SPQB.DE vs. D5BM.DE
SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) and D5BM.DE (Xtrackers S&P 500 Swap UCITS ETF 1C) are both S&P 500 funds - SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect while D5BM.DE tracks the S&P 500 Index. Both are passively managed. Over the past 3 years, SPQB.DE returned 9.37%/yr vs 18.95%/yr for D5BM.DE. A 0.77 correlation means they provide meaningful diversification when combined. SPQB.DE charges 0.50%/yr vs 0.15%/yr for D5BM.DE.
Performance
SPQB.DE vs. D5BM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPQB.DE achieves a 5.30% return, which is significantly lower than D5BM.DE's 11.37% return.
SPQB.DE
- 1D
- -0.13%
- 1M
- 1.48%
- YTD
- 5.30%
- 6M
- 5.62%
- 1Y
- 10.99%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
D5BM.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.37%
- 6M
- 11.42%
- 1Y
- 25.66%
- 3Y*
- 18.95%
- 5Y*
- 14.88%
- 10Y*
- 15.17%
SPQB.DE vs. D5BM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 5.30% | -0.77% | 20.64% | 10.42% |
D5BM.DE Xtrackers S&P 500 Swap UCITS ETF 1C | 11.37% | 4.79% | 32.48% | 16.52% |
Correlation
The correlation between SPQB.DE and D5BM.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 SPQB.DE and D5BM.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
SPQB.DE vs. D5BM.DE — Risk / Return Rank
SPQB.DE
D5BM.DE
SPQB.DE vs. D5BM.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 Xtrackers S&P 500 Swap UCITS ETF 1C (D5BM.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.
| SPQB.DE | D5BM.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 | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 3.58 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.14 | 12.76 | -3.62 |
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
| SPQB.DE | D5BM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.20 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.97 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.91 | +0.20 |
Drawdowns
SPQB.DE vs. D5BM.DE - Drawdown Comparison
The maximum SPQB.DE drawdown since its inception was -16.15%, smaller than the maximum D5BM.DE drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for SPQB.DE and D5BM.DE.
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Drawdown Indicators
| SPQB.DE | D5BM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -33.77% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -7.13% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -23.22% | +7.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.77% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.46% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -4.12% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.01% | -0.81% |
Volatility
SPQB.DE vs. D5BM.DE - Volatility Comparison
The current volatility for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) is 1.19%, while Xtrackers S&P 500 Swap UCITS ETF 1C (D5BM.DE) has a volatility of 2.69%. This indicates that SPQB.DE experiences smaller price fluctuations and is considered to be less risky than D5BM.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 | D5BM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 2.69% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 7.59% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 11.59% | -4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.54% | 15.18% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.54% | 16.06% | -6.52% |
SPQB.DE vs. D5BM.DE - Expense Ratio Comparison
SPQB.DE has a 0.50% expense ratio, which is higher than D5BM.DE's 0.15% expense ratio.
Dividends
SPQB.DE vs. D5BM.DE - Dividend Comparison
Neither SPQB.DE nor D5BM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQB.DE and D5BM.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, D5BM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BM.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for SPQB.DE.
SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect, while D5BM.DE tracks S&P 500 Index. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.50% for SPQB.DE and 0.15% for D5BM.DE.
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