IS31.DE vs. SPQB.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past 3 years, IS31.DE returned 10.62%/yr vs 10.14%/yr for SPQB.DE. At a 0.28 correlation, their price movements are largely independent. IS31.DE charges 0.25%/yr vs 0.50%/yr for SPQB.DE.
Performance
IS31.DE vs. SPQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 3.24% return, which is significantly lower than SPQB.DE's 7.07% return.
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
SPQB.DE
- 1D
- 0.00%
- 1M
- 1.55%
- 6M
- 7.73%
- YTD
- 7.07%
- 1Y
- 14.84%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
IS31.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.48% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 7.07% | -0.77% | 20.64% | 4.26% |
Correlation
The correlation between IS31.DE and SPQB.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.28 |
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Return for Risk
IS31.DE vs. SPQB.DE — Risk / Return Rank
IS31.DE
SPQB.DE
IS31.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 EUR Hedged (Acc) (IS31.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS31.DE | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 4.81 | -3.75 |
| Martin ratioReturn relative to average drawdown | 4.05 | 13.86 | -9.81 |
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Drawdowns
IS31.DE vs. SPQB.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, 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 IS31.DE and SPQB.DE.
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Drawdown Indicators
| IS31.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -16.15% | -17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -3.10% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -16.15% | +3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -2.84% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.07% | +0.68% |
Volatility
IS31.DE vs. SPQB.DE - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) has a higher volatility of 2.94% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.75%. This indicates that IS31.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
| IS31.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.75% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 4.40% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 7.45% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 9.87% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 9.87% | +4.51% |
IS31.DE vs. SPQB.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.
Dividends
IS31.DE vs. SPQB.DE - Dividend Comparison
Neither IS31.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and SPQB.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS31.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS31.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for SPQB.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), 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: 0.25% for IS31.DE and 0.50% for SPQB.DE.
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