ZPDW.DE vs. UIM5.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and UIM5.DE (UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while UIM5.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, ZPDW.DE returned 14.04%/yr vs 8.60%/yr for UIM5.DE. Their correlation of 0.84 suggests significant overlap in exposure. ZPDW.DE charges 0.17%/yr vs 0.12%/yr for UIM5.DE.
Performance
ZPDW.DE vs. UIM5.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 UIM5.DE's 14.71% return. Over the past 10 years, ZPDW.DE has outperformed UIM5.DE with an annualized return of 14.04%, while UIM5.DE has yielded a comparatively lower 8.60% 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%
UIM5.DE
- 1D
- -2.58%
- 1M
- -4.54%
- 6M
- 7.46%
- YTD
- 14.71%
- 1Y
- 32.05%
- 3Y*
- 15.45%
- 5Y*
- 9.49%
- 10Y*
- 8.60%
ZPDW.DE vs. UIM5.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% |
UIM5.DE UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis | 14.71% | 12.70% | 13.65% | 16.46% | -12.42% | 10.03% | 5.15% | 22.28% | -9.98% | 9.08% |
Correlation
The correlation between ZPDW.DE and UIM5.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.84 |
The correlation between ZPDW.DE and UIM5.DE shifts across timeframes, from 0.82 (5 years) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDW.DE vs. UIM5.DE — Risk / Return Rank
ZPDW.DE
UIM5.DE
ZPDW.DE vs. UIM5.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 UCITS ETF (JPY) A-dis (UIM5.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 | UIM5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.16 | +1.37 |
| Martin ratioReturn relative to average drawdown | 14.78 | 10.02 | +4.76 |
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Drawdowns
ZPDW.DE vs. UIM5.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, smaller than the maximum UIM5.DE drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and UIM5.DE.
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Drawdown Indicators
| ZPDW.DE | UIM5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -99.65% | +65.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -10.09% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -16.89% | -4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -19.01% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | -28.09% | -6.28% |
Current DrawdownCurrent decline from peak | -6.47% | -98.25% | +91.78% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -94.91% | +87.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.19% | -0.23% |
Volatility
ZPDW.DE vs. UIM5.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) and UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis (UIM5.DE) have volatilities of 6.94% and 6.62%, 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 | UIM5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 6.62% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 16.42% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 19.97% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 16.90% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.50% | +1.95% |
ZPDW.DE vs. UIM5.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is higher than UIM5.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. UIM5.DE - Dividend Comparison
ZPDW.DE has not paid dividends to shareholders, while UIM5.DE's dividend yield for the trailing twelve months is around 1.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UIM5.DE UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis | 1.61% | 1.71% | 1.67% | 1.80% | 2.11% | 1.52% | 1.66% | 1.65% | 1.58% | 1.32% | 1.54% | 1.20% |
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 0.94, ZPDW.DE and UIM5.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, UIM5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIM5.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 UIM5.DE tracks MSCI Japan. They also come from different issuers: State Street and UBS. Their fees differ too: 0.17% for ZPDW.DE and 0.12% for UIM5.DE.
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