XY7D.DE vs. IBCK.DE
XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past year, XY7D.DE returned 11.99% vs 9.44% for IBCK.DE. A 0.66 correlation means they provide meaningful diversification when combined. XY7D.DE charges 0.45%/yr vs 0.20%/yr for IBCK.DE.
Performance
XY7D.DE vs. IBCK.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 lower than IBCK.DE's 5.14% return.
XY7D.DE
- 1D
- -1.05%
- 1M
- 1.57%
- YTD
- 4.40%
- 6M
- 4.97%
- 1Y
- 11.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
XY7D.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 4.40% | -5.34% | 25.87% | -8.30% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 4.79% |
Correlation
The correlation between XY7D.DE and IBCK.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.66 |
The correlation between XY7D.DE and IBCK.DE has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
XY7D.DE vs. IBCK.DE — Risk / Return Rank
XY7D.DE
IBCK.DE
XY7D.DE vs. IBCK.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 iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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 | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.83 | +1.26 |
| Martin ratioReturn relative to average drawdown | 8.63 | 5.31 | +3.32 |
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 | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.07 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.88 | -0.54 |
Drawdowns
XY7D.DE vs. IBCK.DE - Drawdown Comparison
The maximum XY7D.DE drawdown since its inception was -20.79%, smaller than the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for XY7D.DE and IBCK.DE.
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Drawdown Indicators
| XY7D.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -33.11% | +12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -5.08% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.11% | — |
Current DrawdownCurrent decline from peak | -5.18% | -0.47% | -4.71% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -4.50% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.75% | -0.36% |
Volatility
XY7D.DE vs. IBCK.DE - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) is 1.97%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) has a volatility of 2.26%. This indicates that XY7D.DE experiences smaller price fluctuations and is considered to be less risky than IBCK.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 | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 2.26% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.20% | 5.71% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 8.73% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 12.37% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 14.02% | -0.51% |
XY7D.DE vs. IBCK.DE - Expense Ratio Comparison
XY7D.DE has a 0.45% expense ratio, which is higher than IBCK.DE's 0.20% expense ratio.
Dividends
XY7D.DE vs. IBCK.DE - Dividend Comparison
XY7D.DE's dividend yield for the trailing twelve months is around 6.70%, while IBCK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 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 IBCK.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for XY7D.DE.
XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT, while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for XY7D.DE and 0.20% for IBCK.DE.
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