USAI vs. QQQM
Compare and contrast key facts about Pacer American Energy Independence ETF (USAI) and Invesco NASDAQ 100 ETF (QQQM).
USAI and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USAI is a passively managed fund by Pacer Advisors that tracks the performance of the American Energy Independence Index. It was launched on Dec 13, 2017. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both USAI and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USAI or QQQM.
Key characteristics
| USAI | QQQM | |
|---|---|---|
| YTD Return | 32.83% | 20.47% |
| 1Y Return | 37.74% | 34.33% |
| 3Y Return (Ann) | 17.66% | 10.83% |
| Sharpe Ratio | 2.76 | 1.93 |
| Sortino Ratio | 3.83 | 2.57 |
| Omega Ratio | 1.47 | 1.34 |
| Calmar Ratio | 5.51 | 2.46 |
| Martin Ratio | 19.83 | 8.95 |
| Ulcer Index | 1.90% | 3.79% |
| Daily Std Dev | 13.65% | 17.53% |
| Max Drawdown | -65.25% | -35.05% |
| Current Drawdown | -0.28% | -2.26% |
Correlation
The correlation between USAI and QQQM is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
USAI vs. QQQM - Performance Comparison
In the year-to-date period, USAI achieves a 32.83% return, which is significantly higher than QQQM's 20.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USAI vs. QQQM - Expense Ratio Comparison
USAI has a 0.75% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
USAI vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer American Energy Independence ETF (USAI) and Invesco NASDAQ 100 ETF (QQQM). 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.
Dividends
USAI vs. QQQM - Dividend Comparison
USAI's dividend yield for the trailing twelve months is around 3.89%, more than QQQM's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USAI Pacer American Energy Independence ETF | 3.89% | 4.99% | 5.41% | 6.15% | 7.67% | 6.50% | 5.56% | 0.08% |
QQQM Invesco NASDAQ 100 ETF | 0.67% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
USAI vs. QQQM - Drawdown Comparison
The maximum USAI drawdown since its inception was -65.25%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for USAI and QQQM. For additional features, visit the drawdowns tool.
Volatility
USAI vs. QQQM - Volatility Comparison
Pacer American Energy Independence ETF (USAI) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.08% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.