SY7D.DE vs. OPPE

Last updated Jun 5, 2026

SY7D.DE (Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing) and OPPE (WisdomTree European Opportunities Fund) are both exchange-traded funds - SY7D.DE is a Derivative Income fund tracking the EURO STOXX 50 Covered Call ATM Index, while OPPE is a Europe Equities fund tracking the WisdomTree European Opportunities Index. Both are passively managed. Over the past year, SY7D.DE returned 9.16% vs 27.37% for OPPE. At a 0.38 correlation, their price movements are largely independent. SY7D.DE charges 0.45%/yr vs 0.58%/yr for OPPE.

Performance

SY7D.DE vs. OPPE - 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 WisdomTree European Opportunities Fund (OPPE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SY7D.DE is traded in EUR, while OPPE is traded in USD. To make them comparable, the OPPE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SY7D.DE achieves a 1.17% return, which is significantly lower than OPPE's 14.97% return.

SY7D.DE

• 1D: 0.26%
• 1M: 1.56%
• YTD: 1.17%
• 6M: 2.22%
• 1Y: 9.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPPE

• 1D: 0.50%
• 1M: 3.67%
• YTD: 14.97%
• 6M: 16.96%
• 1Y: 27.37%
• 3Y*: 20.41%
• 5Y*: 15.31%
• 10Y*: 12.23%

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

SY7D.DE vs. OPPE - Yearly Performance Comparison

	2026 (YTD)	2025
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing	1.17%	9.52%
OPPE WisdomTree European Opportunities Fund	14.97%	14.11%

Correlation

The correlation between SY7D.DE and OPPE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 9, 2025	0.38

Return for Risk

SY7D.DE vs. OPPE — 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: 24
SY7D.DE Sharpe Ratio Rank: 24
SY7D.DE Sortino Ratio Rank: 23
SY7D.DE Omega Ratio Rank: 25
SY7D.DE Calmar Ratio Rank: 22
SY7D.DE Martin Ratio Rank: 27

OPPE

OPPE Risk / Return Rank: 67
OPPE Sharpe Ratio Rank: 66
OPPE Sortino Ratio Rank: 64
OPPE Omega Ratio Rank: 64
OPPE Calmar Ratio Rank: 68
OPPE Martin Ratio Rank: 70

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. OPPE - 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 WisdomTree European Opportunities Fund (OPPE). 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	OPPE	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.12	-1.32
Sortino ratio: Return per unit of downside risk	1.21	2.86	-1.65
Omega ratio: Gain probability vs. loss probability	1.17	1.39	-0.22
Calmar ratio: Return relative to maximum drawdown	0.96	3.96	-3.00
Martin ratio: Return relative to average drawdown	3.59	15.95	-12.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SY7D.DE vs. OPPE - Sharpe Ratio Comparison

The current SY7D.DE Sharpe Ratio is 0.80, which is lower than the OPPE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SY7D.DE and OPPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SY7D.DE	OPPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.12	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.58	+0.33

Drawdowns

SY7D.DE vs. OPPE - Drawdown Comparison

The maximum SY7D.DE drawdown since its inception was -9.48%, smaller than the maximum OPPE drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for SY7D.DE and OPPE.

Drawdown Indicators

	SY7D.DE	OPPE	Difference
Max Drawdown Largest peak-to-trough decline	-9.48%	-41.30%	+31.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-6.94%	-2.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.30%	—
Current Drawdown Current decline from peak	-1.71%	0.00%	-1.71%
Average Drawdown Average peak-to-trough decline	-1.61%	-6.19%	+4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	1.72%	+0.82%

Volatility

SY7D.DE vs. OPPE - Volatility Comparison

The current volatility for Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) is 2.81%, while WisdomTree European Opportunities Fund (OPPE) has a volatility of 4.57%. This indicates that SY7D.DE experiences smaller price fluctuations and is considered to be less risky than OPPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SY7D.DE	OPPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.57%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	10.66%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	12.96%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	15.35%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.06%	17.85%	-6.79%

SY7D.DE vs. OPPE - Expense Ratio Comparison

SY7D.DE has a 0.45% expense ratio, which is lower than OPPE's 0.58% expense ratio.

Dividends

SY7D.DE vs. OPPE - Dividend Comparison

SY7D.DE's dividend yield for the trailing twelve months is around 10.81%, more than OPPE's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OPPE WisdomTree European Opportunities Fund	2.70%	2.95%	3.99%	3.53%	5.13%	2.39%	3.42%	3.08%	2.34%	1.46%	2.60%	4.39%
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing	10.81%	6.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

SY7D.DE and OPPE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SY7D.DE or OPPE?

On fees, SY7D.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SY7D.DE or OPPE?

SY7D.DE is cheaper with a 0.45% expense ratio, compared with 0.58% for OPPE.

What is the main difference between SY7D.DE and OPPE?

SY7D.DE is categorized as Derivative Income, while OPPE is Europe Equities. SY7D.DE tracks EURO STOXX 50 Covered Call ATM Index, while OPPE tracks WisdomTree European Opportunities Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.45% for SY7D.DE and 0.58% for OPPE.