JP40.DE vs. PR1J.DE

Last updated Jun 5, 2026

JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and PR1J.DE (Amundi Prime Japan UCITS ETF DR (D)) are both Japan Equities funds from Amundi - JP40.DE tracks the JPX-Nikkei 400 while PR1J.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, JP40.DE returned 9.88%/yr vs 10.01%/yr for PR1J.DE. With a 0.95 correlation, they move nearly in lockstep. JP40.DE charges 0.18%/yr vs 0.05%/yr for PR1J.DE.

Performance

JP40.DE vs. PR1J.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) and Amundi Prime Japan UCITS ETF DR (D) (PR1J.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JP40.DE having a 16.15% return and PR1J.DE slightly lower at 15.82%.

JP40.DE

• 1D: -0.23%
• 1M: 2.36%
• YTD: 16.15%
• 6M: 16.10%
• 1Y: 29.23%
• 3Y*: 14.99%
• 5Y*: 9.88%
• 10Y*: 8.93%

PR1J.DE

• 1D: -0.01%
• 1M: 3.47%
• YTD: 15.82%
• 6M: 16.06%
• 1Y: 30.46%
• 3Y*: 15.30%
• 5Y*: 10.01%
• 10Y*: —

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

JP40.DE vs. PR1J.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR	16.15%	12.78%	13.18%	15.77%	-11.05%	8.49%	4.79%	13.10%
PR1J.DE Amundi Prime Japan UCITS ETF DR (D)	15.82%	12.92%	13.38%	16.35%	-11.58%	10.23%	5.13%	13.63%

Correlation

The correlation between JP40.DE and PR1J.DE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.95

The correlation between JP40.DE and PR1J.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

JP40.DE vs. PR1J.DE — Risk / Return Rank

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

JP40.DE

JP40.DE Risk / Return Rank: 53
JP40.DE Sharpe Ratio Rank: 46
JP40.DE Sortino Ratio Rank: 50
JP40.DE Omega Ratio Rank: 50
JP40.DE Calmar Ratio Rank: 62
JP40.DE Martin Ratio Rank: 58

PR1J.DE

PR1J.DE Risk / Return Rank: 51
PR1J.DE Sharpe Ratio Rank: 45
PR1J.DE Sortino Ratio Rank: 48
PR1J.DE Omega Ratio Rank: 48
PR1J.DE Calmar Ratio Rank: 58
PR1J.DE Martin Ratio Rank: 54

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.

JP40.DE vs. PR1J.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) and Amundi Prime Japan UCITS ETF DR (D) (PR1J.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.

	JP40.DE	PR1J.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.54	+0.04
Sortino ratio: Return per unit of downside risk	2.41	2.34	+0.06
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	3.03	2.83	+0.20
Martin ratio: Return relative to average drawdown	10.04	9.22	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JP40.DE vs. PR1J.DE - Sharpe Ratio Comparison

The current JP40.DE Sharpe Ratio is 1.58, which is comparable to the PR1J.DE Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of JP40.DE and PR1J.DE, 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

	JP40.DE	PR1J.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.54	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.60	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.58	-0.11

Drawdowns

JP40.DE vs. PR1J.DE - Drawdown Comparison

The maximum JP40.DE drawdown since its inception was -28.51%, roughly equal to the maximum PR1J.DE drawdown of -28.08%. Use the drawdown chart below to compare losses from any high point for JP40.DE and PR1J.DE.

Drawdown Indicators

	JP40.DE	PR1J.DE	Difference
Max Drawdown Largest peak-to-trough decline	-28.51%	-28.08%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-10.30%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-15.82%	-16.24%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-19.66%	-18.66%	-1.00%
Max Drawdown (10Y) Largest decline over 10 years	-28.51%	—	—
Current Drawdown Current decline from peak	-0.23%	-0.01%	-0.22%
Average Drawdown Average peak-to-trough decline	-6.10%	-5.53%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.17%	-0.32%

Volatility

JP40.DE vs. PR1J.DE - Volatility Comparison

Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) and Amundi Prime Japan UCITS ETF DR (D) (PR1J.DE) have volatilities of 3.29% and 3.43%, 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.

Volatility by Period

	JP40.DE	PR1J.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.43%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	14.70%	15.05%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	18.93%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	16.50%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	17.41%	-0.91%

JP40.DE vs. PR1J.DE - Expense Ratio Comparison

JP40.DE has a 0.18% expense ratio, which is higher than PR1J.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

JP40.DE vs. PR1J.DE - Dividend Comparison

JP40.DE has not paid dividends to shareholders, while PR1J.DE's dividend yield for the trailing twelve months is around 1.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PR1J.DE Amundi Prime Japan UCITS ETF DR (D)	1.51%	1.75%	1.91%	1.90%	2.21%	1.79%	1.73%	1.88%

Frequently Asked Questions

Can I hold both JP40.DE and PR1J.DE in my portfolio?

With a correlation of 0.94, JP40.DE and PR1J.DE 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, JP40.DE or PR1J.DE?

On fees, PR1J.DE 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, JP40.DE or PR1J.DE?

PR1J.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for JP40.DE.

What is the main difference between JP40.DE and PR1J.DE?

JP40.DE tracks JPX-Nikkei 400, while PR1J.DE tracks Solactive GBS Japan Large & Mid Cap. Their fees differ too: 0.18% for JP40.DE and 0.05% for PR1J.DE.