XY7D.DE vs. IS31.DE
XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, XY7D.DE returned 9.43%/yr vs 10.43%/yr for IS31.DE. At a 0.34 correlation, their price movements are largely independent. XY7D.DE charges 0.45%/yr vs 0.25%/yr for IS31.DE.
Performance
XY7D.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XY7D.DE achieves a 9.89% return, which is significantly higher than IS31.DE's 2.57% return.
XY7D.DE
- 1D
- 0.00%
- 1M
- 3.05%
- 6M
- 8.12%
- YTD
- 9.89%
- 1Y
- 16.69%
- 3Y*
- 9.43%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
XY7D.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 9.89% | -5.34% | 23.62% | -8.57% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 4.05% |
Correlation
The correlation between XY7D.DE and IS31.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 (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.34 |
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Return for Risk
XY7D.DE vs. IS31.DE — Risk / Return Rank
XY7D.DE
IS31.DE
XY7D.DE vs. IS31.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 EUR Hedged (Acc) (IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.17 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.25 | +3.08 |
| Martin ratioReturn relative to average drawdown | 12.50 | 4.77 | +7.73 |
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Drawdowns
XY7D.DE vs. IS31.DE - Drawdown Comparison
The maximum XY7D.DE drawdown since its inception was -20.79%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XY7D.DE and IS31.DE.
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Drawdown Indicators
| XY7D.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -33.66% | +12.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -6.64% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -20.79% | -12.56% | -8.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -0.38% | -1.01% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -4.83% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.75% | -0.41% |
Volatility
XY7D.DE vs. IS31.DE - Volatility Comparison
Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) have volatilities of 2.34% and 2.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XY7D.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.40% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 6.55% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 8.70% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 12.78% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 14.36% | -0.93% |
XY7D.DE vs. IS31.DE - Expense Ratio Comparison
XY7D.DE has a 0.45% expense ratio, which is higher than IS31.DE's 0.25% expense ratio.
Dividends
XY7D.DE vs. IS31.DE - Dividend Comparison
XY7D.DE's dividend yield for the trailing twelve months is around 8.21%, while IS31.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility 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 | 8.21% | 9.21% | 6.13% | 3.99% |
Frequently Asked Questions
XY7D.DE and IS31.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, IS31.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS31.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XY7D.DE.
XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for XY7D.DE and 0.25% for IS31.DE.
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