IJPN.L vs. PRIJ.L

Last updated Jun 5, 2026

IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) and PRIJ.L (Amundi Prime Japan UCITS ETF DR (D)) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, IJPN.L returned 10.52%/yr vs 8.08%/yr for PRIJ.L. With a 0.96 correlation, they move nearly in lockstep. IJPN.L charges 0.59%/yr vs 0.05%/yr for PRIJ.L.

Performance

IJPN.L vs. PRIJ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) and Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJPN.L achieves a 16.83% return, which is significantly higher than PRIJ.L's 15.18% return.

IJPN.L

• 1D: -0.35%
• 1M: 6.24%
• YTD: 16.83%
• 6M: 16.02%
• 1Y: 34.98%
• 3Y*: 16.17%
• 5Y*: 10.52%
• 10Y*: 10.48%

PRIJ.L

• 1D: -0.06%
• 1M: 6.51%
• YTD: 15.18%
• 6M: 12.83%
• 1Y: 30.29%
• 3Y*: 13.23%
• 5Y*: 8.08%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IJPN.L vs. PRIJ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IJPN.L iShares MSCI Japan UCITS ETF (Dist)	16.83%	18.18%	9.39%	14.03%	-7.13%	2.20%	12.46%	12.89%
PRIJ.L Amundi Prime Japan UCITS ETF DR (D)	15.18%	15.76%	7.02%	11.63%	-8.38%	0.73%	10.33%	11.26%

Correlation

The correlation between IJPN.L and PRIJ.L is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.96

The correlation between IJPN.L and PRIJ.L has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

IJPN.L vs. PRIJ.L - Sectors Allocation Comparison

Sectors	IJPN.L	PRIJ.L
Industrials	24.8%	26.2%
Technology	20.3%	17.5%
Financial Services	18.2%	16.4%
Consumer Cyclical	11.9%	12.7%
Communication Services	8.7%	8.2%
Healthcare	5.9%	6.0%
Consumer Defensive	3.5%	4.0%
Basic Materials	2.9%	3.7%
Real Estate	1.9%	3.1%
Utilities	1.0%	1.3%
Energy	1.0%	0.9%

Return for Risk

IJPN.L vs. PRIJ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJPN.L

IJPN.L Risk / Return Rank: 60
IJPN.L Sharpe Ratio Rank: 56
IJPN.L Sortino Ratio Rank: 58
IJPN.L Omega Ratio Rank: 59
IJPN.L Calmar Ratio Rank: 66
IJPN.L Martin Ratio Rank: 60

PRIJ.L

PRIJ.L Risk / Return Rank: 50
PRIJ.L Sharpe Ratio Rank: 47
PRIJ.L Sortino Ratio Rank: 47
PRIJ.L Omega Ratio Rank: 50
PRIJ.L Calmar Ratio Rank: 56
PRIJ.L Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJPN.L vs. PRIJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF (Dist) (IJPN.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.

	IJPN.L	PRIJ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.62	+0.26
Sortino ratio: Return per unit of downside risk	2.71	2.32	+0.39
Omega ratio: Gain probability vs. loss probability	1.36	1.31	+0.05
Calmar ratio: Return relative to maximum drawdown	3.22	2.74	+0.48
Martin ratio: Return relative to average drawdown	10.52	8.55	+1.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJPN.L vs. PRIJ.L - Sharpe Ratio Comparison

The current IJPN.L Sharpe Ratio is 1.88, which is comparable to the PRIJ.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of IJPN.L and PRIJ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IJPN.L	PRIJ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.62	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.51	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.51	-0.09

Drawdowns

IJPN.L vs. PRIJ.L - Drawdown Comparison

The maximum IJPN.L drawdown since its inception was -39.73%, which is greater than PRIJ.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for IJPN.L and PRIJ.L.

Drawdown Indicators

	IJPN.L	PRIJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.73%	-25.61%	-14.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	-10.99%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.09%	-14.07%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-18.57%	-19.56%	+0.99%
Max Drawdown (10Y) Largest decline over 10 years	-24.34%	—	—
Current Drawdown Current decline from peak	-0.35%	-0.06%	-0.29%
Average Drawdown Average peak-to-trough decline	-10.09%	-6.14%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	3.53%	-0.21%

Volatility

IJPN.L vs. PRIJ.L - Volatility Comparison

The current volatility for iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) is 3.88%, while Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) has a volatility of 4.95%. This indicates that IJPN.L experiences smaller price fluctuations and is considered to be less risky than PRIJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPN.L	PRIJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.95%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	15.05%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	18.59%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	15.75%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	16.77%	-0.79%

IJPN.L vs. PRIJ.L - Expense Ratio Comparison

IJPN.L has a 0.59% expense ratio, which is higher than PRIJ.L's 0.05% expense ratio.

Dividends

IJPN.L vs. PRIJ.L - Dividend Comparison

IJPN.L's dividend yield for the trailing twelve months is around 2.03%, while PRIJ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJPN.L iShares MSCI Japan UCITS ETF (Dist)	2.03%	2.25%	1.95%	1.81%	2.10%	1.66%	1.75%	1.90%	1.89%	1.53%	1.55%	0.87%
PRIJ.L Amundi Prime Japan UCITS ETF DR (D)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IJPN.L and PRIJ.L in my portfolio?

With a correlation of 0.91, IJPN.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.

Which ETF is better, IJPN.L or PRIJ.L?

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.

Which ETF is cheaper, IJPN.L or PRIJ.L?

PRIJ.L is cheaper with a 0.05% expense ratio, compared with 0.59% for IJPN.L.

What is the main difference between IJPN.L and PRIJ.L?

Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.59% for IJPN.L and 0.05% for PRIJ.L.