PRAJ.DE vs. ZPDW.DE
PRAJ.DE (Amundi Prime Japan UCITS ETF) and ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) are both Japan Equities funds - PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap while ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index. Both are passively managed. Over the past 5 years, PRAJ.DE returned 10.34%/yr vs 19.99%/yr for ZPDW.DE. Their correlation of 0.83 suggests significant overlap in exposure. PRAJ.DE charges 0.05%/yr vs 0.17%/yr for ZPDW.DE.
Performance
PRAJ.DE vs. ZPDW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRAJ.DE achieves a 18.35% return, which is significantly lower than ZPDW.DE's 20.74% 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*
- —
ZPDW.DE
- 1D
- -0.90%
- 1M
- 0.79%
- 6M
- 13.52%
- YTD
- 20.74%
- 1Y
- 49.79%
- 3Y*
- 27.02%
- 5Y*
- 19.99%
- 10Y*
- 14.41%
PRAJ.DE vs. ZPDW.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% |
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 20.74% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 6.75% |
Correlation
The correlation between PRAJ.DE and ZPDW.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 ZPDW.DE shifts across timeframes, from 0.81 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRAJ.DE vs. ZPDW.DE — Risk / Return Rank
PRAJ.DE
ZPDW.DE
PRAJ.DE vs. ZPDW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Japan UCITS ETF (PRAJ.DE) and State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.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 | ZPDW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 5.14 | -1.32 |
| Martin ratioReturn relative to average drawdown | 12.39 | 16.99 | -4.59 |
Loading charts...
Drawdowns
PRAJ.DE vs. ZPDW.DE - Drawdown Comparison
The maximum PRAJ.DE drawdown since its inception was -99.42%, which is greater than ZPDW.DE's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for PRAJ.DE and ZPDW.DE.
Loading charts...
Drawdown Indicators
| PRAJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.42% | -34.37% | -65.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -9.65% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -21.70% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -21.70% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -98.54% | -3.28% | -95.26% |
Average DrawdownAverage peak-to-trough decline | -98.79% | -7.47% | -91.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.92% | +0.08% |
Volatility
PRAJ.DE vs. ZPDW.DE - Volatility Comparison
The current volatility for Amundi Prime Japan UCITS ETF (PRAJ.DE) is 5.88%, while State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a volatility of 6.74%. This indicates that PRAJ.DE experiences smaller price fluctuations and is considered to be less risky than ZPDW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRAJ.DE | ZPDW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 6.74% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.47% | 16.39% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 20.62% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 18.81% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.70% | 18.43% | +24.27% |
PRAJ.DE vs. ZPDW.DE - Expense Ratio Comparison
PRAJ.DE has a 0.05% expense ratio, which is lower than ZPDW.DE's 0.17% 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. ZPDW.DE - Dividend Comparison
Neither PRAJ.DE nor ZPDW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, PRAJ.DE and ZPDW.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 0.17% for ZPDW.DE.
PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap, while ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for PRAJ.DE and 0.17% for ZPDW.DE.
Find the right allocation for PRAJ.DE and ZPDW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer