XY7D.DE vs. UIQ4.DE

Last updated Jun 5, 2026

XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) and UIQ4.DE (UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc) are both exchange-traded funds - XY7D.DE is a S&P 500 fund tracking the Cboe S&P 500 BuyWrite 15% WHT, while UIQ4.DE is a Derivative Income fund tracking the Euro Equity Defensive Put Write Index. Both are passively managed. At a 0.24 correlation, their price movements are largely independent. XY7D.DE charges 0.45%/yr vs 0.21%/yr for UIQ4.DE.

Performance

XY7D.DE vs. UIQ4.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 UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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 higher than UIQ4.DE's 3.01% return.

XY7D.DE

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

UIQ4.DE

• 1D: 0.18%
• 1M: 2.17%
• YTD: 3.01%
• 6M: 3.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XY7D.DE vs. UIQ4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc	4.40%	6.27%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	3.01%	6.38%

Correlation

The correlation between XY7D.DE and UIQ4.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.24

Return for Risk

XY7D.DE vs. UIQ4.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

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. UIQ4.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 UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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	UIQ4.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	1.95	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	3.08	—	—
Martin ratio: Return relative to average drawdown	8.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XY7D.DE	UIQ4.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.27	-0.93

Drawdowns

XY7D.DE vs. UIQ4.DE - Drawdown Comparison

The maximum XY7D.DE drawdown since its inception was -20.79%, which is greater than UIQ4.DE's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for XY7D.DE and UIQ4.DE.

Drawdown Indicators

	XY7D.DE	UIQ4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.79%	-3.90%	-16.89%
Max Drawdown (1Y) Largest decline over 1 year	-3.87%	—	—
Current Drawdown Current decline from peak	-5.18%	-0.25%	-4.93%
Average Drawdown Average peak-to-trough decline	-7.15%	-0.87%	-6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	—	—

Volatility

Volatility by Period

	XY7D.DE	UIQ4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.71%	7.67%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	7.67%	+5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.51%	7.67%	+5.84%

XY7D.DE vs. UIQ4.DE - Expense Ratio Comparison

XY7D.DE has a 0.45% expense ratio, which is higher than UIQ4.DE's 0.21% expense ratio.

Dividends

XY7D.DE vs. UIQ4.DE - Dividend Comparison

XY7D.DE's dividend yield for the trailing twelve months is around 6.70%, while UIQ4.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR 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

Can I hold both XY7D.DE and UIQ4.DE in my portfolio?

XY7D.DE and UIQ4.DE have a correlation of 0.24, 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 UIQ4.DE?

On fees, UIQ4.DE is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XY7D.DE or UIQ4.DE?

UIQ4.DE is cheaper with a 0.21% expense ratio, compared with 0.45% for XY7D.DE.

What is the main difference between XY7D.DE and UIQ4.DE?

XY7D.DE is categorized as S&P 500, while UIQ4.DE is Derivative Income. XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT, while UIQ4.DE tracks Euro Equity Defensive Put Write Index. They also come from different issuers: Global X and UBS. Their fees differ too: 0.45% for XY7D.DE and 0.21% for UIQ4.DE.