SY7D.DE vs. ^STOXX
SY7D.DE (Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing) is Derivative Income fund tracking the EURO STOXX 50 Covered Call ATM Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past year, SY7D.DE returned 9.23% vs 13.33% for ^STOXX. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
SY7D.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, SY7D.DE achieves a 1.17% return, which is significantly lower than ^STOXX's 5.45% return.
SY7D.DE
- 1D
- 0.26%
- 1M
- 1.11%
- YTD
- 1.17%
- 6M
- 2.18%
- 1Y
- 9.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^STOXX
- 1D
- 0.52%
- 1M
- 2.42%
- YTD
- 5.45%
- 6M
- 7.88%
- 1Y
- 13.33%
- 3Y*
- 10.73%
- 5Y*
- 6.65%
- 10Y*
- 6.19%
SY7D.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 1.17% | 9.52% |
^STOXX STOXX Europe 600 Index | 5.45% | 10.56% |
Correlation
The correlation between SY7D.DE and ^STOXX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 9, 2025 | 0.66 |
The correlation between SY7D.DE and ^STOXX has been stable across timeframes, ranging from 0.66 to 0.66 - a consistent structural relationship.
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Return for Risk
SY7D.DE vs. ^STOXX — Risk / Return Rank
SY7D.DE
^STOXX
SY7D.DE vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) and STOXX Europe 600 Index (^STOXX). 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.
| SY7D.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.37 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.59 | 4.91 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SY7D.DE | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.07 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.31 | +0.60 |
Drawdowns
SY7D.DE vs. ^STOXX - Drawdown Comparison
The maximum SY7D.DE drawdown since its inception was -9.48%, smaller than the maximum ^STOXX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for SY7D.DE and ^STOXX.
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Drawdown Indicators
| SY7D.DE | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.48% | -61.04% | +51.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -9.56% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.55% | — |
Current DrawdownCurrent decline from peak | -1.71% | -1.48% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -16.77% | +15.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.67% | -0.13% |
Volatility
SY7D.DE vs. ^STOXX - Volatility Comparison
The current volatility for Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) is 2.81%, while STOXX Europe 600 Index (^STOXX) has a volatility of 3.63%. This indicates that SY7D.DE experiences smaller price fluctuations and is considered to be less risky than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SY7D.DE | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.63% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 10.21% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 12.22% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 13.98% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 15.31% | -4.25% |
Frequently Asked Questions
SY7D.DE and ^STOXX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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