NS4E.DE vs. PR1J.DE

Last updated Jul 4, 2026

NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and PR1J.DE (Amundi Prime Japan UCITS ETF DR (D)) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while PR1J.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, NS4E.DE returned 20.00%/yr vs 10.58%/yr for PR1J.DE. Their correlation of 0.83 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.05%/yr for PR1J.DE.

Performance

NS4E.DE vs. PR1J.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.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

In the year-to-date period, NS4E.DE achieves a 20.94% return, which is significantly higher than PR1J.DE's 19.42% return.

NS4E.DE

• 1D: 0.76%
• 1M: 2.16%
• 6M: 19.66%
• YTD: 20.94%
• 1Y: 46.51%
• 3Y*: 26.09%
• 5Y*: 20.00%
• 10Y*: 15.07%

PR1J.DE

• 1D: 0.81%
• 1M: 3.09%
• 6M: 19.38%
• YTD: 19.42%
• 1Y: 34.75%
• 3Y*: 16.95%
• 5Y*: 10.58%
• 10Y*: —

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

NS4E.DE vs. PR1J.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)	20.94%	27.33%	22.81%	33.35%	-4.26%	10.90%	7.50%	12.40%
PR1J.DE Amundi Prime Japan UCITS ETF DR (D)	19.42%	12.92%	13.38%	16.35%	-11.58%	10.23%	5.10%	-99.07%

Correlation

The correlation between NS4E.DE and PR1J.DE 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	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019	0.83

The correlation between NS4E.DE and PR1J.DE has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.

Return for Risk

NS4E.DE vs. PR1J.DE — Risk / Return Rank

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

NS4E.DE

NS4E.DE Risk / Return Rank: 90
NS4E.DE Sharpe Ratio Rank: 89
NS4E.DE Sortino Ratio Rank: 89
NS4E.DE Omega Ratio Rank: 88
NS4E.DE Calmar Ratio Rank: 91
NS4E.DE Martin Ratio Rank: 90

PR1J.DE

PR1J.DE Risk / Return Rank: 72
PR1J.DE Sharpe Ratio Rank: 67
PR1J.DE Sortino Ratio Rank: 69
PR1J.DE Omega Ratio Rank: 70
PR1J.DE Calmar Ratio Rank: 79
PR1J.DE Martin Ratio Rank: 74

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.

NS4E.DE vs. PR1J.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.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.

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.

	NS4E.DE	PR1J.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.78	+0.64
Sortino ratio: Return per unit of downside risk	3.38	2.60	+0.78
Omega ratio: Gain probability vs. loss probability	1.45	1.34	+0.11
Calmar ratio: Return relative to maximum drawdown	4.83	3.36	+1.47
Martin ratio: Return relative to average drawdown	16.73	11.07	+5.66

NS4E.DE vs. PR1J.DE - Sharpe Ratio Comparison

The current NS4E.DE Sharpe Ratio is 2.42, which is higher than the PR1J.DE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of NS4E.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.

Drawdowns

NS4E.DE vs. PR1J.DE - Drawdown Comparison

The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum PR1J.DE drawdown of -99.34%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and PR1J.DE.

Drawdown Indicators

	NS4E.DE	PR1J.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.32%	-99.34%	+64.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-10.29%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-20.96%	-16.25%	-4.71%
Max Drawdown (5Y) Largest decline over 5 years	-20.96%	-18.66%	-2.30%
Max Drawdown (10Y) Largest decline over 10 years	-35.32%	—	—
Current Drawdown Current decline from peak	-1.49%	-98.38%	+96.89%
Average Drawdown Average peak-to-trough decline	-8.02%	-97.50%	+89.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	3.12%	-0.35%

Volatility

NS4E.DE vs. PR1J.DE - Volatility Comparison

Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and Amundi Prime Japan UCITS ETF DR (D) (PR1J.DE) have volatilities of 5.77% and 5.88%, 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

	NS4E.DE	PR1J.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.88%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	15.28%	15.67%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	19.41%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	16.63%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	40.23%	-21.98%

NS4E.DE vs. PR1J.DE - Expense Ratio Comparison

NS4E.DE has a 0.19% 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

NS4E.DE vs. PR1J.DE - Dividend Comparison

NS4E.DE has not paid dividends to shareholders, while PR1J.DE's dividend yield for the trailing twelve months is around 1.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)	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)	1.47%	1.75%	1.91%	1.90%	2.21%	1.80%	1.73%	1.87%

Frequently Asked Questions

Can I hold both NS4E.DE and PR1J.DE in my portfolio?

With a correlation of 0.91, NS4E.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, NS4E.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, NS4E.DE or PR1J.DE?

PR1J.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for NS4E.DE.

What is the main difference between NS4E.DE and PR1J.DE?

NS4E.DE tracks JPX-Nikkei Index 400, while PR1J.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for NS4E.DE and 0.05% for PR1J.DE.