ZPDJ.DE vs. 3JPN.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - ZPDJ.DE is a Japan Equities fund tracking the MSCI Japan, while 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares. ZPDJ.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, ZPDJ.DE returned 15.52%/yr vs 20.30%/yr for 3JPN.DE. Their correlation of 0.91 suggests significant overlap in exposure. ZPDJ.DE charges 0.12%/yr vs 0.75%/yr for 3JPN.DE.
Performance
ZPDJ.DE vs. 3JPN.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPDJ.DE achieves a 16.79% return, which is significantly lower than 3JPN.DE's 37.51% return.
ZPDJ.DE
- 1D
- -0.45%
- 1M
- 6.00%
- YTD
- 16.79%
- 6M
- 16.66%
- 1Y
- 30.67%
- 3Y*
- 15.52%
- 5Y*
- 10.06%
- 10Y*
- 9.18%
3JPN.DE
- 1D
- -0.77%
- 1M
- 15.49%
- YTD
- 37.51%
- 6M
- 33.89%
- 1Y
- 68.56%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
ZPDJ.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 16.79% | 12.60% | 13.75% | 16.51% | -1.37% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
Correlation
The correlation between ZPDJ.DE and 3JPN.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.91 |
The correlation between ZPDJ.DE and 3JPN.DE has been stable across timeframes, ranging from 0.91 to 0.96 - 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
ZPDJ.DE vs. 3JPN.DE — Risk / Return Rank
ZPDJ.DE
3JPN.DE
ZPDJ.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.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.
| ZPDJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.96 | +1.10 |
| Martin ratioReturn relative to average drawdown | 9.86 | 5.61 | +4.25 |
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
| ZPDJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.13 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.50 | -0.06 |
Drawdowns
ZPDJ.DE vs. 3JPN.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and 3JPN.DE.
Loading charts...
Drawdown Indicators
| ZPDJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -51.65% | +23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -34.71% | +24.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -51.65% | +34.75% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -7.07% | +6.62% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -14.56% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 12.19% | -9.09% |
Volatility
ZPDJ.DE vs. 3JPN.DE - Volatility Comparison
The current volatility for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) is 3.60%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 11.68%. This indicates that ZPDJ.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.
Loading charts...
Volatility by Period
| ZPDJ.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 11.68% | -8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 48.68% | -33.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 60.28% | -41.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 52.77% | -36.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 52.77% | -36.37% |
ZPDJ.DE vs. 3JPN.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
ZPDJ.DE vs. 3JPN.DE - Dividend Comparison
Neither ZPDJ.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ZPDJ.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.
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 0.75% for 3JPN.DE.
ZPDJ.DE is categorized as Japan Equities, while 3JPN.DE is Leveraged Equities. They also come from different issuers: State Street and Leverage Shares. Their fees differ too: 0.12% for ZPDJ.DE and 0.75% for 3JPN.DE.
Find the right allocation for ZPDJ.DE and 3JPN.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