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PRIJ.L vs. HMJP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRIJ.L vs. HMJP.L

Last updated Jun 5, 2026

PRIJ.L (Amundi Prime Japan UCITS ETF DR (D)) and HMJP.L (HSBC MSCI Japan UCITS ETF USD) are both Japan Equities funds tracking the TOPIX TR JPY, from Amundi and HSBC respectively. Both are passively managed. Over the past 5 years, PRIJ.L returned 8.08%/yr vs 10.21%/yr for HMJP.L. Their correlation of 0.94 suggests significant overlap in exposure. PRIJ.L charges 0.05%/yr vs 0.19%/yr for HMJP.L.

Performance

PRIJ.L vs. HMJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) and HSBC MSCI Japan UCITS ETF USD (HMJP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRIJ.L achieves a 15.18% return, which is significantly lower than HMJP.L's 16.35% return.

PRIJ.L

1D
-0.06%
1M
6.51%
YTD
15.18%
6M
12.83%
1Y
30.29%
3Y*
13.23%
5Y*
8.08%
10Y*
—

HMJP.L

1D
-0.40%
1M
6.17%
YTD
16.35%
6M
15.48%
1Y
33.99%
3Y*
15.60%
5Y*
10.21%
10Y*
10.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRIJ.L vs. HMJP.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PRIJ.L
Amundi Prime Japan UCITS ETF DR (D)		15.18%15.76%7.02%11.63%-8.38%0.73%10.33%11.26%
HMJP.L
HSBC MSCI Japan UCITS ETF USD		16.35%17.44%9.05%14.01%-7.12%2.09%12.36%12.96%

Correlation

The correlation between PRIJ.L and HMJP.L is 0.91, 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

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Mar 15, 2019

0.94

The correlation between PRIJ.L and HMJP.L has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

PRIJ.L vs. HMJP.L - Sectors Allocation Comparison

Sectors
PRIJ.L
HMJP.L

Industrials

26.2%
24.7%

Technology

17.5%
20.8%

Financial Services

16.4%
17.6%

Consumer Cyclical

12.7%
12.0%

Communication Services

8.2%
8.8%

Healthcare

6.0%
5.8%

Consumer Defensive

4.0%
3.5%

Basic Materials

3.7%
2.9%

Real Estate

3.1%
1.9%

Utilities

1.3%
1.0%

Energy

0.9%
1.0%

Industrials

PRIJ.L
26.2%
HMJP.L
24.7%

Technology

PRIJ.L
17.5%
HMJP.L
20.8%

Financial Services

PRIJ.L
16.4%
HMJP.L
17.6%

Consumer Cyclical

PRIJ.L
12.7%
HMJP.L
12.0%

Communication Services

PRIJ.L
8.2%
HMJP.L
8.8%

Healthcare

PRIJ.L
6.0%
HMJP.L
5.8%

Consumer Defensive

PRIJ.L
4.0%
HMJP.L
3.5%

Basic Materials

PRIJ.L
3.7%
HMJP.L
2.9%

Real Estate

PRIJ.L
3.1%
HMJP.L
1.9%

Utilities

PRIJ.L
1.3%
HMJP.L
1.0%

Energy

PRIJ.L
0.9%
HMJP.L
1.0%

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Amundi Prime Japan UCITS ETF DR (D)

HSBC MSCI Japan UCITS ETF USD

Often compared with PRIJ.L:
PRIJ.L vs. CSJP.LPRIJ.L vs. SJPA.LPRIJ.L vs. DXJSPRIJ.L vs. XDJP.LPRIJ.L vs. VJPB.LPRIJ.L vs. HSJP.LPRIJ.L vs. DXJG.L
Often compared with HMJP.L:
HMJP.L vs. VJPA.LHMJP.L vs. SJPA.LHMJP.L vs. HPJS.LHMJP.L vs. JRIE.LHMJP.L vs. DXJA.LHMJP.L vs. S400.LHMJP.L vs. DXJP.L

