SPQH.DE vs. AKWA.DE
SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) and AKWA.DE (Global X Clean Water UCITS ETF) 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 AKWA.DE is a Water Equities fund tracking the Solactive Global Clean Water Industry. Both are passively managed. Over the past 3 years, SPQH.DE returned 5.93%/yr vs 7.49%/yr for AKWA.DE. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
SPQH.DE vs. AKWA.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 higher than AKWA.DE's -0.44% return.
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.59%
- YTD
- 1.52%
- 6M
- 2.08%
- 1Y
- 6.72%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
AKWA.DE
- 1D
- -0.50%
- 1M
- -1.77%
- YTD
- -0.44%
- 6M
- -2.43%
- 1Y
- -0.46%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
SPQH.DE vs. AKWA.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% |
AKWA.DE Global X Clean Water UCITS ETF | -0.44% | 0.80% | 12.17% | 13.47% |
Correlation
The correlation between SPQH.DE and AKWA.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.38 |
The correlation between SPQH.DE and AKWA.DE shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPQH.DE vs. AKWA.DE — Risk / Return Rank
SPQH.DE
AKWA.DE
SPQH.DE vs. AKWA.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 Clean Water UCITS ETF (AKWA.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 | AKWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | -0.05 | +2.17 |
| Martin ratioReturn relative to average drawdown | 4.81 | -0.11 | +4.92 |
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 | AKWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | -0.03 | +0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.20 | +0.49 |
Drawdowns
SPQH.DE vs. AKWA.DE - Drawdown Comparison
The maximum SPQH.DE drawdown since its inception was -17.68%, smaller than the maximum AKWA.DE drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for SPQH.DE and AKWA.DE.
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Drawdown Indicators
| SPQH.DE | AKWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -23.07% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -9.90% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -19.99% | +2.31% |
Current DrawdownCurrent decline from peak | -5.05% | -8.54% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -7.60% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 4.12% | -2.73% |
Volatility
SPQH.DE vs. AKWA.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 Clean Water UCITS ETF (AKWA.DE) has a volatility of 3.85%. This indicates that SPQH.DE experiences smaller price fluctuations and is considered to be less risky than AKWA.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 | AKWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 3.85% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 10.07% | -5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.30% | 13.59% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 16.02% | -5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 16.02% | -5.23% |
SPQH.DE vs. AKWA.DE - Expense Ratio Comparison
Both SPQH.DE and AKWA.DE have an expense ratio of 0.50%.
Dividends
SPQH.DE vs. AKWA.DE - Dividend Comparison
Neither SPQH.DE nor AKWA.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQH.DE and AKWA.DE have a correlation of 0.24, 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.
SPQH.DE and AKWA.DE have the same expense ratio: 0.50% per year.
SPQH.DE is categorized as Defined Outcome, while AKWA.DE is Water Equities. SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index, while AKWA.DE tracks Solactive Global Clean Water Industry.
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