JHEQX vs. SPQH.DE
Compare and contrast key facts about JPMorgan Hedged Equity Fund Class I (JHEQX) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE).
JHEQX is managed by JPMorgan. It was launched on Dec 13, 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.
Performance
JHEQX vs. SPQH.DE - Performance Comparison
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JHEQX vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | -4.94% | 7.49% | 18.23% | 12.05% |
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | -3.14% | 7.92% | 14.91% | 11.29% |
Different Trading Currencies
JHEQX 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, JHEQX achieves a -4.94% return, which is significantly lower than SPQH.DE's -3.14% return.
JHEQX
- 1D
- 0.75%
- 1M
- -5.47%
- YTD
- -4.94%
- 6M
- -2.73%
- 1Y
- 7.14%
- 3Y*
- 9.50%
- 5Y*
- 6.83%
- 10Y*
- 8.72%
SPQH.DE
- 1D
- -0.69%
- 1M
- -2.93%
- YTD
- -3.14%
- 6M
- -0.23%
- 1Y
- 8.51%
- 3Y*
- 9.15%
- 5Y*
- —
- 10Y*
- —
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JHEQX vs. SPQH.DE - Expense Ratio Comparison
JHEQX has a 0.58% expense ratio, which is higher than SPQH.DE's 0.50% expense ratio.
Return for Risk
JHEQX vs. SPQH.DE — Risk / Return Rank
JHEQX
SPQH.DE
JHEQX vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) 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.
| JHEQX | SPQH.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.61 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.10 | 0.96 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.81 | +0.26 |
Martin ratioReturn relative to average drawdown | 4.43 | 5.04 | -0.60 |
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
| JHEQX | SPQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.61 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.99 | -0.15 |
Correlation
The correlation between JHEQX and SPQH.DE is 0.50, 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
JHEQX vs. SPQH.DE - Dividend Comparison
JHEQX's dividend yield for the trailing twelve months is around 0.64%, while SPQH.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | 0.64% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JHEQX vs. SPQH.DE - Drawdown Comparison
The maximum JHEQX drawdown since its inception was -18.85%, 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 JHEQX and SPQH.DE.
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Drawdown Indicators
| JHEQX | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.85% | -17.68% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -10.50% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.85% | — | — |
Current DrawdownCurrent decline from peak | -6.19% | -8.22% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -3.98% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.10% | -1.43% |
Volatility
JHEQX vs. SPQH.DE - Volatility Comparison
JPMorgan Hedged Equity Fund Class I (JHEQX) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) have volatilities of 2.81% and 2.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHEQX | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.70% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 5.21% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 13.80% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 9.85% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.41% | 9.85% | -0.44% |