Comparing:
\[X = 1 + \frac{2^1}{1!}-\frac{2^3}{3!}+\frac{2^5}{5!}-\frac{2^7}{7!}+...\]
- with the Taylor expansion of $sinx$ :
\[sinx =^* x -\frac{x^3}{3!}+\frac{x^5}{5!}-\frac{x^7}{7!}+...\]
- implies: $X = 1 + sin(2)$
Rewriting the other sum series,$ Y$:
\[Y = 2 - \frac{4}{3!}+\frac{6}{5!}-\frac{8}{7!}+... \\\\ = 2 - \left ( \frac{3}{3!}+\frac{1}{3!} \right )+\left ( \frac{5}{5!}+\frac{1}{5!} \right )-\left ( \frac{7}{7!}+\frac{1}{7!} \right )+... \\\\ = 2 - \left ( \frac{1}{2!}+\frac{1}{3!} \right )+\left ( \frac{1}{4!}+\frac{1}{5!} \right )-\left ( \frac{1}{6!}+\frac{1}{7!} \right )+... \\\\ = \sum_{i=0}^{\infty}\frac{(-1)^i}{2i!} + \sum_{j=0}^{\infty}\frac{(-1)^j}{(2j+1)!} \\\\ = cos(1)+sin(1)\]
In the last identity (and at (*)) , I have used the following two series (warmest regards to wikipedia ;) ):
\[cosx= \sum_{i=0}^{\infty}\frac{(-1)^ix^{2i}}{2i!} \\\\ sinx = \sum_{j=0}^{\infty}\frac{(-1)^jx^{2j+1}}{(2j+1)!}\]
Thus, $Y = cos(1)+sin(1)$
Therefore, the relation between $X$ and $Y$ is: $X = Y^2$.