JARI.DE vs. ZPDW.DE
JARI.DE (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - JARI.DE tracks the TOPIX TR JPY while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 5 years, JARI.DE returned 2.65%/yr vs 19.99%/yr for ZPDW.DE. A 0.74 correlation means they provide meaningful diversification when combined. JARI.DE charges 0.18%/yr vs 0.17%/yr for ZPDW.DE.
Performance
JARI.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JARI.DE achieves a 11.15% return, which is significantly lower than ZPDW.DE's 20.74% return.
JARI.DE
- 1D
- 0.00%
- 1M
- 6.65%
- 6M
- 6.89%
- YTD
- 11.15%
- 1Y
- 23.56%
- 3Y*
- 6.19%
- 5Y*
- 2.65%
- 10Y*
- —
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%
JARI.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 11.15% | 5.73% | 2.11% | 6.93% | -15.65% | 8.08% | 13.45% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 20.74% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 13.31% |
Correlation
The correlation between JARI.DE and ZPDW.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.74 |
The correlation between JARI.DE and ZPDW.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
JARI.DE vs. ZPDW.DE — Risk / Return Rank
JARI.DE
ZPDW.DE
JARI.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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.
| JARI.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 5.14 | -2.82 |
| Martin ratioReturn relative to average drawdown | 6.82 | 16.99 | -10.17 |
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Drawdowns
JARI.DE vs. ZPDW.DE - Drawdown Comparison
The maximum JARI.DE drawdown since its inception was -23.16%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for JARI.DE and ZPDW.DE.
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Drawdown Indicators
| JARI.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -34.37% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -9.65% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.32% | -21.70% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.16% | -21.70% | -1.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.28% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -7.47% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.92% | +0.54% |
Volatility
JARI.DE vs. ZPDW.DE - Volatility Comparison
The current volatility for Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.DE) is 4.85%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.74%. This indicates that JARI.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
| JARI.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 6.74% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 16.39% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 20.62% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 18.81% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.43% | -2.27% |
JARI.DE vs. ZPDW.DE - Expense Ratio Comparison
JARI.DE has a 0.18% 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
JARI.DE vs. ZPDW.DE - Dividend Comparison
Neither JARI.DE nor ZPDW.DE has paid dividends to shareholders.
Frequently Asked Questions
JARI.DE and ZPDW.DE have a correlation of 0.79, 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 0.18% for JARI.DE.
JARI.DE tracks TOPIX TR JPY, 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: 0.18% for JARI.DE and 0.17% for ZPDW.DE.
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