ABFL vs. UGA
ABFL (Abacus FCF Leaders ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - ABFL is a Large Cap Blend Equities fund actively managed by Abacus, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. ABFL is actively managed, while UGA is passively managed. Over the past 5 years, ABFL returned 12.77%/yr vs 25.10%/yr for UGA. At a 0.17 correlation, their price movements are largely independent. ABFL charges 0.49%/yr vs 0.75%/yr for UGA.
Performance
ABFL vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ABFL achieves a 17.63% return, which is significantly lower than UGA's 75.49% return.
ABFL
- 1D
- 0.02%
- 1M
- 6.04%
- YTD
- 17.63%
- 6M
- 17.18%
- 1Y
- 20.72%
- 3Y*
- 19.01%
- 5Y*
- 12.77%
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
ABFL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABFL Abacus FCF Leaders ETF | 17.63% | 8.07% | 18.26% | 22.97% | -14.60% | 30.66% | 18.30% | 26.03% | -6.26% | 15.23% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 17.74% |
Correlation
The correlation between ABFL and UGA is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017 | 0.17 |
The correlation between ABFL and UGA shifts across timeframes, from -0.26 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ABFL vs. UGA — Risk / Return Rank
ABFL
UGA
ABFL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Leaders ETF (ABFL) and United States Gasoline Fund LP (UGA). 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.
| ABFL | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 5.47 | -2.56 |
| Martin ratioReturn relative to average drawdown | 9.41 | 13.25 | -3.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ABFL | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.32 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.73 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.12 | +0.67 |
Drawdowns
ABFL vs. UGA - Drawdown Comparison
The maximum ABFL drawdown since its inception was -34.95%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for ABFL and UGA.
Loading charts...
Drawdown Indicators
| ABFL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -86.59% | +51.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -14.88% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.92% | -26.68% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -38.11% | +16.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -12.35% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -36.76% | +31.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 6.13% | -3.92% |
Volatility
ABFL vs. UGA - Volatility Comparison
The current volatility for Abacus FCF Leaders ETF (ABFL) is 4.48%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that ABFL experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ABFL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 11.66% | -7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 30.41% | -18.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 35.14% | -19.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 34.38% | -17.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 37.27% | -18.56% |
ABFL vs. UGA - Expense Ratio Comparison
ABFL has a 0.49% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
ABFL vs. UGA - Dividend Comparison
ABFL's dividend yield for the trailing twelve months is around 0.53%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ABFL Abacus FCF Leaders ETF | 0.53% | 0.62% | 0.70% | 0.94% | 1.36% | 9.63% | 0.41% | 0.72% | 0.62% | 0.40% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ABFL and UGA have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to ABFL (4.48%). In terms of maximum drawdown, ABFL dropped -34.95% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 12.77% for ABFL. On fees, ABFL is cheaper at 0.49% per year. On volatility, ABFL has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 25.10% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABFL is cheaper with a 0.49% expense ratio, compared with 0.75% for UGA.
ABFL has the higher dividend yield at 0.53%, compared with 0.00% for UGA.
ABFL is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. They also come from different issuers: Abacus and Concierge Technologies. Their fees differ too: 0.49% for ABFL and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 1.36), 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.
Find the right allocation for ABFL and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer