FRCJ.DE vs. ZPDW.DE
FRCJ.DE (UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - FRCJ.DE tracks the MSCI Japan SRI Low Carbon Select 5% Issuer Capped while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 10 years, FRCJ.DE returned 7.71%/yr vs 14.41%/yr for ZPDW.DE. A 0.74 correlation means they provide meaningful diversification when combined. FRCJ.DE charges 0.19%/yr vs 0.17%/yr for ZPDW.DE.
Performance
FRCJ.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRCJ.DE achieves a 16.62% return, which is significantly lower than ZPDW.DE's 20.74% return. Over the past 10 years, FRCJ.DE has underperformed ZPDW.DE with an annualized return of 7.71%, while ZPDW.DE has yielded a comparatively higher 14.41% annualized return.
FRCJ.DE
- 1D
- -1.54%
- 1M
- 3.48%
- 6M
- 11.09%
- YTD
- 16.62%
- 1Y
- 35.68%
- 3Y*
- 15.30%
- 5Y*
- 7.85%
- 10Y*
- 7.71%
ZPDW.DE
- 1D
- -0.90%
- 1M
- 0.79%
- 6M
- 13.52%
- YTD
- 20.74%
- 1Y
- 49.79%
- 3Y*
- 27.02%
- 5Y*
- 19.99%
- 10Y*
- 14.41%
FRCJ.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRCJ.DE UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis | 16.62% | 13.40% | 13.07% | 10.16% | -14.97% | 4.12% | 9.94% | 28.93% | -12.80% | 8.84% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 20.74% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 7.91% | 16.59% | -16.65% | 19.02% |
Correlation
The correlation between FRCJ.DE and ZPDW.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.74 |
The correlation between FRCJ.DE and ZPDW.DE shifts across timeframes, from 0.73 (10 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRCJ.DE vs. ZPDW.DE — Risk / Return Rank
FRCJ.DE
ZPDW.DE
FRCJ.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (FRCJ.DE) and State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.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.
| FRCJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 5.14 | -1.74 |
| Martin ratioReturn relative to average drawdown | 11.61 | 16.99 | -5.38 |
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Drawdowns
FRCJ.DE vs. ZPDW.DE - Drawdown Comparison
The maximum FRCJ.DE drawdown since its inception was -26.67%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FRCJ.DE and ZPDW.DE.
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Drawdown Indicators
| FRCJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.67% | -34.37% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.65% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.98% | -21.70% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -21.70% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -26.67% | -34.37% | +7.70% |
Current DrawdownCurrent decline from peak | -2.05% | -3.28% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -7.47% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.92% | +0.15% |
Volatility
FRCJ.DE vs. ZPDW.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (FRCJ.DE) is 6.28%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.74%. This indicates that FRCJ.DE experiences smaller price fluctuations and is considered to be less risky than ZPDW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRCJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 6.74% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 16.39% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 20.62% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 18.81% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 18.43% | -1.94% |
FRCJ.DE vs. ZPDW.DE - Expense Ratio Comparison
FRCJ.DE has a 0.19% expense ratio, which is higher than ZPDW.DE's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FRCJ.DE vs. ZPDW.DE - Dividend Comparison
FRCJ.DE's dividend yield for the trailing twelve months is around 0.98%, while ZPDW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FRCJ.DE UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis | 0.98% | 1.78% | 1.62% | 1.59% | 1.82% | 1.31% | 1.40% | 1.44% | 1.61% | 1.43% | 1.26% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRCJ.DE and ZPDW.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDW.DE is cheaper with a 0.17% expense ratio, compared with 0.19% for FRCJ.DE.
FRCJ.DE tracks MSCI Japan SRI Low Carbon Select 5% Issuer Capped, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: UBS and State Street. Their fees differ too: 0.19% for FRCJ.DE and 0.17% for ZPDW.DE.
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