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ETFs

Pacer American Energy Independence ETF

USAI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 13 2017
Expense Ratio
0.75%
Type
US Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$69,618
AUM
$44,081,920
Associated Index
American Energy Independence Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

WMB
Williams Cos Inc
7.60%
LNG
Cheniere Energy Inc.
7.37%
EPD
Enterprise Products Partners L P - Unit
7.27%
KMI
Kinder Morgan Inc - Ordinary Shares - Class P
6.96%
ENB
Enbridge Inc
6.49%
TRP
TC Energy Corporation
6.21%
OKE
Oneok Inc.
5.73%
TRGP
Targa Resources Corp
4.80%
ET
Energy Transfer LP - Unit
4.42%
MPLX
MPLX LP - Unit
4.26%
Invest with USAI

What is USAI?

USAI is passively managed, and seeks to track the American Energy Independence Index before fees and expenses. Many ETFs that invest in energy infrastructure have substantial investments in publicly traded partnerships such as MLPs, which can result in them being structured as C Corporations and therefore subject them to U.S. Federal corporate income tax. The American Energy Independence ETF seeks to keep its holdings of MLPs below the 25% threshold, since it seeks to be Regulated Investment Company or RIC-compliant and therefore not subject to U.S. Federal corporate income tax. The American Energy Independence Index is comprised of U.S. and Canadian energy infrastructure companies, Master Limited Partnerships (MLPs) and General Partners (GPs) of MLPs. Growing production of crude oil, natural gas and natural gas liquids is increasing the need for new infrastructure to move, process and store this output. This in turn reduces the need for the U.S. to rely on imports to meet its energy needs. It is therefore anticipated that as the U.S. becomes ever more energy independent, this will benefit North American infrastructure businesses, MLPs and GPs.

ETFs related toUSAI

ETFs correlated to USAI include MLPX, EMLP, IGE

USAI
Pacer Funds Trust - Pacer American Energy Independence ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
XOP
SPDR Series Trust - SPDR Oil & Gas Exploration and Production ETF
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

USAI is a US Equities ETF. USAI is passively managed, and seeks to track the American Energy Independence Index before fees and expenses. Many ETFs that invest in energy infrastructure have substantial investments in publicly traded partnerships such as MLPs, which can result in them being structured as C Corporations and therefore subject them to U.S. Federal corporate income tax. The American Energy Independence ETF seeks to keep its holdings of MLPs below the 25% threshold, since it seeks to be Regulated Investment Company or RIC-compliant and therefore not subject to U.S. Federal corporate income tax. The American Energy Independence Index is comprised of U.S. and Canadian energy infrastructure companies, Master Limited Partnerships (MLPs) and General Partners (GPs) of MLPs. Growing production of crude oil, natural gas and natural gas liquids is increasing the need for new infrastructure to move, process and store this output. This in turn reduces the need for the U.S. to rely on imports to meet its energy needs. It is therefore anticipated that as the U.S. becomes ever more energy independent, this will benefit North American infrastructure businesses, MLPs and GPs.

USAI tracks the American Energy Independence Index.

No, USAI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, USAI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USAI is 0.0171%. This is the percent change in the value of USAI over the most recent 1-month period. The 3-month return on USAI is 0.0645%. This is the percent change in the value of USAI over the most recent 3-month period.

The standard deviation of USAI for the past year is 0.2115%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to USAI include XLI, XLY, and XLV.

ETFs correlated to USAI include MLPX, EMLP, and IGE.

ETFs that are inversely correlated to USAI include DRIP, OILD, and DUG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.