ZPDW.DE vs. FRCJ.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and FRCJ.DE (UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while FRCJ.DE tracks the MSCI Japan SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, ZPDW.DE returned 14.04%/yr vs 7.46%/yr for FRCJ.DE. A 0.74 correlation means they provide meaningful diversification when combined. ZPDW.DE charges 0.17%/yr vs 0.19%/yr for FRCJ.DE.
Performance
ZPDW.DE vs. FRCJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPDW.DE achieves a 16.76% return, which is significantly higher than FRCJ.DE's 14.45% return. Over the past 10 years, ZPDW.DE has outperformed FRCJ.DE with an annualized return of 14.04%, while FRCJ.DE has yielded a comparatively lower 7.46% annualized 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%
FRCJ.DE
- 1D
- -1.70%
- 1M
- -0.10%
- 6M
- 9.26%
- YTD
- 14.45%
- 1Y
- 31.28%
- 3Y*
- 14.23%
- 5Y*
- 7.44%
- 10Y*
- 7.46%
ZPDW.DE vs. FRCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 16.76% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 7.91% | 16.59% | -16.65% | 19.02% |
FRCJ.DE UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis | 14.45% | 13.40% | 13.07% | 10.16% | -14.97% | 4.12% | 9.94% | 28.93% | -12.80% | 8.84% |
Correlation
The correlation between ZPDW.DE and FRCJ.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 | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.74 |
The correlation between ZPDW.DE and FRCJ.DE shifts across timeframes, from 0.73 (10 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPDW.DE vs. FRCJ.DE — Risk / Return Rank
ZPDW.DE
FRCJ.DE
ZPDW.DE vs. FRCJ.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 (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (FRCJ.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 | FRCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.98 | +1.55 |
| Martin ratioReturn relative to average drawdown | 14.78 | 10.14 | +4.65 |
Loading charts...
Drawdowns
ZPDW.DE vs. FRCJ.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, which is greater than FRCJ.DE's maximum drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and FRCJ.DE.
Loading charts...
Drawdown Indicators
| ZPDW.DE | FRCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -26.67% | -7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -10.45% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -16.98% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -22.04% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | -26.67% | -7.70% |
Current DrawdownCurrent decline from peak | -6.47% | -3.88% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -7.17% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.08% | -0.12% |
Volatility
ZPDW.DE vs. FRCJ.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a higher volatility of 6.94% compared to UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (FRCJ.DE) at 5.95%. This indicates that ZPDW.DE's price experiences larger fluctuations and is considered to be riskier than FRCJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPDW.DE | FRCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 5.95% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 15.35% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 19.07% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 16.57% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.50% | +1.95% |
ZPDW.DE vs. FRCJ.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is lower than FRCJ.DE's 0.19% expense ratio. Despite the difference, 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. FRCJ.DE - Dividend Comparison
ZPDW.DE has not paid dividends to shareholders, while FRCJ.DE's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FRCJ.DE UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis | 1.00% | 1.78% | 1.62% | 1.59% | 1.82% | 1.31% | 1.40% | 1.44% | 1.61% | 1.43% | 1.26% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 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
ZPDW.DE and FRCJ.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, 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 0.19% for FRCJ.DE.
ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while FRCJ.DE tracks MSCI Japan SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: State Street and UBS. Their fees differ too: 0.17% for ZPDW.DE and 0.19% for FRCJ.DE.
Find the right allocation for ZPDW.DE and FRCJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer