SY7D.DE vs. ED3F.DE
SY7D.DE (Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - SY7D.DE is a Derivative Income fund tracking the EURO STOXX 50 Covered Call ATM Index, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, SY7D.DE returned 9.16% vs -1.88% for ED3F.DE. At a 0.21 correlation, their price movements are largely independent. SY7D.DE charges 0.45%/yr vs 0.40%/yr for ED3F.DE.
Performance
SY7D.DE vs. ED3F.DE - 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 higher than ED3F.DE's 0.02% return.
SY7D.DE
- 1D
- 0.26%
- 1M
- 1.56%
- YTD
- 1.17%
- 6M
- 2.22%
- 1Y
- 9.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SY7D.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 1.17% | 8.78% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between SY7D.DE and ED3F.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.21 |
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Return for Risk
SY7D.DE vs. ED3F.DE — Risk / Return Rank
SY7D.DE
ED3F.DE
SY7D.DE vs. ED3F.DE - 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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| SY7D.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.01 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.08 | +1.04 |
| Martin ratioReturn relative to average drawdown | 3.59 | -0.18 | +3.77 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | -0.06 | +0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.15 | +0.75 |
Drawdowns
SY7D.DE vs. ED3F.DE - Drawdown Comparison
The maximum SY7D.DE drawdown since its inception was -9.48%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for SY7D.DE and ED3F.DE.
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Drawdown Indicators
| SY7D.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.48% | -23.91% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -23.91% | +14.43% |
Current DrawdownCurrent decline from peak | -1.71% | -20.80% | +19.09% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -8.37% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 10.25% | -7.71% |
Volatility
SY7D.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) is 2.81%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that SY7D.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE 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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 10.58% | -7.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 22.80% | -13.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 30.60% | -19.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 30.42% | -19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 30.42% | -19.36% |
SY7D.DE vs. ED3F.DE - Expense Ratio Comparison
SY7D.DE has a 0.45% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
SY7D.DE vs. ED3F.DE - Dividend Comparison
SY7D.DE's dividend yield for the trailing twelve months is around 10.81%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% |
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 10.81% | 6.10% |
Frequently Asked Questions
SY7D.DE and ED3F.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for SY7D.DE.
SY7D.DE is categorized as Derivative Income, while ED3F.DE is Aerospace & Defense. SY7D.DE tracks EURO STOXX 50 Covered Call ATM Index, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. Their fees differ too: 0.45% for SY7D.DE and 0.40% for ED3F.DE.
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