JP40.DE vs. PRAJ.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds from Amundi - JP40.DE tracks the JPX-Nikkei 400 while PRAJ.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 9.98%/yr for PRAJ.DE. Their correlation of 0.94 suggests significant overlap in exposure. JP40.DE charges 0.18%/yr vs 0.05%/yr for PRAJ.DE.
Performance
JP40.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JP40.DE having a 16.15% return and PRAJ.DE slightly lower at 15.60%.
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%
PRAJ.DE
- 1D
- -0.27%
- 1M
- 3.19%
- YTD
- 15.60%
- 6M
- 15.73%
- 1Y
- 30.22%
- 3Y*
- 15.18%
- 5Y*
- 9.98%
- 10Y*
- —
JP40.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.12% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 15.60% | 12.84% | 13.73% | 16.27% | -11.68% | 10.20% | 4.34% |
Correlation
The correlation between JP40.DE and PRAJ.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.94 |
The correlation between JP40.DE and PRAJ.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
JP40.DE vs. PRAJ.DE — Risk / Return Rank
JP40.DE
PRAJ.DE
JP40.DE vs. PRAJ.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 (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.
| JP40.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.97 | +0.06 |
| Martin ratioReturn relative to average drawdown | 10.04 | 9.64 | +0.41 |
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
| JP40.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.57 | +0.01 |
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 | 0.51 | -0.05 |
Drawdowns
JP40.DE vs. PRAJ.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, roughly equal to the maximum PRAJ.DE drawdown of -29.64%. Use the drawdown chart below to compare losses from any high point for JP40.DE and PRAJ.DE.
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Drawdown Indicators
| JP40.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -29.64% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.73% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -16.80% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -18.65% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.27% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -6.07% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.01% | -0.16% |
Volatility
JP40.DE vs. PRAJ.DE - Volatility Comparison
Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) and Amundi Prime Japan UCITS ETF (PRAJ.DE) have volatilities of 3.29% and 3.41%, 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
| JP40.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.41% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 14.72% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 18.48% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 16.53% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 17.88% | -1.38% |
JP40.DE vs. PRAJ.DE - Expense Ratio Comparison
JP40.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
JP40.DE vs. PRAJ.DE - Dividend Comparison
Neither JP40.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, JP40.DE and PRAJ.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.
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 JP40.DE.
JP40.DE tracks JPX-Nikkei 400, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. Their fees differ too: 0.18% for JP40.DE and 0.05% for PRAJ.DE.
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