IS20.DE vs. SPQB.DE
IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both S&P 500 funds - IS20.DE tracks the S&P 500 Top 20 Index while SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past year, IS20.DE returned 30.08% vs 10.99% for SPQB.DE. A 0.73 correlation means they provide meaningful diversification when combined. IS20.DE charges 0.10%/yr vs 0.50%/yr for SPQB.DE.
Performance
IS20.DE vs. SPQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS20.DE achieves a 9.38% return, which is significantly higher than SPQB.DE's 5.30% return.
IS20.DE
- 1D
- -0.38%
- 1M
- 4.82%
- YTD
- 9.38%
- 6M
- 8.62%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPQB.DE
- 1D
- -0.13%
- 1M
- 1.48%
- YTD
- 5.30%
- 6M
- 5.62%
- 1Y
- 10.99%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
IS20.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD Acc | 9.38% | 6.77% | 6.20% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 5.30% | -0.77% | 2.17% |
Correlation
The correlation between IS20.DE and SPQB.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.73 |
The correlation between IS20.DE and SPQB.DE has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
IS20.DE vs. SPQB.DE — Risk / Return Rank
IS20.DE
SPQB.DE
IS20.DE vs. SPQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.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.
| IS20.DE | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.53 | -1.18 |
| Martin ratioReturn relative to average drawdown | 7.30 | 9.14 | -1.83 |
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
| IS20.DE | SPQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.48 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.11 | -0.34 |
Drawdowns
IS20.DE vs. SPQB.DE - Drawdown Comparison
The maximum IS20.DE drawdown since its inception was -26.30%, 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 IS20.DE and SPQB.DE.
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Drawdown Indicators
| IS20.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -16.15% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -3.10% | -9.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.15% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.13% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -2.58% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.20% | +2.91% |
Volatility
IS20.DE vs. SPQB.DE - Volatility Comparison
iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) has a higher volatility of 3.65% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.19%. This indicates that IS20.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
| IS20.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 1.19% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 4.25% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 7.42% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 9.54% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 9.54% | +10.03% |
IS20.DE vs. SPQB.DE - Expense Ratio Comparison
IS20.DE has a 0.10% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.
Dividends
IS20.DE vs. SPQB.DE - Dividend Comparison
Neither IS20.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
IS20.DE and SPQB.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS20.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS20.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for SPQB.DE.
IS20.DE tracks S&P 500 Top 20 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: 0.10% for IS20.DE and 0.50% for SPQB.DE.
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