ADIV vs. UGA
ADIV (SmartETFs Asia Pacific Dividend Builder ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson Asset Management, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. ADIV is actively managed, while UGA is passively managed. Over the past 5 years, ADIV returned 6.34%/yr vs 22.69%/yr for UGA. At a 0.10 correlation, their price movements are largely independent. ADIV charges 0.78%/yr vs 0.75%/yr for UGA.
Performance
ADIV vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, ADIV achieves a 5.85% return, which is significantly lower than UGA's 64.09% return.
ADIV
- 1D
- -2.00%
- 1M
- -0.04%
- YTD
- 5.85%
- 6M
- 5.74%
- 1Y
- 13.74%
- 3Y*
- 17.39%
- 5Y*
- 6.34%
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
ADIV vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ADIV SmartETFs Asia Pacific Dividend Builder ETF | 5.85% | 21.86% | 14.47% | 12.28% | -18.00% | 1.41% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 29.62% |
Correlation
The correlation between ADIV and UGA is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021 | 0.10 |
The correlation between ADIV and UGA shifts across timeframes, from -0.22 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ADIV vs. UGA — Risk / Return Rank
ADIV
UGA
ADIV vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) 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.
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.
| ADIV | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.17 | -1.81 |
| Martin ratioReturn relative to average drawdown | 4.40 | 9.39 | -4.99 |
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Drawdowns
ADIV vs. UGA - Drawdown Comparison
The maximum ADIV drawdown since its inception was -31.55%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for ADIV and UGA.
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Drawdown Indicators
| ADIV | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.55% | -86.59% | +55.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -18.96% | +8.81% |
Max Drawdown (3Y)Largest decline over 3 years | -18.53% | -26.68% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.55% | -38.11% | +6.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.17% | -18.05% | +14.88% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -36.69% | +28.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 6.43% | -3.30% |
Volatility
ADIV vs. UGA - Volatility Comparison
The current volatility for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is 5.46%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that ADIV 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.
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Volatility by Period
| ADIV | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 9.24% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 30.57% | -19.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 35.22% | -21.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 34.45% | -17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 37.22% | -20.82% |
ADIV vs. UGA - Expense Ratio Comparison
ADIV has a 0.78% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
ADIV vs. UGA - Dividend Comparison
ADIV's dividend yield for the trailing twelve months is around 3.66%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ADIV SmartETFs Asia Pacific Dividend Builder ETF | 3.66% | 2.77% | 4.83% | 4.55% | 2.98% | 13.85% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ADIV and UGA have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to ADIV (5.46%). In terms of maximum drawdown, ADIV dropped -31.55% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 6.34% for ADIV. On fees, UGA is cheaper at 0.75% per year. On volatility, ADIV has been the lower-risk option at 5.46%. 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 22.69% return vs 6.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.78% for ADIV.
ADIV has the higher dividend yield at 3.66%, compared with 0.00% for UGA.
ADIV is categorized as Asia Pacific Equities, while UGA is Oil & Gas. They also come from different issuers: Guinness Atkinson Asset Management and Concierge Technologies. Their fees differ too: 0.78% for ADIV and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs 0.99), 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.
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