Return for Risk

PRIJ.L vs. HMJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRIJ.L
PRIJ.L Risk / Return Rank: 5050
Overall Rank
PRIJ.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
PRIJ.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
PRIJ.L Omega Ratio Rank: 5050
Omega Ratio Rank
PRIJ.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
PRIJ.L Martin Ratio Rank: 5151
Martin Ratio Rank
HMJP.L
HMJP.L Risk / Return Rank: 5858
Overall Rank
HMJP.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
HMJP.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
HMJP.L Omega Ratio Rank: 5858
Omega Ratio Rank
HMJP.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
HMJP.L Martin Ratio Rank: 5858
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRIJ.L vs. HMJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) and HSBC MSCI Japan UCITS ETF USD (HMJP.L). 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.

PRIJ.LHMJP.LDifference
Sharpe ratioReturn per unit of total volatility
1.62
1.85

-0.23

Sortino ratioReturn per unit of downside risk
2.32
2.65

-0.32

Omega ratioGain probability vs. loss probability

1.31

1.35

-0.04

Calmar ratioReturn relative to maximum drawdown

2.74

3.13

-0.38

Martin ratioReturn relative to average drawdown

8.55

10.15

-1.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRIJ.L vs. HMJP.L - Sharpe Ratio Comparison

The current PRIJ.L Sharpe Ratio is 1.62, which is comparable to the HMJP.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of PRIJ.L and HMJP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PRIJ.LHMJP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

1.85

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.65

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.48

+0.03

Drawdowns

PRIJ.L vs. HMJP.L - Drawdown Comparison

The maximum PRIJ.L drawdown since its inception was -25.61%, which is greater than HMJP.L's maximum drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for PRIJ.L and HMJP.L.

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Drawdown Indicators

PRIJ.LHMJP.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-24.24%

-1.37%

Max Drawdown (1Y)

Largest decline over 1 year

-10.99%

-10.83%

-0.16%

Max Drawdown (3Y)

Largest decline over 3 years

-14.07%

-14.29%

+0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-19.56%

-18.50%

-1.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.24%

—

Current Drawdown

Current decline from peak

-0.06%

-0.40%

+0.34%

Average Drawdown

Average peak-to-trough decline

-6.14%

-6.98%

+0.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.53%

3.34%

+0.19%

Volatility

PRIJ.L vs. HMJP.L - Volatility Comparison

Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) has a higher volatility of 4.95% compared to HSBC MSCI Japan UCITS ETF USD (HMJP.L) at 3.74%. This indicates that PRIJ.L's price experiences larger fluctuations and is considered to be riskier than HMJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRIJ.LHMJP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.95%

3.74%

+1.21%

Volatility (6M)

Calculated over the trailing 6-month period

15.05%

14.72%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

18.59%

18.31%

+0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.75%

15.93%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.77%

16.01%

+0.76%

PRIJ.L vs. HMJP.L - Expense Ratio Comparison

PRIJ.L has a 0.05% expense ratio, which is lower than HMJP.L'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

PRIJ.L vs. HMJP.L - Dividend Comparison

PRIJ.L has not paid dividends to shareholders, while HMJP.L's dividend yield for the trailing twelve months is around 1.49%.

PositionTTM20252024202320222021202020192018201720162015
HMJP.L
HSBC MSCI Japan UCITS ETF USD		1.49%1.74%1.64%1.75%1.98%1.53%1.68%1.83%1.73%1.41%1.27%1.10%
PRIJ.L
Amundi Prime Japan UCITS ETF DR (D)		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 0.91, PRIJ.L and HMJP.L 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, PRIJ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PRIJ.L is cheaper with a 0.05% expense ratio, compared with 0.19% for HMJP.L.

Both ETFs track TOPIX TR JPY. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.05% for PRIJ.L and 0.19% for HMJP.L.

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