ZPDJ.DE vs. XDJP.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and XDJP.DE (Xtrackers Nikkei 225 UCITS ETF 1D) are both Japan Equities funds - ZPDJ.DE tracks the MSCI Japan while XDJP.DE tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, ZPDJ.DE returned 9.18%/yr vs 12.04%/yr for XDJP.DE. Their correlation of 0.93 suggests significant overlap in exposure. ZPDJ.DE charges 0.12%/yr vs 0.09%/yr for XDJP.DE.
Performance
ZPDJ.DE vs. XDJP.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 lower than XDJP.DE's 32.10% return. Over the past 10 years, ZPDJ.DE has underperformed XDJP.DE with an annualized return of 9.18%, while XDJP.DE has yielded a comparatively higher 12.04% 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%
XDJP.DE
- 1D
- -1.43%
- 1M
- 10.57%
- YTD
- 32.10%
- 6M
- 30.18%
- 1Y
- 59.80%
- 3Y*
- 20.79%
- 5Y*
- 12.43%
- 10Y*
- 12.04%
ZPDJ.DE vs. XDJP.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% |
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 32.10% | 16.25% | 14.44% | 18.02% | -15.30% | 3.32% | 14.02% | 24.82% | -4.99% | 10.59% |
Correlation
The correlation between ZPDJ.DE and XDJP.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.93 |
The correlation between ZPDJ.DE and XDJP.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. XDJP.DE — Risk / Return Rank
ZPDJ.DE
XDJP.DE
ZPDJ.DE vs. XDJP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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 | XDJP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 4.63 | -1.57 |
| Martin ratioReturn relative to average drawdown | 9.86 | 13.98 | -4.12 |
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 | XDJP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.53 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.66 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.67 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.66 | -0.22 |
Drawdowns
ZPDJ.DE vs. XDJP.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, roughly equal to the maximum XDJP.DE drawdown of -29.12%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and XDJP.DE.
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Drawdown Indicators
| ZPDJ.DE | XDJP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -29.12% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -12.86% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -20.18% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -21.15% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | -29.12% | +1.06% |
Current DrawdownCurrent decline from peak | -0.45% | -1.43% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -6.85% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 4.26% | -1.16% |
Volatility
ZPDJ.DE vs. XDJP.DE - Volatility Comparison
The current volatility for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) is 3.60%, while Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.DE) has a volatility of 6.62%. This indicates that ZPDJ.DE experiences smaller price fluctuations and is considered to be less risky than XDJP.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 | XDJP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 6.62% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 18.57% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 23.54% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 18.59% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 17.76% | -1.36% |
ZPDJ.DE vs. XDJP.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is higher than XDJP.DE's 0.09% 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. XDJP.DE - Dividend Comparison
ZPDJ.DE has not paid dividends to shareholders, while XDJP.DE's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 1.03% | 1.36% | 1.38% | 1.59% | 2.60% | 1.16% | 1.14% | 1.11% | 1.28% | 0.75% | 0.89% | 0.16% |
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 XDJP.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDJP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDJP.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for ZPDJ.DE.
ZPDJ.DE tracks MSCI Japan, while XDJP.DE tracks TOPIX TR JPY. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.12% for ZPDJ.DE and 0.09% for XDJP.DE.
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