PRAJ.DE vs. NS4E.DE
PRAJ.DE (Amundi Prime Japan UCITS ETF) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 5 years, PRAJ.DE returned 10.34%/yr vs 20.14%/yr for NS4E.DE. Their correlation of 0.83 suggests significant overlap in exposure. PRAJ.DE charges 0.05%/yr vs 0.19%/yr for NS4E.DE.
Performance
PRAJ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAJ.DE achieves a 18.35% return, which is significantly lower than NS4E.DE's 20.29% return.
PRAJ.DE
- 1D
- -1.06%
- 1M
- 1.72%
- 6M
- 12.18%
- YTD
- 18.35%
- 1Y
- 37.22%
- 3Y*
- 17.23%
- 5Y*
- 10.34%
- 10Y*
- —
NS4E.DE
- 1D
- -1.03%
- 1M
- 1.65%
- 6M
- 13.30%
- YTD
- 20.29%
- 1Y
- 47.35%
- 3Y*
- 26.88%
- 5Y*
- 20.14%
- 10Y*
- 14.29%
PRAJ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAJ.DE Amundi Prime Japan UCITS ETF | 18.35% | 12.81% | 13.75% | 16.27% | -11.68% | 10.20% | -99.15% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.29% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 6.71% |
Correlation
The correlation between PRAJ.DE and NS4E.DE is 0.92, 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 | 0.92 |
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 NS4E.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRAJ.DE vs. NS4E.DE — Risk / Return Rank
PRAJ.DE
NS4E.DE
PRAJ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Japan UCITS ETF (PRAJ.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.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 | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 4.91 | -1.10 |
| Martin ratioReturn relative to average drawdown | 12.39 | 16.90 | -4.50 |
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Drawdowns
PRAJ.DE vs. NS4E.DE - Drawdown Comparison
The maximum PRAJ.DE drawdown since its inception was -99.42%, which is greater than NS4E.DE's maximum drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for PRAJ.DE and NS4E.DE.
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Drawdown Indicators
| PRAJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.42% | -35.32% | -64.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -9.59% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -20.96% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -20.96% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -98.54% | -2.02% | -96.52% |
Average DrawdownAverage peak-to-trough decline | -98.79% | -8.00% | -90.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.79% | +0.21% |
Volatility
PRAJ.DE vs. NS4E.DE - Volatility Comparison
Amundi Prime Japan UCITS ETF (PRAJ.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) have volatilities of 5.88% and 5.89%, 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 | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 5.89% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.47% | 15.50% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 19.46% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 18.19% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.70% | 18.19% | +24.51% |
PRAJ.DE vs. NS4E.DE - Expense Ratio Comparison
PRAJ.DE has a 0.05% expense ratio, which is lower than NS4E.DE's 0.19% 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. NS4E.DE - Dividend Comparison
Neither PRAJ.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, PRAJ.DE and NS4E.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.
PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PRAJ.DE and 0.19% for NS4E.DE.
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