USAI vs. CGHM
USAI (Pacer American Energy Independence ETF) and CGHM (Capital Group Municipal High-Income ETF) are both exchange-traded funds - USAI is a Energy Equities fund tracking the American Energy Independence Index, while CGHM is a High Yield Muni fund actively managed by Capital Group. USAI is passively managed, while CGHM is actively managed. Over the past year, USAI returned 20.84% vs 9.16% for CGHM. At a correlation of -0.09, they often move in opposite directions. USAI charges 0.75%/yr vs 0.34%/yr for CGHM.
Performance
USAI vs. CGHM - Performance Comparison
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Returns By Period
In the year-to-date period, USAI achieves a 22.84% return, which is significantly higher than CGHM's 2.57% return.
USAI
- 1D
- -0.91%
- 1M
- 0.89%
- YTD
- 22.84%
- 6M
- 20.56%
- 1Y
- 20.84%
- 3Y*
- 26.07%
- 5Y*
- 18.46%
- 10Y*
- —
CGHM
- 1D
- -0.16%
- 1M
- 0.72%
- YTD
- 2.57%
- 6M
- 3.12%
- 1Y
- 9.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USAI vs. CGHM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USAI Pacer American Energy Independence ETF | 22.84% | 0.69% | 23.19% |
CGHM Capital Group Municipal High-Income ETF | 2.57% | 4.56% | 2.71% |
Correlation
The correlation between USAI and CGHM is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | -0.09 |
The correlation between USAI and CGHM shifts across timeframes, from -0.22 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USAI vs. CGHM — Risk / Return Rank
USAI
CGHM
USAI vs. CGHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer American Energy Independence ETF (USAI) and Capital Group Municipal High-Income ETF (CGHM). 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.
| USAI | CGHM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.66 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.61 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.22 | 13.99 | -8.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USAI | CGHM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.94 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.14 | -0.64 |
Drawdowns
USAI vs. CGHM - Drawdown Comparison
The maximum USAI drawdown since its inception was -65.25%, which is greater than CGHM's maximum drawdown of -5.90%. Use the drawdown chart below to compare losses from any high point for USAI and CGHM.
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Drawdown Indicators
| USAI | CGHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.25% | -5.90% | -59.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -2.55% | -6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.68% | — | — |
Current DrawdownCurrent decline from peak | -5.47% | -0.16% | -5.31% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -1.24% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 0.66% | +3.35% |
Volatility
USAI vs. CGHM - Volatility Comparison
Pacer American Energy Independence ETF (USAI) has a higher volatility of 6.08% compared to Capital Group Municipal High-Income ETF (CGHM) at 1.03%. This indicates that USAI's price experiences larger fluctuations and is considered to be riskier than CGHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USAI | CGHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 1.03% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 2.21% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 3.13% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 4.52% | +16.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 4.52% | +22.79% |
USAI vs. CGHM - Expense Ratio Comparison
USAI has a 0.75% expense ratio, which is higher than CGHM's 0.34% expense ratio.
Dividends
USAI vs. CGHM - Dividend Comparison
USAI's dividend yield for the trailing twelve months is around 4.17%, more than CGHM's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CGHM Capital Group Municipal High-Income ETF | 3.81% | 3.61% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USAI Pacer American Energy Independence ETF | 4.17% | 5.03% | 3.62% | 4.99% | 5.41% | 6.15% | 7.67% | 6.50% | 5.56% | 0.08% |
Frequently Asked Questions
USAI and CGHM have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USAI has higher volatility (6.08%) compared to CGHM (1.03%). In terms of maximum drawdown, USAI dropped -65.25% vs CGHM's -5.90%.
On 1-year performance, USAI leads with 20.84% vs 9.16% for CGHM. On fees, CGHM is cheaper at 0.34% per year. On volatility, CGHM has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USAI has performed better with a 20.84% return vs 9.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGHM is cheaper with a 0.34% expense ratio, compared with 0.75% for USAI.
USAI has the higher dividend yield at 4.17%, compared with 3.81% for CGHM.
USAI is categorized as Energy Equities, while CGHM is High Yield Muni. They also come from different issuers: Pacer and Capital Group. Their fees differ too: 0.75% for USAI and 0.34% for CGHM.
CGHM currently has the higher Sharpe Ratio (2.94 vs 1.33), 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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