CJPU.L vs. PRIJ.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and PRIJ.L (Amundi Prime Japan UCITS ETF DR (D)) are both Japan Equities funds - CJPU.L tracks the MSCI Japan Index (Net) while PRIJ.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, CJPU.L returned 9.27%/yr vs 9.75%/yr for PRIJ.L. Their correlation of 0.92 suggests significant overlap in exposure. CJPU.L charges 0.12%/yr vs 0.05%/yr for PRIJ.L.
Performance
CJPU.L vs. PRIJ.L - Performance Comparison
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Different Trading Currencies
CJPU.L is traded in USD, while PRIJ.L is traded in GBp. To make them comparable, the PRIJ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CJPU.L having a 15.49% return and PRIJ.L slightly higher at 16.14%.
CJPU.L
- 1D
- -0.89%
- 1M
- -1.47%
- 6M
- 9.41%
- YTD
- 15.49%
- 1Y
- 35.30%
- 3Y*
- 17.79%
- 5Y*
- 9.27%
- 10Y*
- 9.05%
PRIJ.L
- 1D
- -0.67%
- 1M
- 0.57%
- 6M
- 10.41%
- YTD
- 16.14%
- 1Y
- 35.61%
- 3Y*
- 18.07%
- 5Y*
- 9.75%
- 10Y*
- —
CJPU.L vs. PRIJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 15.49% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 10.71% |
PRIJ.L Amundi Prime Japan UCITS ETF DR (D) | 16.14% | 26.69% | 7.20% | 19.78% | -16.36% | 1.56% | 15.67% | 11.10% |
Correlation
The correlation between CJPU.L and PRIJ.L 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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2019 | 0.92 |
The correlation between CJPU.L and PRIJ.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
CJPU.L vs. PRIJ.L — Risk / Return Rank
CJPU.L
PRIJ.L
CJPU.L vs. PRIJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L). 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.
| CJPU.L | PRIJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.70 | +0.06 |
| Martin ratioReturn relative to average drawdown | 9.02 | 8.87 | +0.15 |
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Drawdowns
CJPU.L vs. PRIJ.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, roughly equal to the maximum PRIJ.L drawdown of -32.13%. Use the drawdown chart below to compare losses from any high point for CJPU.L and PRIJ.L.
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Drawdown Indicators
| CJPU.L | PRIJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -32.13% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -13.14% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -13.37% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -32.13% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | — | — |
Current DrawdownCurrent decline from peak | -4.54% | -2.16% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -7.80% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.00% | -0.08% |
Volatility
CJPU.L vs. PRIJ.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a higher volatility of 6.79% compared to Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) at 5.80%. This indicates that CJPU.L's price experiences larger fluctuations and is considered to be riskier than PRIJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CJPU.L | PRIJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 5.80% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 16.89% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 20.76% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 17.94% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 18.39% | -1.29% |
CJPU.L vs. PRIJ.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is higher than PRIJ.L's 0.05% 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
CJPU.L vs. PRIJ.L - Dividend Comparison
CJPU.L has not paid dividends to shareholders, while PRIJ.L's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRIJ.L Amundi Prime Japan UCITS ETF DR (D) | 1.53% | 1.76% | 1.89% | 1.89% | 2.17% | 1.81% | 1.71% | 1.89% |
Frequently Asked Questions
With a correlation of 0.94, CJPU.L and PRIJ.L 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, PRIJ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIJ.L is cheaper with a 0.05% expense ratio, compared with 0.12% for CJPU.L.
CJPU.L tracks MSCI Japan Index (Net), while PRIJ.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for CJPU.L and 0.05% for PRIJ.L.
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