AIS vs. UGA

Last updated Jun 24, 2026

AIS (VistaShares Artificial Intelligence Supercycle ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AIS is a Technology Equities fund actively managed by VistaShares, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AIS is actively managed, while UGA is passively managed. Over the past year, AIS returned 204.96% vs 59.74% for UGA. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

AIS vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Artificial Intelligence Supercycle ETF (AIS) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIS achieves a 113.37% return, which is significantly higher than UGA's 64.09% return.

AIS

• 1D: -8.85%
• 1M: 12.86%
• YTD: 113.37%
• 6M: 114.50%
• 1Y: 204.96%
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIS vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIS VistaShares Artificial Intelligence Supercycle ETF	113.37%	58.35%	-4.74%
UGA United States Gasoline Fund LP	64.09%	-2.00%	4.67%

Correlation

The correlation between AIS and UGA is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	-0.03

The correlation between AIS and UGA shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AIS vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIS

AIS Risk / Return Rank: 96
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 94
AIS Omega Ratio Rank: 94
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIS vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Artificial Intelligence Supercycle ETF (AIS) 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.

	AIS	UGA	Difference
Sharpe ratio: Return per unit of total volatility	4.96	1.73	+3.23
Sortino ratio: Return per unit of downside risk	4.50	2.25	+2.25
Omega ratio: Gain probability vs. loss probability	1.65	1.30	+0.35
Calmar ratio: Return relative to maximum drawdown	13.02	3.17	+9.86
Martin ratio: Return relative to average drawdown	39.90	9.39	+30.51

AIS vs. UGA - Sharpe Ratio Comparison

The current AIS Sharpe Ratio is 4.96, which is higher than the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of AIS and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIS vs. UGA - Drawdown Comparison

The maximum AIS drawdown since its inception was -32.78%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AIS and UGA.

Drawdown Indicators

	AIS	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-86.59%	+53.81%
Max Drawdown (1Y) Largest decline over 1 year	-15.84%	-18.96%	+3.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-8.85%	-18.05%	+9.20%
Average Drawdown Average peak-to-trough decline	-5.48%	-36.69%	+31.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	6.43%	-1.27%

Volatility

AIS vs. UGA - Volatility Comparison

VistaShares Artificial Intelligence Supercycle ETF (AIS) has a higher volatility of 23.82% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that AIS's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIS	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.82%	9.24%	+14.58%
Volatility (6M) Calculated over the trailing 6-month period	36.25%	30.57%	+5.68%
Volatility (1Y) Calculated over the trailing 1-year period	41.61%	35.22%	+6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.09%	34.45%	+6.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.09%	37.22%	+3.87%

AIS vs. UGA - Expense Ratio Comparison

Both AIS and UGA have an expense ratio of 0.75%.

Dividends

AIS vs. UGA - Dividend Comparison

Neither AIS nor UGA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIS and UGA in my portfolio?

AIS and UGA have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIS or UGA?

AIS has higher volatility (23.82%) compared to UGA (9.24%). In terms of maximum drawdown, AIS dropped -32.78% vs UGA's -86.59%.

Which ETF is better, AIS or UGA?

On 1-year performance, AIS leads with 204.96% vs 59.74% for UGA. Both ETFs have the same 0.75% expense ratio. On volatility, UGA has been the lower-risk option at 9.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIS or UGA?

Over the 1-year period, AIS has performed better with a 204.96% return vs 59.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIS or UGA?

AIS and UGA have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, AIS or UGA?

AIS and UGA have nearly identical dividend yields, around 0.00%.

What is the main difference between AIS and UGA?

AIS is categorized as Technology Equities, while UGA is Oil & Gas. They also come from different issuers: VistaShares and Concierge Technologies.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (4.96 vs 1.73), 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.