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State Street® SPDR® MSCI Japan EUR Hdg UCITS ETF

SPDR · IE00BZ0G8C04

State Street® SPDR® MSCI Japan EUR Hdg UCITS ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker ZPDW (ISIN IE00BZ0G8C04). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about owning small slices of companies, so you share in their…

· Tracks the MSCI Japan 100% Hedged to EUR Index index ?

Equity ?Accumulating ?Physical ?Ireland ?

Low yearly feeReinvests dividendsOwns the shares directlyJapan

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SPDR funds Domiciled in Ireland Accumulating Physically replicated Japan stocks Yearly fee under 0.25%

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Fund size (AUM) ?

€0

Risk level (SRI) ?

4 / 7 · Medium

1-year return ?

+30.7%

Price Return · to 2026-10-09

Yearly fee (TER) ?

0.17%

All-in cost ≈ 0.17%

About this fund

What you own

The MSCI Japan 100% Hedged to EUR Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 167 companies across Japan in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.17%Yearly fee (TER)

0.17%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

MSCI Japan 100% Hedged to EUR Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Nov 2015

11-year track record

Recommended holding period

5 years

Performance

Growth of $100 invested — both lines start at $100.

State Street® SPDR® MSCI Japan EUR Hdg UCITS ETF Average MSCI Japan 100% Hedged to EUR Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+23.6%

1 year+30.7%

3 years+26.1%

5 years+20.0%

Return, year by year

-6.0

+33.6

+22.8

+27.5

'22'23'24'25

3 of 4 up yearsBest: 2023 +33.6%Worst: 2022 -6.0%Calendar-year total returns, in USD

How bumpy has it been?

20.4%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-21.7%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

1.29

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

+152.2%

Since inception

Total growth since launch — about +19.2% a year.

+66.3%

Best 12 months

The strongest one-year stretch on record.

-12.1%

Worst 12 months

The weakest one-year stretch on record.

-21.7%

Worst fall on record ?

It clawed back in about 12 months.

What's inside

By sector ?

Industrials23.3%

Technology21.0%

Financials18.2%

Consumer Discretionary14.4%

Communication Services6.5%

Health Care5.3%

Materials4.0%

Consumer Staples3.6%

Other / not shown3.6%

The 10 biggest holdings make up 30.0% of the fund — the rest is spread across roughly 157 more companies.

Top 10 holdings

#	Company	Weight
1	Mitsubishi UFJ Financial Group Inc.	4.7%
2	Toyota Motor Corp.	3.5%
3	Sumitomo Mitsui Financial Group Inc.	3.0%
4	Hitachi Ltd.	2.9%
5	SoftBank Group Corp.	2.8%
6	Recruit Holdings Co. Ltd.	2.8%
7	Tokyo Electron Ltd.	2.7%
8	Advantest Corp.	2.7%
9	Sony Group Corporation	2.6%
10	Mizuho Financial Group Inc.	2.4%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
Frankfurt	ZPDW	EUR	★ Primary
USD listings
B2	ZPDW	USD
E1	ZPDWEUR	USD
EO	ZPDWEUR	USD
EP	ZPDWEUR	USD
EU	ZPDWEUR	USD
EZ	ZPDWEUR	USD
GD	ZPDW	USD
GT	ZPDW	USD
GZ	ZPDW	USD
L1	JPEHM	USD
L3	JPEHM	USD
LA	ZPDW	USD
London Stock Exchange	ZPDW	USD
LU	ZPDW	USD
PO	JPEHM	USD
QT	ZPDW	USD
T2	JPEH	USD
TH	ZPDW	USD
X9	ZPDWEUR	USD
XA	ZPDWEUR	USD
XE	ZPDWEUR	USD
XF	ZPDWEUR	USD
XG	ZPDWEUR	USD
XH	ZPDWEUR	USD
XJ	ZPDWEUR	USD
XL	ZPDWEUR	USD
XO	ZPDWEUR	USD
XS	ZPDWEUR	USD
XT	ZPDWEUR	USD
XU	ZPDWEUR	USD
XV	ZPDWEUR	USD
XW	ZPDWEUR	USD
XX	ZPDWEUR	USD

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-10-09 · the fund's own published holdings.

