JSRI.DE vs. ZPDW.DE
JSRI.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - JSRI.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 5 years, JSRI.DE returned 3.05%/yr vs 19.99%/yr for ZPDW.DE. A 0.77 correlation means they provide meaningful diversification when combined. JSRI.DE charges 0.25%/yr vs 0.17%/yr for ZPDW.DE.
Performance
JSRI.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JSRI.DE achieves a 15.66% return, which is significantly lower than ZPDW.DE's 20.74% return.
JSRI.DE
- 1D
- -1.24%
- 1M
- 5.85%
- 6M
- 11.11%
- YTD
- 15.66%
- 1Y
- 25.79%
- 3Y*
- 7.07%
- 5Y*
- 3.05%
- 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%
JSRI.DE vs. ZPDW.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 | 15.66% | 3.78% | 1.17% | 8.14% | -16.21% | 6.00% | 9.70% | 26.13% | -8.20% |
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% | -12.52% |
Correlation
The correlation between JSRI.DE and ZPDW.DE is 0.80, 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 | 0.80 |
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 Mar 13, 2018 | 0.77 |
The correlation between JSRI.DE and ZPDW.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
JSRI.DE vs. ZPDW.DE — Risk / Return Rank
JSRI.DE
ZPDW.DE
JSRI.DE vs. ZPDW.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 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.
| JSRI.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 5.14 | -2.67 |
| Martin ratioReturn relative to average drawdown | 7.45 | 16.99 | -9.53 |
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Drawdowns
JSRI.DE vs. ZPDW.DE - Drawdown Comparison
The maximum JSRI.DE drawdown since its inception was -26.30%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for JSRI.DE and ZPDW.DE.
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Drawdown Indicators
| JSRI.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -34.37% | +8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -9.65% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -21.70% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -21.70% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -1.24% | -3.28% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -7.47% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.92% | +0.53% |
Volatility
JSRI.DE vs. ZPDW.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 5.34%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.74%. This indicates that JSRI.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
| JSRI.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 6.74% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 16.39% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 20.62% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 18.81% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 18.43% | -1.70% |
JSRI.DE vs. ZPDW.DE - Expense Ratio Comparison
JSRI.DE has a 0.25% 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
JSRI.DE vs. ZPDW.DE - Dividend Comparison
JSRI.DE's dividend yield for the trailing twelve months is around 2.26%, while ZPDW.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 | 2.26% | 1.91% | 1.85% | 2.21% | 2.87% | 1.70% | 2.06% | 2.03% |
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% |
Frequently Asked Questions
JSRI.DE and ZPDW.DE have a correlation of 0.80, 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 0.25% for JSRI.DE.
JSRI.DE tracks MSCI Japan SRI S-Series PAB 5% Capped, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for JSRI.DE and 0.17% for ZPDW.DE.
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