3JPN.DE vs. IUS4.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds. 3JPN.DE is actively managed, while IUS4.DE is passively managed. Over the past 3 years, 3JPN.DE returned 18.95%/yr vs 15.41%/yr for IUS4.DE. A 0.76 correlation means they provide meaningful diversification when combined. 3JPN.DE charges 0.75%/yr vs 0.58%/yr for IUS4.DE.
Performance
3JPN.DE vs. IUS4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3JPN.DE achieves a 30.11% return, which is significantly higher than IUS4.DE's 15.59% return.
3JPN.DE
- 1D
- 0.00%
- 1M
- -10.71%
- 6M
- 10.77%
- YTD
- 30.11%
- 1Y
- 74.74%
- 3Y*
- 18.95%
- 5Y*
- —
- 10Y*
- —
IUS4.DE
- 1D
- -1.88%
- 1M
- -1.42%
- 6M
- 10.05%
- YTD
- 15.59%
- 1Y
- 28.10%
- 3Y*
- 15.41%
- 5Y*
- 8.01%
- 10Y*
- 7.35%
3JPN.DE vs. IUS4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 30.11% | 27.74% | 0.10% | 34.83% | -6.43% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.59% | 15.97% | 9.46% | 9.42% | -0.41% |
Correlation
The correlation between 3JPN.DE and IUS4.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.76 |
The correlation between 3JPN.DE and IUS4.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. IUS4.DE — Risk / Return Rank
3JPN.DE
IUS4.DE
3JPN.DE vs. IUS4.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 Small Cap UCITS ETF (Dist) (IUS4.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3JPN.DE | IUS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.77 | -0.60 |
| Martin ratioReturn relative to average drawdown | 6.03 | 9.46 | -3.43 |
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Drawdowns
3JPN.DE vs. IUS4.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, roughly equal to the maximum IUS4.DE drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and IUS4.DE.
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Drawdown Indicators
| 3JPN.DE | IUS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -51.61% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -10.11% | -24.60% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -12.92% | -38.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.62% | — |
Current DrawdownCurrent decline from peak | -15.34% | -4.76% | -10.58% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -15.01% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 2.96% | +9.47% |
Volatility
3JPN.DE vs. IUS4.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 19.42% compared to iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) at 4.93%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 4.93% | +14.49% |
Volatility (6M)Calculated over the trailing 6-month period | 52.31% | 14.16% | +38.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.51% | 16.67% | +46.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.27% | 15.00% | +38.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.27% | 15.95% | +37.32% |
3JPN.DE vs. IUS4.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than IUS4.DE's 0.58% expense ratio.
Dividends
3JPN.DE vs. IUS4.DE - Dividend Comparison
3JPN.DE has not paid dividends to shareholders, while IUS4.DE's dividend yield for the trailing twelve months is around 0.99%.
| 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% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.99% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
Frequently Asked Questions
3JPN.DE and IUS4.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS4.DE is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS4.DE is cheaper with a 0.58% expense ratio, compared with 0.75% for 3JPN.DE.
They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for 3JPN.DE and 0.58% for IUS4.DE.
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