JPNH.DE vs. PRAJ.DE

Last updated Jul 4, 2026

JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds from Amundi - JPNH.DE tracks the TOPIX Index (EUR Hedged) while PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, JPNH.DE returned 19.09%/yr vs 10.61%/yr for PRAJ.DE. Their correlation of 0.83 suggests significant overlap in exposure. JPNH.DE charges 0.45%/yr vs 0.05%/yr for PRAJ.DE.

Performance

JPNH.DE vs. PRAJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) and Amundi Prime Japan UCITS ETF (PRAJ.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 JPNH.DE having a 20.19% return and PRAJ.DE slightly lower at 19.61%.

JPNH.DE

• 1D: 0.95%
• 1M: 2.38%
• 6M: 19.98%
• YTD: 20.19%
• 1Y: 46.43%
• 3Y*: 25.43%
• 5Y*: 19.09%
• 10Y*: 14.52%

PRAJ.DE

• 1D: 1.01%
• 1M: 3.18%
• 6M: 19.81%
• YTD: 19.61%
• 1Y: 35.14%
• 3Y*: 17.01%
• 5Y*: 10.61%
• 10Y*: —

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

JPNH.DE vs. PRAJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)	20.19%	27.75%	21.23%	32.08%	-4.87%	10.85%	4.94%
PRAJ.DE Amundi Prime Japan UCITS ETF	19.61%	12.81%	13.75%	16.27%	-11.68%	10.20%	-99.15%

Correlation

The correlation between JPNH.DE and PRAJ.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.83

The correlation between JPNH.DE and PRAJ.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JPNH.DE vs. PRAJ.DE — Risk / Return Rank

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

JPNH.DE

JPNH.DE Risk / Return Rank: 89
JPNH.DE Sharpe Ratio Rank: 89
JPNH.DE Sortino Ratio Rank: 89
JPNH.DE Omega Ratio Rank: 88
JPNH.DE Calmar Ratio Rank: 90
JPNH.DE Martin Ratio Rank: 90

PRAJ.DE

PRAJ.DE Risk / Return Rank: 75
PRAJ.DE Sharpe Ratio Rank: 70
PRAJ.DE Sortino Ratio Rank: 73
PRAJ.DE Omega Ratio Rank: 73
PRAJ.DE Calmar Ratio Rank: 82
PRAJ.DE Martin Ratio Rank: 77

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.

JPNH.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.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.

	JPNH.DE	PRAJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.85	+0.56
Sortino ratio: Return per unit of downside risk	3.37	2.70	+0.68
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	4.58	3.60	+0.98
Martin ratio: Return relative to average drawdown	16.33	11.76	+4.57

JPNH.DE vs. PRAJ.DE - Sharpe Ratio Comparison

The current JPNH.DE Sharpe Ratio is 2.41, which is higher than the PRAJ.DE Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of JPNH.DE and PRAJ.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.

Drawdowns

JPNH.DE vs. PRAJ.DE - Drawdown Comparison

The maximum JPNH.DE drawdown since its inception was -36.52%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and PRAJ.DE.

Drawdown Indicators

	JPNH.DE	PRAJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-99.42%	+62.90%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-9.72%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-20.72%	-16.82%	-3.90%
Max Drawdown (5Y) Largest decline over 5 years	-20.72%	-18.65%	-2.07%
Max Drawdown (10Y) Largest decline over 10 years	-36.52%	—	—
Current Drawdown Current decline from peak	-1.24%	-98.53%	+97.29%
Average Drawdown Average peak-to-trough decline	-7.97%	-98.79%	+90.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.97%	-0.13%

Volatility

JPNH.DE vs. PRAJ.DE - Volatility Comparison

Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) and Amundi Prime Japan UCITS ETF (PRAJ.DE) have volatilities of 5.58% and 5.62%, 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

	JPNH.DE	PRAJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	5.62%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	15.19%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	18.89%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	16.66%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	42.78%	-24.55%

JPNH.DE vs. PRAJ.DE - Expense Ratio Comparison

JPNH.DE has a 0.45% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio.

Dividends

JPNH.DE vs. PRAJ.DE - Dividend Comparison

JPNH.DE's dividend yield for the trailing twelve months is around 0.74%, while PRAJ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)	0.74%	0.89%	1.52%	1.29%	1.66%	1.33%	1.09%	1.93%	1.89%	1.36%	1.96%	1.84%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPNH.DE and PRAJ.DE in my portfolio?

With a correlation of 0.92, JPNH.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.

Which ETF is better, JPNH.DE or PRAJ.DE?

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.

Which ETF is cheaper, JPNH.DE or PRAJ.DE?

PRAJ.DE is cheaper with a 0.05% expense ratio, compared with 0.45% for JPNH.DE.

What is the main difference between JPNH.DE and PRAJ.DE?

JPNH.DE tracks TOPIX Index (EUR Hedged), while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. Their fees differ too: 0.45% for JPNH.DE and 0.05% for PRAJ.DE.