ZPDJ.DE vs. JARI.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and JARI.DE (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) are both Japan Equities funds - ZPDJ.DE tracks the MSCI Japan while JARI.DE tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, ZPDJ.DE returned 10.06%/yr vs 1.52%/yr for JARI.DE. Their correlation of 0.91 suggests significant overlap in exposure. ZPDJ.DE charges 0.12%/yr vs 0.18%/yr for JARI.DE.
Performance
ZPDJ.DE vs. JARI.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 JARI.DE's 3.03% 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%
JARI.DE
- 1D
- -0.26%
- 1M
- 4.19%
- YTD
- 3.03%
- 6M
- 2.55%
- 1Y
- 9.99%
- 3Y*
- 1.75%
- 5Y*
- 1.52%
- 10Y*
- —
ZPDJ.DE vs. JARI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 16.79% | 12.60% | 13.75% | 16.51% | -12.51% | 9.97% | 11.20% |
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 3.03% | 5.73% | 2.11% | 6.93% | -15.65% | 8.08% | 13.58% |
Correlation
The correlation between ZPDJ.DE and JARI.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.91 |
The correlation between ZPDJ.DE and JARI.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. JARI.DE — Risk / Return Rank
ZPDJ.DE
JARI.DE
ZPDJ.DE vs. JARI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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 | JARI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.11 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.97 | +2.09 |
| Martin ratioReturn relative to average drawdown | 9.86 | 2.81 | +7.05 |
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 | JARI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.57 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.09 | +0.51 |
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 | 0.24 | +0.20 |
Drawdowns
ZPDJ.DE vs. JARI.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, which is greater than JARI.DE's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and JARI.DE.
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Drawdown Indicators
| ZPDJ.DE | JARI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -23.16% | -4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -10.21% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -15.32% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -23.16% | +4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -5.68% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -11.49% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.55% | -0.45% |
Volatility
ZPDJ.DE vs. JARI.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.DE) have volatilities of 3.60% and 3.56%, 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 | JARI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.56% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 14.05% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 17.57% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 16.04% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 15.89% | +0.51% |
ZPDJ.DE vs. JARI.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than JARI.DE's 0.18% 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
ZPDJ.DE vs. JARI.DE - Dividend Comparison
Neither ZPDJ.DE nor JARI.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDJ.DE and JARI.DE have a correlation of 0.88, 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 0.18% for JARI.DE.
ZPDJ.DE tracks MSCI Japan, while JARI.DE tracks TOPIX TR JPY. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.12% for ZPDJ.DE and 0.18% for JARI.DE.
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