ZPDJ.DE vs. IUS4.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - ZPDJ.DE tracks the MSCI Japan while IUS4.DE tracks the MSCI Japan Small Cap. Both are passively managed. Over the past 10 years, ZPDJ.DE returned 9.18%/yr vs 7.46%/yr for IUS4.DE. Their correlation of 0.88 suggests significant overlap in exposure. ZPDJ.DE charges 0.12%/yr vs 0.58%/yr for IUS4.DE.
Performance
ZPDJ.DE vs. IUS4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDJ.DE achieves a 16.79% return, which is significantly higher than IUS4.DE's 14.74% return. Over the past 10 years, ZPDJ.DE has outperformed IUS4.DE with an annualized return of 9.18%, while IUS4.DE has yielded a comparatively lower 7.46% annualized 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%
IUS4.DE
- 1D
- 0.43%
- 1M
- 5.25%
- YTD
- 14.74%
- 6M
- 16.38%
- 1Y
- 27.12%
- 3Y*
- 14.63%
- 5Y*
- 8.34%
- 10Y*
- 7.46%
ZPDJ.DE vs. IUS4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 16.79% | 12.60% | 13.75% | 16.51% | -12.51% | 9.97% | 5.16% | 21.83% | -9.81% | 9.06% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 14.74% | 15.96% | 9.46% | 9.42% | -7.69% | 5.35% | -2.06% | 21.73% | -13.13% | 15.52% |
Correlation
The correlation between ZPDJ.DE and IUS4.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.88 |
The correlation between ZPDJ.DE and IUS4.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. IUS4.DE — Risk / Return Rank
ZPDJ.DE
IUS4.DE
ZPDJ.DE vs. IUS4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.67 | +0.39 |
| Martin ratioReturn relative to average drawdown | 9.86 | 9.26 | +0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPDJ.DE | IUS4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.69 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.55 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.47 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Drawdowns
ZPDJ.DE vs. IUS4.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, smaller than the maximum IUS4.DE drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and IUS4.DE.
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Drawdown Indicators
| ZPDJ.DE | IUS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -32.63% | +4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -10.12% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -12.92% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -21.47% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | -32.63% | +4.57% |
Current DrawdownCurrent decline from peak | -0.45% | -0.73% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -6.41% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.92% | +0.18% |
Volatility
ZPDJ.DE vs. IUS4.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) have volatilities of 3.60% and 3.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDJ.DE | IUS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.47% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 13.58% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 15.94% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 14.91% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 15.94% | +0.46% |
ZPDJ.DE vs. IUS4.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than IUS4.DE's 0.58% expense ratio.
Dividends
ZPDJ.DE vs. IUS4.DE - Dividend Comparison
ZPDJ.DE has not paid dividends to shareholders, while IUS4.DE's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.87% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
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
ZPDJ.DE and IUS4.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.58% for IUS4.DE.
ZPDJ.DE tracks MSCI Japan, while IUS4.DE tracks MSCI Japan Small Cap. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ZPDJ.DE and 0.58% for IUS4.DE.
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