J1GR.DE vs. ZPDW.DE
J1GR.DE (Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - J1GR.DE tracks the MSCI Japan ESG Broad CTB Select while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 5 years, J1GR.DE returned 9.19%/yr vs 20.02%/yr for ZPDW.DE. Their correlation of 0.84 suggests significant overlap in exposure. J1GR.DE charges 0.45%/yr vs 0.17%/yr for ZPDW.DE.
Performance
J1GR.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, J1GR.DE achieves a 19.04% return, which is significantly lower than ZPDW.DE's 20.79% return.
J1GR.DE
- 1D
- 1.90%
- 1M
- -2.72%
- 6M
- 15.59%
- YTD
- 19.04%
- 1Y
- 36.57%
- 3Y*
- 15.88%
- 5Y*
- 9.19%
- 10Y*
- —
- ALL TIME*
- 7.83%
ZPDW.DE
- 1D
- 2.57%
- 1M
- -2.08%
- 6M
- 15.08%
- YTD
- 20.79%
- 1Y
- 49.04%
- 3Y*
- 26.16%
- 5Y*
- 20.02%
- 10Y*
- 14.40%
- ALL TIME*
- 11.48%
J1GR.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
J1GR.DE Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR | 19.04% | 11.73% | 11.30% | 14.89% | -12.68% | 9.69% | 4.87% | 22.18% | -10.16% | 3.15% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 20.79% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 7.91% | 16.59% | -16.65% | 5.86% |
Correlation
The correlation between J1GR.DE and ZPDW.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.84 |
The correlation between J1GR.DE and ZPDW.DE shifts across timeframes, from 0.81 (5 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
J1GR.DE vs. ZPDW.DE — Risk / Return Rank
J1GR.DE
ZPDW.DE
J1GR.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.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.
| J1GR.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 5.06 | -1.88 |
| Martin ratioReturn relative to average drawdown | 10.52 | 16.36 | -5.83 |
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Drawdowns
J1GR.DE vs. ZPDW.DE - Drawdown Comparison
The maximum J1GR.DE drawdown since its inception was -27.81%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for J1GR.DE and ZPDW.DE.
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Drawdown Indicators
| J1GR.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.81% | -34.37% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -9.65% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -21.70% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -21.70% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -4.13% | -3.23% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -7.46% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.99% | +0.48% |
Volatility
J1GR.DE vs. ZPDW.DE - Volatility Comparison
Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.DE) and State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) have volatilities of 7.37% and 7.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| J1GR.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 7.43% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 16.74% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 20.81% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 18.83% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 18.46% | -1.30% |
J1GR.DE vs. ZPDW.DE - Expense Ratio Comparison
J1GR.DE has a 0.45% expense ratio, which is higher than ZPDW.DE's 0.17% expense ratio.
Dividends
J1GR.DE vs. ZPDW.DE - Dividend Comparison
Neither J1GR.DE nor ZPDW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, J1GR.DE and ZPDW.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, 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 0.45% for J1GR.DE.
J1GR.DE tracks MSCI Japan ESG Broad CTB Select, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.45% for J1GR.DE and 0.17% for ZPDW.DE.
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