SLVR.DE vs. SPQH.DE
SLVR.DE (WisdomTree Silver) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex, 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, SLVR.DE returned 42.74%/yr vs 7.15%/yr for SPQH.DE. At a correlation of -0.01, they often move in opposite directions. SLVR.DE charges 0.49%/yr vs 0.50%/yr for SPQH.DE.
Performance
SLVR.DE vs. SPQH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLVR.DE achieves a -10.78% return, which is significantly lower than SPQH.DE's 4.38% return.
SLVR.DE
- 1D
- 0.00%
- 1M
- -13.84%
- YTD
- -10.78%
- 6M
- -9.96%
- 1Y
- 69.81%
- 3Y*
- 42.74%
- 5Y*
- —
- 10Y*
- —
SPQH.DE
- 1D
- 0.00%
- 1M
- 3.34%
- YTD
- 4.38%
- 6M
- 4.77%
- 1Y
- 10.92%
- 3Y*
- 7.15%
- 5Y*
- —
- 10Y*
- —
SLVR.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SLVR.DE WisdomTree Silver | -10.78% | 147.57% | 21.38% | -0.65% |
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 4.38% | -4.41% | 21.88% | 0.96% |
Correlation
The correlation between SLVR.DE and SPQH.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLVR.DE vs. SPQH.DE — Risk / Return Rank
SLVR.DE
SPQH.DE
SLVR.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLVR.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.47 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.81 | 8.58 | -3.77 |
Loading charts...
Drawdowns
SLVR.DE vs. SPQH.DE - Drawdown Comparison
The maximum SLVR.DE drawdown since its inception was -35.31%, 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 SLVR.DE and SPQH.DE.
Loading charts...
Drawdown Indicators
| SLVR.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -17.68% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -35.31% | -3.16% | -32.15% |
Max Drawdown (3Y)Largest decline over 3 years | -35.31% | -17.68% | -17.63% |
Current DrawdownCurrent decline from peak | -33.54% | -2.38% | -31.16% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -4.42% | -8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 1.28% | +13.28% |
Volatility
SLVR.DE vs. SPQH.DE - Volatility Comparison
WisdomTree Silver (SLVR.DE) has a higher volatility of 18.61% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.67%. This indicates that SLVR.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.
Loading charts...
Volatility by Period
| SLVR.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 1.67% | +16.94% |
Volatility (6M)Calculated over the trailing 6-month period | 44.07% | 4.50% | +39.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.19% | 7.31% | +45.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.03% | 11.07% | +27.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.03% | 11.07% | +27.96% |
SLVR.DE vs. SPQH.DE - Expense Ratio Comparison
SLVR.DE has a 0.49% expense ratio, which is lower than SPQH.DE's 0.50% expense ratio.
Dividends
SLVR.DE vs. SPQH.DE - Dividend Comparison
Neither SLVR.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
SLVR.DE and SPQH.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for SPQH.DE.
SLVR.DE is categorized as Silver, while SPQH.DE is Defined Outcome. SLVR.DE tracks Bloomberg Silver Subindex, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.49% for SLVR.DE and 0.50% for SPQH.DE.
Find the right allocation for SLVR.DE and SPQH.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer