WTDX.DE vs. ZPDJ.DE
WTDX.DE (WisdomTree Japan Equity UCITS ETF USD Hedged) and ZPDJ.DE (SPDR MSCI Japan UCITS ETF) are both Japan Equities funds - WTDX.DE tracks the WisdomTree Japan Hedged Equity UCITS Index while ZPDJ.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, WTDX.DE returned 17.65%/yr vs 9.18%/yr for ZPDJ.DE. Their correlation of 0.81 suggests significant overlap in exposure. WTDX.DE charges 0.48%/yr vs 0.12%/yr for ZPDJ.DE.
Performance
WTDX.DE vs. ZPDJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WTDX.DE achieves a 21.75% return, which is significantly higher than ZPDJ.DE's 16.79% return. Over the past 10 years, WTDX.DE has outperformed ZPDJ.DE with an annualized return of 17.65%, while ZPDJ.DE has yielded a comparatively lower 9.18% annualized return.
WTDX.DE
- 1D
- 0.17%
- 1M
- 5.69%
- YTD
- 21.75%
- 6M
- 23.89%
- 1Y
- 54.14%
- 3Y*
- 29.85%
- 5Y*
- 26.95%
- 10Y*
- 17.65%
ZPDJ.DE
- 1D
- -0.45%
- 1M
- 3.68%
- YTD
- 16.79%
- 6M
- 16.66%
- 1Y
- 31.89%
- 3Y*
- 15.52%
- 5Y*
- 10.06%
- 10Y*
- 9.18%
WTDX.DE vs. ZPDJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 21.75% | 17.62% | 36.61% | 36.95% | 11.73% | 27.31% | -6.01% | 21.12% | -15.40% | 7.28% |
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 16.79% | 12.60% | 13.75% | 16.51% | -12.51% | 9.97% | 5.16% | 21.83% | -9.81% | 9.06% |
Correlation
The correlation between WTDX.DE and ZPDJ.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.81 |
The correlation between WTDX.DE and ZPDJ.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WTDX.DE vs. ZPDJ.DE — Risk / Return Rank
WTDX.DE
ZPDJ.DE
WTDX.DE vs. ZPDJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.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.
| WTDX.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.32 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.61 | 3.06 | +3.55 |
| Martin ratioReturn relative to average drawdown | 22.15 | 9.86 | +12.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WTDX.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 1.64 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 0.60 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.56 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.44 | +0.15 |
Drawdowns
WTDX.DE vs. ZPDJ.DE - Drawdown Comparison
The maximum WTDX.DE drawdown since its inception was -34.50%, which is greater than ZPDJ.DE's maximum drawdown of -28.06%. Use the drawdown chart below to compare losses from any high point for WTDX.DE and ZPDJ.DE.
Loading charts...
Drawdown Indicators
| WTDX.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -28.06% | -6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -9.98% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -16.90% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -19.10% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -32.85% | -28.06% | -4.79% |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -5.93% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.10% | -0.68% |
Volatility
WTDX.DE vs. ZPDJ.DE - Volatility Comparison
WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) and SPDR MSCI Japan UCITS ETF (ZPDJ.DE) have volatilities of 3.75% and 3.60%, 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.
Loading charts...
Volatility by Period
| WTDX.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.60% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 14.86% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 18.62% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 16.57% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 16.40% | +3.60% |
WTDX.DE vs. ZPDJ.DE - Expense Ratio Comparison
WTDX.DE has a 0.48% expense ratio, which is higher than ZPDJ.DE's 0.12% expense ratio.
Dividends
WTDX.DE vs. ZPDJ.DE - Dividend Comparison
WTDX.DE's dividend yield for the trailing twelve months is around 1.20%, while ZPDJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 1.20% | 1.52% | 1.39% | 1.83% | 2.16% | 1.26% | 1.88% | 1.80% | 1.82% | 1.07% | 1.73% | 0.05% |
ZPDJ.DE SPDR MSCI Japan 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
WTDX.DE and ZPDJ.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDJ.DE is cheaper with a 0.12% expense ratio, compared with 0.48% for WTDX.DE.
WTDX.DE tracks WisdomTree Japan Hedged Equity UCITS Index, while ZPDJ.DE tracks MSCI Japan. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.48% for WTDX.DE and 0.12% for ZPDJ.DE.
Find the right allocation for WTDX.DE and ZPDJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer