XZMJ.DE vs. PRAJ.DE
XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds - XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders while PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, XZMJ.DE returned 8.68%/yr vs 9.98%/yr for PRAJ.DE. Their correlation of 0.95 suggests significant overlap in exposure. XZMJ.DE charges 0.20%/yr vs 0.05%/yr for PRAJ.DE.
Performance
XZMJ.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XZMJ.DE having a 15.31% return and PRAJ.DE slightly higher at 15.60%.
XZMJ.DE
- 1D
- -1.30%
- 1M
- 4.69%
- YTD
- 15.31%
- 6M
- 14.32%
- 1Y
- 29.60%
- 3Y*
- 14.44%
- 5Y*
- 8.68%
- 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*
- —
XZMJ.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C | 15.31% | 10.86% | 16.16% | 14.60% | -16.13% | 7.04% | 7.78% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 15.60% | 12.84% | 13.73% | 16.27% | -11.68% | 10.20% | 4.34% |
Correlation
The correlation between XZMJ.DE and PRAJ.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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.95 |
The correlation between XZMJ.DE and PRAJ.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
XZMJ.DE vs. PRAJ.DE — Risk / Return Rank
XZMJ.DE
PRAJ.DE
XZMJ.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.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.
| XZMJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.97 | -0.72 |
| Martin ratioReturn relative to average drawdown | 7.44 | 9.64 | -2.19 |
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
| XZMJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.57 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.60 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.51 | -0.07 |
Drawdowns
XZMJ.DE vs. PRAJ.DE - Drawdown Comparison
The maximum XZMJ.DE drawdown since its inception was -26.90%, smaller than the maximum PRAJ.DE drawdown of -29.64%. Use the drawdown chart below to compare losses from any high point for XZMJ.DE and PRAJ.DE.
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Drawdown Indicators
| XZMJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.90% | -29.64% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -9.73% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -16.80% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -18.65% | -2.87% |
Current DrawdownCurrent decline from peak | -1.30% | -0.27% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -6.07% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 3.01% | +0.82% |
Volatility
XZMJ.DE vs. PRAJ.DE - Volatility Comparison
Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) has a higher volatility of 3.85% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 3.41%. This indicates that XZMJ.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
| XZMJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 3.41% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 14.72% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 18.48% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.53% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.88% | -0.39% |
XZMJ.DE vs. PRAJ.DE - Expense Ratio Comparison
XZMJ.DE has a 0.20% 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
XZMJ.DE vs. PRAJ.DE - Dividend Comparison
Neither XZMJ.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XZMJ.DE and PRAJ.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 0.20% for XZMJ.DE.
XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.20% for XZMJ.DE and 0.05% for PRAJ.DE.
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