XY7D.DE vs. E500.DE
XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds - XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT while E500.DE tracks the S&P 500 Index. Both are passively managed. Over the past year, XY7D.DE returned 16.66% vs 18.89% for E500.DE. At a 0.38 correlation, their price movements are largely independent. XY7D.DE charges 0.45%/yr vs 0.05%/yr for E500.DE.
Performance
XY7D.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XY7D.DE achieves a 8.64% return, which is significantly higher than E500.DE's 5.87% return.
XY7D.DE
- 1D
- 0.00%
- 1M
- 2.62%
- YTD
- 8.64%
- 6M
- 9.35%
- 1Y
- 16.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
E500.DE
- 1D
- -0.30%
- 1M
- -2.24%
- YTD
- 5.87%
- 6M
- 5.69%
- 1Y
- 18.89%
- 3Y*
- 17.95%
- 5Y*
- 10.26%
- 10Y*
- 12.99%
XY7D.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 8.64% | -5.34% | 23.62% | -8.57% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 5.87% | 15.34% | 22.74% | 8.11% |
Correlation
The correlation between XY7D.DE and E500.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.38 |
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Return for Risk
XY7D.DE vs. E500.DE — Risk / Return Rank
XY7D.DE
E500.DE
XY7D.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) and Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.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.
| XY7D.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.04 | +2.29 |
| Martin ratioReturn relative to average drawdown | 12.52 | 8.83 | +3.69 |
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Drawdowns
XY7D.DE vs. E500.DE - Drawdown Comparison
The maximum XY7D.DE drawdown since its inception was -20.79%, smaller than the maximum E500.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for XY7D.DE and E500.DE.
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Drawdown Indicators
| XY7D.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -34.19% | +13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -9.24% | +5.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.19% | — |
Current DrawdownCurrent decline from peak | -1.33% | -3.17% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -4.77% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.13% | -0.79% |
Volatility
XY7D.DE vs. E500.DE - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) is 2.94%, while Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a volatility of 3.13%. This indicates that XY7D.DE experiences smaller price fluctuations and is considered to be less risky than E500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XY7D.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.13% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 9.32% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.89% | 12.01% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 16.05% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 16.35% | -2.84% |
XY7D.DE vs. E500.DE - Expense Ratio Comparison
XY7D.DE has a 0.45% expense ratio, which is higher than E500.DE's 0.05% expense ratio.
Dividends
XY7D.DE vs. E500.DE - Dividend Comparison
XY7D.DE's dividend yield for the trailing twelve months is around 8.32%, while E500.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 8.32% | 9.21% | 6.13% | 3.99% |
Frequently Asked Questions
XY7D.DE and E500.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E500.DE is cheaper with a 0.05% expense ratio, compared with 0.45% for XY7D.DE.
XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT, while E500.DE tracks S&P 500 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.45% for XY7D.DE and 0.05% for E500.DE.
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