INDS vs. USAI
INDS (Pacer Benchmark Industrial Real Estate SCTR ETF) and USAI (Pacer American Energy Independence ETF) are both exchange-traded funds - INDS is a REIT fund tracking the Benchmark Industrial Real Estate SCTR Index, while USAI is a Energy Equities fund tracking the American Energy Independence Index. Both are passively managed. Over the past 5 years, INDS returned 1.31%/yr vs 18.72%/yr for USAI. At a 0.34 correlation, their price movements are largely independent. INDS charges 0.60%/yr vs 0.75%/yr for USAI.
Performance
INDS vs. USAI - Performance Comparison
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Returns By Period
In the year-to-date period, INDS achieves a 10.90% return, which is significantly lower than USAI's 22.85% return.
INDS
- 1D
- 0.39%
- 1M
- 0.98%
- YTD
- 10.90%
- 6M
- 10.40%
- 1Y
- 15.25%
- 3Y*
- 5.42%
- 5Y*
- 1.31%
- 10Y*
- —
USAI
- 1D
- 1.67%
- 1M
- -2.02%
- YTD
- 22.85%
- 6M
- 23.14%
- 1Y
- 21.57%
- 3Y*
- 25.93%
- 5Y*
- 18.72%
- 10Y*
- —
INDS vs. USAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 10.90% | 7.78% | -12.69% | 17.72% | -32.68% | 54.61% | 12.62% | 42.25% | -1.14% |
USAI Pacer American Energy Independence ETF | 22.85% | 0.69% | 43.99% | 14.21% | 19.82% | 37.10% | -15.10% | 21.63% | -16.20% |
Correlation
The correlation between INDS and USAI is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.34 |
Over the past year, the correlation between INDS and USAI has dropped to 0.08 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
INDS vs. USAI — Risk / Return Rank
INDS
USAI
INDS vs. USAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) and Pacer American Energy Independence ETF (USAI). 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.
| INDS | USAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.41 | -1.15 |
| Martin ratioReturn relative to average drawdown | 3.77 | 5.05 | -1.28 |
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Drawdowns
INDS vs. USAI - Drawdown Comparison
The maximum INDS drawdown since its inception was -40.17%, smaller than the maximum USAI drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for INDS and USAI.
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Drawdown Indicators
| INDS | USAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -65.25% | +25.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -9.01% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -18.22% | -8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -20.68% | -19.49% |
Current DrawdownCurrent decline from peak | -17.30% | -5.46% | -11.84% |
Average DrawdownAverage peak-to-trough decline | -15.58% | -9.34% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 4.28% | -0.22% |
Volatility
INDS vs. USAI - Volatility Comparison
The current volatility for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is 4.94%, while Pacer American Energy Independence ETF (USAI) has a volatility of 5.63%. This indicates that INDS experiences smaller price fluctuations and is considered to be less risky than USAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDS | USAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.63% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 12.54% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 16.07% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.17% | 20.49% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.06% | 27.25% | -4.19% |
INDS vs. USAI - Expense Ratio Comparison
INDS has a 0.60% expense ratio, which is lower than USAI's 0.75% expense ratio.
Dividends
INDS vs. USAI - Dividend Comparison
INDS's dividend yield for the trailing twelve months is around 3.34%, less than USAI's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 3.34% | 3.70% | 3.75% | 3.11% | 2.63% | 1.24% | 1.68% | 2.26% | 1.81% | 0.00% |
USAI Pacer American Energy Independence ETF | 4.53% | 5.03% | 3.62% | 4.99% | 5.41% | 6.15% | 7.67% | 6.50% | 5.56% | 0.08% |
Frequently Asked Questions
INDS and USAI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USAI has higher volatility (5.63%) compared to INDS (4.94%). In terms of maximum drawdown, INDS dropped -40.17% vs USAI's -65.25%.
On 5-year performance, USAI leads with 18.72% vs 1.31% for INDS. On fees, INDS is cheaper at 0.60% per year. On volatility, INDS has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USAI has performed better with a 18.72% return vs 1.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INDS is cheaper with a 0.60% expense ratio, compared with 0.75% for USAI.
USAI has the higher dividend yield at 4.53%, compared with 3.34% for INDS.
INDS is categorized as REIT, while USAI is Energy Equities. INDS tracks Benchmark Industrial Real Estate SCTR Index, while USAI tracks American Energy Independence Index. Their fees differ too: 0.60% for INDS and 0.75% for USAI.
USAI currently has the higher Sharpe Ratio (1.35 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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