ZPDW.DE vs. LYY4.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and LYY4.DE (Amundi Japan TOPIX II UCITS ETF EUR Dist) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while LYY4.DE tracks the TOPIX®. Both are passively managed. Over the past 10 years, ZPDW.DE returned 15.28%/yr vs 8.88%/yr for LYY4.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPDW.DE charges 0.17%/yr vs 0.45%/yr for LYY4.DE.
Performance
ZPDW.DE vs. LYY4.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 LYY4.DE's 18.72% return. Over the past 10 years, ZPDW.DE has outperformed LYY4.DE with an annualized return of 15.28%, while LYY4.DE has yielded a comparatively lower 8.88% annualized 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%
LYY4.DE
- 1D
- 0.66%
- 1M
- 2.87%
- 6M
- 18.88%
- YTD
- 18.72%
- 1Y
- 33.74%
- 3Y*
- 16.48%
- 5Y*
- 10.02%
- 10Y*
- 8.88%
ZPDW.DE vs. LYY4.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 | 21.38% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 7.91% | 16.59% | -16.65% | 19.02% |
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist | 18.72% | 13.10% | 12.42% | 15.45% | -11.19% | 8.61% | 3.15% | 20.96% | -11.07% | 10.82% |
Correlation
The correlation between ZPDW.DE and LYY4.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.83 |
The correlation between ZPDW.DE and LYY4.DE has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
ZPDW.DE vs. LYY4.DE — Risk / Return Rank
ZPDW.DE
LYY4.DE
ZPDW.DE vs. LYY4.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 Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.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 | LYY4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 3.49 | +1.54 |
| Martin ratioReturn relative to average drawdown | 16.98 | 11.65 | +5.33 |
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Drawdowns
ZPDW.DE vs. LYY4.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, smaller than the maximum LYY4.DE drawdown of -54.07%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and LYY4.DE.
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Drawdown Indicators
| ZPDW.DE | LYY4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -54.07% | +19.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.61% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -15.82% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -19.34% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | -28.62% | -5.75% |
Current DrawdownCurrent decline from peak | -2.76% | -1.33% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -14.30% | +6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.88% | -0.01% |
Volatility
ZPDW.DE vs. LYY4.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a higher volatility of 6.74% compared to Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.DE) at 5.32%. This indicates that ZPDW.DE's price experiences larger fluctuations and is considered to be riskier than LYY4.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 | LYY4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 5.32% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 14.77% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 18.13% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 16.22% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 16.23% | +2.26% |
ZPDW.DE vs. LYY4.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is lower than LYY4.DE's 0.45% expense ratio.
Dividends
ZPDW.DE vs. LYY4.DE - Dividend Comparison
ZPDW.DE has not paid dividends to shareholders, while LYY4.DE's dividend yield for the trailing twelve months is around 0.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist | 0.60% | 0.71% | 0.74% | 1.24% | 1.89% | 1.34% | 1.14% | 1.94% | 1.86% | 1.44% | 1.98% | 1.80% |
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% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, ZPDW.DE and LYY4.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.45% for LYY4.DE.
ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while LYY4.DE tracks TOPIX®. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.17% for ZPDW.DE and 0.45% for LYY4.DE.
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