ETLK.DE vs. PRAJ.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both exchange-traded funds - ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while PRAJ.DE is a Japan Equities fund tracking the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, ETLK.DE returned 6.13%/yr vs 9.67%/yr for PRAJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. ETLK.DE charges 0.10%/yr vs 0.05%/yr for PRAJ.DE.
Performance
ETLK.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLK.DE achieves a 11.56% return, which is significantly lower than PRAJ.DE's 14.82% return.
ETLK.DE
- 1D
- -0.51%
- 1M
- 1.04%
- 6M
- 8.14%
- YTD
- 11.56%
- 1Y
- 15.28%
- 3Y*
- 11.47%
- 5Y*
- 6.13%
- 10Y*
- —
PRAJ.DE
- 1D
- -2.18%
- 1M
- -3.11%
- 6M
- 7.91%
- YTD
- 14.82%
- 1Y
- 31.70%
- 3Y*
- 15.55%
- 5Y*
- 9.67%
- 10Y*
- —
ETLK.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 11.56% | 7.48% | 11.53% | 1.31% | -0.52% | 11.62% | -4.44% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 14.82% | 12.81% | 13.75% | 16.27% | -11.68% | 10.20% | -99.15% |
Correlation
The correlation between ETLK.DE and PRAJ.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.60 |
The correlation between ETLK.DE and PRAJ.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
ETLK.DE vs. PRAJ.DE — Risk / Return Rank
ETLK.DE
PRAJ.DE
ETLK.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.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.
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.
| ETLK.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.25 | -0.70 |
| Martin ratioReturn relative to average drawdown | 6.72 | 10.47 | -3.75 |
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Drawdowns
ETLK.DE vs. PRAJ.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.68%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and PRAJ.DE.
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Drawdown Indicators
| ETLK.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.68% | -99.42% | +62.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -9.72% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -16.82% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -18.65% | -1.26% |
Current DrawdownCurrent decline from peak | -0.51% | -98.59% | +98.08% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -98.79% | +93.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.02% | -0.75% |
Volatility
ETLK.DE vs. PRAJ.DE - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) is 2.66%, while Amundi Prime Japan UCITS ETF (PRAJ.DE) has a volatility of 5.97%. This indicates that ETLK.DE experiences smaller price fluctuations and is considered to be less risky than PRAJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLK.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 5.97% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 15.66% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 19.34% | -6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 16.72% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 42.68% | -24.56% |
ETLK.DE vs. PRAJ.DE - Expense Ratio Comparison
ETLK.DE has a 0.10% expense ratio, which is higher than PRAJ.DE'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
ETLK.DE vs. PRAJ.DE - Dividend Comparison
Neither ETLK.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLK.DE and PRAJ.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PRAJ.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for ETLK.DE.
ETLK.DE is categorized as Asia Pacific Equities, while PRAJ.DE is Japan Equities. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.10% for ETLK.DE and 0.05% for PRAJ.DE.
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