3JPN.DE vs. PRAJ.DE

Last updated Jun 5, 2026

3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while PRAJ.DE is a Japan Equities fund tracking the Solactive GBS Japan Large & Mid Cap. 3JPN.DE is actively managed, while PRAJ.DE is passively managed. Over the past 3 years, 3JPN.DE returned 20.30%/yr vs 15.18%/yr for PRAJ.DE. Their correlation of 0.90 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.05%/yr for PRAJ.DE.

Performance

3JPN.DE vs. PRAJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and Amundi Prime Japan UCITS ETF (PRAJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3JPN.DE achieves a 37.51% return, which is significantly higher than PRAJ.DE's 15.60% return.

3JPN.DE

• 1D: -0.77%
• 1M: 7.20%
• YTD: 37.51%
• 6M: 34.92%
• 1Y: 72.37%
• 3Y*: 20.30%
• 5Y*: —
• 10Y*: —

PRAJ.DE

• 1D: -0.27%
• 1M: 3.19%
• YTD: 15.60%
• 6M: 15.73%
• 1Y: 30.22%
• 3Y*: 15.18%
• 5Y*: 9.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3JPN.DE vs. PRAJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3JPN.DE Leverage Shares 3x Long Japan ETP Securities	37.51%	27.74%	0.10%	34.83%	0.88%
PRAJ.DE Amundi Prime Japan UCITS ETF	15.60%	12.84%	13.73%	16.27%	-1.15%

Correlation

The correlation between 3JPN.DE and PRAJ.DE is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022	0.90

The correlation between 3JPN.DE and PRAJ.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

3JPN.DE vs. PRAJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3JPN.DE

3JPN.DE Risk / Return Rank: 36
3JPN.DE Sharpe Ratio Rank: 32
3JPN.DE Sortino Ratio Rank: 37
3JPN.DE Omega Ratio Rank: 36
3JPN.DE Calmar Ratio Rank: 40
3JPN.DE Martin Ratio Rank: 37

PRAJ.DE

PRAJ.DE Risk / Return Rank: 52
PRAJ.DE Sharpe Ratio Rank: 45
PRAJ.DE Sortino Ratio Rank: 49
PRAJ.DE Omega Ratio Rank: 49
PRAJ.DE Calmar Ratio Rank: 61
PRAJ.DE Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3JPN.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and Amundi Prime Japan UCITS ETF (PRAJ.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.

	3JPN.DE	PRAJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.57	-0.43
Sortino ratio: Return per unit of downside risk	1.88	2.37	-0.49
Omega ratio: Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio: Return relative to maximum drawdown	1.96	2.97	-1.01
Martin ratio: Return relative to average drawdown	5.61	9.64	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3JPN.DE vs. PRAJ.DE - Sharpe Ratio Comparison

The current 3JPN.DE Sharpe Ratio is 1.13, which is comparable to the PRAJ.DE Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of 3JPN.DE and PRAJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3JPN.DE	PRAJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.57	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.51	-0.01

Drawdowns

3JPN.DE vs. PRAJ.DE - Drawdown Comparison

The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than PRAJ.DE's maximum drawdown of -29.64%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and PRAJ.DE.

Drawdown Indicators

	3JPN.DE	PRAJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-51.65%	-29.64%	-22.01%
Max Drawdown (1Y) Largest decline over 1 year	-34.71%	-9.73%	-24.98%
Max Drawdown (3Y) Largest decline over 3 years	-51.65%	-16.80%	-34.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.65%	—
Current Drawdown Current decline from peak	-7.07%	-0.27%	-6.80%
Average Drawdown Average peak-to-trough decline	-14.56%	-6.07%	-8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.19%	3.01%	+9.18%

Volatility

3JPN.DE vs. PRAJ.DE - Volatility Comparison

Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 11.68% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 3.41%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than PRAJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3JPN.DE	PRAJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.68%	3.41%	+8.27%
Volatility (6M) Calculated over the trailing 6-month period	48.68%	14.72%	+33.96%
Volatility (1Y) Calculated over the trailing 1-year period	60.28%	18.48%	+41.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.77%	16.53%	+36.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.77%	17.88%	+34.89%

3JPN.DE vs. PRAJ.DE - Expense Ratio Comparison

3JPN.DE has a 0.75% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio.

Dividends

3JPN.DE vs. PRAJ.DE - Dividend Comparison

Neither 3JPN.DE nor PRAJ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3JPN.DE and PRAJ.DE in my portfolio?

With a correlation of 0.95, 3JPN.DE and PRAJ.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.

Which ETF is better, 3JPN.DE or PRAJ.DE?

On fees, PRAJ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3JPN.DE or PRAJ.DE?

PRAJ.DE is cheaper with a 0.05% expense ratio, compared with 0.75% for 3JPN.DE.

What is the main difference between 3JPN.DE and PRAJ.DE?

3JPN.DE is categorized as Leveraged Equities, while PRAJ.DE is Japan Equities. They also come from different issuers: Leverage Shares and Amundi. Their fees differ too: 0.75% for 3JPN.DE and 0.05% for PRAJ.DE.