ZPDW.DE vs. PRAJ.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds - ZPDW.DE tracks the MSCI Japan 100% Hedged to EUR Index while PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPDW.DE returned 19.84%/yr vs 10.61%/yr for PRAJ.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPDW.DE charges 0.17%/yr vs 0.05%/yr for PRAJ.DE.
Performance
ZPDW.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDW.DE achieves a 21.38% return, which is significantly higher than PRAJ.DE's 19.61% return.
ZPDW.DE
- 1D
- 1.19%
- 1M
- 1.95%
- 6M
- 21.11%
- YTD
- 21.38%
- 1Y
- 48.83%
- 3Y*
- 26.19%
- 5Y*
- 19.84%
- 10Y*
- 15.28%
PRAJ.DE
- 1D
- 1.01%
- 1M
- 3.18%
- 6M
- 19.81%
- YTD
- 19.61%
- 1Y
- 35.14%
- 3Y*
- 17.01%
- 5Y*
- 10.61%
- 10Y*
- —
ZPDW.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 21.38% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 6.75% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 19.61% | 12.81% | 13.75% | 16.27% | -11.68% | 10.20% | -99.15% |
Correlation
The correlation between ZPDW.DE and PRAJ.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.83 |
The correlation between ZPDW.DE and PRAJ.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDW.DE vs. PRAJ.DE — Risk / Return Rank
ZPDW.DE
PRAJ.DE
ZPDW.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.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.
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.
| ZPDW.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 3.60 | +1.44 |
| Martin ratioReturn relative to average drawdown | 16.98 | 11.76 | +5.22 |
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Drawdowns
ZPDW.DE vs. PRAJ.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and PRAJ.DE.
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Drawdown Indicators
| ZPDW.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -99.42% | +65.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.72% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -16.82% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -18.65% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -98.53% | +95.77% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -98.79% | +91.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.97% | -0.10% |
Volatility
ZPDW.DE vs. PRAJ.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a higher volatility of 6.74% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 5.62%. This indicates that ZPDW.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
| ZPDW.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 5.62% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 15.19% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 18.89% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 16.66% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 42.78% | -24.29% |
ZPDW.DE vs. PRAJ.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% 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
ZPDW.DE vs. PRAJ.DE - Dividend Comparison
Neither ZPDW.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, ZPDW.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 0.17% for ZPDW.DE.
ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.17% for ZPDW.DE and 0.05% for PRAJ.DE.
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