SPQB.DE vs. IS31.DE
SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, SPQB.DE returned 10.79%/yr vs 10.50%/yr for IS31.DE. At a 0.28 correlation, their price movements are largely independent. SPQB.DE charges 0.50%/yr vs 0.25%/yr for IS31.DE.
Performance
SPQB.DE vs. IS31.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 IS31.DE's 2.76% return.
SPQB.DE
- 1D
- 0.00%
- 1M
- 1.95%
- 6M
- 6.60%
- YTD
- 8.01%
- 1Y
- 13.67%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- -0.37%
- 1M
- 0.00%
- 6M
- 3.26%
- YTD
- 2.76%
- 1Y
- 8.02%
- 3Y*
- 10.50%
- 5Y*
- 5.70%
- 10Y*
- —
SPQB.DE vs. IS31.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% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.76% | 9.27% | 16.79% | 6.48% |
Correlation
The correlation between SPQB.DE and IS31.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 | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.28 |
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Return for Risk
SPQB.DE vs. IS31.DE — Risk / Return Rank
SPQB.DE
IS31.DE
SPQB.DE vs. IS31.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 iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 1.20 | +3.23 |
| Martin ratioReturn relative to average drawdown | 12.84 | 4.57 | +8.27 |
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Drawdowns
SPQB.DE vs. IS31.DE - Drawdown Comparison
The maximum SPQB.DE drawdown since its inception was -16.15%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for SPQB.DE and IS31.DE.
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Drawdown Indicators
| SPQB.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -33.66% | +17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -6.64% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -12.56% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.83% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -4.83% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.75% | -0.68% |
Volatility
SPQB.DE vs. IS31.DE - Volatility Comparison
The current volatility for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) is 1.55%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) has a volatility of 1.94%. This indicates that SPQB.DE experiences smaller price fluctuations and is considered to be less risky than IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.94% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 6.52% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 8.69% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.82% | 12.78% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 14.36% | -4.54% |
SPQB.DE vs. IS31.DE - Expense Ratio Comparison
SPQB.DE has a 0.50% expense ratio, which is higher than IS31.DE's 0.25% expense ratio.
Dividends
SPQB.DE vs. IS31.DE - Dividend Comparison
Neither SPQB.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQB.DE and IS31.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.
SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for SPQB.DE and 0.25% for IS31.DE.
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