H3R0.DE vs. SPQH.DE
H3R0.DE (Global X Video Games & Esports UCITS ETF Acc USD) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - H3R0.DE is a Technology Equities fund tracking the Solactive Video Games & Esports, 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, H3R0.DE returned 5.22%/yr vs 5.93%/yr for SPQH.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
H3R0.DE vs. SPQH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H3R0.DE achieves a -13.47% return, which is significantly lower than SPQH.DE's 1.52% return.
H3R0.DE
- 1D
- -1.69%
- 1M
- -3.80%
- YTD
- -13.47%
- 6M
- -16.11%
- 1Y
- -16.89%
- 3Y*
- 5.22%
- 5Y*
- -4.14%
- 10Y*
- —
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.96%
- YTD
- 1.52%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
H3R0.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H3R0.DE Global X Video Games & Esports UCITS ETF Acc USD | -13.47% | 10.28% | 26.09% | -2.70% |
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 H3R0.DE and SPQH.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.33 |
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Return for Risk
H3R0.DE vs. SPQH.DE — Risk / Return Rank
H3R0.DE
SPQH.DE
H3R0.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports UCITS ETF Acc USD (H3R0.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.
| H3R0.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.16 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.12 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.24 | 4.81 | -6.05 |
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
| H3R0.DE | SPQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 0.92 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.68 | -0.95 |
Drawdowns
H3R0.DE vs. SPQH.DE - Drawdown Comparison
The maximum H3R0.DE drawdown since its inception was -48.09%, 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 H3R0.DE and SPQH.DE.
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Drawdown Indicators
| H3R0.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.09% | -17.68% | -30.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -3.16% | -21.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -17.68% | -6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -42.07% | — | — |
Current DrawdownCurrent decline from peak | -31.81% | -5.05% | -26.76% |
Average DrawdownAverage peak-to-trough decline | -29.88% | -4.12% | -25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.45% | 1.39% | +12.06% |
Volatility
H3R0.DE vs. SPQH.DE - Volatility Comparison
Global X Video Games & Esports UCITS ETF Acc USD (H3R0.DE) has a higher volatility of 5.60% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.63%. This indicates that H3R0.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
| H3R0.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 1.63% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 4.52% | +9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 7.30% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 10.79% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 10.79% | +9.80% |
H3R0.DE vs. SPQH.DE - Expense Ratio Comparison
Both H3R0.DE and SPQH.DE have an expense ratio of 0.50%.
Dividends
H3R0.DE vs. SPQH.DE - Dividend Comparison
Neither H3R0.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
H3R0.DE and SPQH.DE have a correlation of 0.27, 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.
H3R0.DE and SPQH.DE have the same expense ratio: 0.50% per year.
H3R0.DE is categorized as Technology Equities, while SPQH.DE is Defined Outcome. H3R0.DE tracks Solactive Video Games & Esports, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index.
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