I500.DE vs. SPQB.DE
I500.DE (iShares S&P 500 Swap UCITS ETF USD (Acc)) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both S&P 500 funds - I500.DE tracks the S&P 500 Index while SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past 3 years, I500.DE returned 19.08%/yr vs 9.37%/yr for SPQB.DE. A 0.77 correlation means they provide meaningful diversification when combined. I500.DE charges 0.07%/yr vs 0.50%/yr for SPQB.DE.
Performance
I500.DE vs. SPQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, I500.DE achieves a 11.45% return, which is significantly higher than SPQB.DE's 5.30% return.
I500.DE
- 1D
- -0.12%
- 1M
- 4.40%
- YTD
- 11.45%
- 6M
- 10.92%
- 1Y
- 25.73%
- 3Y*
- 19.08%
- 5Y*
- 15.00%
- 10Y*
- —
SPQB.DE
- 1D
- -0.13%
- 1M
- 1.74%
- YTD
- 5.30%
- 6M
- 5.20%
- 1Y
- 11.15%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
I500.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
I500.DE iShares S&P 500 Swap UCITS ETF USD (Acc) | 11.45% | 4.94% | 32.50% | 16.64% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 5.30% | -0.77% | 20.64% | 10.42% |
Correlation
The correlation between I500.DE and SPQB.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.77 |
The correlation between I500.DE and SPQB.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
I500.DE vs. SPQB.DE — Risk / Return Rank
I500.DE
SPQB.DE
I500.DE vs. SPQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.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.
| I500.DE | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.27 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.53 | +0.07 |
| Martin ratioReturn relative to average drawdown | 12.82 | 9.14 | +3.69 |
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
| I500.DE | SPQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.48 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.11 | +0.03 |
Drawdowns
I500.DE vs. SPQB.DE - Drawdown Comparison
The maximum I500.DE drawdown since its inception was -23.24%, 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 I500.DE and SPQB.DE.
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Drawdown Indicators
| I500.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.24% | -16.15% | -7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -3.10% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -16.15% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.13% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -2.58% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.20% | +0.81% |
Volatility
I500.DE vs. SPQB.DE - Volatility Comparison
iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.DE) has a higher volatility of 2.65% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.19%. This indicates that I500.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
| I500.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.19% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 4.25% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 7.42% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 9.54% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 9.54% | +5.59% |
I500.DE vs. SPQB.DE - Expense Ratio Comparison
I500.DE has a 0.07% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.
Dividends
I500.DE vs. SPQB.DE - Dividend Comparison
Neither I500.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
I500.DE and SPQB.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, I500.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
I500.DE is cheaper with a 0.07% expense ratio, compared with 0.50% for SPQB.DE.
I500.DE tracks S&P 500 Index, while SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. They also come from different issuers: iShares and Global X. Their fees differ too: 0.07% for I500.DE and 0.50% for SPQB.DE.
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