QUEJ.DE vs. ZPDW.DE
QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - QUEJ.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 3 years, QUEJ.DE returned 7.23%/yr vs 26.69%/yr for ZPDW.DE. A 0.69 correlation means they provide meaningful diversification when combined. QUEJ.DE charges 0.25%/yr vs 0.17%/yr for ZPDW.DE.
Performance
QUEJ.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QUEJ.DE achieves a 15.79% return, which is significantly lower than ZPDW.DE's 19.72% return.
QUEJ.DE
- 1D
- 0.00%
- 1M
- 5.80%
- 6M
- 10.28%
- YTD
- 15.79%
- 1Y
- 26.63%
- 3Y*
- 7.23%
- 5Y*
- —
- 10Y*
- —
ZPDW.DE
- 1D
- -0.84%
- 1M
- -0.79%
- 6M
- 11.78%
- YTD
- 19.72%
- 1Y
- 50.51%
- 3Y*
- 26.69%
- 5Y*
- 19.79%
- 10Y*
- 14.31%
QUEJ.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 15.79% | 3.79% | 1.15% | 8.13% | -12.21% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 19.72% | 27.50% | 22.78% | 33.59% | -1.12% |
Correlation
The correlation between QUEJ.DE and ZPDW.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.69 |
The correlation between QUEJ.DE and ZPDW.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
QUEJ.DE vs. ZPDW.DE — Risk / Return Rank
QUEJ.DE
ZPDW.DE
QUEJ.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 Acc (QUEJ.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.
| QUEJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 5.21 | -2.65 |
| Martin ratioReturn relative to average drawdown | 7.75 | 17.17 | -9.41 |
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Drawdowns
QUEJ.DE vs. ZPDW.DE - Drawdown Comparison
The maximum QUEJ.DE drawdown since its inception was -15.02%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for QUEJ.DE and ZPDW.DE.
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Drawdown Indicators
| QUEJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.02% | -34.37% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.65% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -21.70% | +7.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -1.23% | -4.09% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -7.47% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.93% | +0.51% |
Volatility
QUEJ.DE vs. ZPDW.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) is 5.11%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.68%. This indicates that QUEJ.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
| QUEJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 6.68% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 16.41% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 20.64% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 18.81% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 18.43% | -3.03% |
QUEJ.DE vs. ZPDW.DE - Expense Ratio Comparison
QUEJ.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
QUEJ.DE vs. ZPDW.DE - Dividend Comparison
Neither QUEJ.DE nor ZPDW.DE has paid dividends to shareholders.
Frequently Asked Questions
QUEJ.DE and ZPDW.DE have a correlation of 0.78, 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 QUEJ.DE.
QUEJ.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 QUEJ.DE and 0.17% for ZPDW.DE.
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