XDJP.DE vs. ZPDJ.DE
XDJP.DE (Xtrackers Nikkei 225 UCITS ETF 1D) and ZPDJ.DE (SPDR MSCI Japan UCITS ETF) are both Japan Equities funds - XDJP.DE tracks the TOPIX TR JPY while ZPDJ.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, XDJP.DE returned 12.91%/yr vs 9.67%/yr for ZPDJ.DE. Their correlation of 0.91 suggests significant overlap in exposure. XDJP.DE charges 0.09%/yr vs 0.12%/yr for ZPDJ.DE.
Performance
XDJP.DE vs. ZPDJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDJP.DE achieves a 41.31% return, which is significantly higher than ZPDJ.DE's 19.98% return. Over the past 10 years, XDJP.DE has outperformed ZPDJ.DE with an annualized return of 12.91%, while ZPDJ.DE has yielded a comparatively lower 9.67% annualized return.
XDJP.DE
- 1D
- 2.03%
- 1M
- 9.67%
- YTD
- 41.31%
- 6M
- 42.10%
- 1Y
- 70.33%
- 3Y*
- 24.78%
- 5Y*
- 13.81%
- 10Y*
- 12.91%
ZPDJ.DE
- 1D
- 0.49%
- 1M
- 3.54%
- YTD
- 19.98%
- 6M
- 20.06%
- 1Y
- 38.55%
- 3Y*
- 17.55%
- 5Y*
- 10.43%
- 10Y*
- 9.67%
XDJP.DE vs. ZPDJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 41.31% | 16.25% | 14.41% | 18.07% | -15.32% | 3.32% | 14.05% | 24.79% | -4.99% | 10.61% |
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 19.98% | 12.53% | 13.75% | 16.51% | -12.51% | 9.95% | 5.17% | 21.82% | -9.81% | 9.06% |
Correlation
The correlation between XDJP.DE and ZPDJ.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2015 | 0.91 |
The correlation between XDJP.DE and ZPDJ.DE shifts across timeframes, from 0.75 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XDJP.DE vs. ZPDJ.DE — Risk / Return Rank
XDJP.DE
ZPDJ.DE
XDJP.DE vs. ZPDJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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.
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.
| XDJP.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.45 | 3.63 | +1.82 |
| Martin ratioReturn relative to average drawdown | 16.21 | 12.25 | +3.96 |
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Drawdowns
XDJP.DE vs. ZPDJ.DE - Drawdown Comparison
The maximum XDJP.DE drawdown since its inception was -29.12%, roughly equal to the maximum ZPDJ.DE drawdown of -28.05%. Use the drawdown chart below to compare losses from any high point for XDJP.DE and ZPDJ.DE.
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Drawdown Indicators
| XDJP.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.12% | -28.05% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -10.56% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -16.91% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -19.08% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -29.12% | -28.05% | -1.07% |
Current DrawdownCurrent decline from peak | -2.10% | -2.88% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -5.89% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 3.14% | +1.19% |
Volatility
XDJP.DE vs. ZPDJ.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.DE) has a higher volatility of 9.10% compared to SPDR MSCI Japan UCITS ETF (ZPDJ.DE) at 6.34%. This indicates that XDJP.DE's price experiences larger fluctuations and is considered to be riskier than ZPDJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDJP.DE | ZPDJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 6.34% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 20.05% | 16.18% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 20.02% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 16.90% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.51% | +1.37% |
XDJP.DE vs. ZPDJ.DE - Expense Ratio Comparison
XDJP.DE has a 0.09% expense ratio, which is lower than ZPDJ.DE's 0.12% 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
XDJP.DE vs. ZPDJ.DE - Dividend Comparison
XDJP.DE's dividend yield for the trailing twelve months is around 0.97%, while ZPDJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 0.97% | 1.36% | 1.38% | 1.59% | 2.60% | 1.16% | 1.14% | 1.11% | 1.28% | 0.75% | 0.89% | 0.16% |
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
XDJP.DE and ZPDJ.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDJP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDJP.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for ZPDJ.DE.
XDJP.DE tracks TOPIX TR JPY, while ZPDJ.DE tracks MSCI Japan. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.09% for XDJP.DE and 0.12% for ZPDJ.DE.
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