SXRZ.DE vs. ZPDW.DE
SXRZ.DE (iShares Nikkei 225 UCITS ETF (Acc)) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - SXRZ.DE tracks the Nikkei 225® while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 10 years, SXRZ.DE returned 11.22%/yr vs 14.41%/yr for ZPDW.DE. Their correlation of 0.81 suggests significant overlap in exposure. SXRZ.DE charges 0.48%/yr vs 0.17%/yr for ZPDW.DE.
Performance
SXRZ.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRZ.DE achieves a 32.99% return, which is significantly higher than ZPDW.DE's 20.74% return. Over the past 10 years, SXRZ.DE has underperformed ZPDW.DE with an annualized return of 11.22%, while ZPDW.DE has yielded a comparatively higher 14.41% annualized return.
SXRZ.DE
- 1D
- -0.96%
- 1M
- -2.30%
- 6M
- 25.21%
- YTD
- 32.99%
- 1Y
- 60.44%
- 3Y*
- 21.86%
- 5Y*
- 12.46%
- 10Y*
- 11.22%
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%
SXRZ.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 32.99% | 15.71% | 13.83% | 17.70% | -15.73% | 3.03% | 13.44% | 24.31% | -5.20% | 10.07% |
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% | -16.65% | 19.02% |
Correlation
The correlation between SXRZ.DE and ZPDW.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.81 |
The correlation between SXRZ.DE and ZPDW.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SXRZ.DE vs. ZPDW.DE — Risk / Return Rank
SXRZ.DE
ZPDW.DE
SXRZ.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.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.
| SXRZ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 5.14 | -0.48 |
| Martin ratioReturn relative to average drawdown | 13.40 | 16.99 | -3.59 |
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Drawdowns
SXRZ.DE vs. ZPDW.DE - Drawdown Comparison
The maximum SXRZ.DE drawdown since its inception was -29.90%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for SXRZ.DE and ZPDW.DE.
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Drawdown Indicators
| SXRZ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.90% | -34.37% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -9.65% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -21.70% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -21.70% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -29.90% | -34.37% | +4.47% |
Current DrawdownCurrent decline from peak | -7.82% | -3.28% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -7.47% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.92% | +1.58% |
Volatility
SXRZ.DE vs. ZPDW.DE - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) has a higher volatility of 9.46% compared to State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) at 6.74%. This indicates that SXRZ.DE's price experiences larger fluctuations and is considered to be riskier 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
| SXRZ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 6.74% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 16.39% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.38% | 20.62% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 18.81% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.43% | -0.43% |
SXRZ.DE vs. ZPDW.DE - Expense Ratio Comparison
SXRZ.DE has a 0.48% expense ratio, which is higher than ZPDW.DE's 0.17% expense ratio.
Dividends
SXRZ.DE vs. ZPDW.DE - Dividend Comparison
Neither SXRZ.DE nor ZPDW.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRZ.DE and ZPDW.DE have a correlation of 0.84, 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 0.48% for SXRZ.DE.
SXRZ.DE tracks Nikkei 225®, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.48% for SXRZ.DE and 0.17% for ZPDW.DE.
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