ZPDJ.DE vs. PRAJ.DE
ZPDJ.DE (SPDR MSCI Japan UCITS ETF) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds - ZPDJ.DE tracks the MSCI Japan while PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPDJ.DE returned 10.06%/yr vs 9.98%/yr for PRAJ.DE. With a 0.98 correlation, they move nearly in lockstep. ZPDJ.DE charges 0.12%/yr vs 0.05%/yr for PRAJ.DE.
Performance
ZPDJ.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDJ.DE achieves a 16.79% return, which is significantly higher than PRAJ.DE's 15.60% return.
ZPDJ.DE
- 1D
- -0.45%
- 1M
- 6.00%
- YTD
- 16.79%
- 6M
- 16.66%
- 1Y
- 30.67%
- 3Y*
- 15.52%
- 5Y*
- 10.06%
- 10Y*
- 9.18%
PRAJ.DE
- 1D
- -0.27%
- 1M
- 5.81%
- YTD
- 15.60%
- 6M
- 15.62%
- 1Y
- 29.05%
- 3Y*
- 15.18%
- 5Y*
- 9.98%
- 10Y*
- —
ZPDJ.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 16.79% | 12.60% | 13.75% | 16.51% | -12.51% | 9.97% | 4.31% |
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 ZPDJ.DE and PRAJ.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.98 |
The correlation between ZPDJ.DE and PRAJ.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
ZPDJ.DE vs. PRAJ.DE — Risk / Return Rank
ZPDJ.DE
PRAJ.DE
ZPDJ.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (ZPDJ.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.
| ZPDJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.97 | +0.09 |
| Martin ratioReturn relative to average drawdown | 9.86 | 9.64 | +0.22 |
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
| ZPDJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.57 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.60 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.51 | -0.07 |
Drawdowns
ZPDJ.DE vs. PRAJ.DE - Drawdown Comparison
The maximum ZPDJ.DE drawdown since its inception was -28.06%, smaller than the maximum PRAJ.DE drawdown of -29.64%. Use the drawdown chart below to compare losses from any high point for ZPDJ.DE and PRAJ.DE.
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Drawdown Indicators
| ZPDJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -29.64% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -9.73% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -16.80% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -18.65% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -28.06% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.27% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -6.07% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.01% | +0.09% |
Volatility
ZPDJ.DE vs. PRAJ.DE - Volatility Comparison
SPDR MSCI Japan UCITS ETF (ZPDJ.DE) has a higher volatility of 3.60% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 3.41%. This indicates that ZPDJ.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
| ZPDJ.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.41% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 14.72% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 18.48% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 16.53% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 17.88% | -1.48% |
ZPDJ.DE vs. PRAJ.DE - Expense Ratio Comparison
ZPDJ.DE has a 0.12% 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
ZPDJ.DE vs. PRAJ.DE - Dividend Comparison
Neither ZPDJ.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, ZPDJ.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 0.12% for ZPDJ.DE.
ZPDJ.DE tracks MSCI Japan, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.12% for ZPDJ.DE and 0.05% for PRAJ.DE.
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