XNKY.DE vs. PRAJ.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds - XNKY.DE tracks the Nikkei 225® while PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs 9.98%/yr for PRAJ.DE. Their correlation of 0.89 suggests significant overlap in exposure. XNKY.DE charges 0.09%/yr vs 0.05%/yr for PRAJ.DE.
Performance
XNKY.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNKY.DE achieves a 32.35% return, which is significantly higher than PRAJ.DE's 15.60% return.
XNKY.DE
- 1D
- -1.43%
- 1M
- 7.59%
- YTD
- 32.35%
- 6M
- 30.39%
- 1Y
- 60.72%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
PRAJ.DE
- 1D
- -0.27%
- 1M
- 3.19%
- YTD
- 15.60%
- 6M
- 15.73%
- 1Y
- 30.22%
- 3Y*
- 15.18%
- 5Y*
- 9.98%
- 10Y*
- —
XNKY.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 32.35% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 13.56% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 15.60% | 12.84% | 13.73% | 16.27% | -11.68% | 10.20% | 9.18% |
Correlation
The correlation between XNKY.DE and PRAJ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020 | 0.89 |
The correlation between XNKY.DE and PRAJ.DE has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. PRAJ.DE — Risk / Return Rank
XNKY.DE
PRAJ.DE
XNKY.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and Amundi Prime Japan UCITS ETF (PRAJ.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.
| XNKY.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 2.97 | +1.62 |
| Martin ratioReturn relative to average drawdown | 13.91 | 9.64 | +4.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XNKY.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 1.57 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.60 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.51 | +0.23 |
Drawdowns
XNKY.DE vs. PRAJ.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum PRAJ.DE drawdown of -29.64%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and PRAJ.DE.
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Drawdown Indicators
| XNKY.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -29.64% | +8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.73% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -16.80% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -18.65% | -2.50% |
Current DrawdownCurrent decline from peak | -1.43% | -0.27% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -6.07% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 3.01% | +1.28% |
Volatility
XNKY.DE vs. PRAJ.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 6.59% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 3.41%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than PRAJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNKY.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 3.41% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 14.72% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 18.48% | +5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 16.53% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 17.88% | +0.54% |
XNKY.DE vs. PRAJ.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XNKY.DE vs. PRAJ.DE - Dividend Comparison
Neither XNKY.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
XNKY.DE and PRAJ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.09% for XNKY.DE.
XNKY.DE tracks Nikkei 225®, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.09% for XNKY.DE and 0.05% for PRAJ.DE.
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