ZPDW.DE vs. 3JPN.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both Japan Equities funds. ZPDW.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, ZPDW.DE returned 26.19%/yr vs 22.39%/yr for 3JPN.DE. Their correlation of 0.80 suggests significant overlap in exposure. ZPDW.DE charges 0.17%/yr vs 0.75%/yr for 3JPN.DE.
Performance
ZPDW.DE vs. 3JPN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDW.DE achieves a 21.38% return, which is significantly lower than 3JPN.DE's 36.71% return.
ZPDW.DE
- 1D
- 1.19%
- 1M
- 1.95%
- 6M
- 21.11%
- YTD
- 21.38%
- 1Y
- 48.83%
- 3Y*
- 26.19%
- 5Y*
- 19.84%
- 10Y*
- 15.28%
3JPN.DE
- 1D
- 0.00%
- 1M
- -1.35%
- 6M
- 36.87%
- YTD
- 36.71%
- 1Y
- 68.24%
- 3Y*
- 22.39%
- 5Y*
- —
- 10Y*
- —
ZPDW.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 21.38% | 27.50% | 22.78% | 33.59% | -4.85% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 36.71% | 27.74% | 0.10% | 34.83% | -6.43% |
Correlation
The correlation between ZPDW.DE and 3JPN.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.80 |
The correlation between ZPDW.DE and 3JPN.DE has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
ZPDW.DE vs. 3JPN.DE — Risk / Return Rank
ZPDW.DE
3JPN.DE
ZPDW.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.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.
| ZPDW.DE | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.23 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 1.98 | +3.06 |
| Martin ratioReturn relative to average drawdown | 16.98 | 5.57 | +11.41 |
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Drawdowns
ZPDW.DE vs. 3JPN.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and 3JPN.DE.
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Drawdown Indicators
| ZPDW.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -51.65% | +17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -34.71% | +25.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -51.65% | +29.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -11.04% | +8.28% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -14.66% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 12.31% | -9.44% |
Volatility
ZPDW.DE vs. 3JPN.DE - Volatility Comparison
The current volatility for State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) is 6.74%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 19.49%. This indicates that ZPDW.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDW.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 19.49% | -12.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 51.50% | -35.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 62.39% | -42.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 53.10% | -34.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 53.10% | -34.61% |
ZPDW.DE vs. 3JPN.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
ZPDW.DE vs. 3JPN.DE - Dividend Comparison
Neither ZPDW.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDW.DE and 3JPN.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDW.DE is cheaper with a 0.17% expense ratio, compared with 0.75% for 3JPN.DE.
They also come from different issuers: State Street and Leverage Shares. Their fees differ too: 0.17% for ZPDW.DE and 0.75% for 3JPN.DE.
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