ZPDW.DE vs. VJPA.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and VJPA.DE (Vanguard FTSE Japan UCITS ETF Accumulating) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while VJPA.DE tracks the FTSE Japan. Both are passively managed. Over the past 5 years, ZPDW.DE returned 19.19%/yr vs 9.39%/yr for VJPA.DE. Their correlation of 0.84 suggests significant overlap in exposure. ZPDW.DE charges 0.17%/yr vs 0.15%/yr for VJPA.DE.
Performance
ZPDW.DE vs. VJPA.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 VJPA.DE's 14.46% 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%
VJPA.DE
- 1D
- -2.45%
- 1M
- -4.05%
- 6M
- 7.48%
- YTD
- 14.46%
- 1Y
- 31.42%
- 3Y*
- 15.40%
- 5Y*
- 9.39%
- 10Y*
- —
ZPDW.DE vs. VJPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 7.45% |
VJPA.DE Vanguard FTSE Japan UCITS ETF Accumulating | 14.46% | 13.28% | 13.06% | 15.84% | -11.43% | 9.42% | 4.85% | -6.04% |
Correlation
The correlation between ZPDW.DE and VJPA.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.84 |
The correlation between ZPDW.DE and VJPA.DE shifts across timeframes, from 0.81 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDW.DE vs. VJPA.DE — Risk / Return Rank
ZPDW.DE
VJPA.DE
ZPDW.DE vs. VJPA.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 Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.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 | VJPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.18 | +1.35 |
| Martin ratioReturn relative to average drawdown | 14.78 | 10.50 | +4.28 |
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Drawdowns
ZPDW.DE vs. VJPA.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, which is greater than VJPA.DE's maximum drawdown of -30.84%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and VJPA.DE.
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Drawdown Indicators
| ZPDW.DE | VJPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -30.84% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.84% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -16.01% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -18.90% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -6.33% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -6.49% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.99% | -0.03% |
Volatility
ZPDW.DE vs. VJPA.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a higher volatility of 6.94% compared to Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.DE) at 6.30%. This indicates that ZPDW.DE's price experiences larger fluctuations and is considered to be riskier than VJPA.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 | VJPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 6.30% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 15.82% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 19.19% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 16.40% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 17.94% | +0.51% |
ZPDW.DE vs. VJPA.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is higher than VJPA.DE's 0.15% 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. VJPA.DE - Dividend Comparison
Neither ZPDW.DE nor VJPA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ZPDW.DE and VJPA.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, VJPA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPA.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for ZPDW.DE.
ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while VJPA.DE tracks FTSE Japan. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.17% for ZPDW.DE and 0.15% for VJPA.DE.
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