WELE.DE vs. SPQH.DE
WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) and SPQH.DE (Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating) are both exchange-traded funds - WELE.DE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select, while SPQH.DE is a Defined Outcome fund tracking the Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. Both are passively managed. Over the past 3 years, WELE.DE returned 11.24%/yr vs 5.93%/yr for SPQH.DE. A 0.55 correlation means they provide meaningful diversification when combined. WELE.DE charges 0.18%/yr vs 0.50%/yr for SPQH.DE.
Performance
WELE.DE vs. SPQH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELE.DE achieves a 8.45% return, which is significantly higher than SPQH.DE's 1.52% return.
WELE.DE
- 1D
- 0.41%
- 1M
- 4.81%
- YTD
- 8.45%
- 6M
- 9.89%
- 1Y
- 18.08%
- 3Y*
- 11.24%
- 5Y*
- —
- 10Y*
- —
SPQH.DE
- 1D
- -0.13%
- 1M
- 1.59%
- YTD
- 1.52%
- 6M
- 2.08%
- 1Y
- 6.72%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
WELE.DE vs. SPQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 8.45% | 0.70% | 16.40% | 5.78% |
SPQH.DE Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating | 1.52% | -4.41% | 21.88% | 6.82% |
Correlation
The correlation between WELE.DE and SPQH.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.55 |
The correlation between WELE.DE and SPQH.DE shifts across timeframes, from 0.43 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WELE.DE vs. SPQH.DE — Risk / Return Rank
WELE.DE
SPQH.DE
WELE.DE vs. SPQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.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.
| WELE.DE | SPQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.16 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.12 | +0.74 |
| Martin ratioReturn relative to average drawdown | 9.27 | 4.81 | +4.46 |
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
| WELE.DE | SPQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.92 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.68 | +0.06 |
Drawdowns
WELE.DE vs. SPQH.DE - Drawdown Comparison
The maximum WELE.DE drawdown since its inception was -23.73%, which is greater than SPQH.DE's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for WELE.DE and SPQH.DE.
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Drawdown Indicators
| WELE.DE | SPQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -17.68% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -3.16% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.73% | -17.68% | -6.05% |
Current DrawdownCurrent decline from peak | 0.00% | -5.05% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -4.12% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.39% | +0.56% |
Volatility
WELE.DE vs. SPQH.DE - Volatility Comparison
Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a higher volatility of 2.24% compared to Global X S&P 500 Quarterly Tail Hedge UCITS ETF USD Accumulating (SPQH.DE) at 1.63%. This indicates that WELE.DE's price experiences larger fluctuations and is considered to be riskier than SPQH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELE.DE | SPQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.63% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 4.52% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 7.30% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 10.79% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.41% | 10.79% | +3.62% |
WELE.DE vs. SPQH.DE - Expense Ratio Comparison
WELE.DE has a 0.18% expense ratio, which is lower than SPQH.DE's 0.50% expense ratio.
Dividends
WELE.DE vs. SPQH.DE - Dividend Comparison
Neither WELE.DE nor SPQH.DE has paid dividends to shareholders.
Frequently Asked Questions
WELE.DE and SPQH.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELE.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for SPQH.DE.
WELE.DE is categorized as S&P 500, while SPQH.DE is Defined Outcome. WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select, while SPQH.DE tracks Cboe S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.18% for WELE.DE and 0.50% for SPQH.DE.
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