SPQB.DE vs. ZA30.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) and iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.DE).

SPQB.DE and ZA30.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPQB.DE is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. It was launched on Feb 21, 2023. ZA30.DE is a passively managed fund by iShares that tracks the performance of the S&P 500 ESG. It was launched on Aug 2, 2022. Both SPQB.DE and ZA30.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPQB.DE vs. ZA30.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 iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.DE). The values are adjusted to include any dividend payments, if applicable.

SPQB.DE vs. ZA30.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF	0.81%	-0.77%	20.64%	10.42%
ZA30.DE iShares S&P 500 ESG UCITS ETF USD Acc	-2.86%	5.34%	31.19%	17.90%

Returns By Period

In the year-to-date period, SPQB.DE achieves a 0.81% return, which is significantly higher than ZA30.DE's -2.86% return.

SPQB.DE

• 1D: 0.57%
• 1M: 0.21%
• YTD: 0.81%
• 6M: 3.88%
• 1Y: 4.26%
• 3Y*: 9.88%
• 5Y*: —
• 10Y*: —

ZA30.DE

• 1D: 1.74%
• 1M: -3.48%
• YTD: -2.86%
• 6M: 1.74%
• 1Y: 11.77%
• 3Y*: 16.33%
• 5Y*: —
• 10Y*: —

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

SPQB.DE vs. ZA30.DE - Expense Ratio Comparison

SPQB.DE has a 0.50% expense ratio, which is higher than ZA30.DE's 0.07% expense ratio.

SPQB.DE

Global X S&P 500 Quarterly Buffer UCITS ETF

ZA30.DE

iShares S&P 500 ESG UCITS ETF USD Acc

Return for Risk

SPQB.DE vs. ZA30.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: 22
SPQB.DE Sharpe Ratio Rank: 21
SPQB.DE Sortino Ratio Rank: 19
SPQB.DE Omega Ratio Rank: 20
SPQB.DE Calmar Ratio Rank: 25
SPQB.DE Martin Ratio Rank: 27

ZA30.DE

ZA30.DE Risk / Return Rank: 39
ZA30.DE Sharpe Ratio Rank: 34
ZA30.DE Sortino Ratio Rank: 32
ZA30.DE Omega Ratio Rank: 35
ZA30.DE Calmar Ratio Rank: 46
ZA30.DE Martin Ratio Rank: 50

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. ZA30.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 S&P 500 ESG UCITS ETF USD Acc (ZA30.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	ZA30.DE	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.69	-0.33
Sortino ratio Return per unit of downside risk	0.54	1.01	-0.47
Omega ratio Gain probability vs. loss probability	1.08	1.15	-0.07
Calmar ratio Return relative to maximum drawdown	0.69	1.36	-0.66
Martin ratio Return relative to average drawdown	2.54	5.35	-2.81
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. ZA30.DE - Sharpe Ratio Comparison

The current SPQB.DE Sharpe Ratio is 0.35, which is lower than the ZA30.DE Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of SPQB.DE and ZA30.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPQB.DE	ZA30.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.69	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.93	+0.06

Correlation

The correlation between SPQB.DE and ZA30.DE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPQB.DE vs. ZA30.DE - Dividend Comparison

Neither SPQB.DE nor ZA30.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPQB.DE vs. ZA30.DE - Drawdown Comparison

The maximum SPQB.DE drawdown since its inception was -16.15%, smaller than the maximum ZA30.DE drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for SPQB.DE and ZA30.DE.

Drawdown Indicators

	SPQB.DE	ZA30.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.15%	-23.45%	+7.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-13.74%	+3.47%
Current Drawdown Current decline from peak	-2.27%	-4.93%	+2.66%
Average Drawdown Average peak-to-trough decline	-2.69%	-3.34%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.22%	-0.41%

Volatility

SPQB.DE vs. ZA30.DE - Volatility Comparison

The current volatility for Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) is 2.07%, while iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.DE) has a volatility of 3.75%. This indicates that SPQB.DE experiences smaller price fluctuations and is considered to be less risky than ZA30.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPQB.DE	ZA30.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.07%	3.75%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	5.50%	8.38%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	17.14%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.75%	14.55%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.75%	14.55%	-4.80%