ZPDJ.DE vs. SPY5.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - ZPDJ.DE is a Japan Equities fund tracking the MSCI Japan, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ZPDJ.DE returned 9.18%/yr vs 15.13%/yr for SPY5.DE. A 0.64 correlation means they provide meaningful diversification when combined. ZPDJ.DE charges 0.12%/yr vs 0.03%/yr for SPY5.DE.
Performance
ZPDJ.DE vs. SPY5.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 SPY5.DE's 11.39% return. Over the past 10 years, ZPDJ.DE has underperformed SPY5.DE with an annualized return of 9.18%, while SPY5.DE has yielded a comparatively higher 15.13% 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%
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
ZPDJ.DE vs. SPY5.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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between ZPDJ.DE and SPY5.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.64 |
The correlation between ZPDJ.DE and SPY5.DE shifts across timeframes, from 0.52 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDJ.DE vs. SPY5.DE — Risk / Return Rank
ZPDJ.DE
SPY5.DE
ZPDJ.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and SPDR S&P 500 UCITS ETF (SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.57 | -0.51 |
| Martin ratioReturn relative to average drawdown | 9.86 | 12.77 | -2.91 |
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 | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.22 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.96 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.93 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.97 | -0.53 |
Drawdowns
ZPDJ.DE vs. SPY5.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, smaller than the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and SPY5.DE.
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Drawdown Indicators
| ZPDJ.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -33.86% | +5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -7.15% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -23.34% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -23.34% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | -33.86% | +5.80% |
Current DrawdownCurrent decline from peak | -0.45% | -0.44% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -3.95% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.00% | +1.10% |
Volatility
ZPDJ.DE vs. SPY5.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a higher volatility of 3.60% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.66%. This indicates that ZPDJ.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.66% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 7.54% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 11.51% | +7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 15.18% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 16.07% | +0.33% |
ZPDJ.DE vs. SPY5.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio. However, 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. SPY5.DE - Dividend Comparison
ZPDJ.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
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 SPY5.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.12% for ZPDJ.DE.
ZPDJ.DE is categorized as Japan Equities, while SPY5.DE is S&P 500. ZPDJ.DE tracks MSCI Japan, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.12% for ZPDJ.DE and 0.03% for SPY5.DE.
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