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United States Gasoline Fund LP (UGA) Sharpe Ratio: 2.41

ETF · Currency in USD · Last updated Jul 16, 2026

UGA is a passive ETF by Concierge Technologies tracking the investment results of the Front Month Unleaded Gasoline. UGA launched on Feb 26, 2008 and has a 0.75% expense ratio.

UGA's Sharpe Ratio of 2.41 indicates that for each unit of volatility, it generates 2.41 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

UGA Sharpe Ratio Rank

UGA Sharpe Ratio Rank: 90.090
Exceptional

UGA ranks above 90.0% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

UGA Sharpe Ratio Market Positioning

The chart shows UGA's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.76 or lower
  • Yellow zone (middle 50%): 0.76 to 1.92
  • Green zone (top 25%): 1.92 or higher
  • Top 1%: 6.69+
  • Median: 1.44 — half of all investments score higher

How it compares to other similar ETFs

The table compares United States Gasoline Fund LP's Sharpe Ratio with other ETFs in the Oil & Gas category across multiple time periods, showing how UGA's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
UGAUnited States Gasoline Fund LP2.41
DBEInvesco DB Energy Fund1.65
DBOInvesco DB Oil Fund1.48
USOUnited States Oil Fund LP1.37
BNOUnited States Brent Oil Fund LP1.36
OILKProShares K-1 Free Crude Oil Strategy ETF1.33
USLUnited States 12 Month Oil Fund LP1.29
UCOProShares Ultra Bloomberg Crude Oil1.18
USOICredit Suisse X-Links Crude Oil Shares Covered Call ETN1.04
KOLDProShares UltraShort Bloomberg Natural Gas0.10

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows UGA's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when UGA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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