SPQH.DE vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) and Berkshire Hathaway Inc. (BRK-B).

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

SPQH.DE vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

SPQH.DE vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating	-1.86%	-4.41%	21.88%	6.82%
BRK-B Berkshire Hathaway Inc.	-3.34%	-2.27%	35.48%	12.97%

Different Trading Currencies

SPQH.DE is traded in EUR, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPQH.DE achieves a -1.86% return, which is significantly higher than BRK-B's -3.34% return.

SPQH.DE

• 1D: -1.05%
• 1M: -2.14%
• YTD: -1.86%
• 6M: 0.93%
• 1Y: 0.99%
• 3Y*: 6.74%
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 0.00%
• 1M: -0.21%
• YTD: -3.34%
• 6M: -2.25%
• 1Y: -16.70%
• 3Y*: 13.26%
• 5Y*: 13.54%
• 10Y*: 12.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SPQH.DE vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPQH.DE

SPQH.DE Risk / Return Rank: 13
SPQH.DE Sharpe Ratio Rank: 13
SPQH.DE Sortino Ratio Rank: 12
SPQH.DE Omega Ratio Rank: 13
SPQH.DE Calmar Ratio Rank: 14
SPQH.DE Martin Ratio Rank: 14

BRK-B

BRK-B Risk / Return Rank: 15
BRK-B Sharpe Ratio Rank: 14
BRK-B Sortino Ratio Rank: 15
BRK-B Omega Ratio Rank: 14
BRK-B Calmar Ratio Rank: 15
BRK-B Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPQH.DE vs. BRK-B - 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 Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	0.07	-0.85	+0.91
Sortino ratio Return per unit of downside risk	0.20	-1.07	+1.26
Omega ratio Gain probability vs. loss probability	1.03	0.86	+0.17
Calmar ratio Return relative to maximum drawdown	0.12	-0.79	+0.91
Martin ratio Return relative to average drawdown	0.42	-1.12	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPQH.DE vs. BRK-B - Sharpe Ratio Comparison

The current SPQH.DE Sharpe Ratio is 0.07, which is higher than the BRK-B Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of SPQH.DE and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPQH.DE	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	-0.85	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.51	+0.09

Correlation

The correlation between SPQH.DE and BRK-B is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPQH.DE vs. BRK-B - Dividend Comparison

Neither SPQH.DE nor BRK-B has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPQH.DE vs. BRK-B - Drawdown Comparison

The maximum SPQH.DE drawdown since its inception was -17.68%, smaller than the maximum BRK-B drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for SPQH.DE and BRK-B.

Drawdown Indicators

	SPQH.DE	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-17.68%	-53.86%	+36.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-14.95%	+4.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-8.22%	-11.57%	+3.35%
Average Drawdown Average peak-to-trough decline	-3.98%	-11.07%	+7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	8.75%	-5.65%

Volatility

SPQH.DE vs. BRK-B - Volatility Comparison

The current volatility for Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) is 2.16%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.28%. This indicates that SPQH.DE experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPQH.DE	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	4.28%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	5.38%	11.68%	-6.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.87%	19.78%	-4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.03%	17.44%	-6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.03%	20.14%	-9.11%