XY7D.DE vs. SPPE.DE

Last updated Jun 5, 2026

XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past year, XY7D.DE returned 11.99% vs 24.85% for SPPE.DE. At a 0.41 correlation, their price movements are largely independent. XY7D.DE charges 0.45%/yr vs 0.12%/yr for SPPE.DE.

Performance

XY7D.DE vs. SPPE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) and SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XY7D.DE achieves a 4.40% return, which is significantly lower than SPPE.DE's 9.05% return.

XY7D.DE

• 1D: -1.05%
• 1M: 1.57%
• YTD: 4.40%
• 6M: 4.97%
• 1Y: 11.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPPE.DE

• 1D: -0.02%
• 1M: 4.39%
• YTD: 9.05%
• 6M: 9.84%
• 1Y: 24.85%
• 3Y*: 19.65%
• 5Y*: 11.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XY7D.DE vs. SPPE.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%
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating	9.05%	15.34%	23.21%	7.59%

Correlation

The correlation between XY7D.DE and SPPE.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.41

Return for Risk

XY7D.DE vs. SPPE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XY7D.DE

XY7D.DE Risk / Return Rank: 46
XY7D.DE Sharpe Ratio Rank: 39
XY7D.DE Sortino Ratio Rank: 38
XY7D.DE Omega Ratio Rank: 38
XY7D.DE Calmar Ratio Rank: 63
XY7D.DE Martin Ratio Rank: 51

SPPE.DE

SPPE.DE Risk / Return Rank: 65
SPPE.DE Sharpe Ratio Rank: 64
SPPE.DE Sortino Ratio Rank: 69
SPPE.DE Omega Ratio Rank: 65
SPPE.DE Calmar Ratio Rank: 59
SPPE.DE Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XY7D.DE vs. SPPE.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 SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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	SPPE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.12	-0.75
Sortino ratio: Return per unit of downside risk	1.95	3.09	-1.14
Omega ratio: Gain probability vs. loss probability	1.24	1.38	-0.14
Calmar ratio: Return relative to maximum drawdown	3.08	2.87	+0.22
Martin ratio: Return relative to average drawdown	8.63	12.22	-3.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XY7D.DE vs. SPPE.DE - Sharpe Ratio Comparison

The current XY7D.DE Sharpe Ratio is 1.37, which is lower than the SPPE.DE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of XY7D.DE and SPPE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XY7D.DE	SPPE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.12	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.80	-0.46

Drawdowns

XY7D.DE vs. SPPE.DE - Drawdown Comparison

The maximum XY7D.DE drawdown since its inception was -20.79%, smaller than the maximum SPPE.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for XY7D.DE and SPPE.DE.

Drawdown Indicators

	XY7D.DE	SPPE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.79%	-34.07%	+13.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.87%	-8.64%	+4.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.07%	—
Current Drawdown Current decline from peak	-5.18%	-0.59%	-4.59%
Average Drawdown Average peak-to-trough decline	-7.15%	-6.19%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	2.03%	-0.64%

Volatility

XY7D.DE vs. SPPE.DE - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) is 1.97%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 3.07%. This indicates that XY7D.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XY7D.DE	SPPE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	3.07%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	6.20%	8.56%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	8.71%	11.69%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	16.00%	-2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.51%	18.64%	-5.13%

XY7D.DE vs. SPPE.DE - Expense Ratio Comparison

XY7D.DE has a 0.45% expense ratio, which is higher than SPPE.DE's 0.12% expense ratio.

Dividends

XY7D.DE vs. SPPE.DE - Dividend Comparison

XY7D.DE's dividend yield for the trailing twelve months is around 6.70%, while SPPE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged 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

Can I hold both XY7D.DE and SPPE.DE in my portfolio?

XY7D.DE and SPPE.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XY7D.DE or SPPE.DE?

On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XY7D.DE or SPPE.DE?

SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for XY7D.DE.

What is the main difference between XY7D.DE and SPPE.DE?

XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.45% for XY7D.DE and 0.12% for SPPE.DE.