XY7D.DE vs. ED3F.DE
XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - XY7D.DE is a S&P 500 fund tracking the Cboe S&P 500 BuyWrite 15% WHT, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, XY7D.DE returned 11.99% vs -1.88% for ED3F.DE. At a 0.22 correlation, their price movements are largely independent. XY7D.DE charges 0.45%/yr vs 0.40%/yr for ED3F.DE.
Performance
XY7D.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XY7D.DE achieves a 4.40% return, which is significantly higher than ED3F.DE's 0.02% return.
XY7D.DE
- 1D
- -1.05%
- 1M
- 1.57%
- YTD
- 4.40%
- 6M
- 4.97%
- 1Y
- 11.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XY7D.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 4.40% | 7.68% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between XY7D.DE and ED3F.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.22 |
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Return for Risk
XY7D.DE vs. ED3F.DE — Risk / Return Rank
XY7D.DE
ED3F.DE
XY7D.DE vs. ED3F.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 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.
| XY7D.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | -0.08 | +3.16 |
| Martin ratioReturn relative to average drawdown | 8.63 | -0.18 | +8.81 |
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
| XY7D.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | -0.06 | +1.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
XY7D.DE vs. ED3F.DE - Drawdown Comparison
The maximum XY7D.DE drawdown since its inception was -20.79%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for XY7D.DE and ED3F.DE.
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Drawdown Indicators
| XY7D.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -23.91% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -23.91% | +20.04% |
Current DrawdownCurrent decline from peak | -5.18% | -20.80% | +15.62% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -8.37% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 10.25% | -8.86% |
Volatility
XY7D.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) is 1.97%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that XY7D.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
| XY7D.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 10.58% | -8.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.20% | 22.80% | -16.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 30.60% | -21.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 30.42% | -16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 30.42% | -16.91% |
XY7D.DE vs. ED3F.DE - Expense Ratio Comparison
XY7D.DE has a 0.45% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
XY7D.DE vs. ED3F.DE - Dividend Comparison
XY7D.DE's dividend yield for the trailing twelve months is around 6.70%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 6.70% | 9.21% | 7.75% | 4.30% |
Frequently Asked Questions
XY7D.DE and ED3F.DE have a correlation of 0.20, 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 XY7D.DE.
XY7D.DE is categorized as S&P 500, while ED3F.DE is Aerospace & Defense. XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. Their fees differ too: 0.45% for XY7D.DE and 0.40% for ED3F.DE.
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