SPPY.DE vs. ZPDJ.DE
SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and ZPDJ.DE (SPDR MSCI Japan UCITS ETF) are both exchange-traded funds - SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index, while ZPDJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 5 years, SPPY.DE returned 15.14%/yr vs 10.43%/yr for ZPDJ.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPPY.DE charges 0.10%/yr vs 0.12%/yr for ZPDJ.DE.
Performance
SPPY.DE vs. ZPDJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPY.DE achieves a 12.49% return, which is significantly lower than ZPDJ.DE's 19.98% return.
SPPY.DE
- 1D
- -0.19%
- 1M
- 2.18%
- YTD
- 12.49%
- 6M
- 13.00%
- 1Y
- 29.56%
- 3Y*
- 19.57%
- 5Y*
- 15.14%
- 10Y*
- —
ZPDJ.DE
- 1D
- 0.49%
- 1M
- 3.54%
- YTD
- 19.98%
- 6M
- 20.06%
- 1Y
- 38.55%
- 3Y*
- 17.55%
- 5Y*
- 10.43%
- 10Y*
- 9.67%
SPPY.DE vs. ZPDJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.49% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 19.98% | 12.53% | 13.75% | 16.51% | -12.51% | 9.95% | 5.17% | 1.24% |
Correlation
The correlation between SPPY.DE and ZPDJ.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.55 |
The correlation between SPPY.DE and ZPDJ.DE shifts across timeframes, from 0.37 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPPY.DE vs. ZPDJ.DE — Risk / Return Rank
SPPY.DE
ZPDJ.DE
SPPY.DE vs. ZPDJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
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.
| SPPY.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | 3.63 | +0.75 |
| Martin ratioReturn relative to average drawdown | 16.81 | 12.25 | +4.56 |
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Drawdowns
SPPY.DE vs. ZPDJ.DE - Drawdown Comparison
The maximum SPPY.DE drawdown since its inception was -33.33%, which is greater than ZPDJ.DE's maximum drawdown of -28.05%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and ZPDJ.DE.
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Drawdown Indicators
| SPPY.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -28.05% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -10.56% | +3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.81% | -16.91% | -6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -19.08% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.05% | — |
Current DrawdownCurrent decline from peak | -0.19% | -2.88% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -5.89% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 3.14% | -1.39% |
Volatility
SPPY.DE vs. ZPDJ.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) is 3.17%, while SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a volatility of 6.34%. This indicates that SPPY.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.
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Volatility by Period
| SPPY.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 6.34% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 16.18% | -8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 20.02% | -8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 16.90% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.53% | 16.51% | +1.02% |
SPPY.DE vs. ZPDJ.DE - Expense Ratio Comparison
SPPY.DE has a 0.10% expense ratio, which is lower than ZPDJ.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPPY.DE vs. ZPDJ.DE - Dividend Comparison
Neither SPPY.DE nor ZPDJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPY.DE and ZPDJ.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for ZPDJ.DE.
SPPY.DE is categorized as S&P 500, while ZPDJ.DE is Japan Equities. SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while ZPDJ.DE tracks MSCI Japan. Their fees differ too: 0.10% for SPPY.DE and 0.12% for ZPDJ.DE.
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