ZPRA.DE vs. PRAJ.DE

Last updated Jul 16, 2026

ZPRA.DE (SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both exchange-traded funds - ZPRA.DE is a Asia Pacific Equities fund tracking the S&P Pan Asia Dividend Aristocrats, while PRAJ.DE is a Japan Equities fund tracking the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPRA.DE returned 5.83%/yr vs 10.34%/yr for PRAJ.DE. A 0.64 correlation means they provide meaningful diversification when combined. ZPRA.DE charges 0.55%/yr vs 0.05%/yr for PRAJ.DE.

Performance

ZPRA.DE vs. PRAJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) and Amundi Prime Japan UCITS ETF (PRAJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRA.DE achieves a 8.23% return, which is significantly lower than PRAJ.DE's 18.35% return.

ZPRA.DE

• 1D: 0.24%
• 1M: 1.73%
• 6M: 5.58%
• YTD: 8.23%
• 1Y: 15.41%
• 3Y*: 10.28%
• 5Y*: 5.83%
• 10Y*: 6.15%

PRAJ.DE

• 1D: -1.06%
• 1M: 1.72%
• 6M: 12.18%
• YTD: 18.35%
• 1Y: 37.22%
• 3Y*: 17.23%
• 5Y*: 10.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRA.DE vs. PRAJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)	8.23%	9.81%	11.25%	11.52%	-10.65%	11.36%	-10.80%
PRAJ.DE Amundi Prime Japan UCITS ETF	18.35%	12.81%	13.75%	16.27%	-11.68%	10.20%	-99.15%

Correlation

The correlation between ZPRA.DE and PRAJ.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.64

The correlation between ZPRA.DE and PRAJ.DE has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

Return for Risk

ZPRA.DE vs. PRAJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRA.DE

ZPRA.DE Risk / Return Rank: 58
ZPRA.DE Sharpe Ratio Rank: 55
ZPRA.DE Sortino Ratio Rank: 60
ZPRA.DE Omega Ratio Rank: 55
ZPRA.DE Calmar Ratio Rank: 68
ZPRA.DE Martin Ratio Rank: 52

PRAJ.DE

PRAJ.DE Risk / Return Rank: 79
PRAJ.DE Sharpe Ratio Rank: 76
PRAJ.DE Sortino Ratio Rank: 77
PRAJ.DE Omega Ratio Rank: 76
PRAJ.DE Calmar Ratio Rank: 86
PRAJ.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRA.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.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.

	ZPRA.DE	PRAJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.93	-0.40
Sortino ratio: Return per unit of downside risk	2.31	2.77	-0.46
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	2.76	3.81	-1.05
Martin ratio: Return relative to average drawdown	7.20	12.39	-5.20

ZPRA.DE vs. PRAJ.DE - Sharpe Ratio Comparison

The current ZPRA.DE Sharpe Ratio is 1.53, which is comparable to the PRAJ.DE Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of ZPRA.DE and PRAJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ZPRA.DE vs. PRAJ.DE - Drawdown Comparison

The maximum ZPRA.DE drawdown since its inception was -34.40%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for ZPRA.DE and PRAJ.DE.

Drawdown Indicators

	ZPRA.DE	PRAJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.40%	-99.42%	+65.02%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-9.72%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-13.54%	-16.82%	+3.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.67%	-18.65%	-3.02%
Max Drawdown (10Y) Largest decline over 10 years	-31.52%	—	—
Current Drawdown Current decline from peak	0.00%	-98.54%	+98.54%
Average Drawdown Average peak-to-trough decline	-9.97%	-98.79%	+88.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.00%	-0.86%

Volatility

ZPRA.DE vs. PRAJ.DE - Volatility Comparison

The current volatility for SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) is 2.00%, while Amundi Prime Japan UCITS ETF (PRAJ.DE) has a volatility of 5.88%. This indicates that ZPRA.DE experiences smaller price fluctuations and is considered to be less risky than PRAJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRA.DE	PRAJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	5.88%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	7.70%	15.47%	-7.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.02%	19.20%	-9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	16.70%	-3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	42.70%	-27.38%

ZPRA.DE vs. PRAJ.DE - Expense Ratio Comparison

ZPRA.DE has a 0.55% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio.

Dividends

ZPRA.DE vs. PRAJ.DE - Dividend Comparison

ZPRA.DE's dividend yield for the trailing twelve months is around 2.77%, while PRAJ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRAJ.DE Amundi Prime Japan UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)	2.77%	3.01%	2.98%	2.92%	3.63%	2.82%	3.04%	2.61%	2.41%	1.78%	2.25%	3.17%

Frequently Asked Questions

Can I hold both ZPRA.DE and PRAJ.DE in my portfolio?

ZPRA.DE and PRAJ.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRA.DE or PRAJ.DE?

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.

Which ETF is cheaper, ZPRA.DE or PRAJ.DE?

PRAJ.DE is cheaper with a 0.05% expense ratio, compared with 0.55% for ZPRA.DE.

What is the main difference between ZPRA.DE and PRAJ.DE?

ZPRA.DE is categorized as Asia Pacific Equities, while PRAJ.DE is Japan Equities. ZPRA.DE tracks S&P Pan Asia Dividend Aristocrats, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.55% for ZPRA.DE and 0.05% for PRAJ.DE.