PEJ vs. USCF

Last updated Jun 5, 2026

PEJ (Invesco Dynamic Leisure & Entertainment ETF) and USCF (Themes US Cash Flow Champions ETF) are both exchange-traded funds - PEJ is a Consumer Discretionary Equities fund tracking the Dynamic Leisure and Entertainment Intellidex Index, while USCF is a Large Cap Value Equities fund tracking the Solactive US Cash Flow Champions Index - Benchmark TR Gross. Both are passively managed. Over the past year, PEJ returned 16.68% vs 18.96% for USCF. A 0.57 correlation means they provide meaningful diversification when combined. PEJ charges 0.55%/yr vs 0.29%/yr for USCF.

Performance

PEJ vs. USCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Leisure & Entertainment ETF (PEJ) and Themes US Cash Flow Champions ETF (USCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEJ achieves a 2.55% return, which is significantly lower than USCF's 5.32% return.

PEJ

• 1D: 0.88%
• 1M: 3.84%
• YTD: 2.55%
• 6M: 5.77%
• 1Y: 16.68%
• 3Y*: 16.28%
• 5Y*: 3.99%
• 10Y*: 6.63%

USCF

• 1D: 1.27%
• 1M: 1.88%
• YTD: 5.32%
• 6M: 5.78%
• 1Y: 18.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PEJ vs. USCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PEJ Invesco Dynamic Leisure & Entertainment ETF	2.55%	17.78%	25.08%	1.60%
USCF Themes US Cash Flow Champions ETF	5.32%	15.71%	17.65%	2.14%

Correlation

The correlation between PEJ and USCF is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.57

The correlation between PEJ and USCF has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.

PEJ vs. USCF - Sectors Allocation Comparison

Sectors	PEJ	USCF
Consumer Cyclical	59.7%	2.7%
Communication Services	23.3%	0.6%
Industrials	10.2%	0.4%
Consumer Defensive	6.8%	3.4%
Technology	4.2%	9.7%
Basic Materials	-	1.7%
Energy	-	21.1%
Financial Services	-	43.1%
Healthcare	-	16.6%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

PEJ vs. USCF — Risk / Return Rank

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

PEJ

PEJ Risk / Return Rank: 28
PEJ Sharpe Ratio Rank: 26
PEJ Sortino Ratio Rank: 27
PEJ Omega Ratio Rank: 25
PEJ Calmar Ratio Rank: 34
PEJ Martin Ratio Rank: 30

USCF

USCF Risk / Return Rank: 51
USCF Sharpe Ratio Rank: 42
USCF Sortino Ratio Rank: 41
USCF Omega Ratio Rank: 44
USCF Calmar Ratio Rank: 68
USCF Martin Ratio Rank: 57

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.

PEJ vs. USCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Leisure & Entertainment ETF (PEJ) and Themes US Cash Flow Champions ETF (USCF). 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.

	PEJ	USCF	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.48	-0.58
Sortino ratio: Return per unit of downside risk	1.45	2.08	-0.63
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.11
Calmar ratio: Return relative to maximum drawdown	1.63	3.31	-1.69
Martin ratio: Return relative to average drawdown	4.21	9.99	-5.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEJ vs. USCF - Sharpe Ratio Comparison

The current PEJ Sharpe Ratio is 0.91, which is lower than the USCF Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of PEJ and USCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PEJ	USCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	1.48	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.11	-0.78

Drawdowns

PEJ vs. USCF - Drawdown Comparison

The maximum PEJ drawdown since its inception was -66.03%, which is greater than USCF's maximum drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for PEJ and USCF.

Drawdown Indicators

	PEJ	USCF	Difference
Max Drawdown Largest peak-to-trough decline	-66.03%	-16.67%	-49.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-5.75%	-4.54%
Max Drawdown (3Y) Largest decline over 3 years	-25.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.96%	—	—
Current Drawdown Current decline from peak	-1.72%	0.00%	-1.72%
Average Drawdown Average peak-to-trough decline	-12.32%	-2.22%	-10.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	1.90%	+2.07%

Volatility

PEJ vs. USCF - Volatility Comparison

Invesco Dynamic Leisure & Entertainment ETF (PEJ) has a higher volatility of 5.87% compared to Themes US Cash Flow Champions ETF (USCF) at 2.78%. This indicates that PEJ's price experiences larger fluctuations and is considered to be riskier than USCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEJ	USCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	2.78%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	13.92%	10.14%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	12.86%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.79%	15.16%	+7.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	15.16%	+9.58%

PEJ vs. USCF - Expense Ratio Comparison

PEJ has a 0.55% expense ratio, which is higher than USCF's 0.29% expense ratio.

Dividends

PEJ vs. USCF - Dividend Comparison

PEJ's dividend yield for the trailing twelve months is around 0.39%, less than USCF's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEJ Invesco Dynamic Leisure & Entertainment ETF	0.39%	0.24%	0.40%	0.46%	0.43%	0.34%	0.92%	0.39%	0.78%	0.68%	0.68%	0.52%
USCF Themes US Cash Flow Champions ETF	1.74%	1.84%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PEJ and USCF in my portfolio?

PEJ and USCF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEJ or USCF?

PEJ has higher volatility (5.87%) compared to USCF (2.78%). In terms of maximum drawdown, PEJ dropped -66.03% vs USCF's -16.67%.

Which ETF is better, PEJ or USCF?

On 1-year performance, USCF leads with 18.96% vs 16.68% for PEJ. On fees, USCF is cheaper at 0.29% per year. On volatility, USCF has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PEJ or USCF?

Over the 1-year period, USCF has performed better with a 18.96% return vs 16.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PEJ or USCF?

USCF is cheaper with a 0.29% expense ratio, compared with 0.55% for PEJ.

Which ETF pays a higher dividend yield, PEJ or USCF?

USCF has the higher dividend yield at 1.74%, compared with 0.39% for PEJ.

What is the main difference between PEJ and USCF?

PEJ is categorized as Consumer Discretionary Equities, while USCF is Large Cap Value Equities. PEJ tracks Dynamic Leisure and Entertainment Intellidex Index, while USCF tracks Solactive US Cash Flow Champions Index - Benchmark TR Gross. They also come from different issuers: Invesco and Themes. Their fees differ too: 0.55% for PEJ and 0.29% for USCF.

Which has better risk-adjusted returns?

USCF currently has the higher Sharpe Ratio (1.48 vs 0.91), 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.