ZPDW.DE vs. JSRI.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and JSRI.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while JSRI.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, ZPDW.DE returned 19.84%/yr vs 2.80%/yr for JSRI.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPDW.DE charges 0.17%/yr vs 0.25%/yr for JSRI.DE.
Performance
ZPDW.DE vs. JSRI.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 higher than JSRI.DE's 14.44% 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%
JSRI.DE
- 1D
- 1.11%
- 1M
- 6.33%
- 6M
- 14.29%
- YTD
- 14.44%
- 1Y
- 20.94%
- 3Y*
- 6.31%
- 5Y*
- 2.80%
- 10Y*
- —
ZPDW.DE vs. JSRI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 21.38% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 7.91% | 16.59% | -12.52% |
JSRI.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis | 14.44% | 3.78% | 1.17% | 8.14% | -16.21% | 6.00% | 9.70% | 26.13% | -8.20% |
Correlation
The correlation between ZPDW.DE and JSRI.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.77 |
The correlation between ZPDW.DE and JSRI.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
ZPDW.DE vs. JSRI.DE — Risk / Return Rank
ZPDW.DE
JSRI.DE
ZPDW.DE vs. JSRI.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 BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis (JSRI.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 | JSRI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.22 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 2.01 | +3.03 |
| Martin ratioReturn relative to average drawdown | 16.98 | 6.03 | +10.95 |
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Drawdowns
ZPDW.DE vs. JSRI.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, which is greater than JSRI.DE's maximum drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and JSRI.DE.
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Drawdown Indicators
| ZPDW.DE | JSRI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -26.30% | -8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -10.39% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -15.39% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -24.07% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | 0.00% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -9.93% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.45% | -0.58% |
Volatility
ZPDW.DE vs. JSRI.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a higher volatility of 6.74% compared to BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis (JSRI.DE) at 4.88%. This indicates that ZPDW.DE's price experiences larger fluctuations and is considered to be riskier than JSRI.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 | JSRI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 4.88% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 14.15% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 17.81% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 15.85% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 16.73% | +1.76% |
ZPDW.DE vs. JSRI.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is lower than JSRI.DE's 0.25% 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. JSRI.DE - Dividend Comparison
ZPDW.DE has not paid dividends to shareholders, while JSRI.DE's dividend yield for the trailing twelve months is around 2.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JSRI.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Dis | 2.28% | 1.91% | 1.85% | 2.21% | 2.87% | 1.70% | 2.06% | 2.03% |
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% |
Frequently Asked Questions
ZPDW.DE and JSRI.DE have a correlation of 0.78, 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 0.25% for JSRI.DE.
ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while JSRI.DE tracks MSCI Japan SRI S-Series PAB 5% Capped. They also come from different issuers: State Street and BNP Paribas. Their fees differ too: 0.17% for ZPDW.DE and 0.25% for JSRI.DE.
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