SPQB.DE vs. SPPE.DE

Last updated Jun 5, 2026

SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 3 years, SPQB.DE returned 9.37%/yr vs 19.65%/yr for SPPE.DE. At a 0.38 correlation, their price movements are largely independent. SPQB.DE charges 0.50%/yr vs 0.12%/yr for SPPE.DE.

Performance

SPQB.DE vs. SPPE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) and SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPQB.DE achieves a 5.30% return, which is significantly lower than SPPE.DE's 9.05% return.

SPQB.DE

• 1D: -0.13%
• 1M: 1.48%
• YTD: 5.30%
• 6M: 5.62%
• 1Y: 10.99%
• 3Y*: 9.37%
• 5Y*: —
• 10Y*: —

SPPE.DE

• 1D: -0.02%
• 1M: 4.39%
• YTD: 9.05%
• 6M: 9.84%
• 1Y: 24.85%
• 3Y*: 19.65%
• 5Y*: 11.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPQB.DE vs. SPPE.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%
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating	9.05%	15.34%	23.21%	18.69%

Correlation

The correlation between SPQB.DE and SPPE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023	0.38

Return for Risk

SPQB.DE vs. SPPE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPQB.DE

SPQB.DE Risk / Return Rank: 50
SPQB.DE Sharpe Ratio Rank: 42
SPQB.DE Sortino Ratio Rank: 41
SPQB.DE Omega Ratio Rank: 43
SPQB.DE Calmar Ratio Rank: 72
SPQB.DE Martin Ratio Rank: 54

SPPE.DE

SPPE.DE Risk / Return Rank: 65
SPPE.DE Sharpe Ratio Rank: 64
SPPE.DE Sortino Ratio Rank: 69
SPPE.DE Omega Ratio Rank: 65
SPPE.DE Calmar Ratio Rank: 59
SPPE.DE Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPQB.DE vs. SPPE.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 SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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	SPPE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.12	-0.64
Sortino ratio: Return per unit of downside risk	2.05	3.09	-1.04
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	3.53	2.87	+0.67
Martin ratio: Return relative to average drawdown	9.14	12.22	-3.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPQB.DE vs. SPPE.DE - Sharpe Ratio Comparison

The current SPQB.DE Sharpe Ratio is 1.48, which is lower than the SPPE.DE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SPQB.DE and SPPE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPQB.DE	SPPE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.12	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.80	+0.31

Drawdowns

SPQB.DE vs. SPPE.DE - Drawdown Comparison

The maximum SPQB.DE drawdown since its inception was -16.15%, smaller than the maximum SPPE.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for SPQB.DE and SPPE.DE.

Drawdown Indicators

	SPQB.DE	SPPE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.15%	-34.07%	+17.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-8.64%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.15%	-18.41%	+2.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.07%	—
Current Drawdown Current decline from peak	-0.13%	-0.59%	+0.46%
Average Drawdown Average peak-to-trough decline	-2.58%	-6.19%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	2.03%	-0.83%

Volatility

SPQB.DE vs. SPPE.DE - Volatility Comparison

The current volatility for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) is 1.19%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 3.07%. This indicates that SPQB.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPQB.DE	SPPE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	3.07%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	8.56%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	7.42%	11.69%	-4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.54%	16.00%	-6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.54%	18.64%	-9.10%

SPQB.DE vs. SPPE.DE - Expense Ratio Comparison

SPQB.DE has a 0.50% expense ratio, which is higher than SPPE.DE's 0.12% expense ratio.

Dividends

SPQB.DE vs. SPPE.DE - Dividend Comparison

Neither SPQB.DE nor SPPE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPQB.DE and SPPE.DE in my portfolio?

SPQB.DE and SPPE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPQB.DE or SPPE.DE?

On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPQB.DE or SPPE.DE?

SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.50% for SPQB.DE.

What is the main difference between SPQB.DE and SPPE.DE?

SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for SPQB.DE and 0.12% for SPPE.DE.