ZPDJ.DE vs. SPYW.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - ZPDJ.DE is a Japan Equities fund tracking the MSCI Japan, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, ZPDJ.DE returned 9.18%/yr vs 6.79%/yr for SPYW.DE. A 0.55 correlation means they provide meaningful diversification when combined. ZPDJ.DE charges 0.12%/yr vs 0.30%/yr for SPYW.DE.
Performance
ZPDJ.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, ZPDJ.DE has outperformed SPYW.DE with an annualized return of 9.18%, while SPYW.DE has yielded a comparatively lower 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
ZPDJ.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between ZPDJ.DE and SPYW.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.55 |
The correlation between ZPDJ.DE and SPYW.DE has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. SPYW.DE — Risk / Return Rank
ZPDJ.DE
SPYW.DE
ZPDJ.DE vs. SPYW.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 Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.98 | +2.08 |
| Martin ratioReturn relative to average drawdown | 9.86 | 3.14 | +6.72 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.74 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.60 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.45 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.53 | -0.09 |
Drawdowns
ZPDJ.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and SPYW.DE.
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Drawdown Indicators
| ZPDJ.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -38.68% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -7.99% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -11.64% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -23.97% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | -38.68% | +10.62% |
Current DrawdownCurrent decline from peak | -0.45% | -2.54% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -5.62% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.50% | +0.60% |
Volatility
ZPDJ.DE vs. SPYW.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a higher volatility of 3.60% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that ZPDJ.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.92% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 8.76% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 10.65% | +7.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 13.27% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 14.88% | +1.52% |
ZPDJ.DE vs. SPYW.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
ZPDJ.DE vs. SPYW.DE - Dividend Comparison
ZPDJ.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.51, 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 0.30% for SPYW.DE.
ZPDJ.DE is categorized as Japan Equities, while SPYW.DE is Europe Equities. ZPDJ.DE tracks MSCI Japan, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.12% for ZPDJ.DE and 0.30% for SPYW.DE.
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