SPQB.DE vs. 5ESE.DE
SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) and 5ESE.DE (Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc) are both S&P 500 funds - SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect while 5ESE.DE tracks the S&P 500 ESG Index. Both are passively managed. Over the past 3 years, SPQB.DE returned 10.79%/yr vs 16.44%/yr for 5ESE.DE. At a 0.36 correlation, their price movements are largely independent. SPQB.DE charges 0.50%/yr vs 0.09%/yr for 5ESE.DE.
Performance
SPQB.DE vs. 5ESE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPQB.DE achieves a 8.01% return, which is significantly higher than 5ESE.DE's 6.75% return.
SPQB.DE
- 1D
- 0.00%
- 1M
- 1.95%
- 6M
- 6.60%
- YTD
- 8.01%
- 1Y
- 13.67%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
5ESE.DE
- 1D
- -1.36%
- 1M
- -1.75%
- 6M
- 6.14%
- YTD
- 6.75%
- 1Y
- 18.87%
- 3Y*
- 16.44%
- 5Y*
- —
- 10Y*
- —
SPQB.DE vs. 5ESE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 8.01% | -0.77% | 20.64% | 4.26% |
5ESE.DE Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc | 6.75% | 15.84% | 21.80% | 17.93% |
Correlation
The correlation between SPQB.DE and 5ESE.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.36 |
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Return for Risk
SPQB.DE vs. 5ESE.DE — Risk / Return Rank
SPQB.DE
5ESE.DE
SPQB.DE vs. 5ESE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) and Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.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.
| SPQB.DE | 5ESE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 2.04 | +2.39 |
| Martin ratioReturn relative to average drawdown | 12.84 | 8.55 | +4.29 |
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Drawdowns
SPQB.DE vs. 5ESE.DE - Drawdown Comparison
The maximum SPQB.DE drawdown since its inception was -16.15%, smaller than the maximum 5ESE.DE drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for SPQB.DE and 5ESE.DE.
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Drawdown Indicators
| SPQB.DE | 5ESE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -25.54% | +9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -9.20% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -19.31% | +3.16% |
Current DrawdownCurrent decline from peak | -0.17% | -2.43% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -6.85% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.20% | -1.13% |
Volatility
SPQB.DE vs. 5ESE.DE - Volatility Comparison
The current volatility for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) is 1.55%, while Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.DE) has a volatility of 2.90%. This indicates that SPQB.DE experiences smaller price fluctuations and is considered to be less risky than 5ESE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPQB.DE | 5ESE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.90% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 9.39% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 12.20% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.82% | 16.58% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 16.58% | -6.76% |
SPQB.DE vs. 5ESE.DE - Expense Ratio Comparison
SPQB.DE has a 0.50% expense ratio, which is higher than 5ESE.DE's 0.09% expense ratio.
Dividends
SPQB.DE vs. 5ESE.DE - Dividend Comparison
Neither SPQB.DE nor 5ESE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQB.DE and 5ESE.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5ESE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5ESE.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for SPQB.DE.
SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect, while 5ESE.DE tracks S&P 500 ESG Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for SPQB.DE and 0.09% for 5ESE.DE.
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