SPQH.DE vs. DDOC.DE
SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) and DDOC.DE (Global X Telemedicine & Digital Health UCITS ETF Acc USD) 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 DDOC.DE is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health. Both are passively managed. Over the past 3 years, SPQH.DE returned 5.93%/yr vs -5.09%/yr for DDOC.DE. At a 0.35 correlation, their price movements are largely independent. SPQH.DE charges 0.50%/yr vs 0.68%/yr for DDOC.DE.
Performance
SPQH.DE vs. DDOC.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 DDOC.DE's -1.35% return.
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.59%
- YTD
- 1.52%
- 6M
- 2.08%
- 1Y
- 6.72%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
DDOC.DE
- 1D
- 4.54%
- 1M
- 8.73%
- YTD
- -1.35%
- 6M
- -5.71%
- 1Y
- 0.32%
- 3Y*
- -5.09%
- 5Y*
- -9.54%
- 10Y*
- —
SPQH.DE vs. DDOC.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% |
DDOC.DE Global X Telemedicine & Digital Health UCITS ETF Acc USD | -1.35% | -2.99% | 3.18% | -15.92% |
Correlation
The correlation between SPQH.DE and DDOC.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.35 |
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Return for Risk
SPQH.DE vs. DDOC.DE — Risk / Return Rank
SPQH.DE
DDOC.DE
SPQH.DE vs. DDOC.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 Telemedicine & Digital Health UCITS ETF Acc USD (DDOC.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 | DDOC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.02 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 0.01 | +2.11 |
| Martin ratioReturn relative to average drawdown | 4.81 | 0.03 | +4.78 |
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 | DDOC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.02 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | -0.49 | +1.17 |
Drawdowns
SPQH.DE vs. DDOC.DE - Drawdown Comparison
The maximum SPQH.DE drawdown since its inception was -17.68%, smaller than the maximum DDOC.DE drawdown of -59.88%. Use the drawdown chart below to compare losses from any high point for SPQH.DE and DDOC.DE.
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Drawdown Indicators
| SPQH.DE | DDOC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -59.88% | +42.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -22.33% | +19.17% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -32.67% | +14.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.96% | — |
Current DrawdownCurrent decline from peak | -5.05% | -51.22% | +46.17% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -41.80% | +37.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 10.98% | -9.59% |
Volatility
SPQH.DE vs. DDOC.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 Telemedicine & Digital Health UCITS ETF Acc USD (DDOC.DE) has a volatility of 6.20%. This indicates that SPQH.DE experiences smaller price fluctuations and is considered to be less risky than DDOC.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 | DDOC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 6.20% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 14.24% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.30% | 20.70% | -13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 24.10% | -13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 24.26% | -13.47% |
SPQH.DE vs. DDOC.DE - Expense Ratio Comparison
SPQH.DE has a 0.50% expense ratio, which is lower than DDOC.DE's 0.68% expense ratio.
Dividends
SPQH.DE vs. DDOC.DE - Dividend Comparison
Neither SPQH.DE nor DDOC.DE has paid dividends to shareholders.
Frequently Asked Questions
SPQH.DE and DDOC.DE have a correlation of 0.31, 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 0.68% for DDOC.DE.
SPQH.DE is categorized as Defined Outcome, while DDOC.DE is Health & Biotech Equities. SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index, while DDOC.DE tracks Solactive Telemedicine & Digital Health. Their fees differ too: 0.50% for SPQH.DE and 0.68% for DDOC.DE.
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