H411.DE vs. PRAJ.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both exchange-traded funds - H411.DE is a Asia Pacific Equities fund tracking the MSCI AC Far East ex Japan, 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, H411.DE returned 8.20%/yr vs 10.24%/yr for PRAJ.DE. At a 0.48 correlation, their price movements are largely independent. H411.DE charges 0.45%/yr vs 0.05%/yr for PRAJ.DE.
Performance
H411.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H411.DE achieves a 34.59% return, which is significantly higher than PRAJ.DE's 17.15% return.
H411.DE
- 1D
- -1.16%
- 1M
- -0.93%
- YTD
- 34.59%
- 6M
- 35.38%
- 1Y
- 60.63%
- 3Y*
- 25.26%
- 5Y*
- 8.20%
- 10Y*
- 10.38%
PRAJ.DE
- 1D
- -0.39%
- 1M
- 2.29%
- YTD
- 17.15%
- 6M
- 17.53%
- 1Y
- 30.87%
- 3Y*
- 16.07%
- 5Y*
- 10.24%
- 10Y*
- —
H411.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 34.59% | 25.21% | 18.89% | -1.57% | -16.06% | -1.91% | 11.27% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 17.15% | 12.81% | 13.75% | 16.27% | -11.68% | 10.20% | -99.15% |
Correlation
The correlation between H411.DE and PRAJ.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.48 |
The correlation between H411.DE and PRAJ.DE has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
H411.DE vs. PRAJ.DE — Risk / Return Rank
H411.DE
PRAJ.DE
H411.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.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.
| H411.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.31 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.44 | 3.16 | +2.28 |
| Martin ratioReturn relative to average drawdown | 17.52 | 10.27 | +7.25 |
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Drawdowns
H411.DE vs. PRAJ.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for H411.DE and PRAJ.DE.
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Drawdown Indicators
| H411.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -99.42% | +60.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -9.72% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -16.82% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.92% | -18.65% | -15.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | -98.56% | +91.07% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -98.79% | +83.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.98% | +0.47% |
Volatility
H411.DE vs. PRAJ.DE - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 10.71% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 5.50%. This indicates that H411.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.
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Volatility by Period
| H411.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 5.50% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 15.33% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.78% | 18.91% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 16.66% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 42.83% | -21.73% |
H411.DE vs. PRAJ.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio.
Dividends
H411.DE vs. PRAJ.DE - Dividend Comparison
Neither H411.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and PRAJ.DE have a correlation of 0.51, 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 0.45% for H411.DE.
H411.DE is categorized as Asia Pacific Equities, while PRAJ.DE is Japan Equities. H411.DE tracks MSCI AC Far East ex Japan, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.45% for H411.DE and 0.05% for PRAJ.DE.
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