CBUM.DE vs. SPQH.DE
CBUM.DE (iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc)) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - CBUM.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Index (EUR Hedged), 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, CBUM.DE returned 17.72%/yr vs 6.55%/yr for SPQH.DE. At a 0.35 correlation, their price movements are largely independent. CBUM.DE charges 0.10%/yr vs 0.50%/yr for SPQH.DE.
Performance
CBUM.DE vs. SPQH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUM.DE achieves a 8.15% return, which is significantly higher than SPQH.DE's 2.79% return.
CBUM.DE
- 1D
- 0.34%
- 1M
- 0.11%
- 6M
- 8.82%
- YTD
- 8.15%
- 1Y
- 20.50%
- 3Y*
- 17.72%
- 5Y*
- —
- 10Y*
- —
SPQH.DE
- 1D
- 0.00%
- 1M
- 1.12%
- 6M
- 3.56%
- YTD
- 2.79%
- 1Y
- 10.07%
- 3Y*
- 6.55%
- 5Y*
- —
- 10Y*
- —
CBUM.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUM.DE iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) | 8.15% | 15.88% | 21.99% | 18.14% |
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 CBUM.DE and SPQH.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
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 |
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Return for Risk
CBUM.DE vs. SPQH.DE — Risk / Return Rank
CBUM.DE
SPQH.DE
CBUM.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) (CBUM.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.
| CBUM.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 3.20 | -0.93 |
| Martin ratioReturn relative to average drawdown | 9.58 | 7.87 | +1.71 |
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Drawdowns
CBUM.DE vs. SPQH.DE - Drawdown Comparison
The maximum CBUM.DE drawdown since its inception was -19.25%, 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 CBUM.DE and SPQH.DE.
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Drawdown Indicators
| CBUM.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.25% | -17.68% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -3.16% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -17.68% | -1.57% |
Current DrawdownCurrent decline from peak | -1.13% | -3.86% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -4.41% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.28% | +0.85% |
Volatility
CBUM.DE vs. SPQH.DE - Volatility Comparison
iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) (CBUM.DE) has a higher volatility of 4.03% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 2.13%. This indicates that CBUM.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
| CBUM.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 2.13% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 4.67% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 7.43% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 11.06% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 11.06% | +3.95% |
CBUM.DE vs. SPQH.DE - Expense Ratio Comparison
CBUM.DE has a 0.10% expense ratio, which is lower than SPQH.DE's 0.50% expense ratio.
Dividends
CBUM.DE vs. SPQH.DE - Dividend Comparison
Neither CBUM.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUM.DE and SPQH.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUM.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUM.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for SPQH.DE.
CBUM.DE is categorized as S&P 500, while SPQH.DE is Defined Outcome. CBUM.DE tracks S&P 500 Scored & Screened Index (EUR Hedged), while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for CBUM.DE and 0.50% for SPQH.DE.
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