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ESEA.DE vs. SPQH.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ESEA.DE vs. SPQH.DE

Last updated Apr 3, 2026

Compare and contrast key facts about BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE).

ESEA.DE and SPQH.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESEA.DE is a passively managed fund by BNP Paribas that tracks the performance of the S&P 500 Index. It was launched on Sep 16, 2013. SPQH.DE is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. It was launched on Feb 21, 2023. Both ESEA.DE and SPQH.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ESEA.DE vs. SPQH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy S&P 500 UCITS ETF (ESEA.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.

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

2026 (YTD)202520242023
ESEA.DE
BNP Paribas Easy S&P 500 UCITS ETF		-4.61%17.46%24.90%20.68%
SPQH.DE
Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating		-3.84%7.92%14.91%11.29%
Different Trading Currencies

ESEA.DE is traded in USD, while SPQH.DE is traded in EUR. To make them comparable, the SPQH.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESEA.DE achieves a -4.61% return, which is significantly lower than SPQH.DE's -3.84% return.

ESEA.DE

1D
-0.29%
1M
-2.87%
YTD
-4.61%
6M
-1.53%
1Y
17.13%
3Y*
17.83%
5Y*
11.48%
10Y*
—

SPQH.DE

1D
-0.68%
1M
-3.20%
YTD
-3.84%
6M
-0.91%
1Y
7.48%
3Y*
8.89%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BNP Paribas Easy S&P 500 UCITS ETF

Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating

Often compared with ESEA.DE:
ESEA.DE vs. PE500.PAESEA.DE vs. VOOESEA.DE vs. BRK-BESEA.DE vs. DYNFESEA.DE vs. SPYESEA.DE vs. TTE.PAESEA.DE vs. AIL.DE
Often compared with SPQH.DE:
SPQH.DE vs. GAUGSPQH.DE vs. JHEQXSPQH.DE vs. SPYSPQH.DE vs. MVOL.LSPQH.DE vs. SWDA.LSPQH.DE vs. BRK-BSPQH.DE vs. WNDY.DE

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

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

SPQH.DE
Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating
ESEA.DE
BNP Paribas Easy S&P 500 UCITS ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESEA.DE
ESEA.DE Risk / Return Rank: 6767
Overall Rank
ESEA.DE Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ESEA.DE Sortino Ratio Rank: 5757
Sortino Ratio Rank
ESEA.DE Omega Ratio Rank: 5757
Omega Ratio Rank
ESEA.DE Calmar Ratio Rank: 7979
Calmar Ratio Rank
ESEA.DE Martin Ratio Rank: 8585
Martin Ratio Rank
SPQH.DE
SPQH.DE Risk / Return Rank: 1515
Overall Rank
SPQH.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
SPQH.DE Sortino Ratio Rank: 1212
Sortino Ratio Rank
SPQH.DE Omega Ratio Rank: 1313
Omega Ratio Rank
SPQH.DE Calmar Ratio Rank: 1919
Calmar Ratio Rank
SPQH.DE Martin Ratio Rank: 2020
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF (ESEA.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.

ESEA.DESPQH.DEDifference

Sharpe ratio

Return per unit of total volatility

1.06

0.54

+0.52

Sortino ratio

Return per unit of downside risk

1.56

0.85

+0.70

Omega ratio

Gain probability vs. loss probability

1.22

1.16

+0.07

Calmar ratio

Return relative to maximum drawdown

2.64

0.93

+1.71

Martin ratio

Return relative to average drawdown

11.40

5.71

+5.68

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ESEA.DE Sharpe Ratio is 1.06, which is higher than the SPQH.DE Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of ESEA.DE and SPQH.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ESEA.DESPQH.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

0.54

+0.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.96

-0.17

Correlation

The correlation between ESEA.DE and SPQH.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ESEA.DE vs. SPQH.DE - Dividend Comparison

ESEA.DE's dividend yield for the trailing twelve months is around 0.71%, while SPQH.DE has not paid dividends to shareholders.

TTM202520242023202220212020
ESEA.DE
BNP Paribas Easy S&P 500 UCITS ETF		0.71%0.68%0.65%0.00%1.08%0.64%0.67%
SPQH.DE
Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ESEA.DE vs. SPQH.DE - Drawdown Comparison

The maximum ESEA.DE drawdown since its inception was -34.14%, which is greater than SPQH.DE's maximum drawdown of -13.33%. Use the drawdown chart below to compare losses from any high point for ESEA.DE and SPQH.DE.

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Drawdown Indicators

ESEA.DESPQH.DEDifference

Max Drawdown

Largest peak-to-trough decline

-34.14%

-17.68%

-16.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-10.50%

+2.06%

Max Drawdown (5Y)

Largest decline over 5 years

-24.35%

—

—

Current Drawdown

Current decline from peak

-5.74%

-8.43%

+2.69%

Average Drawdown

Average peak-to-trough decline

-5.39%

-3.98%

-1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

3.10%

-1.19%

Volatility

ESEA.DE vs. SPQH.DE - Volatility Comparison

BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE) has a higher volatility of 4.57% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 2.67%. This indicates that ESEA.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

ESEA.DESPQH.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.57%

2.67%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

8.70%

5.25%

+3.45%

Volatility (1Y)

Calculated over the trailing 1-year period

16.10%

13.82%

+2.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.97%

9.86%

+6.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

9.86%

+8.17%