SGAJ.DE vs. 3JPN.DE
SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - SGAJ.DE is a Japan Equities fund tracking the MSCI Japan ESG Screened, while 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares. SGAJ.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, SGAJ.DE returned 15.05%/yr vs 20.30%/yr for 3JPN.DE. Their correlation of 0.90 suggests significant overlap in exposure. SGAJ.DE charges 0.15%/yr vs 0.75%/yr for 3JPN.DE.
Performance
SGAJ.DE vs. 3JPN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SGAJ.DE achieves a 17.45% return, which is significantly lower than 3JPN.DE's 37.51% return.
SGAJ.DE
- 1D
- -0.33%
- 1M
- 6.57%
- YTD
- 17.45%
- 6M
- 17.20%
- 1Y
- 30.86%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 10Y*
- —
3JPN.DE
- 1D
- -0.77%
- 1M
- 15.49%
- YTD
- 37.51%
- 6M
- 33.89%
- 1Y
- 68.56%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
SGAJ.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.45% | 11.73% | 13.07% | 16.02% | -1.42% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
Correlation
The correlation between SGAJ.DE and 3JPN.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.90 |
The correlation between SGAJ.DE and 3JPN.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
SGAJ.DE vs. 3JPN.DE — Risk / Return Rank
SGAJ.DE
3JPN.DE
SGAJ.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.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.
| SGAJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.96 | +1.00 |
| Martin ratioReturn relative to average drawdown | 9.77 | 5.61 | +4.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGAJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.13 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.50 | +0.05 |
Drawdowns
SGAJ.DE vs. 3JPN.DE - Drawdown Comparison
The maximum SGAJ.DE drawdown since its inception was -28.20%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for SGAJ.DE and 3JPN.DE.
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Drawdown Indicators
| SGAJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -51.65% | +23.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -34.71% | +24.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -51.65% | +34.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -7.07% | +6.74% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -14.56% | +8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 12.19% | -9.04% |
Volatility
SGAJ.DE vs. 3JPN.DE - Volatility Comparison
The current volatility for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) is 3.44%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 11.68%. This indicates that SGAJ.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGAJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 11.68% | -8.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 48.68% | -33.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 60.28% | -41.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 52.77% | -36.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 52.77% | -35.36% |
SGAJ.DE vs. 3JPN.DE - Expense Ratio Comparison
SGAJ.DE has a 0.15% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
SGAJ.DE vs. 3JPN.DE - Dividend Comparison
Neither SGAJ.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SGAJ.DE and 3JPN.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, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.75% for 3JPN.DE.
SGAJ.DE is categorized as Japan Equities, while 3JPN.DE is Leveraged Equities. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.15% for SGAJ.DE and 0.75% for 3JPN.DE.
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