ZPDJ.DE vs. QUEJ.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both Japan Equities funds - ZPDJ.DE tracks the MSCI Japan while QUEJ.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 3 years, ZPDJ.DE returned 15.52%/yr vs 2.69%/yr for QUEJ.DE. Their correlation of 0.92 suggests significant overlap in exposure. ZPDJ.DE charges 0.12%/yr vs 0.25%/yr for QUEJ.DE.
Performance
ZPDJ.DE vs. QUEJ.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 QUEJ.DE's 7.21% return.
ZPDJ.DE
- 1D
- -0.45%
- 1M
- 3.68%
- YTD
- 16.79%
- 6M
- 16.66%
- 1Y
- 31.89%
- 3Y*
- 15.52%
- 5Y*
- 10.06%
- 10Y*
- 9.18%
QUEJ.DE
- 1D
- -0.49%
- 1M
- 1.71%
- YTD
- 7.21%
- 6M
- 7.26%
- 1Y
- 11.63%
- 3Y*
- 2.69%
- 5Y*
- —
- 10Y*
- —
ZPDJ.DE vs. QUEJ.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% | -8.26% |
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 7.21% | 3.79% | 1.15% | 8.13% | -12.67% |
Correlation
The correlation between ZPDJ.DE and QUEJ.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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.92 |
The correlation between ZPDJ.DE and QUEJ.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. QUEJ.DE — Risk / Return Rank
ZPDJ.DE
QUEJ.DE
ZPDJ.DE vs. QUEJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.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 | QUEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.12 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.00 | +2.06 |
| Martin ratioReturn relative to average drawdown | 9.86 | 2.91 | +6.95 |
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 | QUEJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.60 | +1.04 |
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 | 0.09 | +0.35 |
Drawdowns
ZPDJ.DE vs. QUEJ.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, which is greater than QUEJ.DE's maximum drawdown of -15.02%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and QUEJ.DE.
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Drawdown Indicators
| ZPDJ.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -15.02% | -13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -10.45% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -13.94% | -2.96% |
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% | -2.50% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -6.33% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.60% | -0.50% |
Volatility
ZPDJ.DE vs. QUEJ.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a higher volatility of 3.60% compared to BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) at 3.38%. This indicates that ZPDJ.DE's price experiences larger fluctuations and is considered to be riskier than QUEJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDJ.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.38% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 13.72% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 17.39% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 15.36% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 15.36% | +1.04% |
ZPDJ.DE vs. QUEJ.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than QUEJ.DE's 0.25% 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. QUEJ.DE - Dividend Comparison
Neither ZPDJ.DE nor QUEJ.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDJ.DE and QUEJ.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 0.25% for QUEJ.DE.
ZPDJ.DE tracks MSCI Japan, while QUEJ.DE tracks MSCI Japan SRI S-Series PAB 5% Capped. They also come from different issuers: State Street and BNP Paribas. Their fees differ too: 0.12% for ZPDJ.DE and 0.25% for QUEJ.DE.
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