SPQH.DE vs. 4COP.DE
SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - SPQH.DE is a Defined Outcome fund tracking the Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index, while 4COP.DE is a Commodity Producers Equities fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, SPQH.DE returned 5.93%/yr vs 34.58%/yr for 4COP.DE. At a 0.07 correlation, their price movements are largely independent. SPQH.DE charges 0.50%/yr vs 0.55%/yr for 4COP.DE.
Performance
SPQH.DE vs. 4COP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPQH.DE achieves a 1.52% return, which is significantly lower than 4COP.DE's 24.89% return.
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.59%
- YTD
- 1.52%
- 6M
- 2.08%
- 1Y
- 6.72%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
4COP.DE
- 1D
- -0.93%
- 1M
- 15.31%
- YTD
- 24.89%
- 6M
- 36.74%
- 1Y
- 112.94%
- 3Y*
- 34.58%
- 5Y*
- —
- 10Y*
- —
SPQH.DE vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 1.52% | -4.41% | 21.88% | 6.82% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 24.89% | 73.62% | 9.38% | -0.97% |
Correlation
The correlation between SPQH.DE and 4COP.DE is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.07 |
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Return for Risk
SPQH.DE vs. 4COP.DE — Risk / Return Rank
SPQH.DE
4COP.DE
SPQH.DE vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.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.
| SPQH.DE | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.42 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 4.28 | -2.16 |
| Martin ratioReturn relative to average drawdown | 4.81 | 13.68 | -8.87 |
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
| SPQH.DE | 4COP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.91 | -1.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.73 | -0.05 |
Drawdowns
SPQH.DE vs. 4COP.DE - Drawdown Comparison
The maximum SPQH.DE drawdown since its inception was -17.68%, smaller than the maximum 4COP.DE drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for SPQH.DE and 4COP.DE.
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Drawdown Indicators
| SPQH.DE | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -39.12% | +21.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -26.21% | +23.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -39.12% | +21.44% |
Current DrawdownCurrent decline from peak | -5.05% | -5.17% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -14.66% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 8.22% | -6.83% |
Volatility
SPQH.DE vs. 4COP.DE - Volatility Comparison
The current volatility for Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) is 1.63%, while Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a volatility of 13.96%. This indicates that SPQH.DE experiences smaller price fluctuations and is considered to be less risky than 4COP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPQH.DE | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 13.96% | -12.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 33.13% | -28.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.30% | 38.63% | -31.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 32.97% | -22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 32.97% | -22.18% |
SPQH.DE vs. 4COP.DE - Expense Ratio Comparison
SPQH.DE has a 0.50% expense ratio, which is lower than 4COP.DE's 0.55% expense ratio.
Dividends
SPQH.DE vs. 4COP.DE - Dividend Comparison
Neither SPQH.DE nor 4COP.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQH.DE and 4COP.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPQH.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPQH.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for 4COP.DE.
SPQH.DE is categorized as Defined Outcome, while 4COP.DE is Commodity Producers Equities. SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. Their fees differ too: 0.50% for SPQH.DE and 0.55% for 4COP.DE.
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