3JPN.DE vs. XMK9.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while XMK9.DE is a Japan Equities fund tracking the MSCI Japan. 3JPN.DE is actively managed, while XMK9.DE is passively managed. Over the past 3 years, 3JPN.DE returned 20.30%/yr vs 26.94%/yr for XMK9.DE. Their correlation of 0.80 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.40%/yr for XMK9.DE.
Performance
3JPN.DE vs. XMK9.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 XMK9.DE's 19.57% return.
3JPN.DE
- 1D
- -0.77%
- 1M
- 7.20%
- YTD
- 37.51%
- 6M
- 34.92%
- 1Y
- 72.37%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
XMK9.DE
- 1D
- 0.46%
- 1M
- 6.02%
- YTD
- 19.57%
- 6M
- 21.48%
- 1Y
- 51.09%
- 3Y*
- 26.94%
- 5Y*
- 19.08%
- 10Y*
- 13.95%
3JPN.DE vs. XMK9.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% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 19.57% | 27.06% | 22.49% | 33.31% | -3.51% |
Correlation
The correlation between 3JPN.DE and XMK9.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.80 |
The correlation between 3JPN.DE and XMK9.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. XMK9.DE — Risk / Return Rank
3JPN.DE
XMK9.DE
3JPN.DE vs. XMK9.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 Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.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 | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 5.21 | -3.25 |
| Martin ratioReturn relative to average drawdown | 5.61 | 17.91 | -12.30 |
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 | XMK9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.64 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.70 | -0.20 |
Drawdowns
3JPN.DE vs. XMK9.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than XMK9.DE's maximum drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and XMK9.DE.
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Drawdown Indicators
| 3JPN.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -34.29% | -17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -9.72% | -24.99% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -21.74% | -29.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.29% | — |
Current DrawdownCurrent decline from peak | -7.07% | 0.00% | -7.07% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -7.71% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 2.83% | +9.36% |
Volatility
3JPN.DE vs. XMK9.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 11.68% compared to Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) at 3.68%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than XMK9.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 | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 3.68% | +8.00% |
Volatility (6M)Calculated over the trailing 6-month period | 48.68% | 14.80% | +33.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 19.21% | +41.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.77% | 18.65% | +34.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 18.80% | +33.97% |
3JPN.DE vs. XMK9.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than XMK9.DE's 0.40% expense ratio.
Dividends
3JPN.DE vs. XMK9.DE - Dividend Comparison
Neither 3JPN.DE nor XMK9.DE has paid dividends to shareholders.
Frequently Asked Questions
3JPN.DE and XMK9.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMK9.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMK9.DE is cheaper with a 0.40% expense ratio, compared with 0.75% for 3JPN.DE.
3JPN.DE is categorized as Leveraged Equities, while XMK9.DE is Japan Equities. They also come from different issuers: Leverage Shares and Xtrackers. Their fees differ too: 0.75% for 3JPN.DE and 0.40% for XMK9.DE.
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