NS4E.DE vs. PRAJ.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while PRAJ.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 10.61%/yr for PRAJ.DE. Their correlation of 0.82 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.05%/yr for PRAJ.DE.
Performance
NS4E.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NS4E.DE achieves a 20.94% return, which is significantly higher than PRAJ.DE's 19.61% 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%
PRAJ.DE
- 1D
- 1.01%
- 1M
- 3.18%
- 6M
- 19.81%
- YTD
- 19.61%
- 1Y
- 35.14%
- 3Y*
- 17.01%
- 5Y*
- 10.61%
- 10Y*
- —
NS4E.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 6.71% |
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 NS4E.DE and PRAJ.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 22, 2020 | 0.82 |
The correlation between NS4E.DE and PRAJ.DE shifts across timeframes, from 0.81 (5 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NS4E.DE vs. PRAJ.DE — Risk / Return Rank
NS4E.DE
PRAJ.DE
NS4E.DE vs. PRAJ.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 (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.
| NS4E.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.60 | +1.23 |
| Martin ratioReturn relative to average drawdown | 16.73 | 11.76 | +4.97 |
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Drawdowns
NS4E.DE vs. PRAJ.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and PRAJ.DE.
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Drawdown Indicators
| NS4E.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -99.42% | +64.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.72% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.82% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -18.65% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -98.53% | +97.04% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -98.79% | +90.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.97% | -0.20% |
Volatility
NS4E.DE vs. PRAJ.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and Amundi Prime Japan UCITS ETF (PRAJ.DE) have volatilities of 5.77% 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.
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Volatility by Period
| NS4E.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.62% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 15.19% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 18.89% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 16.66% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 42.78% | -24.53% |
NS4E.DE vs. PRAJ.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% 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
NS4E.DE vs. PRAJ.DE - Dividend Comparison
Neither NS4E.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, NS4E.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 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while PRAJ.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 PRAJ.DE.
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