3JPN.DE vs. QUEJ.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both Japan Equities funds. 3JPN.DE is actively managed, while QUEJ.DE is passively managed. Over the past 3 years, 3JPN.DE returned 18.95%/yr vs 6.80%/yr for QUEJ.DE. Their correlation of 0.82 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.25%/yr for QUEJ.DE.
Performance
3JPN.DE vs. QUEJ.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 QUEJ.DE's 15.94% return.
3JPN.DE
- 1D
- 0.00%
- 1M
- -10.71%
- 6M
- 10.77%
- YTD
- 30.11%
- 1Y
- 74.74%
- 3Y*
- 18.95%
- 5Y*
- —
- 10Y*
- —
QUEJ.DE
- 1D
- 0.00%
- 1M
- 4.19%
- 6M
- 11.31%
- YTD
- 15.94%
- 1Y
- 24.02%
- 3Y*
- 6.80%
- 5Y*
- —
- 10Y*
- —
3JPN.DE vs. QUEJ.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% |
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 15.94% | 3.79% | 1.15% | 8.13% | -5.60% |
Correlation
The correlation between 3JPN.DE and QUEJ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.82 |
The correlation between 3JPN.DE and QUEJ.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. QUEJ.DE — Risk / Return Rank
3JPN.DE
QUEJ.DE
3JPN.DE vs. QUEJ.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 SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.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 | QUEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.31 | -0.14 |
| Martin ratioReturn relative to average drawdown | 6.03 | 6.99 | -0.96 |
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Drawdowns
3JPN.DE vs. QUEJ.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than QUEJ.DE's maximum drawdown of -15.02%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and QUEJ.DE.
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Drawdown Indicators
| 3JPN.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -15.02% | -36.63% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -10.45% | -24.26% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -13.94% | -37.71% |
Current DrawdownCurrent decline from peak | -15.34% | -1.10% | -14.24% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -6.19% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 3.45% | +8.98% |
Volatility
3JPN.DE vs. QUEJ.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 19.42% compared to BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) at 4.85%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than QUEJ.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 | QUEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 4.85% | +14.57% |
Volatility (6M)Calculated over the trailing 6-month period | 52.31% | 14.08% | +38.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.51% | 17.97% | +45.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.27% | 15.39% | +37.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.27% | 15.39% | +37.88% |
3JPN.DE vs. QUEJ.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than QUEJ.DE's 0.25% expense ratio.
Dividends
3JPN.DE vs. QUEJ.DE - Dividend Comparison
Neither 3JPN.DE nor QUEJ.DE has paid dividends to shareholders.
Frequently Asked Questions
3JPN.DE and QUEJ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QUEJ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUEJ.DE is cheaper with a 0.25% expense ratio, compared with 0.75% for 3JPN.DE.
They also come from different issuers: Leverage Shares and BNP Paribas. Their fees differ too: 0.75% for 3JPN.DE and 0.25% for QUEJ.DE.
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