SPQH.DE vs. JHEQX
Compare and contrast key facts about Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) and JPMorgan Hedged Equity Fund Class I (JHEQX).
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. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
SPQH.DE vs. JHEQX - Performance Comparison
Loading graphics...
SPQH.DE vs. JHEQX - 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% |
JHEQX JPMorgan Hedged Equity Fund Class I | -3.37% | -5.26% | 26.04% | 7.56% |
Different Trading Currencies
SPQH.DE is traded in EUR, while JHEQX is traded in USD. To make them comparable, the JHEQX 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 JHEQX's -3.37% return.
SPQH.DE
- 1D
- -1.05%
- 1M
- -2.14%
- YTD
- -1.86%
- 6M
- 0.93%
- 1Y
- 0.99%
- 3Y*
- 6.74%
- 5Y*
- —
- 10Y*
- —
JHEQX
- 1D
- -0.07%
- 1M
- -4.38%
- YTD
- -3.37%
- 6M
- -1.24%
- 1Y
- 0.07%
- 3Y*
- 7.20%
- 5Y*
- 7.23%
- 10Y*
- 8.57%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPQH.DE vs. JHEQX - Expense Ratio Comparison
SPQH.DE has a 0.50% expense ratio, which is lower than JHEQX's 0.58% expense ratio.
Return for Risk
SPQH.DE vs. JHEQX — Risk / Return Rank
SPQH.DE
JHEQX
SPQH.DE vs. JHEQX - 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 JPMorgan Hedged Equity Fund Class I (JHEQX). 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 | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 0.04 | +0.03 |
Sortino ratioReturn per unit of downside risk | 0.20 | 0.14 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.07 | +0.05 |
Martin ratioReturn relative to average drawdown | 0.42 | 0.28 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPQH.DE | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.04 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.78 | -0.18 |
Correlation
The correlation between SPQH.DE and JHEQX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPQH.DE vs. JHEQX - Dividend Comparison
SPQH.DE has not paid dividends to shareholders, while JHEQX's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.64% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
Drawdowns
SPQH.DE vs. JHEQX - Drawdown Comparison
The maximum SPQH.DE drawdown since its inception was -17.68%, smaller than the maximum JHEQX drawdown of -20.17%. Use the drawdown chart below to compare losses from any high point for SPQH.DE and JHEQX.
Loading graphics...
Drawdown Indicators
| SPQH.DE | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -18.85% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -6.92% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.85% | — |
Current DrawdownCurrent decline from peak | -8.22% | -6.19% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -2.16% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 1.67% | +1.43% |
Volatility
SPQH.DE vs. JHEQX - Volatility Comparison
Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) and JPMorgan Hedged Equity Fund Class I (JHEQX) have volatilities of 2.16% and 2.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPQH.DE | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 2.26% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 6.55% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 13.65% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.03% | 10.62% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.03% | 11.43% | -0.40% |