Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating
ISIN IE0009BM62P2
|Ticker SPAB
TER
0.50% p.a.
Distribution policy
Accumulating
Replication
Swap-based
Fund size
1 m
Overview
Description
The Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating seeks to track the Cboe S&P 500 Annual 15% Buffer Protect index. The Cboe S&P 500 Annual 15% Buffer Protect index tracks the performance of the S&P 500 while using put options in an attempt to buffer investors against the first 15% of losses each year. The buffer strategy comes with the drawback that possible value gains are capped.
Documents
Chart
Basics
Data
| Index | Cboe S&P 500 Annual 15% Buffer Protect |
| Investment focus | Equity, United States |
| Fund size | GBP 1 m |
| Total expense ratio | 0.50% p.a. |
| Replication | Synthetic (Unfunded swap) |
| Legal structure | ETF |
| Strategy risk | Long-only |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in GBP) | 7.83% |
| Inception/ Listing Date | 7 November 2023 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | Global X |
| Fund Structure | Company With Variable Capital (SICAV) |
| UCITS compliance | Yes |
| Administrator | SEI Investments – Global Fund Services Limited |
| Investment Advisor | |
| Custodian Bank | Brown Brothers Harriman & Co. |
| Revision Company | PwC |
| Fiscal Year End | - |
| Swiss representative | 1741 Fund Solutions AG |
| Swiss paying agent | Tellco AG |
| Germany | Unknown |
| Switzerland | ESTV Reporting |
| Austria | Tax Reporting Fund |
| UK | Unknown |
| Indextype | Total return index |
| Swap counterparty | Citi |
| Collateral manager | |
| Securities lending | No |
| Securities lending counterparty |
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Performance
Returns overview
| YTD | +13.55% |
| 1 month | +4.38% |
| 3 months | +5.81% |
| 6 months | +5.98% |
| 1 year | +11.00% |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | +12.07% |
| 2023 | - |
| 2022 | - |
| 2021 | - |
| 2020 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 7.83% |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | 1.40 |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | -3.54% |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -3.54% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| Borsa Italiana | EUR | SPAB | - - | - - | - |
| SIX Swiss Exchange | CHF | SPAB | - - | - - | - |
| London Stock Exchange | GBP | SABP | SPABGBIV | SABP.L | GHCO/Virtu |
| London Stock Exchange | USD | SPAB | SPABGBIV | GXSPAB.L | GHCO/Virtu |
| XETRA | EUR | 5PAB | SPABEUIV | 5PAB.DE | GHCO/Virtu |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| Global X Nasdaq 100 Covered Call UCITS ETF D | 271 | 0.45% p.a. | Distributing | Swap-based |
| Global X S&P 500 Quarterly Buffer UCITS ETF USD Accumulating | 89 | 0.50% p.a. | Accumulating | Swap-based |
| Global X S&P 500® Covered Call UCITS ETF D | 36 | 0.45% p.a. | Distributing | Swap-based |
| Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 13 | 0.50% p.a. | Accumulating | Swap-based |
| Global X Nasdaq 100 Covered Call UCITS ETF USD Accumulating | 3 | 0.45% p.a. | Accumulating | Swap-based |
Frequently asked questions
What is the name of SPAB?
The name of SPAB is Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating.
What is the ticker of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating?
The primary ticker of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating is SPAB.
What is the ISIN of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating?
The ISIN of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating is IE0009BM62P2.
What are the costs of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating?
The total expense ratio (TER) of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating amounts to 0.50% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating paying dividends?
Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating?
The fund size of Global X S&P 500 Annual Buffer UCITS ETF USD Accumulating is 1m GBP. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.