ED3F.DE vs. SPQH.DE

Last updated Apr 14, 2026

ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds — ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech 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. At 0.21, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.50%/yr for SPQH.DE.

Performance

ED3F.DE vs. SPQH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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, ED3F.DE achieves a 16.69% return, which is significantly higher than SPQH.DE's -1.81% return.

ED3F.DE

• 1D: -0.14%
• 1M: -2.24%
• YTD: 16.69%
• 6M: 4.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPQH.DE

• 1D: -0.12%
• 1M: -2.47%
• YTD: -1.81%
• 6M: 0.66%
• 1Y: 9.00%
• 3Y*: 6.70%
• 5Y*: —
• 10Y*: —

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

ED3F.DE vs. SPQH.DE - Yearly Performance Comparison

	2026 (YTD)	2025
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	16.69%	4.82%
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating	-1.81%	4.94%

Correlation

The correlation between ED3F.DE and SPQH.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.21

Return for Risk

ED3F.DE vs. SPQH.DE — Risk / Return Rank

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

SPQH.DE

SPQH.DE Risk / Return Rank: 27
SPQH.DE Sharpe Ratio Rank: 22
SPQH.DE Sortino Ratio Rank: 22
SPQH.DE Omega Ratio Rank: 21
SPQH.DE Calmar Ratio Rank: 40
SPQH.DE Martin Ratio Rank: 30

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.

ED3F.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ED3F.DE	SPQH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.60	+0.24

Drawdowns

ED3F.DE vs. SPQH.DE - Drawdown Comparison

The maximum ED3F.DE drawdown since its inception was -20.72%, 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 ED3F.DE and SPQH.DE.

Drawdown Indicators

	ED3F.DE	SPQH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.72%	-17.68%	-3.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.07%	—
Current Drawdown Current decline from peak	-7.61%	-8.17%	+0.56%
Average Drawdown Average peak-to-trough decline	-7.11%	-4.02%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	ED3F.DE	SPQH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.14%	8.73%	+21.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.14%	10.99%	+19.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.14%	10.99%	+19.15%

ED3F.DE vs. SPQH.DE - Expense Ratio Comparison

ED3F.DE has a 0.40% expense ratio, which is lower than SPQH.DE's 0.50% expense ratio.

Dividends

ED3F.DE vs. SPQH.DE - Dividend Comparison

Neither ED3F.DE nor SPQH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments