SY7D.DE vs. ^STOXX

Last updated Jun 26, 2026

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 11.54% vs 18.28% for ^STOXX. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

SY7D.DE vs. ^STOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) and STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SY7D.DE achieves a 0.71% return, which is significantly lower than ^STOXX's 7.15% return.

SY7D.DE

• 1D: 0.00%
• 1M: 0.27%
• YTD: 0.71%
• 6M: 0.54%
• 1Y: 11.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^STOXX

• 1D: 0.08%
• 1M: 1.14%
• YTD: 7.15%
• 6M: 7.89%
• 1Y: 18.28%
• 3Y*: 11.91%
• 5Y*: 6.78%
• 10Y*: 7.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SY7D.DE vs. ^STOXX - Yearly Performance Comparison

	2026 (YTD)	2025
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing	0.71%	8.99%
^STOXX STOXX Europe 600 Index	7.15%	8.74%

Correlation

The correlation between SY7D.DE and ^STOXX is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since May 26, 2025	0.60

The correlation between SY7D.DE and ^STOXX has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

Return for Risk

SY7D.DE vs. ^STOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SY7D.DE

SY7D.DE Risk / Return Rank: 31
SY7D.DE Sharpe Ratio Rank: 30
SY7D.DE Sortino Ratio Rank: 29
SY7D.DE Omega Ratio Rank: 34
SY7D.DE Calmar Ratio Rank: 27
SY7D.DE Martin Ratio Rank: 34

^STOXX

^STOXX Risk / Return Rank: 51
^STOXX Sharpe Ratio Rank: 50
^STOXX Sortino Ratio Rank: 55
^STOXX Omega Ratio Rank: 56
^STOXX Calmar Ratio Rank: 43
^STOXX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	SY7D.DE	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.45	-0.43
Sortino ratio: Return per unit of downside risk	1.51	2.15	-0.64
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.22	1.85	-0.63
Martin ratio: Return relative to average drawdown	4.74	6.73	-1.99

SY7D.DE vs. ^STOXX - Sharpe Ratio Comparison

The current SY7D.DE Sharpe Ratio is 1.02, which is comparable to the ^STOXX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of SY7D.DE and ^STOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -60.54%. Use the drawdown chart below to compare losses from any high point for SY7D.DE and ^STOXX.

Drawdown Indicators

	SY7D.DE	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	-9.48%	-60.54%	+51.06%
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 Drawdown Current decline from peak	-2.16%	-0.65%	-1.51%
Average Drawdown Average peak-to-trough decline	-1.65%	-14.59%	+12.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.61%	-0.17%

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 2.47%, while STOXX Europe 600 Index (^STOXX) has a volatility of 2.80%. 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.

Volatility by Period

	SY7D.DE	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	2.80%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	10.28%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	11.32%	12.23%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	14.20%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.11%	15.27%	-4.16%

Frequently Asked Questions

Can I hold both SY7D.DE and ^STOXX in my portfolio?

SY7D.DE and ^STOXX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.