XM1D.DE vs. 3JPN.DE

Last updated Jun 5, 2026

XM1D.DE (Xtrackers MSCI Japan UCITS ETF) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - XM1D.DE is a Japan Equities fund tracking the MSCI Japan, while 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares. XM1D.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, XM1D.DE returned 15.70%/yr vs 20.30%/yr for 3JPN.DE. Their correlation of 0.91 suggests significant overlap in exposure. XM1D.DE charges 0.12%/yr vs 0.75%/yr for 3JPN.DE.

Performance

XM1D.DE vs. 3JPN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Japan UCITS ETF (XM1D.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XM1D.DE achieves a 17.34% return, which is significantly lower than 3JPN.DE's 37.51% return.

XM1D.DE

• 1D: -0.34%
• 1M: 3.75%
• YTD: 17.34%
• 6M: 17.24%
• 1Y: 32.28%
• 3Y*: 15.70%
• 5Y*: —
• 10Y*: —

3JPN.DE

• 1D: -0.77%
• 1M: 7.20%
• YTD: 37.51%
• 6M: 34.92%
• 1Y: 72.37%
• 3Y*: 20.30%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XM1D.DE vs. 3JPN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XM1D.DE Xtrackers MSCI Japan UCITS ETF	17.34%	12.60%	13.72%	13.20%
3JPN.DE Leverage Shares 3x Long Japan ETP Securities	37.51%	27.74%	0.10%	30.64%

Correlation

The correlation between XM1D.DE and 3JPN.DE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.91

The correlation between XM1D.DE and 3JPN.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

XM1D.DE vs. 3JPN.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XM1D.DE

XM1D.DE Risk / Return Rank: 54
XM1D.DE Sharpe Ratio Rank: 48
XM1D.DE Sortino Ratio Rank: 52
XM1D.DE Omega Ratio Rank: 51
XM1D.DE Calmar Ratio Rank: 62
XM1D.DE Martin Ratio Rank: 57

3JPN.DE

3JPN.DE Risk / Return Rank: 36
3JPN.DE Sharpe Ratio Rank: 32
3JPN.DE Sortino Ratio Rank: 37
3JPN.DE Omega Ratio Rank: 36
3JPN.DE Calmar Ratio Rank: 40
3JPN.DE Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XM1D.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF (XM1D.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.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.

	XM1D.DE	3JPN.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.13	+0.51
Sortino ratio: Return per unit of downside risk	2.49	1.88	+0.61
Omega ratio: Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio: Return relative to maximum drawdown	3.05	1.96	+1.09
Martin ratio: Return relative to average drawdown	9.87	5.61	+4.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XM1D.DE vs. 3JPN.DE - Sharpe Ratio Comparison

The current XM1D.DE Sharpe Ratio is 1.64, which is higher than the 3JPN.DE Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of XM1D.DE and 3JPN.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XM1D.DE	3JPN.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	1.13	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.50	+0.51

Drawdowns

XM1D.DE vs. 3JPN.DE - Drawdown Comparison

The maximum XM1D.DE drawdown since its inception was -16.92%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for XM1D.DE and 3JPN.DE.

Drawdown Indicators

	XM1D.DE	3JPN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.92%	-51.65%	+34.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-34.71%	+24.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-51.65%	+34.73%
Current Drawdown Current decline from peak	-0.34%	-7.07%	+6.73%
Average Drawdown Average peak-to-trough decline	-3.04%	-14.56%	+11.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	12.19%	-9.05%

Volatility

XM1D.DE vs. 3JPN.DE - Volatility Comparison

The current volatility for Xtrackers MSCI Japan UCITS ETF (XM1D.DE) is 3.78%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 11.68%. This indicates that XM1D.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XM1D.DE	3JPN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	11.68%	-7.90%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	48.68%	-33.54%
Volatility (1Y) Calculated over the trailing 1-year period	18.86%	60.28%	-41.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	52.77%	-35.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	52.77%	-35.09%

XM1D.DE vs. 3JPN.DE - Expense Ratio Comparison

XM1D.DE has a 0.12% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.

Dividends

XM1D.DE vs. 3JPN.DE - Dividend Comparison

XM1D.DE's dividend yield for the trailing twelve months is around 1.47%, while 3JPN.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
3JPN.DE Leverage Shares 3x Long Japan ETP Securities	0.00%	0.00%	0.00%	0.00%
XM1D.DE Xtrackers MSCI Japan UCITS ETF	1.47%	1.71%	2.68%	1.64%

Frequently Asked Questions

Can I hold both XM1D.DE and 3JPN.DE in my portfolio?

With a correlation of 0.94, XM1D.DE and 3JPN.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.

Which ETF is better, XM1D.DE or 3JPN.DE?

On fees, XM1D.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XM1D.DE or 3JPN.DE?

XM1D.DE is cheaper with a 0.12% expense ratio, compared with 0.75% for 3JPN.DE.

What is the main difference between XM1D.DE and 3JPN.DE?

XM1D.DE is categorized as Japan Equities, while 3JPN.DE is Leveraged Equities. They also come from different issuers: Xtrackers and Leverage Shares. Their fees differ too: 0.12% for XM1D.DE and 0.75% for 3JPN.DE.