AW1C.DE vs. SPQH.DE

Last updated Jun 5, 2026

AW1C.DE (UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - AW1C.DE is a S&P 500 fund tracking the S&P 500® ESG Elite, 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, AW1C.DE returned 21.18%/yr vs 5.93%/yr for SPQH.DE. A 0.67 correlation means they provide meaningful diversification when combined. AW1C.DE charges 0.15%/yr vs 0.50%/yr for SPQH.DE.

Performance

AW1C.DE vs. SPQH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW1C.DE achieves a 21.11% return, which is significantly higher than SPQH.DE's 1.52% return.

AW1C.DE

• 1D: -0.12%
• 1M: 10.22%
• YTD: 21.11%
• 6M: 22.20%
• 1Y: 39.06%
• 3Y*: 21.18%
• 5Y*: 15.78%
• 10Y*: —

SPQH.DE

• 1D: -0.13%
• 1M: 1.96%
• YTD: 1.52%
• 6M: 1.67%
• 1Y: 6.86%
• 3Y*: 5.93%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AW1C.DE vs. SPQH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AW1C.DE UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc	21.11%	6.94%	24.89%	17.88%
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 AW1C.DE and SPQH.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023	0.67

The correlation between AW1C.DE and SPQH.DE shifts across timeframes, from 0.55 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AW1C.DE vs. SPQH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AW1C.DE

AW1C.DE Risk / Return Rank: 51
AW1C.DE Sharpe Ratio Rank: 45
AW1C.DE Sortino Ratio Rank: 49
AW1C.DE Omega Ratio Rank: 82
AW1C.DE Calmar Ratio Rank: 47
AW1C.DE Martin Ratio Rank: 31

SPQH.DE

SPQH.DE Risk / Return Rank: 30
SPQH.DE Sharpe Ratio Rank: 26
SPQH.DE Sortino Ratio Rank: 25
SPQH.DE Omega Ratio Rank: 25
SPQH.DE Calmar Ratio Rank: 43
SPQH.DE Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AW1C.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.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.

	AW1C.DE	SPQH.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.56	0.92	+0.64
Sortino ratio: Return per unit of downside risk	2.34	1.32	+1.02
Omega ratio: Gain probability vs. loss probability	1.48	1.16	+0.32
Calmar ratio: Return relative to maximum drawdown	2.33	2.12	+0.21
Martin ratio: Return relative to average drawdown	4.43	4.81	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AW1C.DE vs. SPQH.DE - Sharpe Ratio Comparison

The current AW1C.DE Sharpe Ratio is 1.56, which is higher than the SPQH.DE Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of AW1C.DE and SPQH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AW1C.DE	SPQH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.92	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.68	+0.23

Drawdowns

AW1C.DE vs. SPQH.DE - Drawdown Comparison

The maximum AW1C.DE drawdown since its inception was -22.40%, 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 AW1C.DE and SPQH.DE.

Drawdown Indicators

	AW1C.DE	SPQH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.40%	-17.68%	-4.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.86%	-3.16%	-13.70%
Max Drawdown (3Y) Largest decline over 3 years	-22.40%	-17.68%	-4.72%
Max Drawdown (5Y) Largest decline over 5 years	-22.40%	—	—
Current Drawdown Current decline from peak	-0.12%	-5.05%	+4.93%
Average Drawdown Average peak-to-trough decline	-5.82%	-4.12%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.90%	1.39%	+7.51%

Volatility

AW1C.DE vs. SPQH.DE - Volatility Comparison

UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) has a higher volatility of 3.81% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.63%. This indicates that AW1C.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.

Volatility by Period

	AW1C.DE	SPQH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	1.63%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	4.52%	+4.62%
Volatility (1Y) Calculated over the trailing 1-year period	25.24%	7.30%	+17.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	10.79%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	10.79%	+7.32%

AW1C.DE vs. SPQH.DE - Expense Ratio Comparison

AW1C.DE has a 0.15% expense ratio, which is lower than SPQH.DE's 0.50% expense ratio.

Dividends

AW1C.DE vs. SPQH.DE - Dividend Comparison

Neither AW1C.DE nor SPQH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW1C.DE and SPQH.DE in my portfolio?

AW1C.DE and SPQH.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW1C.DE or SPQH.DE?

On fees, AW1C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW1C.DE or SPQH.DE?

AW1C.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for SPQH.DE.

What is the main difference between AW1C.DE and SPQH.DE?

AW1C.DE is categorized as S&P 500, while SPQH.DE is Defined Outcome. AW1C.DE tracks S&P 500® ESG Elite, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. They also come from different issuers: UBS and Global X. Their fees differ too: 0.15% for AW1C.DE and 0.50% for SPQH.DE.