PRAJ.DE vs. IS3M.DE
PRAJ.DE (Amundi Prime Japan UCITS ETF) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - PRAJ.DE is a Japan Equities fund tracking the Solactive GBS Japan Large & Mid Cap, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, PRAJ.DE returned 9.98%/yr vs 2.10%/yr for IS3M.DE. At a 0.06 correlation, their price movements are largely independent. PRAJ.DE charges 0.05%/yr vs 0.09%/yr for IS3M.DE.
Performance
PRAJ.DE vs. IS3M.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 higher than IS3M.DE's 0.92% 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*
- —
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.92%
- 6M
- 1.05%
- 1Y
- 2.27%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
PRAJ.DE vs. IS3M.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% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.16% |
Correlation
The correlation between PRAJ.DE and IS3M.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.06 |
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Return for Risk
PRAJ.DE vs. IS3M.DE — Risk / Return Rank
PRAJ.DE
IS3M.DE
PRAJ.DE vs. IS3M.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 € Ultrashort Bond UCITS ETF (IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.64 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 7.59 | -4.62 |
| Martin ratioReturn relative to average drawdown | 9.64 | 49.96 | -40.33 |
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 | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.95 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 2.74 | -2.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.86 | -0.35 |
Drawdowns
PRAJ.DE vs. IS3M.DE - Drawdown Comparison
The maximum PRAJ.DE drawdown since its inception was -29.64%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for PRAJ.DE and IS3M.DE.
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Drawdown Indicators
| PRAJ.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.64% | -3.80% | -25.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -0.30% | -9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.80% | -0.47% | -16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -1.21% | -17.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.01% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -0.29% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 0.05% | +2.96% |
Volatility
PRAJ.DE vs. IS3M.DE - Volatility Comparison
Amundi Prime Japan UCITS ETF (PRAJ.DE) has a higher volatility of 3.41% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that PRAJ.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 0.29% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 0.59% | +14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 0.76% | +17.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 0.76% | +15.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 1.11% | +16.77% |
PRAJ.DE vs. IS3M.DE - Expense Ratio Comparison
PRAJ.DE has a 0.05% expense ratio, which is lower than IS3M.DE's 0.09% 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. IS3M.DE - Dividend Comparison
PRAJ.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
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
PRAJ.DE and IS3M.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.09% for IS3M.DE.
PRAJ.DE is categorized as Japan Equities, while IS3M.DE is Ultrashort Bond. PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRAJ.DE and 0.09% for IS3M.DE.
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