XCJD.DE vs. ZPDW.DE
XCJD.DE (Xtrackers MSCI Japan Climate Transition UCITS ETF) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - XCJD.DE tracks the MSCI Japan Select Sustainability Screened CTB while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 3 years, XCJD.DE returned 13.64%/yr vs 25.04%/yr for ZPDW.DE. A 0.79 correlation means they provide meaningful diversification when combined. XCJD.DE charges 0.15%/yr vs 0.17%/yr for ZPDW.DE.
Performance
XCJD.DE vs. ZPDW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCJD.DE achieves a 19.48% return, which is significantly higher than ZPDW.DE's 16.76% return.
XCJD.DE
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 13.22%
- YTD
- 19.48%
- 1Y
- 33.98%
- 3Y*
- 13.64%
- 5Y*
- —
- 10Y*
- —
ZPDW.DE
- 1D
- -2.48%
- 1M
- -4.34%
- 6M
- 9.40%
- YTD
- 16.76%
- 1Y
- 43.91%
- 3Y*
- 25.04%
- 5Y*
- 19.19%
- 10Y*
- 14.04%
XCJD.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCJD.DE Xtrackers MSCI Japan Climate Transition UCITS ETF | 19.48% | 10.38% | 7.06% | -0.50% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 16.76% | 27.50% | 22.78% | 26.92% |
Correlation
The correlation between XCJD.DE and ZPDW.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2023 | 0.79 |
The correlation between XCJD.DE and ZPDW.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
XCJD.DE vs. ZPDW.DE — Risk / Return Rank
XCJD.DE
ZPDW.DE
XCJD.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Climate Transition UCITS ETF (XCJD.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.
| XCJD.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.53 | -2.38 |
| Martin ratioReturn relative to average drawdown | 4.39 | 14.78 | -10.39 |
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Drawdowns
XCJD.DE vs. ZPDW.DE - Drawdown Comparison
The maximum XCJD.DE drawdown since its inception was -16.48%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for XCJD.DE and ZPDW.DE.
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Drawdown Indicators
| XCJD.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -34.37% | +17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.78% | -9.65% | -6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -21.70% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -2.20% | -6.47% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -7.46% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 2.96% | +4.77% |
Volatility
XCJD.DE vs. ZPDW.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Japan Climate Transition UCITS ETF (XCJD.DE) is 6.04%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.94%. This indicates that XCJD.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
| XCJD.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 6.94% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | 16.62% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.56% | 20.76% | +7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 18.83% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 18.45% | +2.03% |
XCJD.DE vs. ZPDW.DE - Expense Ratio Comparison
XCJD.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
XCJD.DE vs. ZPDW.DE - Dividend Comparison
XCJD.DE's dividend yield for the trailing twelve months is around 1.35%, while ZPDW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XCJD.DE Xtrackers MSCI Japan Climate Transition UCITS ETF | 1.35% | 1.55% | 2.21% | 2.27% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCJD.DE and ZPDW.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCJD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCJD.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for ZPDW.DE.
XCJD.DE tracks MSCI Japan Select Sustainability Screened CTB, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.15% for XCJD.DE and 0.17% for ZPDW.DE.
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