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XDPD.DE vs. SPQB.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDPD.DE vs. SPQB.DE

Last updated Jul 4, 2026
See Documentation

XDPD.DE (Xtrackers S&P 500 UCITS ETF EUR Hedged (Dist)) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both S&P 500 funds - XDPD.DE tracks the S&P 500 Index (EUR Hedged) while SPQB.DE tracks the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past 3 years, XDPD.DE returned 17.59%/yr vs 10.14%/yr for SPQB.DE. At a 0.36 correlation, their price movements are largely independent. XDPD.DE charges 0.20%/yr vs 0.50%/yr for SPQB.DE.

Performance

XDPD.DE vs. SPQB.DE - Performance Comparison

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

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Returns By Period

In the year-to-date period, XDPD.DE achieves a 7.76% return, which is significantly higher than SPQB.DE's 7.07% return.

XDPD.DE

1D
0.19%
1M
-1.01%
6M
8.74%
YTD
7.76%
1Y
17.59%
3Y*
17.59%
5Y*
10.14%
10Y*
—

SPQB.DE

1D
0.00%
1M
1.55%
6M
7.73%
YTD
7.07%
1Y
14.84%
3Y*
10.14%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
XDPD.DE
Xtrackers S&P 500 UCITS ETF EUR Hedged (Dist)		7.76%15.06%22.79%16.38%
SPQB.DE
Global X S&P 500 Quarterly Buffer UCITS ETF		7.07%-0.77%20.64%4.26%

Correlation

The correlation between XDPD.DE and SPQB.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

0.36

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2023

0.36

Compare stocks, funds, or ETFs

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Xtrackers S&P 500 UCITS ETF EUR Hedged (Dist)

Global X S&P 500 Quarterly Buffer UCITS ETF

Often compared with SPQB.DE:
SPQB.DE vs. SPYSPQB.DE vs. B500.DESPQB.DE vs. 4UBQ.DESPQB.DE vs. XDED.DESPQB.DE vs. ZA30.DESPQB.DE vs. SXR8.DESPQB.DE vs. KROP.DE

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDPD.DE
XDPD.DE Risk / Return Rank: 5252
Overall Rank
XDPD.DE Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
XDPD.DE Sortino Ratio Rank: 5555
Sortino Ratio Rank
XDPD.DE Omega Ratio Rank: 4848
Omega Ratio Rank
XDPD.DE Calmar Ratio Rank: 4848
Calmar Ratio Rank
XDPD.DE Martin Ratio Rank: 5656
Martin Ratio Rank
SPQB.DE
SPQB.DE Risk / Return Rank: 8181
Overall Rank
SPQB.DE Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SPQB.DE Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPQB.DE Omega Ratio Rank: 7878
Omega Ratio Rank
SPQB.DE Calmar Ratio Rank: 9191
Calmar Ratio Rank
SPQB.DE Martin Ratio Rank: 8484
Martin Ratio Rank
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.

XDPD.DE vs. SPQB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 UCITS ETF EUR Hedged (Dist) (XDPD.DE) and Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.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.

XDPD.DESPQB.DEDifference
Sharpe ratioReturn per unit of total volatility
1.46
2.01

-0.55

Sortino ratioReturn per unit of downside risk
2.20
2.76

-0.56

Omega ratioGain probability vs. loss probability

1.26

1.38

-0.11

Calmar ratioReturn relative to maximum drawdown

2.02

4.81

-2.80

Martin ratioReturn relative to average drawdown

8.10

13.86

-5.76

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

The current XDPD.DE Sharpe Ratio is 1.46, which is comparable to the SPQB.DE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of XDPD.DE and SPQB.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.

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Drawdowns

XDPD.DE vs. SPQB.DE - Drawdown Comparison

The maximum XDPD.DE drawdown since its inception was -34.14%, which is greater than SPQB.DE's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for XDPD.DE and SPQB.DE.

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Drawdown Indicators

XDPD.DESPQB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-34.14%

-16.15%

-17.99%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-3.10%

-5.57%

Max Drawdown (3Y)

Largest decline over 3 years

-18.51%

-16.15%

-2.36%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

—

—

Current Drawdown

Current decline from peak

-1.57%

-1.04%

-0.53%

Average Drawdown

Average peak-to-trough decline

-5.85%

-2.84%

-3.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

1.07%

+1.10%

Volatility

XDPD.DE vs. SPQB.DE - Volatility Comparison

Xtrackers S&P 500 UCITS ETF EUR Hedged (Dist) (XDPD.DE) has a higher volatility of 4.04% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.75%. This indicates that XDPD.DE's price experiences larger fluctuations and is considered to be riskier than SPQB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDPD.DESPQB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.04%

1.75%

+2.29%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

4.40%

+4.80%

Volatility (1Y)

Calculated over the trailing 1-year period

12.06%

7.45%

+4.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.05%

9.87%

+6.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.69%

9.87%

+7.82%

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

XDPD.DE has a 0.20% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.

Dividends

XDPD.DE vs. SPQB.DE - Dividend Comparison

XDPD.DE's dividend yield for the trailing twelve months is around 0.71%, while SPQB.DE has not paid dividends to shareholders.

PositionTTM202520242023202220212020
SPQB.DE
Global X S&P 500 Quarterly Buffer UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XDPD.DE
Xtrackers S&P 500 UCITS ETF EUR Hedged (Dist)		0.71%0.80%0.89%1.04%1.91%0.85%1.43%

Frequently Asked Questions

XDPD.DE and SPQB.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.

On fees, XDPD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDPD.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SPQB.DE.

XDPD.DE tracks S&P 500 Index (EUR Hedged), while SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.20% for XDPD.DE and 0.50% for SPQB.DE.

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