# GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD (SQBP) **Page:** https://fundology.uk/fund/sqbp · ISIN IE000LSRKCB4 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, SQBP (GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD, ISIN IE000LSRKCB4) closed at £17.73 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the three years to 13/11/2026 its price changed by +28.3%, or +16.0% after UK CPIH inflation. ## Summary GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Global X, launched in 2023. It tracks the CBOE S&P 500 15% WHT Quarterly 5% Buffer Protect Index - Benchmark TR Net — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£17.73** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SQBP | | ISIN | IE000LSRKCB4 | | Also listed as | SPQB (London Stock Exchange, US dollars) | | Category | Other | | Type | ETF | | Provider | Global X | | Tracks | CBOE S&P 500 15% WHT Quarterly 5% Buffer Protect Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £21.4m | | Launched | 2023 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/02/2023 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +7.84% | +4.02% | income reinvested | | 3 years | +28.35% | +15.96% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2024 +16.3%, 2025 +2.5%; 2026 to 13/11/2026 +9.4%. Returns of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.7%; to 30/09/2025: +10.9%; to 30/09/2024: +5.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +16.3% | +12.4% | Price | | 2025 | +2.5% | -1.0% | Price | | 2026 to 13/11/2026 | +9.4% | +5.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.20% | -3.82% | | 3 years | 8.04% | -12.57% | ## Largest fall Volatility of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 7.2% over 1 year, 8.0% over 3 years. Largest fall in the price of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD since February 2023, in pounds: −12.6% from 17/01/2025 to 18/04/2025. The lowest 12-month return of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since February 2023 was −0.1% (12 months to 30/01/2026); the highest was +18.6% (12 months to 17/01/2025). On 13/11/2026 the price of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD was 1.3% below its highest weekly close since February 2023 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD 0.50% a year. Compared on 14/11/2026, 45 of the 68 other other funds charge more, 6 the same and 17 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of SQBP?** The ongoing charge of SQBP is 0.50% a year — about £50 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of GLOBAL X S&P 500 Quarterly Buffer UCITS ETF AccumUSD 0.50% a year. Compared on 14/11/2026, 45 of the 68 other other funds charge more, 6 the same and 17 less (share classes counted once). **What does SQBP track?** SQBP tracks the CBOE S&P 500 15% WHT Quarterly 5% Buffer Protect Index - Benchmark TR Net — about 500 of the largest companies listed in the US. **Is SQBP accumulating or distributing?** SQBP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of SQBP?** The ISIN of SQBP is IE000LSRKCB4. An ISIN identifies one exact share class of a fund; SQBP is its ticker on the London Stock Exchange. The same share class is also listed as SPQB (London Stock Exchange, US dollars). **What were SQBP’s returns in each of the last five years?** Calendar-year returns of SQBP in pounds (price, with income reinvested in the fund): 2024 +16.3%, 2025 +2.5%; 2026 to 13/11/2026 +9.4%. Past performance is not a guide to future returns. **How has SQBP done after inflation?** Over the three years to 13/11/2026 SQBP’s price changed by +28.3%, or +16.0% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.