PRAJ.DE vs. JPNH.DE
PRAJ.DE (Amundi Prime Japan UCITS ETF) and JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds from Amundi - PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap while JPNH.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 5 years, PRAJ.DE returned 9.67%/yr vs 18.61%/yr for JPNH.DE. Their correlation of 0.83 suggests significant overlap in exposure. PRAJ.DE charges 0.05%/yr vs 0.45%/yr for JPNH.DE.
Performance
PRAJ.DE vs. JPNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAJ.DE achieves a 14.82% return, which is significantly lower than JPNH.DE's 16.56% return.
PRAJ.DE
- 1D
- -2.18%
- 1M
- -3.11%
- 6M
- 7.91%
- YTD
- 14.82%
- 1Y
- 31.70%
- 3Y*
- 15.55%
- 5Y*
- 9.67%
- 10Y*
- —
JPNH.DE
- 1D
- -2.24%
- 1M
- -2.67%
- 6M
- 9.41%
- YTD
- 16.56%
- 1Y
- 42.09%
- 3Y*
- 24.65%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
PRAJ.DE vs. JPNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAJ.DE Amundi Prime Japan UCITS ETF | 14.82% | 12.81% | 13.75% | 16.27% | -11.68% | 10.20% | -99.15% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 16.56% | 27.75% | 21.23% | 32.08% | -4.87% | 10.85% | 4.94% |
Correlation
The correlation between PRAJ.DE and JPNH.DE is 0.93, 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 | 0.93 |
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 PRAJ.DE and JPNH.DE shifts across timeframes, from 0.81 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRAJ.DE vs. JPNH.DE — Risk / Return Rank
PRAJ.DE
JPNH.DE
PRAJ.DE vs. JPNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Japan UCITS ETF (PRAJ.DE) and Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.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.
| PRAJ.DE | JPNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 4.16 | -0.91 |
| Martin ratioReturn relative to average drawdown | 10.47 | 14.64 | -4.17 |
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Drawdowns
PRAJ.DE vs. JPNH.DE - Drawdown Comparison
The maximum PRAJ.DE drawdown since its inception was -99.42%, which is greater than JPNH.DE's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for PRAJ.DE and JPNH.DE.
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Drawdown Indicators
| PRAJ.DE | JPNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.42% | -36.52% | -62.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -10.08% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -20.72% | +3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -20.72% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.52% | — |
Current DrawdownCurrent decline from peak | -98.59% | -4.32% | -94.27% |
Average DrawdownAverage peak-to-trough decline | -98.79% | -7.95% | -90.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.87% | +0.15% |
Volatility
PRAJ.DE vs. JPNH.DE - Volatility Comparison
Amundi Prime Japan UCITS ETF (PRAJ.DE) and Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) have volatilities of 5.97% and 5.93%, 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
| PRAJ.DE | JPNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.93% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 15.63% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 19.58% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 18.07% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.68% | 18.18% | +24.50% |
PRAJ.DE vs. JPNH.DE - Expense Ratio Comparison
PRAJ.DE has a 0.05% expense ratio, which is lower than JPNH.DE's 0.45% expense ratio.
Dividends
PRAJ.DE vs. JPNH.DE - Dividend Comparison
PRAJ.DE has not paid dividends to shareholders, while JPNH.DE's dividend yield for the trailing twelve months is around 0.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 0.76% | 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
With a correlation of 0.93, PRAJ.DE and JPNH.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 0.45% for JPNH.DE.
PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap, while JPNH.DE tracks TOPIX Index (EUR Hedged). Their fees differ too: 0.05% for PRAJ.DE and 0.45% for JPNH.DE.
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