XYLU.L vs. XY7D.DE

Last updated Jun 5, 2026

XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) are both exchange-traded funds - XYLU.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while XY7D.DE is a S&P 500 fund tracking the Cboe S&P 500 BuyWrite 15% WHT. Both are passively managed. Over the past year, XYLU.L returned 18.07% vs 13.91% for XY7D.DE. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

XYLU.L vs. XY7D.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 USD (XYLU.L) and Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XYLU.L is traded in USD, while XY7D.DE is traded in EUR. To make them comparable, the XY7D.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XYLU.L achieves a 5.28% return, which is significantly higher than XY7D.DE's 3.20% return.

XYLU.L

• 1D: 0.03%
• 1M: 2.15%
• YTD: 5.28%
• 6M: 6.77%
• 1Y: 18.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XY7D.DE

• 1D: -0.93%
• 1M: 0.87%
• YTD: 3.20%
• 6M: 4.68%
• 1Y: 13.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYLU.L vs. XY7D.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD	5.28%	7.85%	19.71%	0.64%
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc	3.20%	6.87%	18.67%	0.50%

Correlation

The correlation between XYLU.L and XY7D.DE is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jul 17, 2023	0.60

The correlation between XYLU.L and XY7D.DE has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

Return for Risk

XYLU.L vs. XY7D.DE — Risk / Return Rank

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

XYLU.L

XYLU.L Risk / Return Rank: 83
XYLU.L Sharpe Ratio Rank: 82
XYLU.L Sortino Ratio Rank: 88
XYLU.L Omega Ratio Rank: 89
XYLU.L Calmar Ratio Rank: 71
XYLU.L Martin Ratio Rank: 87

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.

XYLU.L vs. XY7D.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 USD (XYLU.L) and Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.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.

	XYLU.L	XY7D.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.61	1.66	+0.96
Sortino ratio: Return per unit of downside risk	3.93	2.48	+1.44
Omega ratio: Gain probability vs. loss probability	1.56	1.29	+0.27
Calmar ratio: Return relative to maximum drawdown	3.48	2.33	+1.15
Martin ratio: Return relative to average drawdown	18.28	9.95	+8.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYLU.L vs. XY7D.DE - Sharpe Ratio Comparison

The current XYLU.L Sharpe Ratio is 2.61, which is higher than the XY7D.DE Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of XYLU.L and XY7D.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

	XYLU.L	XY7D.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	1.66	+0.96
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.52	+0.60

Drawdowns

XYLU.L vs. XY7D.DE - Drawdown Comparison

The maximum XYLU.L drawdown since its inception was -17.20%, roughly equal to the maximum XY7D.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for XYLU.L and XY7D.DE.

Drawdown Indicators

	XYLU.L	XY7D.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-16.77%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-5.95%	+0.78%
Current Drawdown Current decline from peak	0.00%	-1.07%	+1.07%
Average Drawdown Average peak-to-trough decline	-2.02%	-4.38%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.39%	-0.40%

Volatility

XYLU.L vs. XY7D.DE - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 1.52%, while Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) has a volatility of 1.88%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than XY7D.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLU.L	XY7D.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	1.88%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	5.45%	6.38%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	6.89%	8.37%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	12.71%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.44%	12.71%	-2.27%

XYLU.L vs. XY7D.DE - Expense Ratio Comparison

Both XYLU.L and XY7D.DE have an expense ratio of 0.45%.

Dividends

XYLU.L vs. XY7D.DE - Dividend Comparison

XYLU.L's dividend yield for the trailing twelve months is around 10.27%, more than XY7D.DE's 6.70% yield.

Position	TTM	2025	2024	2023
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc	6.70%	9.21%	7.75%	4.30%
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD	10.27%	10.48%	8.49%	3.88%

Frequently Asked Questions

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

XYLU.L and XY7D.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XYLU.L or XY7D.DE?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XYLU.L or XY7D.DE?

XYLU.L and XY7D.DE have the same expense ratio: 0.45% per year.

What is the main difference between XYLU.L and XY7D.DE?

XYLU.L is categorized as Derivative Income, while XY7D.DE is S&P 500. XYLU.L tracks Cboe S&P 500 BuyWrite 15% WHT Index, while XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT.