4COP.DE vs. SPQH.DE
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - 4COP.DE is a Commodity Producers Equities fund tracking the Solactive Global Copper Miners v2 Index, while SPQH.DE is a Defined Outcome fund tracking the Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. Both are passively managed. Over the past 3 years, 4COP.DE returned 34.58%/yr vs 5.93%/yr for SPQH.DE. At a 0.07 correlation, their price movements are largely independent. 4COP.DE charges 0.55%/yr vs 0.50%/yr for SPQH.DE.
Performance
4COP.DE vs. SPQH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4COP.DE achieves a 24.89% return, which is significantly higher than SPQH.DE's 1.52% return.
4COP.DE
- 1D
- -0.93%
- 1M
- 8.84%
- YTD
- 24.89%
- 6M
- 35.72%
- 1Y
- 109.69%
- 3Y*
- 34.58%
- 5Y*
- —
- 10Y*
- —
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.96%
- YTD
- 1.52%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
4COP.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 24.89% | 73.62% | 9.38% | -0.97% |
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 1.52% | -4.41% | 21.88% | 6.82% |
Correlation
The correlation between 4COP.DE and SPQH.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.07 |
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Return for Risk
4COP.DE vs. SPQH.DE — Risk / Return Rank
4COP.DE
SPQH.DE
4COP.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.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.
| 4COP.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.16 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.12 | +2.16 |
| Martin ratioReturn relative to average drawdown | 13.68 | 4.81 | +8.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4COP.DE | SPQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 0.92 | +1.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.68 | +0.05 |
Drawdowns
4COP.DE vs. SPQH.DE - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.12%, which is greater than SPQH.DE's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and SPQH.DE.
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Drawdown Indicators
| 4COP.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.12% | -17.68% | -21.44% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -3.16% | -23.05% |
Max Drawdown (3Y)Largest decline over 3 years | -39.12% | -17.68% | -21.44% |
Current DrawdownCurrent decline from peak | -5.17% | -5.05% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -4.12% | -10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.22% | 1.39% | +6.83% |
Volatility
4COP.DE vs. SPQH.DE - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 13.96% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.63%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier than SPQH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4COP.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.96% | 1.63% | +12.33% |
Volatility (6M)Calculated over the trailing 6-month period | 33.13% | 4.52% | +28.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.63% | 7.30% | +31.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.97% | 10.79% | +22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.97% | 10.79% | +22.18% |
4COP.DE vs. SPQH.DE - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than SPQH.DE's 0.50% expense ratio.
Dividends
4COP.DE vs. SPQH.DE - Dividend Comparison
Neither 4COP.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and SPQH.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPQH.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPQH.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Commodity Producers Equities, while SPQH.DE is Defined Outcome. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. Their fees differ too: 0.55% for 4COP.DE and 0.50% for SPQH.DE.
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