XDPE.DE vs. SPQB.DE
XDPE.DE (Xtrackers S&P 500 UCITS ETF EUR Hedged (Acc)) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both S&P 500 funds - XDPE.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, XDPE.DE returned 17.59%/yr vs 10.14%/yr for SPQB.DE. At a 0.36 correlation, their price movements are largely independent. XDPE.DE charges 0.20%/yr vs 0.50%/yr for SPQB.DE.
Performance
XDPE.DE vs. SPQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDPE.DE achieves a 7.74% return, which is significantly higher than SPQB.DE's 7.07% return.
XDPE.DE
- 1D
- 0.19%
- 1M
- -1.02%
- 6M
- 8.95%
- YTD
- 7.74%
- 1Y
- 17.57%
- 3Y*
- 17.59%
- 5Y*
- 10.14%
- 10Y*
- 12.45%
SPQB.DE
- 1D
- 0.00%
- 1M
- 1.55%
- 6M
- 7.73%
- YTD
- 7.07%
- 1Y
- 14.84%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
XDPE.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDPE.DE Xtrackers S&P 500 UCITS ETF EUR Hedged (Acc) | 7.74% | 15.08% | 22.74% | 16.40% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 7.07% | -0.77% | 20.64% | 4.26% |
Correlation
The correlation between XDPE.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 |
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Return for Risk
XDPE.DE vs. SPQB.DE — Risk / Return Rank
XDPE.DE
SPQB.DE
XDPE.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 (Acc) (XDPE.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.
| XDPE.DE | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 4.81 | -2.79 |
| Martin ratioReturn relative to average drawdown | 8.11 | 13.86 | -5.75 |
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Drawdowns
XDPE.DE vs. SPQB.DE - Drawdown Comparison
The maximum XDPE.DE drawdown since its inception was -34.35%, 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 XDPE.DE and SPQB.DE.
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Drawdown Indicators
| XDPE.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -16.15% | -18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -3.10% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -16.15% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -1.04% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -2.84% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.07% | +1.09% |
Volatility
XDPE.DE vs. SPQB.DE - Volatility Comparison
Xtrackers S&P 500 UCITS ETF EUR Hedged (Acc) (XDPE.DE) has a higher volatility of 4.08% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.75%. This indicates that XDPE.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
| XDPE.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 1.75% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 4.40% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 7.45% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 9.87% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 9.87% | +6.41% |
XDPE.DE vs. SPQB.DE - Expense Ratio Comparison
XDPE.DE has a 0.20% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.
Dividends
XDPE.DE vs. SPQB.DE - Dividend Comparison
Neither XDPE.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
XDPE.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, XDPE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDPE.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SPQB.DE.
XDPE.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 XDPE.DE and 0.50% for SPQB.DE.
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