#	Company	Weight
1	Mitsubishi UFJ Financial Group Inc.	4.7%
2	Toyota Motor Corp.	3.5%
3	Sumitomo Mitsui Financial Group Inc.	3.0%
4	Hitachi Ltd.	2.9%
5	SoftBank Group Corp.	2.8%
6	Recruit Holdings Co. Ltd.	2.8%
7	Tokyo Electron Ltd.	2.7%
8	Advantest Corp.	2.7%
9	Sony Group Corporation	2.6%
10	Mizuho Financial Group Inc.	2.4%
11	Kioxia Holdings Corporation	2.3%
12	Mitsubishi Corporation	1.8%
13	Tokio Marine Holdings Inc.	1.8%
14	Keyence Corporation	1.7%
15	Itochu Corporation	1.6%
16	Mitsubishi Heavy Industries Ltd.	1.5%
17	Mitsui & Co.Ltd	1.5%
18	FAST RETAILING CO. LTD.	1.5%
19	Murata Manufacturing Co. Ltd.	1.4%
20	Panasonic Holdings Corporation	1.2%
21	Mitsubishi Electric Corp.	1.2%
22	Takeda Pharmaceutical Co. Ltd.	1.1%
23	Shin-Etsu Chemical Co. Ltd.	1.1%
24	Nintendo Co. Ltd.	1.1%
25	KDDI Corporation	1.1%
26	HOYA CORPORATION	0.9%
27	Japan Tobacco Inc.	0.9%
28	Sumitomo Corporation	0.9%
29	Fujikura Ltd	0.9%
30	SoftBank Corp.	0.9%
31	ORIX Corporation	0.8%
32	Fujitsu Limited	0.8%
33	Marubeni Corporation	0.8%
34	Daiichi Life Group. Inc.	0.8%
35	Honda Motor Co. Ltd.	0.7%
36	MS&AD Insurance Group Holdings Inc.	0.7%
37	Komatsu Ltd.	0.7%
38	NEC Corporation	0.7%
39	Japan Post Bank Co. Ltd.	0.7%
40	Sumitomo Electric Industries Ltd.	0.7%
41	Sompo HoldingsInc.	0.7%
42	Renesas Electronics Corporation	0.7%
43	Fanuc Corporation	0.7%
44	NTT Inc	0.6%
45	TDK Corporation	0.6%
46	Resona Holdings Inc.	0.6%
47	DAIKIN INDUSTRIES LTD.	0.6%
48	Daiichi Sankyo Company Limited	0.6%
49	Toyota Tsusho Corp.	0.6%
50	Otsuka Holdings Co. Ltd.	0.6%
51	Nomura Holdings Inc.	0.6%
52	Sumitomo Mitsui Trust Group Inc.	0.5%
53	Chugai Pharmaceutical Co. Ltd.	0.5%
54	Disco Corporation	0.5%
55	IBIDEN CO. LTD.	0.5%
56	Ajinomoto Co. Inc.	0.5%
57	Kyocera Corporation	0.5%
58	Bridgestone Corporation	0.5%
59	Astellas Pharma Inc.	0.5%
60	Mitsubishi Estate Company Limited	0.5%
61	Seven & I Holdings Co. Ltd.	0.5%
62	JAPAN POST HOLDINGS Co. Ltd.	0.5%
63	Mitsui Fudosan Co. Ltd.	0.5%
64	FUJIFILM Holdings Corp	0.4%
65	ENEOS Holdings Inc.	0.4%
66	Canon Inc.	0.4%
67	SMC Corporation	0.4%
68	NIPPON STEEL CORP.	0.4%
69	Inpex Corporation	0.4%
70	East Japan Railway Company	0.4%
71	Oriental Land Co. Ltd.	0.4%
72	Suzuki Motor Corp.	0.4%
73	Kao Corporation	0.4%
74	DENSO CORPORATION	0.4%
75	Terumo Corporation	0.4%
76	AEON Co. Ltd.	0.3%
77	Central Japan Railway Company	0.3%
78	Asics Corporation	0.3%
79	Bandai Namco Holdings Inc.	0.3%
80	Lasertec Corp.	0.3%
81	IHI Corporation	0.3%
82	Nippon Yusen Kabushiki Kaisha	0.3%
83	Kansai Electric Power Company Incorporated	0.3%
84	Daiwa House Industry Co. Ltd.	0.3%
85	Secom Co. Ltd.	0.3%
86	Kubota Corporation	0.3%
87	Furukawa Electric Co. Ltd.	0.3%
88	Resonac Holdings Corporation	0.3%
89	Mitsui O.S.K.LinesLtd.	0.3%
90	Asahi Group Holdings Ltd	0.3%
91	Shionogi & Co. Ltd.	0.3%
