PRIJ.L vs. N4US.L
PRIJ.L (Amundi Prime Japan UCITS ETF DR (D)) and N4US.L (Invesco JPX-Nikkei 400 UCITS ETF USD Hedged (Acc)) are both Japan Equities funds - PRIJ.L tracks the TOPIX TR JPY while N4US.L tracks the JPX-Nikkei 400 USD Hedged Index. Both are passively managed. Over the past 5 years, PRIJ.L returned 9.54%/yr vs 22.44%/yr for N4US.L. A 0.79 correlation means they provide meaningful diversification when combined. PRIJ.L charges 0.05%/yr vs 0.19%/yr for N4US.L.
Performance
PRIJ.L vs. N4US.L - Performance Comparison
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Different Trading Currencies
PRIJ.L is traded in GBp, while N4US.L is traded in USD. To make them comparable, the N4US.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PRIJ.L achieves a 12.51% return, which is significantly lower than N4US.L's 18.97% return.
PRIJ.L
- 1D
- -1.97%
- 1M
- -5.02%
- 6M
- 6.07%
- YTD
- 12.51%
- 1Y
- 29.56%
- 3Y*
- 15.17%
- 5Y*
- 9.54%
- 10Y*
- —
N4US.L
- 1D
- -1.85%
- 1M
- -3.94%
- 6M
- 10.74%
- YTD
- 18.97%
- 1Y
- 45.07%
- 3Y*
- 26.16%
- 5Y*
- 22.44%
- 10Y*
- 16.03%
PRIJ.L vs. N4US.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRIJ.L Amundi Prime Japan UCITS ETF DR (D) | 12.51% | 17.80% | 9.02% | 13.78% | -6.35% | 2.49% | 12.24% | 11.21% |
N4US.L Invesco JPX-Nikkei 400 UCITS ETF USD Hedged (Acc) | 18.97% | 20.97% | 25.93% | 29.18% | 10.71% | 12.23% | 7.53% | 9.65% |
Correlation
The correlation between PRIJ.L and N4US.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2019 | 0.79 |
The correlation between PRIJ.L and N4US.L has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
PRIJ.L vs. N4US.L — Risk / Return Rank
PRIJ.L
N4US.L
PRIJ.L vs. N4US.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 Invesco JPX-Nikkei 400 UCITS ETF USD Hedged (Acc) (N4US.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.
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.
| PRIJ.L | N4US.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 5.23 | -2.55 |
| Martin ratioReturn relative to average drawdown | 8.32 | 16.75 | -8.43 |
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Drawdowns
PRIJ.L vs. N4US.L - Drawdown Comparison
The maximum PRIJ.L drawdown since its inception was -24.45%, smaller than the maximum N4US.L drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for PRIJ.L and N4US.L.
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Drawdown Indicators
| PRIJ.L | N4US.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.45% | -28.61% | +4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -8.58% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -20.94% | +7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.16% | -20.94% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.61% | — |
Current DrawdownCurrent decline from peak | -6.68% | -5.90% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -5.12% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.68% | +0.86% |
Volatility
PRIJ.L vs. N4US.L - Volatility Comparison
Amundi Prime Japan UCITS ETF DR (D) (PRIJ.L) and Invesco JPX-Nikkei 400 UCITS ETF USD Hedged (Acc) (N4US.L) have volatilities of 5.76% and 6.00%, 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
| PRIJ.L | N4US.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 6.00% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 15.65% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 19.76% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 19.07% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 19.47% | -2.81% |
PRIJ.L vs. N4US.L - Expense Ratio Comparison
PRIJ.L has a 0.05% expense ratio, which is lower than N4US.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. N4US.L - Dividend Comparison
PRIJ.L's dividend yield for the trailing twelve months is around 1.57%, while N4US.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
N4US.L Invesco JPX-Nikkei 400 UCITS ETF USD Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRIJ.L Amundi Prime Japan UCITS ETF DR (D) | 1.57% | 1.76% | 1.89% | 1.89% | 2.17% | 1.81% | 1.71% | 1.89% |
Frequently Asked Questions
PRIJ.L and N4US.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 N4US.L.
PRIJ.L tracks TOPIX TR JPY, while N4US.L tracks JPX-Nikkei 400 USD Hedged Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PRIJ.L and 0.19% for N4US.L.
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