PRAJ.DE vs. EUNN.DE
PRAJ.DE (Amundi Prime Japan UCITS ETF) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds - PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 5 years, PRAJ.DE returned 9.98%/yr vs 9.85%/yr for EUNN.DE. With a 0.98 correlation, they move nearly in lockstep. PRAJ.DE charges 0.05%/yr vs 0.12%/yr for EUNN.DE.
Performance
PRAJ.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAJ.DE achieves a 15.60% return, which is significantly lower than EUNN.DE's 16.53% return.
PRAJ.DE
- 1D
- -0.27%
- 1M
- 3.19%
- YTD
- 15.60%
- 6M
- 15.73%
- 1Y
- 30.22%
- 3Y*
- 15.18%
- 5Y*
- 9.98%
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
PRAJ.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAJ.DE Amundi Prime Japan UCITS ETF | 15.60% | 12.84% | 13.73% | 16.27% | -11.68% | 10.20% | 4.34% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 3.51% |
Correlation
The correlation between PRAJ.DE and EUNN.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.98 |
The correlation between PRAJ.DE and EUNN.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
PRAJ.DE vs. EUNN.DE — Risk / Return Rank
PRAJ.DE
EUNN.DE
PRAJ.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Japan UCITS ETF (PRAJ.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| PRAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.14 | -0.16 |
| Martin ratioReturn relative to average drawdown | 9.64 | 10.51 | -0.88 |
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
| PRAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.67 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.61 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.53 | -0.02 |
Drawdowns
PRAJ.DE vs. EUNN.DE - Drawdown Comparison
The maximum PRAJ.DE drawdown since its inception was -29.64%, roughly equal to the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for PRAJ.DE and EUNN.DE.
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Drawdown Indicators
| PRAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.64% | -28.55% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -9.58% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.80% | -15.81% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -19.41% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.27% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -6.85% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.86% | +0.15% |
Volatility
PRAJ.DE vs. EUNN.DE - Volatility Comparison
Amundi Prime Japan UCITS ETF (PRAJ.DE) has a higher volatility of 3.41% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that PRAJ.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.16% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 14.53% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 17.97% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 16.04% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.08% | +1.80% |
PRAJ.DE vs. EUNN.DE - Expense Ratio Comparison
PRAJ.DE has a 0.05% expense ratio, which is lower than EUNN.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PRAJ.DE vs. EUNN.DE - Dividend Comparison
Neither PRAJ.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, PRAJ.DE and EUNN.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 0.12% for EUNN.DE.
PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRAJ.DE and 0.12% for EUNN.DE.
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