3JPN.DE vs. EJAP.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and EJAP.DE (BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while EJAP.DE is a Japan Equities fund tracking the MSCI Japan ESG Filtered Min TE. 3JPN.DE is actively managed, while EJAP.DE is passively managed. Over the past 3 years, 3JPN.DE returned 20.30%/yr vs 15.41%/yr for EJAP.DE. Their correlation of 0.90 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.15%/yr for EJAP.DE.
Performance
3JPN.DE vs. EJAP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3JPN.DE achieves a 37.51% return, which is significantly higher than EJAP.DE's 16.87% return.
3JPN.DE
- 1D
- -0.77%
- 1M
- 15.49%
- YTD
- 37.51%
- 6M
- 33.89%
- 1Y
- 68.56%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
EJAP.DE
- 1D
- -0.24%
- 1M
- 6.39%
- YTD
- 16.87%
- 6M
- 16.66%
- 1Y
- 29.75%
- 3Y*
- 15.41%
- 5Y*
- 10.25%
- 10Y*
- —
3JPN.DE vs. EJAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
EJAP.DE BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF | 16.87% | 11.73% | 14.53% | 16.88% | -1.11% |
Correlation
The correlation between 3JPN.DE and EJAP.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.90 |
The correlation between 3JPN.DE and EJAP.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. EJAP.DE — Risk / Return Rank
3JPN.DE
EJAP.DE
3JPN.DE vs. EJAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.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.
| 3JPN.DE | EJAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.86 | -0.90 |
| Martin ratioReturn relative to average drawdown | 5.61 | 9.27 | -3.66 |
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
| 3JPN.DE | EJAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.56 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.49 | +0.99 |
Drawdowns
3JPN.DE vs. EJAP.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, smaller than the maximum EJAP.DE drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and EJAP.DE.
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Drawdown Indicators
| 3JPN.DE | EJAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -94.44% | +42.79% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -10.34% | -24.37% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -16.92% | -34.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.42% | — |
Current DrawdownCurrent decline from peak | -7.07% | -86.65% | +79.58% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -75.83% | +61.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 3.20% | +8.99% |
Volatility
3JPN.DE vs. EJAP.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 11.68% compared to BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) at 3.42%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than EJAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3JPN.DE | EJAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 3.42% | +8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 48.68% | 15.03% | +33.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 19.03% | +41.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.77% | 16.64% | +36.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 34.09% | +18.68% |
3JPN.DE vs. EJAP.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than EJAP.DE's 0.15% expense ratio.
Dividends
3JPN.DE vs. EJAP.DE - Dividend Comparison
Neither 3JPN.DE nor EJAP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 3JPN.DE and EJAP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EJAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EJAP.DE is cheaper with a 0.15% expense ratio, compared with 0.75% for 3JPN.DE.
3JPN.DE is categorized as Leveraged Equities, while EJAP.DE is Japan Equities. They also come from different issuers: Leverage Shares and BNP Paribas. Their fees differ too: 0.75% for 3JPN.DE and 0.15% for EJAP.DE.
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