AIVI vs. UGA
AIVI (WisdomTree International Al Enhanced Value Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AIVI is a Foreign Large Cap Equities fund actively managed by WisdomTree, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AIVI is actively managed, while UGA is passively managed. Over the past 10 years, AIVI returned 9.43%/yr vs 13.99%/yr for UGA. At a 0.28 correlation, their price movements are largely independent. AIVI charges 0.58%/yr vs 0.75%/yr for UGA.
Performance
AIVI vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, AIVI achieves a 10.09% return, which is significantly lower than UGA's 59.54% return. Over the past 10 years, AIVI has underperformed UGA with an annualized return of 9.43%, while UGA has yielded a comparatively higher 13.99% annualized return.
AIVI
- 1D
- -0.22%
- 1M
- -0.23%
- YTD
- 10.09%
- 6M
- 9.98%
- 1Y
- 23.39%
- 3Y*
- 18.69%
- 5Y*
- 10.42%
- 10Y*
- 9.43%
UGA
- 1D
- -2.77%
- 1M
- -14.54%
- YTD
- 59.54%
- 6M
- 55.91%
- 1Y
- 62.68%
- 3Y*
- 17.85%
- 5Y*
- 22.22%
- 10Y*
- 13.99%
AIVI vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIVI WisdomTree International Al Enhanced Value Fund | 10.09% | 38.68% | 2.07% | 18.11% | -9.78% | 9.33% | -1.28% | 17.55% | -9.25% | 20.63% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between AIVI and UGA is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2008 | 0.28 |
The correlation between AIVI and UGA shifts across timeframes, from -0.30 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIVI vs. UGA — Risk / Return Rank
AIVI
UGA
AIVI vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Al Enhanced Value Fund (AIVI) 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.
| AIVI | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.10 | -0.95 |
| Martin ratioReturn relative to average drawdown | 7.47 | 9.66 | -2.19 |
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Drawdowns
AIVI vs. UGA - Drawdown Comparison
The maximum AIVI drawdown since its inception was -65.98%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AIVI and UGA.
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Drawdown Indicators
| AIVI | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.98% | -86.59% | +20.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -20.32% | +9.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.71% | -26.68% | +14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.05% | -38.11% | +10.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.42% | -75.89% | +40.47% |
Current DrawdownCurrent decline from peak | -2.09% | -20.32% | +18.23% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -36.69% | +21.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 6.51% | -3.37% |
Volatility
AIVI vs. UGA - Volatility Comparison
The current volatility for WisdomTree International Al Enhanced Value Fund (AIVI) is 4.19%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that AIVI 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
| AIVI | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 9.45% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 30.74% | -19.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 34.84% | -21.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 34.47% | -19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 37.22% | -21.06% |
AIVI vs. UGA - Expense Ratio Comparison
AIVI has a 0.58% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
AIVI vs. UGA - Dividend Comparison
AIVI's dividend yield for the trailing twelve months is around 4.19%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVI WisdomTree International Al Enhanced Value Fund | 4.19% | 4.70% | 4.94% | 5.05% | 4.32% | 5.53% | 3.50% | 4.31% | 4.21% | 3.65% | 3.98% | 4.23% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
AIVI and UGA have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.45%) compared to AIVI (4.19%). In terms of maximum drawdown, AIVI dropped -65.98% vs UGA's -86.59%.
On 10-year performance, UGA leads with 13.99% vs 9.43% for AIVI. On fees, AIVI is cheaper at 0.58% per year. On volatility, AIVI has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 13.99% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIVI is cheaper with a 0.58% expense ratio, compared with 0.75% for UGA.
AIVI has the higher dividend yield at 4.19%, compared with 0.00% for UGA.
AIVI is categorized as Foreign Large Cap Equities, while UGA is Oil & Gas. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 0.58% for AIVI and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs 1.74), 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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