VJPA.DE vs. ZPDW.DE
VJPA.DE (Vanguard FTSE Japan UCITS ETF Accumulating) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - VJPA.DE tracks the FTSE Japan while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 5 years, VJPA.DE returned 10.14%/yr vs 19.99%/yr for ZPDW.DE. Their correlation of 0.84 suggests significant overlap in exposure. VJPA.DE charges 0.15%/yr vs 0.17%/yr for ZPDW.DE.
Performance
VJPA.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VJPA.DE achieves a 18.41% return, which is significantly lower than ZPDW.DE's 20.74% return.
VJPA.DE
- 1D
- -1.11%
- 1M
- 0.99%
- 6M
- 12.26%
- YTD
- 18.41%
- 1Y
- 37.52%
- 3Y*
- 17.21%
- 5Y*
- 10.14%
- 10Y*
- —
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%
VJPA.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VJPA.DE Vanguard FTSE Japan UCITS ETF Accumulating | 18.41% | 13.28% | 13.06% | 15.84% | -11.43% | 9.42% | 4.85% | -6.04% |
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% | 7.45% |
Correlation
The correlation between VJPA.DE and ZPDW.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.84 |
The correlation between VJPA.DE and ZPDW.DE shifts across timeframes, from 0.81 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VJPA.DE vs. ZPDW.DE — Risk / Return Rank
VJPA.DE
ZPDW.DE
VJPA.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.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.
| VJPA.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 5.14 | -1.34 |
| Martin ratioReturn relative to average drawdown | 12.69 | 16.99 | -4.30 |
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Drawdowns
VJPA.DE vs. ZPDW.DE - Drawdown Comparison
The maximum VJPA.DE drawdown since its inception was -30.84%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for VJPA.DE and ZPDW.DE.
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Drawdown Indicators
| VJPA.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.84% | -34.37% | +3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -9.65% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -21.70% | +5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -21.70% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -3.10% | -3.28% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -7.47% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.92% | +0.03% |
Volatility
VJPA.DE vs. ZPDW.DE - Volatility Comparison
The current volatility for Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.DE) is 6.15%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.74%. This indicates that VJPA.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
| VJPA.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 6.74% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 16.39% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 20.62% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 18.81% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 18.43% | -0.51% |
VJPA.DE vs. ZPDW.DE - Expense Ratio Comparison
VJPA.DE has a 0.15% 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
VJPA.DE vs. ZPDW.DE - Dividend Comparison
Neither VJPA.DE nor ZPDW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, VJPA.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, VJPA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPA.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for ZPDW.DE.
VJPA.DE tracks FTSE Japan, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.15% for VJPA.DE and 0.17% for ZPDW.DE.
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