EQQX.DE vs. PJEU.DE
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and PJEU.DE (Invesco Euro Cash 3 Months UCITS ETF Acc) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while PJEU.DE is a Money Market fund tracking the FTSE Eurozone Government Bill 0-6 Month Capped Index. Both are passively managed. Over the past 5 years, EQQX.DE returned 16.51%/yr vs 1.77%/yr for PJEU.DE. At a 0.03 correlation, their price movements are largely independent. EQQX.DE charges 0.20%/yr vs 0.09%/yr for PJEU.DE.
Performance
EQQX.DE vs. PJEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EQQX.DE achieves a 19.18% return, which is significantly higher than PJEU.DE's 0.88% return.
EQQX.DE
- 1D
- 0.00%
- 1M
- -2.00%
- 6M
- 20.51%
- YTD
- 19.18%
- 1Y
- 33.29%
- 3Y*
- 23.42%
- 5Y*
- 16.51%
- 10Y*
- —
PJEU.DE
- 1D
- -0.01%
- 1M
- 0.14%
- 6M
- 0.79%
- YTD
- 0.88%
- 1Y
- 1.99%
- 3Y*
- 2.87%
- 5Y*
- 1.77%
- 10Y*
- 0.56%
EQQX.DE vs. PJEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.18% | 7.13% | 33.88% | 51.62% | -29.90% | 24.77% |
PJEU.DE Invesco Euro Cash 3 Months UCITS ETF Acc | 0.88% | 2.33% | 3.61% | 2.91% | -0.44% | -0.53% |
Correlation
The correlation between EQQX.DE and PJEU.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.03 |
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Return for Risk
EQQX.DE vs. PJEU.DE — Risk / Return Rank
EQQX.DE
PJEU.DE
EQQX.DE vs. PJEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Invesco Euro Cash 3 Months UCITS ETF Acc (PJEU.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.
| EQQX.DE | PJEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.70 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.16 | 10.42 | -7.26 |
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Drawdowns
EQQX.DE vs. PJEU.DE - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, which is greater than PJEU.DE's maximum drawdown of -4.67%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and PJEU.DE.
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Drawdown Indicators
| EQQX.DE | PJEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -4.67% | -26.50% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -0.54% | -19.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -0.54% | -26.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -1.04% | -30.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.17% | — |
Current DrawdownCurrent decline from peak | -2.51% | -0.08% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -1.21% | -7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.54% | 0.19% | +10.35% |
Volatility
EQQX.DE vs. PJEU.DE - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a higher volatility of 6.60% compared to Invesco Euro Cash 3 Months UCITS ETF Acc (PJEU.DE) at 0.24%. This indicates that EQQX.DE's price experiences larger fluctuations and is considered to be riskier than PJEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQX.DE | PJEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 0.24% | +6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 1.43% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.34% | 1.86% | +25.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 0.88% | +21.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 0.67% | +21.27% |
EQQX.DE vs. PJEU.DE - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is higher than PJEU.DE's 0.09% 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
EQQX.DE vs. PJEU.DE - Dividend Comparison
Neither EQQX.DE nor PJEU.DE has paid dividends to shareholders.
Frequently Asked Questions
EQQX.DE and PJEU.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PJEU.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PJEU.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for EQQX.DE.
EQQX.DE is categorized as Nasdaq-100, while PJEU.DE is Money Market. EQQX.DE tracks Nasdaq 100®, while PJEU.DE tracks FTSE Eurozone Government Bill 0-6 Month Capped Index. Their fees differ too: 0.20% for EQQX.DE and 0.09% for PJEU.DE.
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