USNG vs. PSCE

Last updated Jul 17, 2026

USNG (Amplify Samsung U.S. Natural Gas Infrastructure ETF) and PSCE (Invesco S&P SmallCap Energy ETF) are both Energy Equities funds. USNG is actively managed, while PSCE is passively managed. Over the past year, USNG returned 39.20% vs 48.59% for PSCE. At a 0.48 correlation, their price movements are largely independent. USNG charges 0.59%/yr vs 0.29%/yr for PSCE.

Performance

USNG vs. PSCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) and Invesco S&P SmallCap Energy ETF (PSCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USNG achieves a 28.87% return, which is significantly lower than PSCE's 32.92% return.

USNG

• 1D: -1.44%
• 1M: -1.76%
• 6M: 21.91%
• YTD: 28.87%
• 1Y: 39.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSCE

• 1D: -1.13%
• 1M: -0.50%
• 6M: 22.03%
• YTD: 32.92%
• 1Y: 48.59%
• 3Y*: 6.63%
• 5Y*: 12.95%
• 10Y*: -2.42%

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

USNG vs. PSCE - Yearly Performance Comparison

	2026 (YTD)	2025
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	28.87%	10.51%
PSCE Invesco S&P SmallCap Energy ETF	32.92%	14.99%

Correlation

The correlation between USNG and PSCE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 20, 2025	0.48

USNG vs. PSCE - Sectors Allocation Comparison

Sectors	USNG	PSCE
Energy	77.0%	98.5%
Industrials	14.9%	-
Utilities	4.9%	-
Basic Materials	1.6%	1.4%
Financial Services	1.6%	0.2%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

USNG vs. PSCE — Risk / Return Rank

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

USNG

USNG Risk / Return Rank: 88
USNG Sharpe Ratio Rank: 89
USNG Sortino Ratio Rank: 86
USNG Omega Ratio Rank: 82
USNG Calmar Ratio Rank: 95
USNG Martin Ratio Rank: 90

PSCE

PSCE Risk / Return Rank: 66
PSCE Sharpe Ratio Rank: 70
PSCE Sortino Ratio Rank: 63
PSCE Omega Ratio Rank: 59
PSCE Calmar Ratio Rank: 74
PSCE Martin Ratio Rank: 66

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.

USNG vs. PSCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) and Invesco S&P SmallCap Energy ETF (PSCE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	USNG	PSCE	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.79	+0.54
Sortino ratio: Return per unit of downside risk	3.17	2.36	+0.81
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	5.78	3.02	+2.76
Martin ratio: Return relative to average drawdown	16.23	9.37	+6.86

USNG vs. PSCE - Sharpe Ratio Comparison

The current USNG Sharpe Ratio is 2.33, which is comparable to the PSCE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of USNG and PSCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USNG vs. PSCE - Drawdown Comparison

The maximum USNG drawdown since its inception was -6.82%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for USNG and PSCE.

Drawdown Indicators

	USNG	PSCE	Difference
Max Drawdown Largest peak-to-trough decline	-6.82%	-96.21%	+89.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-16.17%	+9.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-44.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.70%	—
Current Drawdown Current decline from peak	-5.97%	-76.38%	+70.41%
Average Drawdown Average peak-to-trough decline	-1.63%	-58.94%	+57.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	5.20%	-2.78%

Volatility

USNG vs. PSCE - Volatility Comparison

The current volatility for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) is 5.62%, while Invesco S&P SmallCap Energy ETF (PSCE) has a volatility of 7.64%. This indicates that USNG experiences smaller price fluctuations and is considered to be less risky than PSCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USNG	PSCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	7.64%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	19.71%	-6.71%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	27.26%	-10.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	37.16%	-20.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	43.03%	-26.26%

USNG vs. PSCE - Expense Ratio Comparison

USNG has a 0.59% expense ratio, which is higher than PSCE's 0.29% expense ratio.

Dividends

USNG vs. PSCE - Dividend Comparison

USNG's dividend yield for the trailing twelve months is around 1.49%, less than PSCE's 2.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	2.27%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.49%	1.10%	0.00%	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 USNG and PSCE in my portfolio?

USNG and PSCE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNG or PSCE?

PSCE has higher volatility (7.64%) compared to USNG (5.62%). In terms of maximum drawdown, USNG dropped -6.82% vs PSCE's -96.21%.

Which ETF is better, USNG or PSCE?

On 1-year performance, PSCE leads with 48.59% vs 39.20% for USNG. On fees, PSCE is cheaper at 0.29% per year. On volatility, USNG has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNG or PSCE?

Over the 1-year period, PSCE has performed better with a 48.59% return vs 39.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNG or PSCE?

PSCE is cheaper with a 0.29% expense ratio, compared with 0.59% for USNG.

Which ETF pays a higher dividend yield, USNG or PSCE?

PSCE has the higher dividend yield at 2.27%, compared with 1.49% for USNG.

What is the main difference between USNG and PSCE?

They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for USNG and 0.29% for PSCE.

Which has better risk-adjusted returns?

USNG currently has the higher Sharpe Ratio (2.33 vs 1.79), 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.