IQQJ.DE vs. 3JPN.DE
IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - IQQJ.DE is a Japan Equities fund tracking the MSCI Japan, while 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares. IQQJ.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, IQQJ.DE returned 15.45%/yr vs 20.30%/yr for 3JPN.DE. Their correlation of 0.89 suggests significant overlap in exposure. IQQJ.DE charges 0.12%/yr vs 0.75%/yr for 3JPN.DE.
Performance
IQQJ.DE vs. 3JPN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQJ.DE achieves a 16.83% return, which is significantly lower than 3JPN.DE's 37.51% return.
IQQJ.DE
- 1D
- -14.69%
- 1M
- 5.85%
- YTD
- 16.83%
- 6M
- 16.70%
- 1Y
- 30.57%
- 3Y*
- 15.45%
- 5Y*
- 9.84%
- 10Y*
- 8.94%
3JPN.DE
- 1D
- -0.77%
- 1M
- 15.49%
- YTD
- 37.51%
- 6M
- 33.89%
- 1Y
- 68.56%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
IQQJ.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 12.69% | 13.58% | 16.03% | -1.41% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
Correlation
The correlation between IQQJ.DE and 3JPN.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.89 |
The correlation between IQQJ.DE and 3JPN.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
IQQJ.DE vs. 3JPN.DE — Risk / Return Rank
IQQJ.DE
3JPN.DE
IQQJ.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.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.
| IQQJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.96 | +0.11 |
| Martin ratioReturn relative to average drawdown | 9.16 | 5.61 | +3.56 |
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
| IQQJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.13 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.50 | -0.22 |
Drawdowns
IQQJ.DE vs. 3JPN.DE - Drawdown Comparison
The maximum IQQJ.DE drawdown since its inception was -54.99%, which is greater than 3JPN.DE's maximum drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for IQQJ.DE and 3JPN.DE.
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Drawdown Indicators
| IQQJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.99% | -51.65% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -34.71% | +20.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -51.65% | +34.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.02% | — | — |
Current DrawdownCurrent decline from peak | -14.69% | -7.07% | -7.62% |
Average DrawdownAverage peak-to-trough decline | -16.84% | -14.56% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 12.19% | -8.86% |
Volatility
IQQJ.DE vs. 3JPN.DE - Volatility Comparison
iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a higher volatility of 30.30% compared to Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) at 11.68%. This indicates that IQQJ.DE's price experiences larger fluctuations and is considered to be riskier than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.30% | 11.68% | +18.62% |
Volatility (6M)Calculated over the trailing 6-month period | 33.04% | 48.68% | -15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.82% | 60.28% | -25.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 52.77% | -31.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 52.77% | -33.95% |
IQQJ.DE vs. 3JPN.DE - Expense Ratio Comparison
IQQJ.DE has a 0.12% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
IQQJ.DE vs. 3JPN.DE - Dividend Comparison
IQQJ.DE's dividend yield for the trailing twelve months is around 1.52%, while 3JPN.DE has not paid dividends to shareholders.
| 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% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.52% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% | 1.21% | 0.57% |
Frequently Asked Questions
With a correlation of 0.90, IQQJ.DE and 3JPN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IQQJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQJ.DE is cheaper with a 0.12% expense ratio, compared with 0.75% for 3JPN.DE.
IQQJ.DE is categorized as Japan Equities, while 3JPN.DE is Leveraged Equities. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.12% for IQQJ.DE and 0.75% for 3JPN.DE.
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