# GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD (SQHP) **Page:** https://fundology.uk/fund/sqhp · ISIN IE000EPX8KB7 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, SQHP (GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD, ISIN IE000EPX8KB7) closed at £15.98 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the three years to 13/11/2026 its price changed by +20.1%, or +8.5% after UK CPIH inflation. ## Summary GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Global X, launched in 2023. It tracks the CBOE S&P 500 15% WHT Quarterly 5% Buffer Protect Index - Benchmark TR Net — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£15.98** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SQHP | | ISIN | IE000EPX8KB7 | | Also listed as | SPQH (London Stock Exchange, US dollars) | | Category | US shares | | Type | ETF | | Provider | Global X | | Tracks | CBOE S&P 500 15% WHT Quarterly 5% Buffer Protect Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £2.4m | | Launched | 2023 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/02/2023 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +3.58% | -0.09% | income reinvested | | 3 years | +20.09% | +8.50% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2024 +17.5%, 2025 −1.2%; 2026 to 13/11/2026 +5.0%. Returns of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +8.6%; to 30/09/2025: +6.7%; to 30/09/2024: +5.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +17.5% | +13.5% | Price | | 2025 | -1.2% | -4.6% | Price | | 2026 to 13/11/2026 | +5.0% | +1.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.84% | -3.72% | | 3 years | 8.11% | -14.73% | ## Largest fall Volatility of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 6.8% over 1 year, 8.1% over 3 years. Largest fall in the price of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD since February 2023, in pounds: −14.7% from 17/01/2025 to 18/04/2025. The lowest 12-month return of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since February 2023 was −3.7% (12 months to 30/01/2026); the highest was +19.9% (12 months to 17/01/2025). On 13/11/2026 the price of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD was 1.6% below its highest weekly close since February 2023 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD 0.50% a year. Compared on 14/11/2026, 18 of the 255 other US share funds charge more, 4 the same and 233 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of SQHP?** The ongoing charge of SQHP is 0.50% a year — about £50 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of GLOBAL X S&P 500 Quarterly Tail Hedged UCITS ETF AccumUSD 0.50% a year. Compared on 14/11/2026, 18 of the 255 other US share funds charge more, 4 the same and 233 less (share classes counted once). **What does SQHP track?** SQHP tracks the CBOE S&P 500 15% WHT Quarterly 5% Buffer Protect Index - Benchmark TR Net — about 500 of the largest companies listed in the US. **Is SQHP accumulating or distributing?** SQHP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of SQHP?** The ISIN of SQHP is IE000EPX8KB7. An ISIN identifies one exact share class of a fund; SQHP is its ticker on the London Stock Exchange. The same share class is also listed as SPQH (London Stock Exchange, US dollars). **What were SQHP’s returns in each of the last five years?** Calendar-year returns of SQHP in pounds (price, with income reinvested in the fund): 2024 +17.5%, 2025 −1.2%; 2026 to 13/11/2026 +5.0%. Past performance is not a guide to future returns. **How has SQHP done after inflation?** Over the three years to 13/11/2026 SQHP’s price changed by +20.1%, or +8.5% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.