CAUT.DE vs. SPQH.DE

Last updated Jun 5, 2026

CAUT.DE (Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - CAUT.DE is a Technology Equities fund tracking the Solactive China Electric Vehicle and Battery, 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, CAUT.DE returned 1.53%/yr vs 5.93%/yr for SPQH.DE. At a 0.06 correlation, their price movements are largely independent. CAUT.DE charges 0.68%/yr vs 0.50%/yr for SPQH.DE.

Performance

CAUT.DE vs. SPQH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating (CAUT.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, CAUT.DE achieves a 0.51% return, which is significantly lower than SPQH.DE's 1.52% return.

CAUT.DE

• 1D: -2.17%
• 1M: -12.56%
• YTD: 0.51%
• 6M: 5.19%
• 1Y: 33.26%
• 3Y*: 1.53%
• 5Y*: —
• 10Y*: —

SPQH.DE

• 1D: -0.13%
• 1M: 1.59%
• YTD: 1.52%
• 6M: 2.08%
• 1Y: 6.72%
• 3Y*: 5.93%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
CAUT.DE Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating	0.51%	27.42%	9.31%	-36.42%
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 CAUT.DE and SPQH.DE is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023	0.06

Return for Risk

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

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

CAUT.DE

CAUT.DE Risk / Return Rank: 34
CAUT.DE Sharpe Ratio Rank: 33
CAUT.DE Sortino Ratio Rank: 32
CAUT.DE Omega Ratio Rank: 32
CAUT.DE Calmar Ratio Rank: 43
CAUT.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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating (CAUT.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.

	CAUT.DE	SPQH.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.18	0.92	+0.26
Sortino ratio: Return per unit of downside risk	1.67	1.32	+0.35
Omega ratio: Gain probability vs. loss probability	1.21	1.16	+0.05
Calmar ratio: Return relative to maximum drawdown	2.08	2.12	-0.04
Martin ratio: Return relative to average drawdown	4.42	4.81	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CAUT.DE Sharpe Ratio is 1.18, which is comparable to the SPQH.DE Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of CAUT.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

	CAUT.DE	SPQH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.92	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	0.68	-0.95

Drawdowns

CAUT.DE vs. SPQH.DE - Drawdown Comparison

The maximum CAUT.DE drawdown since its inception was -69.24%, 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 CAUT.DE and SPQH.DE.

Drawdown Indicators

	CAUT.DE	SPQH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-69.24%	-17.68%	-51.56%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-3.16%	-12.73%
Max Drawdown (3Y) Largest decline over 3 years	-42.32%	-17.68%	-24.64%
Current Drawdown Current decline from peak	-43.96%	-5.05%	-38.91%
Average Drawdown Average peak-to-trough decline	-45.53%	-4.12%	-41.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	1.39%	+6.12%

Volatility

CAUT.DE vs. SPQH.DE - Volatility Comparison

Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating (CAUT.DE) has a higher volatility of 6.05% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.63%. This indicates that CAUT.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

	CAUT.DE	SPQH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	1.63%	+4.42%
Volatility (6M) Calculated over the trailing 6-month period	18.36%	4.52%	+13.84%
Volatility (1Y) Calculated over the trailing 1-year period	28.22%	7.30%	+20.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.13%	10.79%	+22.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	10.79%	+22.34%

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

CAUT.DE has a 0.68% expense ratio, which is higher than SPQH.DE's 0.50% expense ratio.

Dividends

CAUT.DE vs. SPQH.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

CAUT.DE and SPQH.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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.

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

SPQH.DE is cheaper with a 0.50% expense ratio, compared with 0.68% for CAUT.DE.

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

CAUT.DE is categorized as Technology Equities, while SPQH.DE is Defined Outcome. CAUT.DE tracks Solactive China Electric Vehicle and Battery, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. Their fees differ too: 0.68% for CAUT.DE and 0.50% for SPQH.DE.