SPQB.DE vs. XDEW.DE
SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect while XDEW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, SPQB.DE returned 10.70%/yr vs 13.26%/yr for XDEW.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPQB.DE charges 0.50%/yr vs 0.20%/yr for XDEW.DE.
Performance
SPQB.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPQB.DE achieves a 7.95% return, which is significantly lower than XDEW.DE's 14.19% return.
SPQB.DE
- 1D
- 0.00%
- 1M
- 2.95%
- YTD
- 7.95%
- 6M
- 8.34%
- 1Y
- 15.54%
- 3Y*
- 10.70%
- 5Y*
- —
- 10Y*
- —
XDEW.DE
- 1D
- 0.12%
- 1M
- 4.84%
- YTD
- 14.19%
- 6M
- 14.80%
- 1Y
- 23.04%
- 3Y*
- 13.26%
- 5Y*
- 9.62%
- 10Y*
- 11.89%
SPQB.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 7.95% | -0.77% | 20.64% | 4.26% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.19% | -0.46% | 18.66% | 3.49% |
Correlation
The correlation between SPQB.DE and XDEW.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.57 |
The correlation between SPQB.DE and XDEW.DE has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
SPQB.DE vs. XDEW.DE — Risk / Return Rank
SPQB.DE
XDEW.DE
SPQB.DE vs. XDEW.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 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 4.54 | +0.50 |
| Martin ratioReturn relative to average drawdown | 14.54 | 13.84 | +0.71 |
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Drawdowns
SPQB.DE vs. XDEW.DE - Drawdown Comparison
The maximum SPQB.DE drawdown since its inception was -16.15%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for SPQB.DE and XDEW.DE.
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Drawdown Indicators
| SPQB.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -38.79% | +22.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -5.06% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -22.70% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -5.35% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.66% | -0.59% |
Volatility
SPQB.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) is 1.45%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.27%. This indicates that SPQB.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.27% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 6.85% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.44% | 10.73% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.88% | 14.90% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.88% | 16.82% | -6.94% |
SPQB.DE vs. XDEW.DE - Expense Ratio Comparison
SPQB.DE has a 0.50% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
SPQB.DE vs. XDEW.DE - Dividend Comparison
Neither SPQB.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQB.DE and XDEW.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SPQB.DE.
SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.50% for SPQB.DE and 0.20% for XDEW.DE.
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