%, which is greater than XY7D.DE's maximum drawdown of -20.79%. Use the drawdown chart below to compare losses from any high point for ESEH.DE and XY7D.DE.
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Drawdown Indicators
| ESEH.DE | XY7D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.54% | -20.79% | -73.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -3.87% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -20.79% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.54% | — | — |
Current DrawdownCurrent decline from peak | -82.43% | -0.38% | -82.05% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -7.02% | -61.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.34% | +0.84% |
Volatility
ESEH.DE vs. XY7D.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) has a higher volatility of 2.73% compared to Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) at 2.34%. This indicates that ESEH.DE's price experiences larger fluctuations and is considered to be riskier than XY7D.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESEH.DE | XY7D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.34% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 6.62% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 9.01% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 13.43% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 410.50% | 13.43% | +397.07% |
ESEH.DE vs. XY7D.DE - Expense Ratio Comparison
ESEH.DE has a 0.14% expense ratio, which is lower than XY7D.DE's 0.45% expense ratio.
Dividends
ESEH.DE vs. XY7D.DE - Dividend Comparison
ESEH.DE has not paid dividends to shareholders, while XY7D.DE's dividend yield for the trailing twelve months is around 8.21%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H | 0.00% | 0.00% | 0.00% | 0.00% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 8.21% | 9.21% | 6.13% | 3.99% |
Frequently Asked Questions
ESEH.DE and XY7D.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEH.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEH.DE is cheaper with a 0.14% expense ratio, compared with 0.45% for XY7D.DE.
ESEH.DE tracks S&P 500 Composite (EUR Hedged) Net Return Index, while XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT. They also come from different issuers: BNP Paribas Easy and Global X. Their fees differ too: 0.14% for ESEH.DE and 0.45% for XY7D.DE.
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