ZPDW.DE vs. AW15.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and AW15.DE (UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while AW15.DE tracks the MSCI Japan Climate Paris Aligned. Both are passively managed. Over the past 5 years, ZPDW.DE returned 19.19%/yr vs 3.02%/yr for AW15.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPDW.DE charges 0.17%/yr vs 0.12%/yr for AW15.DE.
Performance
ZPDW.DE vs. AW15.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDW.DE achieves a 16.76% return, which is significantly higher than AW15.DE's 8.89% return.
ZPDW.DE
- 1D
- -2.48%
- 1M
- -4.34%
- 6M
- 9.40%
- YTD
- 16.76%
- 1Y
- 43.91%
- 3Y*
- 25.04%
- 5Y*
- 19.19%
- 10Y*
- 14.04%
AW15.DE
- 1D
- 0.00%
- 1M
- -2.90%
- 6M
- 4.49%
- YTD
- 8.89%
- 1Y
- 23.32%
- 3Y*
- 8.58%
- 5Y*
- 3.02%
- 10Y*
- —
ZPDW.DE vs. AW15.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 16.76% | 27.50% | 22.78% | 33.59% | -5.96% | 5.95% |
AW15.DE UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc | 8.89% | 10.45% | 2.67% | 12.34% | -19.88% | -99.19% |
Correlation
The correlation between ZPDW.DE and AW15.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2021 | 0.77 |
The correlation between ZPDW.DE and AW15.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
ZPDW.DE vs. AW15.DE — Risk / Return Rank
ZPDW.DE
AW15.DE
ZPDW.DE vs. AW15.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 UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc (AW15.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 | AW15.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.04 | +2.49 |
| Martin ratioReturn relative to average drawdown | 14.78 | 6.50 | +8.28 |
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Drawdowns
ZPDW.DE vs. AW15.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, smaller than the maximum AW15.DE drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and AW15.DE.
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Drawdown Indicators
| ZPDW.DE | AW15.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -99.41% | +65.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -11.48% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -17.61% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -27.14% | +5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -99.14% | +92.67% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -98.27% | +90.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.60% | -0.64% |
Volatility
ZPDW.DE vs. AW15.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) and UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc (AW15.DE) have volatilities of 6.94% and 7.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDW.DE | AW15.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 7.16% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 16.57% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 20.85% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 16.80% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 45.82% | -27.37% |
ZPDW.DE vs. AW15.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is higher than AW15.DE's 0.12% 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
ZPDW.DE vs. AW15.DE - Dividend Comparison
Neither ZPDW.DE nor AW15.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDW.DE and AW15.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW15.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW15.DE is cheaper with a 0.12% expense ratio, compared with 0.17% for ZPDW.DE.
ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while AW15.DE tracks MSCI Japan Climate Paris Aligned. They also come from different issuers: State Street and UBS. Their fees differ too: 0.17% for ZPDW.DE and 0.12% for AW15.DE.
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