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United States Gasoline Fund LP (UGA)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US91201T1025

CUSIP

91201T102

Inception Date

Feb 26, 2008

Category

Oil & Gas

Leveraged

1x

Index Tracked

Front Month Unleaded Gasoline

Asset Class

Commodity

Expense Ratio

UGA has an expense ratio of 0.75%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

United States Gasoline Fund LP (UGA) returned -5.35% year-to-date (YTD) and -11.83% over the past 12 months. Over the past 10 years, UGA returned 4.13% annually, underperforming the S&P 500 benchmark at 10.45%.


UGA

YTD

-5.35%

1M

4.23%

6M

-4.22%

1Y

-11.83%

5Y*

31.35%

10Y*

4.13%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of UGA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.59%-2.31%2.78%-11.41%4.74%-5.35%
20244.83%4.90%6.26%0.08%-8.86%4.48%-0.30%-7.63%-6.15%5.89%-2.55%4.48%3.77%
20233.15%-4.98%3.47%-4.00%-0.99%8.45%17.04%-3.95%-3.95%-6.78%-1.49%-2.30%1.27%
202215.16%9.65%7.68%10.09%19.62%-7.53%-8.23%-15.07%-0.21%13.21%-3.55%4.06%46.34%
202110.24%16.79%0.67%5.11%3.68%4.43%4.49%-2.43%4.98%10.66%-15.30%13.87%68.49%
2020-12.11%-9.21%-60.81%22.83%35.88%12.20%-1.21%8.76%-2.16%-11.35%20.22%14.51%-24.88%
20194.98%13.26%7.86%11.67%-13.56%8.78%0.68%-10.01%4.40%4.25%0.76%5.58%41.25%
20185.56%-8.12%4.56%4.95%1.86%-0.06%-1.59%0.88%5.49%-16.13%-19.27%-6.38%-28.07%
2017-8.59%-2.41%-2.36%-9.79%3.54%-4.83%12.91%11.98%-8.19%10.62%0.29%1.99%1.69%
2016-12.88%-5.88%6.54%9.70%-0.21%-7.15%-13.05%6.29%14.95%-2.03%3.81%11.58%7.04%
2015-3.51%17.85%-10.28%15.53%0.94%1.43%-11.26%-7.19%-6.75%-0.73%-3.28%-3.72%-14.32%
2014-5.99%6.53%-1.73%2.63%0.78%3.34%-7.61%-1.41%-4.98%-9.24%-12.88%-20.84%-43.02%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UGA is 6, meaning it’s performing worse than 94% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of UGA is 66
Overall Rank
The Sharpe Ratio Rank of UGA is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of UGA is 66
Sortino Ratio Rank
The Omega Ratio Rank of UGA is 77
Omega Ratio Rank
The Calmar Ratio Rank of UGA is 44
Calmar Ratio Rank
The Martin Ratio Rank of UGA is 44
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for United States Gasoline Fund LP (UGA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

United States Gasoline Fund LP Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: -0.44
  • 5-Year: 0.89
  • 10-Year: 0.11
  • All Time: 0.03

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of United States Gasoline Fund LP compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History


United States Gasoline Fund LP doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the United States Gasoline Fund LP. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the United States Gasoline Fund LP was 86.59%, occurring on Mar 24, 2020. Recovery took 535 trading sessions.

The current United States Gasoline Fund LP drawdown is 25.53%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-86.59%Jul 3, 20082951Mar 24, 2020535May 6, 20223486
-38.11%Jun 6, 2022130Dec 8, 2022
-7.95%Mar 13, 20083Mar 17, 200811Apr 2, 200814
-7.48%May 9, 20222May 10, 20222May 12, 20224
-7.31%May 17, 20222May 18, 20227May 27, 20229

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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