92	Nidec Corporation	0.3%
93	Daiwa Securities Group Inc.	0.3%
94	Nitto Denko Corp.	0.3%
95	Sumitomo Metal Mining Co. Ltd.	0.3%
96	Kirin Holdings Co. Ltd.	0.3%
97	T&D Holdings Inc.	0.3%
98	Japan Exchange Group Inc.	0.3%
99	Olympus Corp.	0.3%
100	KONAMI Group Corporation	0.2%
101	Ryohin Keikaku Co. Ltd.	0.2%
102	Asahi Kasei Corporation	0.2%
103	Chubu Electric Power CompanyIncorporated	0.2%
104	Kajima Corporation	0.2%
105	Sekisui House Ltd.	0.2%
106	Ebara Corporation	0.2%
107	Osaka Gas Co. Ltd.	0.2%
108	Obayashi Corporation	0.2%
109	Sumitomo Realty & Development Co. Ltd.	0.2%
110	SCREEN Holdings Co. Ltd	0.2%
111	Nomura Research InstituteLtd.	0.2%
112	TOKYO GAS Co. Ltd.	0.2%
113	JX Advanced Metals Corporation	0.2%
114	Kokusai Electric Corporation	0.2%
115	Kawasaki Heavy Industries Ltd.	0.2%
116	Yokohama Financial Group Inc.	0.2%
117	Taisei Corporation	0.2%
118	SBI Holdings Incorporated	0.2%
119	Fuji Electric Co. Ltd.	0.2%
120	Daifuku Co. Ltd.	0.2%
121	Toray Industries Inc.	0.2%
122	Yamaha Motor Co. Ltd.	0.2%
123	OBIC Co. Ltd.	0.2%
124	Chiba Bank Ltd.	0.2%
125	LY Corporation	0.2%
126	Mitsubishi Chemical Group Corporation	0.2%
127	Subaru Corporation	0.2%
128	Shiseido CompanyLimited	0.2%
129	Pan Pacific International Holdings Corporation	0.2%
130	Eisai Co. Ltd.	0.2%
131	Shimano Inc.	0.2%
132	Idemitsu Kosan Co. Ltd.	0.2%
133	Mitsubishi HC Capital Inc.	0.2%
134	Kawasaki Kisen Kaisha Ltd.	0.2%
135	West Japan Railway Company	0.2%
136	Capcom Co. Ltd.	0.1%
137	Nitori Holdings Co. Ltd.	0.1%
138	Kikkoman Corporation	0.1%
139	Isuzu Motors Limited	0.1%
140	Shimizu Corporation	0.1%
141	Makita Corporation	0.1%
142	Dai Nippon Printing Co. Ltd.	0.1%
143	Sanrio Co. Ltd.	0.1%
144	Mitsui Kinzoku Co. Ltd.	0.1%
145	MinebeaMitsumi Inc.	0.1%
146	Aisin Corporation	0.1%
147	Nippon Paint Holdings Co. Ltd.	0.1%
148	Yokogawa Electric Corp.	0.1%
149	AGC Inc.	0.1%
150	Rakuten Group Inc.	0.1%
151	Unicharm Corporation	0.1%
152	Hankyu Hanshin Holdings Inc.	0.1%
153	NEXON Co. Ltd.	0.1%
154	TOPPAN Holdings Inc.	0.1%
155	JAPAN POST INSURANCE Co. Ltd.	0.1%
156	Nippon Sanso Holdings Corporation	0.1%
157	Nippon Building Fund Inc.	0.1%
158	Daito Trust Construction Co. Ltd.	0.1%
159	Zensho Holdings Co. Ltd.	0.1%
160	Hulic Co. Ltd.	0.1%
161	Toho Co. Ltd.	0.1%
162	OTSUKA CORPORATION	0.1%
163	Nissan Motor Co. Ltd.	0.1%
164	Hikari Tsushin Inc.	0.1%
165	Kyowa Kirin Co. Ltd.	0.1%
166	Suntory Beverage & Food Ltd.	0.1%
167	ANA Holdings Inc.	0.1%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 45% of similar ETFs💰 All-in cost cheaper than 56%📈 Higher 1-yr return than 58%📈 Higher 3-yr return than 89%📈 Higher 5-yr return than 96%📊 Beat its category by 1.0% (1-yr) (category average +29.7%)📊 Beat its category by 5.7% (3-yr) (category average +20.5%)📊 Beat its category by 7.2% (5-yr) (category average +12.9%)

