SPQH.DE vs. 5ESE.DE
SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) and 5ESE.DE (Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc) 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 5ESE.DE is a S&P 500 fund tracking the S&P 500 ESG Index. Both are passively managed. Over the past 3 years, SPQH.DE returned 7.19%/yr vs 16.44%/yr for 5ESE.DE. At a 0.35 correlation, their price movements are largely independent. SPQH.DE charges 0.50%/yr vs 0.09%/yr for 5ESE.DE.
Performance
SPQH.DE vs. 5ESE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPQH.DE achieves a 3.84% return, which is significantly lower than 5ESE.DE's 6.75% return.
SPQH.DE
- 1D
- 0.00%
- 1M
- 1.72%
- 6M
- 2.71%
- YTD
- 3.84%
- 1Y
- 9.08%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
5ESE.DE
- 1D
- -1.36%
- 1M
- -1.75%
- 6M
- 6.14%
- YTD
- 6.75%
- 1Y
- 18.87%
- 3Y*
- 16.44%
- 5Y*
- —
- 10Y*
- —
SPQH.DE vs. 5ESE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 3.84% | -4.41% | 21.88% | 0.96% |
5ESE.DE Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc | 6.75% | 15.84% | 21.80% | 17.93% |
Correlation
The correlation between SPQH.DE and 5ESE.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.35 |
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Return for Risk
SPQH.DE vs. 5ESE.DE — Risk / Return Rank
SPQH.DE
5ESE.DE
SPQH.DE vs. 5ESE.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 Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.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.
| SPQH.DE | 5ESE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.04 | +0.85 |
| Martin ratioReturn relative to average drawdown | 7.10 | 8.55 | -1.46 |
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Drawdowns
SPQH.DE vs. 5ESE.DE - Drawdown Comparison
The maximum SPQH.DE drawdown since its inception was -17.68%, smaller than the maximum 5ESE.DE drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for SPQH.DE and 5ESE.DE.
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Drawdown Indicators
| SPQH.DE | 5ESE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -25.54% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -9.20% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -19.31% | +1.63% |
Current DrawdownCurrent decline from peak | -2.89% | -2.43% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -6.85% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.20% | -0.91% |
Volatility
SPQH.DE vs. 5ESE.DE - Volatility Comparison
The current volatility for Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) is 2.01%, while Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.DE) has a volatility of 2.90%. This indicates that SPQH.DE experiences smaller price fluctuations and is considered to be less risky than 5ESE.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 | 5ESE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 2.90% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 9.39% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.32% | 12.20% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 16.58% | -5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 16.58% | -5.57% |
SPQH.DE vs. 5ESE.DE - Expense Ratio Comparison
SPQH.DE has a 0.50% expense ratio, which is higher than 5ESE.DE's 0.09% expense ratio.
Dividends
SPQH.DE vs. 5ESE.DE - Dividend Comparison
Neither SPQH.DE nor 5ESE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQH.DE and 5ESE.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5ESE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5ESE.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for SPQH.DE.
SPQH.DE is categorized as Defined Outcome, while 5ESE.DE is S&P 500. SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index, while 5ESE.DE tracks S&P 500 ESG Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for SPQH.DE and 0.09% for 5ESE.DE.
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