BLCH.DE vs. SPQB.DE
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both exchange-traded funds - BLCH.DE is a Technology Equities fund tracking the Solactive Blockchain, while SPQB.DE is a S&P 500 fund tracking the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past 3 years, BLCH.DE returned 56.73%/yr vs 9.37%/yr for SPQB.DE. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
BLCH.DE vs. SPQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BLCH.DE achieves a 32.88% return, which is significantly higher than SPQB.DE's 5.30% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- -0.70%
- YTD
- 32.88%
- 6M
- 14.42%
- 1Y
- 94.65%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
SPQB.DE
- 1D
- -0.13%
- 1M
- 1.74%
- YTD
- 5.30%
- 6M
- 5.20%
- 1Y
- 11.15%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
BLCH.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | 12.63% | 160.44% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 5.30% | -0.77% | 20.64% | 10.42% |
Correlation
The correlation between BLCH.DE and SPQB.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.21 |
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Return for Risk
BLCH.DE vs. SPQB.DE — Risk / Return Rank
BLCH.DE
SPQB.DE
BLCH.DE vs. SPQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.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.
| BLCH.DE | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.53 | -1.70 |
| Martin ratioReturn relative to average drawdown | 3.38 | 9.14 | -5.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLCH.DE | SPQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.48 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.11 | -0.95 |
Drawdowns
BLCH.DE vs. SPQB.DE - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than SPQB.DE's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and SPQB.DE.
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Drawdown Indicators
| BLCH.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -16.15% | -67.14% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -3.10% | -51.02% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | -16.15% | -43.93% |
Current DrawdownCurrent decline from peak | -24.94% | -0.13% | -24.81% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -2.58% | -41.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 1.20% | +28.22% |
Volatility
BLCH.DE vs. SPQB.DE - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.11% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.19%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than SPQB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLCH.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 1.19% | +14.92% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 4.25% | +41.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 7.42% | +60.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 9.54% | +64.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 9.54% | +64.67% |
BLCH.DE vs. SPQB.DE - Expense Ratio Comparison
Both BLCH.DE and SPQB.DE have an expense ratio of 0.50%.
Dividends
BLCH.DE vs. SPQB.DE - Dividend Comparison
Neither BLCH.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and SPQB.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BLCH.DE and SPQB.DE have the same expense ratio: 0.50% per year.
BLCH.DE is categorized as Technology Equities, while SPQB.DE is S&P 500. BLCH.DE tracks Solactive Blockchain, while SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect.
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