HPJS.L vs. PRIJ.L
HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) and PRIJ.L (Amundi Prime Japan UCITS ETF DR (D)) are both Japan Equities funds tracking the TOPIX TR JPY, from HSBC and Amundi respectively. Both are passively managed. Over the past 3 years, HPJS.L returned 7.09%/yr vs 13.23%/yr for PRIJ.L. Their correlation of 0.90 suggests significant overlap in exposure. HPJS.L charges 0.18%/yr vs 0.05%/yr for PRIJ.L.
Performance
HPJS.L vs. PRIJ.L - Performance Comparison
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Different Trading Currencies
HPJS.L is traded in GBP, while PRIJ.L is traded in GBp. To make them comparable, the PRIJ.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPJS.L achieves a 8.46% return, which is significantly lower than PRIJ.L's 15.18% return.
HPJS.L
- 1D
- -1.17%
- 1M
- 3.06%
- YTD
- 8.46%
- 6M
- 6.41%
- 1Y
- 25.00%
- 3Y*
- 7.09%
- 5Y*
- —
- 10Y*
- —
PRIJ.L
- 1D
- -0.06%
- 1M
- 6.51%
- YTD
- 15.18%
- 6M
- 12.83%
- 1Y
- 30.29%
- 3Y*
- 13.23%
- 5Y*
- 8.08%
- 10Y*
- —
HPJS.L vs. PRIJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 8.46% | 14.99% | -1.51% | 9.90% | -15.00% | -3.14% |
PRIJ.L Amundi Prime Japan UCITS ETF DR (D) | 15.18% | 15.76% | 7.02% | 11.63% | -8.38% | -4.81% |
Correlation
The correlation between HPJS.L and PRIJ.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.90 |
The correlation between HPJS.L and PRIJ.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
HPJS.L vs. PRIJ.L — Risk / Return Rank
HPJS.L
PRIJ.L
HPJS.L vs. PRIJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.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.
| HPJS.L | PRIJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.74 | -0.71 |
| Martin ratioReturn relative to average drawdown | 6.70 | 8.55 | -1.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HPJS.L | PRIJ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.62 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.51 | -0.36 |
Drawdowns
HPJS.L vs. PRIJ.L - Drawdown Comparison
The maximum HPJS.L drawdown since its inception was -24.65%, roughly equal to the maximum PRIJ.L drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for HPJS.L and PRIJ.L.
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Drawdown Indicators
| HPJS.L | PRIJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.65% | -25.61% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -10.99% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -14.07% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.56% | — |
Current DrawdownCurrent decline from peak | -1.70% | -0.06% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -6.14% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.53% | +0.19% |
Volatility
HPJS.L vs. PRIJ.L - Volatility Comparison
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) have volatilities of 4.72% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPJS.L | PRIJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.95% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 15.05% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 18.59% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 15.75% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 16.77% | -0.83% |
HPJS.L vs. PRIJ.L - Expense Ratio Comparison
HPJS.L has a 0.18% 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
HPJS.L vs. PRIJ.L - Dividend Comparison
Neither HPJS.L nor PRIJ.L has paid dividends to shareholders.
Frequently Asked Questions
HPJS.L and PRIJ.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.18% for HPJS.L.
Both ETFs track TOPIX TR JPY. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.18% for HPJS.L and 0.05% for PRIJ.L.
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