XDJP.DE vs. ZPDW.DE
XDJP.DE (Xtrackers Nikkei 225 UCITS ETF 1D) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - XDJP.DE tracks the TOPIX TR JPY while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 10 years, XDJP.DE returned 11.67%/yr vs 14.41%/yr for ZPDW.DE. Their correlation of 0.81 suggests significant overlap in exposure. XDJP.DE charges 0.09%/yr vs 0.17%/yr for ZPDW.DE.
Performance
XDJP.DE vs. ZPDW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XDJP.DE achieves a 33.21% return, which is significantly higher than ZPDW.DE's 20.74% return. Over the past 10 years, XDJP.DE has underperformed ZPDW.DE with an annualized return of 11.67%, while ZPDW.DE has yielded a comparatively higher 14.41% annualized return.
XDJP.DE
- 1D
- -0.99%
- 1M
- -2.07%
- 6M
- 25.48%
- YTD
- 33.21%
- 1Y
- 61.11%
- 3Y*
- 22.37%
- 5Y*
- 12.92%
- 10Y*
- 11.67%
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%
XDJP.DE vs. ZPDW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 33.21% | 16.25% | 14.41% | 18.07% | -15.32% | 3.32% | 14.05% | 24.79% | -4.99% | 10.61% |
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 XDJP.DE and ZPDW.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.81 |
The correlation between XDJP.DE and ZPDW.DE has been stable across timeframes, ranging from 0.79 to 0.84 - 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
XDJP.DE vs. ZPDW.DE — Risk / Return Rank
XDJP.DE
ZPDW.DE
XDJP.DE vs. ZPDW.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 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.
| XDJP.DE | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 5.14 | -0.40 |
| Martin ratioReturn relative to average drawdown | 13.62 | 16.99 | -3.37 |
Loading charts...
Drawdowns
XDJP.DE vs. ZPDW.DE - Drawdown Comparison
The maximum XDJP.DE drawdown since its inception was -29.12%, smaller than the maximum ZPDW.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for XDJP.DE and ZPDW.DE.
Loading charts...
Drawdown Indicators
| XDJP.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.12% | -34.37% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -9.65% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -21.70% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -21.70% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -29.12% | -34.37% | +5.25% |
Current DrawdownCurrent decline from peak | -7.71% | -3.28% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -7.47% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 2.92% | +1.55% |
Volatility
XDJP.DE vs. ZPDW.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.DE) has a higher volatility of 9.47% compared to State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) at 6.74%. This indicates that XDJP.DE's price experiences larger fluctuations and is considered to be riskier than ZPDW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XDJP.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.47% | 6.74% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 20.64% | 16.39% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.50% | 20.62% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 18.81% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 18.43% | -0.46% |
XDJP.DE vs. ZPDW.DE - Expense Ratio Comparison
XDJP.DE has a 0.09% 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
XDJP.DE vs. ZPDW.DE - Dividend Comparison
XDJP.DE's dividend yield for the trailing twelve months is around 1.02%, while ZPDW.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 | 1.02% | 1.36% | 1.38% | 1.59% | 2.60% | 1.16% | 1.14% | 1.11% | 1.28% | 0.75% | 0.89% | 0.16% |
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
XDJP.DE and ZPDW.DE have a correlation of 0.84, 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 0.17% for ZPDW.DE.
XDJP.DE tracks TOPIX TR JPY, 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: 0.09% for XDJP.DE and 0.17% for ZPDW.DE.
Find the right allocation for XDJP.DE and ZPDW.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