JSRI.DE vs. ZPDJ.DE

Last updated Jun 5, 2026

JSRI.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis) and ZPDJ.DE (SPDR MSCI Japan UCITS ETF) are both Japan Equities funds - JSRI.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped while ZPDJ.DE tracks the MSCI Japan. Both are passively managed. Over the past 5 years, JSRI.DE returned 2.34%/yr vs 10.06%/yr for ZPDJ.DE. Their correlation of 0.94 suggests significant overlap in exposure. JSRI.DE charges 0.25%/yr vs 0.12%/yr for ZPDJ.DE.

Performance

JSRI.DE vs. ZPDJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis (JSRI.DE) and SPDR MSCI Japan UCITS ETF (ZPDJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSRI.DE achieves a 7.00% return, which is significantly lower than ZPDJ.DE's 16.79% return.

JSRI.DE

• 1D: -0.56%
• 1M: 3.33%
• YTD: 7.00%
• 6M: 6.81%
• 1Y: 10.29%
• 3Y*: 2.63%
• 5Y*: 2.34%
• 10Y*: —

ZPDJ.DE

• 1D: -0.45%
• 1M: 6.00%
• YTD: 16.79%
• 6M: 16.66%
• 1Y: 30.67%
• 3Y*: 15.52%
• 5Y*: 10.06%
• 10Y*: 9.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JSRI.DE vs. ZPDJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JSRI.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis	7.00%	3.81%	1.12%	10.63%	-16.21%	6.00%	9.71%	26.10%	-8.97%
ZPDJ.DE SPDR MSCI Japan UCITS ETF	16.79%	12.60%	13.75%	16.51%	-12.51%	9.97%	5.16%	21.83%	-7.94%

Correlation

The correlation between JSRI.DE and ZPDJ.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	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 18, 2018	0.94

The correlation between JSRI.DE and ZPDJ.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

JSRI.DE vs. ZPDJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JSRI.DE

JSRI.DE Risk / Return Rank: 21
JSRI.DE Sharpe Ratio Rank: 19
JSRI.DE Sortino Ratio Rank: 20
JSRI.DE Omega Ratio Rank: 19
JSRI.DE Calmar Ratio Rank: 22
JSRI.DE Martin Ratio Rank: 23

ZPDJ.DE

ZPDJ.DE Risk / Return Rank: 54
ZPDJ.DE Sharpe Ratio Rank: 48
ZPDJ.DE Sortino Ratio Rank: 52
ZPDJ.DE Omega Ratio Rank: 52
ZPDJ.DE Calmar Ratio Rank: 63
ZPDJ.DE Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JSRI.DE vs. ZPDJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis (JSRI.DE) and SPDR MSCI Japan UCITS ETF (ZPDJ.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.

	JSRI.DE	ZPDJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.64	-1.05
Sortino ratio: Return per unit of downside risk	1.00	2.50	-1.50
Omega ratio: Gain probability vs. loss probability	1.12	1.32	-0.20
Calmar ratio: Return relative to maximum drawdown	0.98	3.06	-2.08
Martin ratio: Return relative to average drawdown	2.86	9.86	-7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JSRI.DE vs. ZPDJ.DE - Sharpe Ratio Comparison

The current JSRI.DE Sharpe Ratio is 0.59, which is lower than the ZPDJ.DE Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of JSRI.DE and ZPDJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JSRI.DE	ZPDJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	1.64	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.60	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.44	-0.19

Drawdowns

JSRI.DE vs. ZPDJ.DE - Drawdown Comparison

The maximum JSRI.DE drawdown since its inception was -26.30%, smaller than the maximum ZPDJ.DE drawdown of -28.06%. Use the drawdown chart below to compare losses from any high point for JSRI.DE and ZPDJ.DE.

Drawdown Indicators

	JSRI.DE	ZPDJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.30%	-28.06%	+1.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.41%	-9.98%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-16.33%	-16.90%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-19.10%	-3.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.06%	—
Current Drawdown Current decline from peak	-2.61%	-0.45%	-2.16%
Average Drawdown Average peak-to-trough decline	-9.43%	-5.93%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	3.10%	+0.49%

Volatility

JSRI.DE vs. ZPDJ.DE - Volatility Comparison

The current volatility for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis (JSRI.DE) is 3.40%, while SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a volatility of 3.60%. This indicates that JSRI.DE experiences smaller price fluctuations and is considered to be less risky than ZPDJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSRI.DE	ZPDJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.60%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.83%	14.86%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	17.46%	18.62%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	16.57%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	16.40%	+0.37%

JSRI.DE vs. ZPDJ.DE - Expense Ratio Comparison

JSRI.DE has a 0.25% expense ratio, which is higher than ZPDJ.DE's 0.12% 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

JSRI.DE vs. ZPDJ.DE - Dividend Comparison

JSRI.DE's dividend yield for the trailing twelve months is around 2.44%, while ZPDJ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JSRI.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis	2.44%	1.91%	1.85%	4.41%	2.87%	1.71%	2.06%	2.03%
ZPDJ.DE SPDR MSCI Japan UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JSRI.DE and ZPDJ.DE in my portfolio?

JSRI.DE and ZPDJ.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.

Which ETF is better, JSRI.DE or ZPDJ.DE?

On fees, ZPDJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JSRI.DE or ZPDJ.DE?

ZPDJ.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for JSRI.DE.

What is the main difference between JSRI.DE and ZPDJ.DE?

JSRI.DE tracks MSCI Japan SRI S-Series PAB 5% Capped, while ZPDJ.DE tracks MSCI Japan. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for JSRI.DE and 0.12% for ZPDJ.DE.