E61Z.DE vs. SPQH.DE
E61Z.DE (Global X E-commerce UCITS ETF USD Accumulating) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - E61Z.DE is a Consumer Staples Equities fund tracking the Solactive E-commerce, 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, E61Z.DE returned 14.61%/yr vs 5.93%/yr for SPQH.DE. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
E61Z.DE vs. SPQH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E61Z.DE achieves a -14.62% return, which is significantly lower than SPQH.DE's 1.52% return.
E61Z.DE
- 1D
- 1.36%
- 1M
- 0.05%
- YTD
- -14.62%
- 6M
- -13.76%
- 1Y
- -9.72%
- 3Y*
- 14.61%
- 5Y*
- —
- 10Y*
- —
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.59%
- YTD
- 1.52%
- 6M
- 2.08%
- 1Y
- 6.72%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
E61Z.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
E61Z.DE Global X E-commerce UCITS ETF USD Accumulating | -14.62% | 7.18% | 37.44% | 13.11% |
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 E61Z.DE and SPQH.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.38 |
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Return for Risk
E61Z.DE vs. SPQH.DE — Risk / Return Rank
E61Z.DE
SPQH.DE
E61Z.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce UCITS ETF USD Accumulating (E61Z.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.
| E61Z.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.16 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.12 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.76 | 4.81 | -5.57 |
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
| E61Z.DE | SPQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 0.92 | -1.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.68 | -0.80 |
Drawdowns
E61Z.DE vs. SPQH.DE - Drawdown Comparison
The maximum E61Z.DE drawdown since its inception was -49.16%, 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 E61Z.DE and SPQH.DE.
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Drawdown Indicators
| E61Z.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.16% | -17.68% | -31.48% |
Max Drawdown (1Y)Largest decline over 1 year | -25.19% | -3.16% | -22.03% |
Max Drawdown (3Y)Largest decline over 3 years | -30.13% | -17.68% | -12.45% |
Current DrawdownCurrent decline from peak | -21.27% | -5.05% | -16.22% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -4.12% | -21.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 1.39% | +11.36% |
Volatility
E61Z.DE vs. SPQH.DE - Volatility Comparison
Global X E-commerce UCITS ETF USD Accumulating (E61Z.DE) has a higher volatility of 4.55% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.63%. This indicates that E61Z.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
| E61Z.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 1.63% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 4.52% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 7.30% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.20% | 10.79% | +16.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.20% | 10.79% | +16.41% |
E61Z.DE vs. SPQH.DE - Expense Ratio Comparison
Both E61Z.DE and SPQH.DE have an expense ratio of 0.50%.
Dividends
E61Z.DE vs. SPQH.DE - Dividend Comparison
Neither E61Z.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
E61Z.DE and SPQH.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
E61Z.DE and SPQH.DE have the same expense ratio: 0.50% per year.
E61Z.DE is categorized as Consumer Staples Equities, while SPQH.DE is Defined Outcome. E61Z.DE tracks Solactive E-commerce, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index.
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