USAI vs. QQQM

Last updated Jun 5, 2026

USAI (Pacer American Energy Independence ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - USAI is a Energy Equities fund tracking the American Energy Independence Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, USAI returned 18.67%/yr vs 17.94%/yr for QQQM. At a 0.28 correlation, their price movements are largely independent. USAI charges 0.75%/yr vs 0.15%/yr for QQQM.

Performance

USAI vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer American Energy Independence ETF (USAI) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USAI achieves a 23.98% return, which is significantly higher than QQQM's 20.73% return.

USAI

• 1D: 1.47%
• 1M: -1.05%
• YTD: 23.98%
• 6M: 21.70%
• 1Y: 22.36%
• 3Y*: 26.68%
• 5Y*: 18.67%
• 10Y*: —

QQQM

• 1D: -0.54%
• 1M: 8.67%
• YTD: 20.73%
• 6M: 19.22%
• 1Y: 40.83%
• 3Y*: 28.64%
• 5Y*: 17.94%
• 10Y*: —

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

USAI vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USAI Pacer American Energy Independence ETF	23.98%	0.69%	43.99%	14.21%	19.82%	37.10%	16.21%
QQQM Invesco NASDAQ 100 ETF	20.73%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Correlation

The correlation between USAI and QQQM is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.28

The correlation between USAI and QQQM shifts across timeframes, from -0.11 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

USAI vs. QQQM - Sectors Allocation Comparison

Sectors	USAI	QQQM
Energy	97.8%	0.6%
Utilities	2.1%	1.4%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%

Return for Risk

USAI vs. QQQM — Risk / Return Rank

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

USAI

USAI Risk / Return Rank: 41
USAI Sharpe Ratio Rank: 41
USAI Sortino Ratio Rank: 39
USAI Omega Ratio Rank: 38
USAI Calmar Ratio Rank: 51
USAI Martin Ratio Rank: 37

QQQM

QQQM Risk / Return Rank: 75
QQQM Sharpe Ratio Rank: 81
QQQM Sortino Ratio Rank: 76
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 70
QQQM Martin Ratio Rank: 71

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.

USAI vs. QQQM - Risk-Adjusted Trends 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.

	USAI	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.58	-1.15
Sortino ratio: Return per unit of downside risk	1.96	3.38	-1.42
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	2.49	3.43	-0.94
Martin ratio: Return relative to average drawdown	5.62	13.15	-7.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAI vs. QQQM - Sharpe Ratio Comparison

The current USAI Sharpe Ratio is 1.43, which is lower than the QQQM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of USAI and QQQM, 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

	USAI	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.58	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.81	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.84	-0.33

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 -35.04%. Use the drawdown chart below to compare losses from any high point for USAI and QQQM.

Drawdown Indicators

	USAI	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-65.25%	-35.04%	-30.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-11.96%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-18.22%	-22.70%	+4.48%
Max Drawdown (5Y) Largest decline over 5 years	-20.68%	-35.04%	+14.36%
Current Drawdown Current decline from peak	-4.60%	-0.75%	-3.85%
Average Drawdown Average peak-to-trough decline	-9.36%	-8.24%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	3.11%	+0.88%

Volatility

USAI vs. QQQM - Volatility Comparison

Pacer American Energy Independence ETF (USAI) has a higher volatility of 6.69% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.51%. This indicates that USAI's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USAI	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	4.51%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	12.06%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	15.91%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.56%	22.23%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	22.11%	+5.20%

USAI vs. QQQM - Expense Ratio Comparison

USAI has a 0.75% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

USAI vs. QQQM - Dividend Comparison

USAI's dividend yield for the trailing twelve months is around 4.13%, more than QQQM's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQM Invesco NASDAQ 100 ETF	0.42%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%
USAI Pacer American Energy Independence ETF	4.13%	5.03%	3.62%	4.99%	5.41%	6.15%	7.67%	6.50%	5.56%	0.08%

Frequently Asked Questions

Can I hold both USAI and QQQM in my portfolio?

USAI and QQQM have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USAI or QQQM?

USAI has higher volatility (6.69%) compared to QQQM (4.51%). In terms of maximum drawdown, USAI dropped -65.25% vs QQQM's -35.04%.

Which ETF is better, USAI or QQQM?

On 5-year performance, USAI leads with 18.67% vs 17.94% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USAI or QQQM?

Over the 5-year period, USAI has performed better with a 18.67% return vs 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USAI or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.75% for USAI.

Which ETF pays a higher dividend yield, USAI or QQQM?

USAI has the higher dividend yield at 4.13%, compared with 0.42% for QQQM.

What is the main difference between USAI and QQQM?

USAI is categorized as Energy Equities, while QQQM is Nasdaq-100. USAI tracks American Energy Independence Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.75% for USAI and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.58 vs 1.43), 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.