IBCK.DE vs. SPQB.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both S&P 500 funds - IBCK.DE tracks the S&P 500 Minimum Volatility while SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past 3 years, IBCK.DE returned 10.94%/yr vs 9.37%/yr for SPQB.DE. A 0.72 correlation means they provide meaningful diversification when combined. IBCK.DE charges 0.20%/yr vs 0.50%/yr for SPQB.DE.
Performance
IBCK.DE vs. SPQB.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBCK.DE having a 5.14% return and SPQB.DE slightly higher at 5.30%.
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
SPQB.DE
- 1D
- -0.13%
- 1M
- 1.48%
- YTD
- 5.30%
- 6M
- 5.62%
- 1Y
- 10.99%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
IBCK.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.07% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 5.30% | -0.77% | 20.64% | 10.42% |
Correlation
The correlation between IBCK.DE and SPQB.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.72 |
The correlation between IBCK.DE and SPQB.DE has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
IBCK.DE vs. SPQB.DE — Risk / Return Rank
IBCK.DE
SPQB.DE
IBCK.DE vs. SPQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| IBCK.DE | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.53 | -1.71 |
| Martin ratioReturn relative to average drawdown | 5.31 | 9.14 | -3.83 |
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
| IBCK.DE | SPQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.48 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.11 | -0.22 |
Drawdowns
IBCK.DE vs. SPQB.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, 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 IBCK.DE and SPQB.DE.
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Drawdown Indicators
| IBCK.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -16.15% | -16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -3.10% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -16.15% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.13% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -2.58% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.20% | +0.55% |
Volatility
IBCK.DE vs. SPQB.DE - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) has a higher volatility of 2.26% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.19%. This indicates that IBCK.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
| IBCK.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.19% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 4.25% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 7.42% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 9.54% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 9.54% | +4.48% |
IBCK.DE vs. SPQB.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.
Dividends
IBCK.DE vs. SPQB.DE - Dividend Comparison
Neither IBCK.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and SPQB.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SPQB.DE.
IBCK.DE tracks S&P 500 Minimum Volatility, 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: 0.20% for IBCK.DE and 0.50% for SPQB.DE.
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