- Issuer
- Invesco
- Inception Date
- Oct 8, 2008
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Eurozone Government Bill 0-6 Month Capped Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
PJEU.DE Performance Chart
Invesco Euro Cash 3 Months UCITS ETF Acc (PJEU.DE) is up 0.9% since the beginning of the year. PJEU.DE is currently trading at €109 per share. Investors who bought €1,000 worth of PJEU.DE shares 5 years ago would now be looking at an investment worth €1,092.
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Returns By Period
Invesco Euro Cash 3 Months UCITS ETF Acc (PJEU.DE) has returned 0.88% so far this year and 1.99% over the past 12 months. Over the last ten years, PJEU.DE has returned 0.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.
Invesco Euro Cash 3 Months UCITS ETF Acc
- 1D
- -0.01%
- 1M
- 0.14%
- 6M
- 0.79%
- YTD
- 0.88%
- 1Y
- 1.99%
- 3Y*
- 2.87%
- 5Y*
- 1.77%
- 10Y*
- 0.56%
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
PJEU.DE Monthly Returns History
Based on dividend-adjusted daily data since Nov 10, 2008, PJEU.DE's average daily return is 0.00%, while the average monthly return is +0.04%. At this rate, an investment would double in approximately 144.4 years.
Historically, 50% of months were positive and 50% were negative. The best month was Oct 2025 with a return of +0.6%, while the worst month was Nov 2025 at -0.2%. The longest winning streak lasted 37 consecutive months, and the longest losing streak was 37 months.
On a daily basis, PJEU.DE closed higher 29% of trading days. The best single day was Dec 2, 2011 with a return of +1.3%, while the worst single day was Dec 1, 2011 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.07% | 0.28% | 0.03% | 0.43% | 0.29% | -0.16% | 0.07% | 0.88% | |||||
| 2025 | 0.20% | 0.24% | 0.19% | 0.28% | 0.13% | 0.17% | 0.14% | 0.17% | 0.15% | 0.55% | -0.22% | 0.32% | 2.33% |
| 2024 | 0.26% | 0.29% | 0.34% | 0.27% | 0.35% | 0.28% | 0.33% | 0.32% | 0.31% | 0.23% | 0.30% | 0.28% | 3.61% |
| 2023 | 0.10% | 0.12% | 0.27% | 0.15% | 0.19% | 0.26% | 0.24% | 0.32% | 0.24% | 0.36% | 0.29% | 0.33% | 2.91% |
| 2022 | -0.08% | -0.05% | -0.08% | -0.08% | -0.06% | -0.08% | -0.07% | -0.01% | -0.11% | 0.03% | 0.08% | 0.07% | -0.44% |
| 2021 | -0.08% | -0.06% | -0.04% | -0.08% | -0.05% | -0.06% | -0.07% | -0.07% | -0.04% | -0.07% | -0.02% | -0.12% | -0.76% |
Benchmark Metrics
Invesco Euro Cash 3 Months UCITS ETF Acc has an annualized alpha of 0.56%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 10, 2008.
- This ETF captured 1.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.23%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.56%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 1.28%
- Downside Capture
- -1.23%
Expense Ratio
PJEU.DE has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
PJEU.DE ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Euro Cash 3 Months UCITS ETF Acc (PJEU.DE) and compare them to S&P 500 Index.
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.
| PJEU.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.18 | +0.52 |
| Martin ratioReturn relative to average drawdown | 10.42 | 11.76 | -1.35 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Euro Cash 3 Months UCITS ETF Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Euro Cash 3 Months UCITS ETF Acc was 4.67%, occurring on Sep 27, 2022. Recovery took 441 trading sessions.
The current Invesco Euro Cash 3 Months UCITS ETF Acc drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -4.67%Sep 2022 | 7y 9mo | 1y 8mo | 9y 5moDec 2014 - Jun 2024 |
2011 pullback2011 | -1.19%Dec 2011 | 0s | 1d | 1dDec 2011 - Dec 2011 |
2012 pullback2012 | -1.01%Jul 2012 | 0s | 1d | 1dJul 2012 - Jul 2012 |
2026 pullback2026 | -0.54%Jan 2026 | 0s | 2d | 2dJan 2026 - Jan 2026 |
2025 pullback2025 | -0.47%Dec 2025 | 22d | 27d | 1mo 19dNov 2025 - Dec 2025 |
Drawdown Indicators
| PJEU.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.67% | -51.62% | +46.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.54% | -7.57% | +7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -23.99% | +23.45% |
Max Drawdown (5Y)Largest decline over 5 years | -1.04% | -23.99% | +22.95% |
Max Drawdown (10Y)Largest decline over 10 years | -4.17% | -33.42% | +29.25% |
Current DrawdownCurrent decline from peak | -0.08% | -0.43% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -9.08% | +7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.04% | -1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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