ZPDJ.DE vs. TTPX.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) are both Japan Equities funds - ZPDJ.DE tracks the MSCI Japan while TTPX.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, ZPDJ.DE returned 8.58%/yr vs 13.40%/yr for TTPX.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPDJ.DE charges 0.12%/yr vs 0.48%/yr for TTPX.DE.
Performance
ZPDJ.DE vs. TTPX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDJ.DE achieves a 14.95% return, which is significantly lower than TTPX.DE's 16.32% return. Over the past 10 years, ZPDJ.DE has underperformed TTPX.DE with an annualized return of 8.58%, while TTPX.DE has yielded a comparatively higher 13.40% annualized return.
ZPDJ.DE
- 1D
- -2.40%
- 1M
- -3.79%
- 6M
- 7.97%
- YTD
- 14.95%
- 1Y
- 32.29%
- 3Y*
- 15.49%
- 5Y*
- 9.50%
- 10Y*
- 8.58%
TTPX.DE
- 1D
- -2.26%
- 1M
- -2.69%
- 6M
- 9.26%
- YTD
- 16.32%
- 1Y
- 41.95%
- 3Y*
- 24.66%
- 5Y*
- 18.70%
- 10Y*
- 13.40%
ZPDJ.DE vs. TTPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 14.95% | 12.53% | 13.75% | 16.51% | -12.51% | 9.95% | 5.17% | 21.82% | -9.81% | 9.06% |
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 16.32% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
Correlation
The correlation between ZPDJ.DE and TTPX.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2015 | 0.83 |
The correlation between ZPDJ.DE and TTPX.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. TTPX.DE — Risk / Return Rank
ZPDJ.DE
TTPX.DE
ZPDJ.DE vs. TTPX.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 Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPDJ.DE | TTPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 4.26 | -1.22 |
| Martin ratioReturn relative to average drawdown | 10.13 | 14.65 | -4.52 |
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Drawdowns
ZPDJ.DE vs. TTPX.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.05%, smaller than the maximum TTPX.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and TTPX.DE.
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Drawdown Indicators
| ZPDJ.DE | TTPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.05% | -36.52% | +8.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -9.80% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -20.65% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.08% | -20.65% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -36.52% | +8.47% |
Current DrawdownCurrent decline from peak | -6.67% | -4.33% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -7.80% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.86% | +0.32% |
Volatility
ZPDJ.DE vs. TTPX.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a higher volatility of 7.22% compared to Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) at 6.03%. This indicates that ZPDJ.DE's price experiences larger fluctuations and is considered to be riskier than TTPX.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 | TTPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 6.03% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 15.54% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 19.47% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 18.09% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 18.15% | -1.58% |
ZPDJ.DE vs. TTPX.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than TTPX.DE's 0.48% expense ratio.
Dividends
ZPDJ.DE vs. TTPX.DE - Dividend Comparison
Neither ZPDJ.DE nor TTPX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDJ.DE and TTPX.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 0.48% for TTPX.DE.
ZPDJ.DE tracks MSCI Japan, while TTPX.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: State Street and Amundi. Their fees differ too: 0.12% for ZPDJ.DE and 0.48% for TTPX.DE.
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