5ESE.DE vs. SPQH.DE
5ESE.DE (Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - 5ESE.DE is a S&P 500 fund tracking the S&P 500 ESG 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, 5ESE.DE returned 17.55%/yr vs 6.55%/yr for SPQH.DE. At a 0.35 correlation, their price movements are largely independent. 5ESE.DE charges 0.09%/yr vs 0.50%/yr for SPQH.DE.
Performance
5ESE.DE vs. SPQH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 5ESE.DE achieves a 7.92% return, which is significantly higher than SPQH.DE's 2.79% return.
5ESE.DE
- 1D
- 0.12%
- 1M
- 0.07%
- 6M
- 8.61%
- YTD
- 7.92%
- 1Y
- 20.25%
- 3Y*
- 17.55%
- 5Y*
- —
- 10Y*
- —
SPQH.DE
- 1D
- 0.00%
- 1M
- 1.12%
- 6M
- 3.56%
- YTD
- 2.79%
- 1Y
- 10.07%
- 3Y*
- 6.55%
- 5Y*
- —
- 10Y*
- —
5ESE.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
5ESE.DE Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc | 7.92% | 15.84% | 21.80% | 17.93% |
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 2.79% | -4.41% | 21.88% | 0.96% |
Correlation
The correlation between 5ESE.DE and SPQH.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
5ESE.DE vs. SPQH.DE — Risk / Return Rank
5ESE.DE
SPQH.DE
5ESE.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.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.
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.
| 5ESE.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.20 | -1.01 |
| Martin ratioReturn relative to average drawdown | 9.28 | 7.87 | +1.41 |
Loading charts...
Drawdowns
5ESE.DE vs. SPQH.DE - Drawdown Comparison
The maximum 5ESE.DE drawdown since its inception was -25.54%, 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 5ESE.DE and SPQH.DE.
Loading charts...
Drawdown Indicators
| 5ESE.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -17.68% | -7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -3.16% | -6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -17.68% | -1.63% |
Current DrawdownCurrent decline from peak | -1.36% | -3.86% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -4.41% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.28% | +0.90% |
Volatility
5ESE.DE vs. SPQH.DE - Volatility Comparison
Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.DE) has a higher volatility of 4.11% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 2.13%. This indicates that 5ESE.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.
Loading charts...
Volatility by Period
| 5ESE.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 2.13% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 4.67% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 7.43% | +4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 11.06% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 11.06% | +5.56% |
5ESE.DE vs. SPQH.DE - Expense Ratio Comparison
5ESE.DE has a 0.09% expense ratio, which is lower than SPQH.DE's 0.50% expense ratio.
Dividends
5ESE.DE vs. SPQH.DE - Dividend Comparison
Neither 5ESE.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
5ESE.DE and SPQH.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5ESE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5ESE.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for SPQH.DE.
5ESE.DE is categorized as S&P 500, while SPQH.DE is Defined Outcome. 5ESE.DE tracks S&P 500 ESG Index, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.09% for 5ESE.DE and 0.50% for SPQH.DE.
Find the right allocation for 5ESE.DE and SPQH.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer