XS5E.DE vs. XY7D.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) are both S&P 500 funds - XS5E.DE tracks the S&P 500 Index (EUR Hedged) while XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT. Both are passively managed. Over the past year, XS5E.DE returned 17.67% vs 17.39% for XY7D.DE. At a 0.41 correlation, their price movements are largely independent. XS5E.DE charges 0.20%/yr vs 0.45%/yr for XY7D.DE.
Performance
XS5E.DE vs. XY7D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XS5E.DE achieves a 7.75% return, which is significantly lower than XY7D.DE's 8.93% return.
XS5E.DE
- 1D
- 0.18%
- 1M
- -0.99%
- 6M
- 8.38%
- YTD
- 7.75%
- 1Y
- 17.67%
- 3Y*
- 17.82%
- 5Y*
- —
- 10Y*
- —
XY7D.DE
- 1D
- 0.00%
- 1M
- 2.38%
- 6M
- 9.03%
- YTD
- 8.93%
- 1Y
- 17.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XS5E.DE vs. XY7D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.75% | 15.25% | 23.26% | 8.13% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 8.93% | -5.34% | 23.62% | -8.57% |
Correlation
The correlation between XS5E.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 (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.41 |
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Return for Risk
XS5E.DE vs. XY7D.DE — Risk / Return Rank
XS5E.DE
XY7D.DE
XS5E.DE vs. XY7D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.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.
| XS5E.DE | XY7D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.51 | -2.48 |
| Martin ratioReturn relative to average drawdown | 8.14 | 13.03 | -4.89 |
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Drawdowns
XS5E.DE vs. XY7D.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, 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 XS5E.DE and XY7D.DE.
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Drawdown Indicators
| XS5E.DE | XY7D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -20.79% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -3.87% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.07% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -7.09% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.34% | +0.83% |
Volatility
XS5E.DE vs. XY7D.DE - Volatility Comparison
Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) has a higher volatility of 4.03% compared to Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) at 3.15%. This indicates that XS5E.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
| XS5E.DE | XY7D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.15% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 6.63% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 8.99% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 13.48% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 13.48% | +2.76% |
XS5E.DE vs. XY7D.DE - Expense Ratio Comparison
XS5E.DE has a 0.20% expense ratio, which is lower than XY7D.DE's 0.45% expense ratio.
Dividends
XS5E.DE vs. XY7D.DE - Dividend Comparison
XS5E.DE has not paid dividends to shareholders, while XY7D.DE's dividend yield for the trailing twelve months is around 7.41%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 7.41% | 9.21% | 6.13% | 3.99% |
Frequently Asked Questions
XS5E.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, XS5E.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XS5E.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for XY7D.DE.
XS5E.DE tracks S&P 500 Index (EUR Hedged), while XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.20% for XS5E.DE and 0.45% for XY7D.DE.
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