IBC3.DE vs. PRAJ.DE
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both exchange-traded funds - IBC3.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), 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, IBC3.DE returned 7.44%/yr vs 9.67%/yr for PRAJ.DE. A 0.52 correlation means they provide meaningful diversification when combined. IBC3.DE charges 0.18%/yr vs 0.05%/yr for PRAJ.DE.
Performance
IBC3.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC3.DE achieves a 19.60% return, which is significantly higher than PRAJ.DE's 14.82% return.
IBC3.DE
- 1D
- -0.48%
- 1M
- -5.80%
- 6M
- 12.05%
- YTD
- 19.60%
- 1Y
- 32.30%
- 3Y*
- 18.04%
- 5Y*
- 7.44%
- 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*
- —
IBC3.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 19.60% | 17.06% | 13.96% | 7.10% | -13.77% | 6.90% | 5.70% |
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 IBC3.DE and PRAJ.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.52 |
The correlation between IBC3.DE and PRAJ.DE has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
IBC3.DE vs. PRAJ.DE — Risk / Return Rank
IBC3.DE
PRAJ.DE
IBC3.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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.
| IBC3.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.25 | -0.29 |
| Martin ratioReturn relative to average drawdown | 8.92 | 10.47 | -1.55 |
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Drawdowns
IBC3.DE vs. PRAJ.DE - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -40.21%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and PRAJ.DE.
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Drawdown Indicators
| IBC3.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.21% | -99.42% | +59.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -9.72% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -16.82% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.10% | -18.65% | -3.45% |
Current DrawdownCurrent decline from peak | -10.06% | -98.59% | +88.53% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -98.79% | +85.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.02% | +0.59% |
Volatility
IBC3.DE vs. PRAJ.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a higher volatility of 8.55% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 5.97%. This indicates that IBC3.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
| IBC3.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 5.97% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.51% | 15.66% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 19.34% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 16.72% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 42.68% | -22.66% |
IBC3.DE vs. PRAJ.DE - Expense Ratio Comparison
IBC3.DE has a 0.18% 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
IBC3.DE vs. PRAJ.DE - Dividend Comparison
IBC3.DE's dividend yield for the trailing twelve months is around 1.69%, while PRAJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.69% | 1.97% | 2.22% | 2.52% | 3.25% | 1.84% | 1.81% | 2.30% | 1.79% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC3.DE and PRAJ.DE have a correlation of 0.47, 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 0.18% for IBC3.DE.
IBC3.DE is categorized as Emerging Markets Equities, while PRAJ.DE is Japan Equities. IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI), while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for IBC3.DE and 0.05% for PRAJ.DE.
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