UIM5.DE vs. ZPDW.DE
UIM5.DE (UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - UIM5.DE tracks the MSCI Japan while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 10 years, UIM5.DE returned 8.98%/yr vs 14.41%/yr for ZPDW.DE. Their correlation of 0.84 suggests significant overlap in exposure. UIM5.DE charges 0.12%/yr vs 0.17%/yr for ZPDW.DE.
Performance
UIM5.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIM5.DE achieves a 18.99% return, which is significantly lower than ZPDW.DE's 20.74% return. Over the past 10 years, UIM5.DE has underperformed ZPDW.DE with an annualized return of 8.98%, while ZPDW.DE has yielded a comparatively higher 14.41% annualized return.
UIM5.DE
- 1D
- -0.83%
- 1M
- 0.88%
- 6M
- 12.53%
- YTD
- 18.99%
- 1Y
- 38.35%
- 3Y*
- 17.36%
- 5Y*
- 10.30%
- 10Y*
- 8.98%
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%
UIM5.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIM5.DE UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis | 18.99% | 12.70% | 13.65% | 16.46% | -12.42% | 10.03% | 5.15% | 22.28% | -9.98% | 9.08% |
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 UIM5.DE and ZPDW.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.84 |
The correlation between UIM5.DE and ZPDW.DE shifts across timeframes, from 0.82 (5 years) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UIM5.DE vs. ZPDW.DE — Risk / Return Rank
UIM5.DE
ZPDW.DE
UIM5.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis (UIM5.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.
| UIM5.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 5.14 | -1.35 |
| Martin ratioReturn relative to average drawdown | 12.16 | 16.99 | -4.83 |
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Drawdowns
UIM5.DE vs. ZPDW.DE - Drawdown Comparison
The maximum UIM5.DE drawdown since its inception was -99.65%, which is greater than ZPDW.DE's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for UIM5.DE and ZPDW.DE.
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Drawdown Indicators
| UIM5.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -34.37% | -65.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -9.65% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -21.70% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.01% | -21.70% | +2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -28.09% | -34.37% | +6.28% |
Current DrawdownCurrent decline from peak | -98.19% | -3.28% | -94.91% |
Average DrawdownAverage peak-to-trough decline | -94.91% | -7.47% | -87.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.92% | +0.22% |
Volatility
UIM5.DE vs. ZPDW.DE - Volatility Comparison
UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis (UIM5.DE) and State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) have volatilities of 6.51% and 6.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIM5.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 6.74% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 16.39% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.79% | 20.62% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 18.81% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 18.43% | -1.95% |
UIM5.DE vs. ZPDW.DE - Expense Ratio Comparison
UIM5.DE has a 0.12% expense ratio, which is lower than ZPDW.DE's 0.17% 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
UIM5.DE vs. ZPDW.DE - Dividend Comparison
UIM5.DE's dividend yield for the trailing twelve months is around 1.56%, while ZPDW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UIM5.DE UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis | 1.56% | 1.71% | 1.67% | 1.80% | 2.11% | 1.52% | 1.66% | 1.65% | 1.58% | 1.32% | 1.54% | 1.20% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, UIM5.DE and ZPDW.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, UIM5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIM5.DE is cheaper with a 0.12% expense ratio, compared with 0.17% for ZPDW.DE.
UIM5.DE tracks MSCI Japan, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: UBS and State Street. Their fees differ too: 0.12% for UIM5.DE and 0.17% for ZPDW.DE.
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