Versus the Equity (stocks) · Japan · EUR ETFs we track.

Advanced risk

1.88

Sortino (3y) ?

1.21

Calmar (3y) ?

13.4%

Downside deviation ?

83%

Up months (hit rate) ?

$114.48

52-week high ?

$82.43

52-week low ?

Concentration depth

~66 ?

Effective number of holdings

Roughly 167 companies are held, but the largest names carry most of the weight — so it behaves like ~66 equal-sized positions.

Tilt vs a world tracker

Japan+94.1

United States-72.1

Industrials+11.7

Technology-8.2

Consumer Discretionary+5.4

Health Care-4.1

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Documents

📄 KID (PDF)

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Matched on🌍 Japan stocks

Compare side by side

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	State Street® SPDR® MSCI Japan EUR Hdg UCITS ETFSPDRYou're viewing	UBS Core MSCI Japan UCITS ETF hGBP disUBSBroader match	UBS Core MSCI Japan UCITS ETF hCHF accUBSBroader match	UBS Core MSCI Japan UCITS ETF hEUR disUBSBroader match	UBS Core MSCI Japan UCITS ETF hEUR accUBSBroader match	UBS Core MSCI Japan UCITS ETF USD accUBSBroader match	UBS Core MSCI Japan UCITS ETF hUSD accUBSBroader match
Why it's similar	This is the fund on this page.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	MSCI Japan 100% Hedged to EUR Index	MSCI Japan	MSCI Japan	MSCI Japan	MSCI Japan	MSCI Japan	MSCI Japan
Yearly fee (TER)	0.17%	0.15%	0.15%	0.15%	0.15%	0.12%	0.15%
All-in cost	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€0	€1.5T	€1.4T	€1.3T	€1.3T	€1.2T	€1.2T
Domicile	Ireland	LU	LU	LU	LU	LU	LU
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+26.1%	+25.5%	+22.6%	+26.1%	+25.5%		+28.7%
5-yr return p.a.	+20.0%	+18.5%	+16.6%	+18.3%	+18.9%		+21.6%
# holdings	167	10	10	10	10	10	10

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Data as of 2026-10-09 · Source: issuer data, compiled by Finance Hamster

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