3JPN.DE vs. WTDX.DE

Last updated Jun 26, 2026

3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and WTDX.DE (WisdomTree Japan Equity UCITS ETF USD Hedged) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while WTDX.DE is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity UCITS Index. 3JPN.DE is actively managed, while WTDX.DE is passively managed. Over the past 3 years, 3JPN.DE returned 22.95%/yr vs 30.35%/yr for WTDX.DE. A 0.64 correlation means they provide meaningful diversification when combined. 3JPN.DE charges 0.75%/yr vs 0.48%/yr for WTDX.DE.

Performance

3JPN.DE vs. WTDX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3JPN.DE achieves a 35.59% return, which is significantly higher than WTDX.DE's 25.59% return.

3JPN.DE

• 1D: 0.00%
• 1M: 1.16%
• YTD: 35.59%
• 6M: 34.80%
• 1Y: 79.94%
• 3Y*: 22.95%
• 5Y*: —
• 10Y*: —

WTDX.DE

• 1D: 0.13%
• 1M: 4.37%
• YTD: 25.59%
• 6M: 25.68%
• 1Y: 60.63%
• 3Y*: 30.35%
• 5Y*: 27.58%
• 10Y*: 19.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

3JPN.DE vs. WTDX.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3JPN.DE Leverage Shares 3x Long Japan ETP Securities	35.59%	27.74%	0.10%	34.83%	-6.43%
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged	25.59%	17.86%	36.79%	37.12%	-5.99%

Correlation

The correlation between 3JPN.DE and WTDX.DE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	0.64

The correlation between 3JPN.DE and WTDX.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

Return for Risk

3JPN.DE vs. WTDX.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3JPN.DE

3JPN.DE Risk / Return Rank: 44
3JPN.DE Sharpe Ratio Rank: 40
3JPN.DE Sortino Ratio Rank: 43
3JPN.DE Omega Ratio Rank: 42
3JPN.DE Calmar Ratio Rank: 53
3JPN.DE Martin Ratio Rank: 44

WTDX.DE

WTDX.DE Risk / Return Rank: 94
WTDX.DE Sharpe Ratio Rank: 94
WTDX.DE Sortino Ratio Rank: 93
WTDX.DE Omega Ratio Rank: 93
WTDX.DE Calmar Ratio Rank: 96
WTDX.DE Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3JPN.DE vs. WTDX.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 WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.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	WTDX.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.28	3.09	-1.81
Sortino ratio: Return per unit of downside risk	1.99	4.07	-2.08
Omega ratio: Gain probability vs. loss probability	1.25	1.55	-0.30
Calmar ratio: Return relative to maximum drawdown	2.31	7.46	-5.14
Martin ratio: Return relative to average drawdown	6.52	25.12	-18.61

3JPN.DE vs. WTDX.DE - Sharpe Ratio Comparison

The current 3JPN.DE Sharpe Ratio is 1.28, which is lower than the WTDX.DE Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of 3JPN.DE and WTDX.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3JPN.DE vs. WTDX.DE - Drawdown Comparison

The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than WTDX.DE's maximum drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and WTDX.DE.

Drawdown Indicators

	3JPN.DE	WTDX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-51.65%	-38.23%	-13.42%
Max Drawdown (1Y) Largest decline over 1 year	-34.71%	-8.09%	-26.62%
Max Drawdown (3Y) Largest decline over 3 years	-51.65%	-23.65%	-28.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.53%	—
Current Drawdown Current decline from peak	-11.77%	-2.42%	-9.35%
Average Drawdown Average peak-to-trough decline	-14.68%	-9.20%	-5.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	2.41%	+9.90%

Volatility

3JPN.DE vs. WTDX.DE - Volatility Comparison

Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 19.26% compared to WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) at 5.04%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than WTDX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3JPN.DE	WTDX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.26%	5.04%	+14.22%
Volatility (6M) Calculated over the trailing 6-month period	51.43%	14.46%	+36.97%
Volatility (1Y) Calculated over the trailing 1-year period	62.79%	19.51%	+43.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.22%	19.40%	+33.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.22%	21.60%	+31.62%

3JPN.DE vs. WTDX.DE - Expense Ratio Comparison

3JPN.DE has a 0.75% expense ratio, which is higher than WTDX.DE's 0.48% expense ratio.

Dividends

3JPN.DE vs. WTDX.DE - Dividend Comparison

3JPN.DE has not paid dividends to shareholders, while WTDX.DE's dividend yield for the trailing twelve months is around 1.37%.

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%
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged	1.37%	1.68%	1.52%	1.97%	2.28%	1.52%	2.10%	2.01%	2.17%	1.14%	1.90%	0.06%

Frequently Asked Questions

Can I hold both 3JPN.DE and WTDX.DE in my portfolio?

3JPN.DE and WTDX.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3JPN.DE or WTDX.DE?

On fees, WTDX.DE is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3JPN.DE or WTDX.DE?

WTDX.DE is cheaper with a 0.48% expense ratio, compared with 0.75% for 3JPN.DE.

What is the main difference between 3JPN.DE and WTDX.DE?

3JPN.DE is categorized as Leveraged Equities, while WTDX.DE is Japan Equities. They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for 3JPN.DE and 0.48% for WTDX.DE.