3JPN.DE vs. IQQJ.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while IQQJ.DE is a Japan Equities fund tracking the MSCI Japan. 3JPN.DE is actively managed, while IQQJ.DE is passively managed. Over the past 3 years, 3JPN.DE returned 20.30%/yr vs 15.45%/yr for IQQJ.DE. Their correlation of 0.89 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.12%/yr for IQQJ.DE.
Performance
3JPN.DE vs. IQQJ.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 IQQJ.DE's 16.83% return.
3JPN.DE
- 1D
- -0.77%
- 1M
- 7.20%
- YTD
- 37.51%
- 6M
- 34.92%
- 1Y
- 72.37%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
IQQJ.DE
- 1D
- -14.69%
- 1M
- 3.60%
- YTD
- 16.83%
- 6M
- 16.82%
- 1Y
- 31.71%
- 3Y*
- 15.45%
- 5Y*
- 9.84%
- 10Y*
- 8.94%
3JPN.DE vs. IQQJ.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% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 12.69% | 13.58% | 16.03% | -1.41% |
Correlation
The correlation between 3JPN.DE and IQQJ.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.89 |
The correlation between 3JPN.DE and IQQJ.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. IQQJ.DE — Risk / Return Rank
3JPN.DE
IQQJ.DE
3JPN.DE vs. IQQJ.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 iShares MSCI Japan UCITS ETF (Dist) (IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.07 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.61 | 9.16 | -3.56 |
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 | IQQJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.87 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.28 | +0.22 |
Drawdowns
3JPN.DE vs. IQQJ.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, smaller than the maximum IQQJ.DE drawdown of -54.99%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and IQQJ.DE.
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Drawdown Indicators
| 3JPN.DE | IQQJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -54.99% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -14.69% | -20.02% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -16.72% | -34.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.02% | — |
Current DrawdownCurrent decline from peak | -7.07% | -14.69% | +7.62% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -16.84% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 3.33% | +8.86% |
Volatility
3JPN.DE vs. IQQJ.DE - Volatility Comparison
The current volatility for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) is 11.68%, while iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a volatility of 30.30%. This indicates that 3JPN.DE experiences smaller price fluctuations and is considered to be less risky than IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 30.30% | -18.62% |
Volatility (6M)Calculated over the trailing 6-month period | 48.68% | 33.04% | +15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 34.82% | +25.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.77% | 21.13% | +31.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 18.82% | +33.95% |
3JPN.DE vs. IQQJ.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than IQQJ.DE's 0.12% expense ratio.
Dividends
3JPN.DE vs. IQQJ.DE - Dividend Comparison
3JPN.DE has not paid dividends to shareholders, while IQQJ.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.52% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% | 1.21% | 0.57% |
Frequently Asked Questions
With a correlation of 0.90, 3JPN.DE and IQQJ.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, IQQJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQJ.DE is cheaper with a 0.12% expense ratio, compared with 0.75% for 3JPN.DE.
3JPN.DE is categorized as Leveraged Equities, while IQQJ.DE is Japan Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for 3JPN.DE and 0.12% for IQQJ.DE.
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