ZPDJ.DE vs. ZPRX.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPDJ.DE is a Japan Equities fund tracking the MSCI Japan, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, ZPDJ.DE returned 9.18%/yr vs 8.15%/yr for ZPRX.DE. A 0.56 correlation means they provide meaningful diversification when combined. ZPDJ.DE charges 0.12%/yr vs 0.30%/yr for ZPRX.DE.
Performance
ZPDJ.DE vs. ZPRX.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 ZPRX.DE's 7.81% return. Over the past 10 years, ZPDJ.DE has outperformed ZPRX.DE with an annualized return of 9.18%, while ZPRX.DE has yielded a comparatively lower 8.15% 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%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
ZPDJ.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between ZPDJ.DE and ZPRX.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.56 |
The correlation between ZPDJ.DE and ZPRX.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. ZPRX.DE — Risk / Return Rank
ZPDJ.DE
ZPRX.DE
ZPDJ.DE vs. ZPRX.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 MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.47 | +1.59 |
| Martin ratioReturn relative to average drawdown | 9.86 | 5.42 | +4.44 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.23 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.46 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.45 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.04 |
Drawdowns
ZPDJ.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and ZPRX.DE.
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Drawdown Indicators
| ZPDJ.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -43.93% | +15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -11.63% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -15.95% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -27.52% | +8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | -43.93% | +15.87% |
Current DrawdownCurrent decline from peak | -0.45% | -1.51% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -7.71% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.16% | -0.06% |
Volatility
ZPDJ.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR MSCI Japan UCITS ETF (ZPDJ.DE) is 3.60%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that ZPDJ.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.17% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 11.30% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 13.94% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 16.69% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 18.14% | -1.74% |
ZPDJ.DE vs. ZPRX.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
ZPDJ.DE vs. ZPRX.DE - Dividend Comparison
Neither ZPDJ.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDJ.DE and ZPRX.DE have a correlation of 0.59, 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 ZPRX.DE.
ZPDJ.DE is categorized as Japan Equities, while ZPRX.DE is Europe Equities. ZPDJ.DE tracks MSCI Japan, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.12% for ZPDJ.DE and 0.30% for ZPRX.DE.
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