Correlation
The correlation between USAI and ^GSPC is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
USAI vs. ^GSPC
Compare and contrast key facts about Pacer American Energy Independence ETF (USAI) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USAI or ^GSPC.
Performance
USAI vs. ^GSPC - Performance Comparison
Loading data...
Key characteristics
USAI:
1.29
^GSPC:
0.52
USAI:
1.46
^GSPC:
0.78
USAI:
1.22
^GSPC:
1.11
USAI:
1.33
^GSPC:
0.48
USAI:
4.33
^GSPC:
1.81
USAI:
5.58%
^GSPC:
4.99%
USAI:
22.15%
^GSPC:
19.70%
USAI:
-65.25%
^GSPC:
-56.78%
USAI:
-9.11%
^GSPC:
-5.56%
Returns By Period
In the year-to-date period, USAI achieves a 0.04% return, which is significantly higher than ^GSPC's -1.34% return.
USAI
0.04%
0.42%
-4.71%
27.94%
16.27%
26.26%
N/A
^GSPC
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
USAI vs. ^GSPC — Risk-Adjusted Performance Rank
USAI
^GSPC
USAI vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer American Energy Independence ETF (USAI) and S&P 500 (^GSPC). 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.
Loading data...
Drawdowns
USAI vs. ^GSPC - Drawdown Comparison
The maximum USAI drawdown since its inception was -65.25%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for USAI and ^GSPC.
Loading data...
Volatility
USAI vs. ^GSPC - Volatility Comparison
Pacer American Energy Independence ETF (USAI) and S&P 500 (^GSPC) have volatilities of 4.53% and 4.37%, 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.
Loading data...