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AIVL vs. UGA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AIVL vs. UGA

Last updated Jun 5, 2026

AIVL (WisdomTree U.S. Al Enhanced Value Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AIVL is a Mid Cap Value Equities fund actively managed by WisdomTree, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AIVL is actively managed, while UGA is passively managed. Over the past 10 years, AIVL returned 8.24%/yr vs 14.27%/yr for UGA. At a 0.26 correlation, their price movements are largely independent. AIVL charges 0.38%/yr vs 0.75%/yr for UGA.

Performance

AIVL vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Al Enhanced Value Fund (AIVL) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AIVL achieves a 10.60% return, which is significantly lower than UGA's 70.69% return. Over the past 10 years, AIVL has underperformed UGA with an annualized return of 8.24%, while UGA has yielded a comparatively higher 14.27% annualized return.

AIVL

1D
0.01%
1M
2.83%
YTD
10.60%
6M
11.55%
1Y
16.62%
3Y*
14.47%
5Y*
7.05%
10Y*
8.24%

UGA

1D
-2.73%
1M
-12.25%
YTD
70.69%
6M
59.72%
1Y
79.48%
3Y*
20.80%
5Y*
24.41%
10Y*
14.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVL vs. UGA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AIVL
WisdomTree U.S. Al Enhanced Value Fund		10.60%9.72%13.49%7.17%-7.26%24.30%-5.82%24.40%-9.57%13.77%
UGA
United States Gasoline Fund LP		70.69%-2.00%3.77%1.27%46.34%68.49%-24.88%41.25%-28.07%1.69%

Correlation

The correlation between AIVL and UGA is -0.20, 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

-0.20

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Feb 29, 2008

0.26

The correlation between AIVL and UGA shifts across timeframes, from -0.20 (1 year) to 0.26 (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.

WisdomTree U.S. Al Enhanced Value Fund

United States Gasoline Fund LP

Often compared with AIVL:
AIVL vs. AIQAIVL vs. AIVIAIVL vs. CGDVAIVL vs. VWRA.LAIVL vs. AOAAIVL vs. FLRTAIVL vs. JEPQ
Often compared with UGA:
UGA vs. URAUGA vs. FCGUGA vs. QQQUGA vs. VOOUGA vs. USOUGA vs. SPYUGA vs. FNGS

Return for Risk

AIVL vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AIVL
AIVL Risk / Return Rank: 4545
Overall Rank
AIVL Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
AIVL Sortino Ratio Rank: 4444
Sortino Ratio Rank
AIVL Omega Ratio Rank: 4242
Omega Ratio Rank
AIVL Calmar Ratio Rank: 4444
Calmar Ratio Rank
AIVL Martin Ratio Rank: 5151
Martin Ratio Rank
UGA
UGA Risk / Return Rank: 7070
Overall Rank
UGA Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
UGA Sortino Ratio Rank: 5858
Sortino Ratio Rank
UGA Omega Ratio Rank: 6262
Omega Ratio Rank
UGA Calmar Ratio Rank: 8989
Calmar Ratio Rank
UGA Martin Ratio Rank: 7070
Martin Ratio Rank
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.

AIVL vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Al Enhanced Value Fund (AIVL) 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.

AIVLUGADifference
Sharpe ratioReturn per unit of total volatility
1.49
2.27

-0.78

Sortino ratioReturn per unit of downside risk
2.18
2.71

-0.53

Omega ratioGain probability vs. loss probability

1.27

1.37

-0.10

Calmar ratioReturn relative to maximum drawdown

2.13

5.37

-3.24

Martin ratioReturn relative to average drawdown

8.60

12.86

-4.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIVL vs. UGA - Sharpe Ratio Comparison

The current AIVL Sharpe Ratio is 1.49, which is lower than the UGA Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AIVL 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.

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Sharpe Ratios by Period

AIVLUGADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

2.27

-0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.71

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.38

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.12

+0.31

Drawdowns

AIVL vs. UGA - Drawdown Comparison

The maximum AIVL drawdown since its inception was -62.48%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AIVL and UGA.

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Drawdown Indicators

AIVLUGADifference

Max Drawdown

Largest peak-to-trough decline

-62.48%

-86.59%

+24.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.85%

-14.88%

+7.03%

Max Drawdown (3Y)

Largest decline over 3 years

-14.48%

-26.68%

+12.20%

Max Drawdown (5Y)

Largest decline over 5 years

-19.08%

-38.11%

+19.03%

Max Drawdown (10Y)

Largest decline over 10 years

-41.16%

-75.89%

+34.73%

Current Drawdown

Current decline from peak

-0.22%

-14.75%

+14.53%

Average Drawdown

Average peak-to-trough decline

-7.91%

-36.76%

+28.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

6.20%

-4.26%

Volatility

AIVL vs. UGA - Volatility Comparison

The current volatility for WisdomTree U.S. Al Enhanced Value Fund (AIVL) is 2.98%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that AIVL 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

AIVLUGADifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

11.64%

-8.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

30.48%

-21.86%

Volatility (1Y)

Calculated over the trailing 1-year period

11.19%

35.27%

-24.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

34.40%

-19.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.34%

37.27%

-19.93%

AIVL vs. UGA - Expense Ratio Comparison

AIVL has a 0.38% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

AIVL vs. UGA - Dividend Comparison

AIVL's dividend yield for the trailing twelve months is around 1.45%, while UGA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
AIVL
WisdomTree U.S. Al Enhanced Value Fund		1.45%1.61%2.13%2.43%2.08%2.75%3.55%3.25%4.18%3.16%3.20%3.41%
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

AIVL and UGA have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UGA has higher volatility (11.64%) compared to AIVL (2.98%). In terms of maximum drawdown, AIVL dropped -62.48% vs UGA's -86.59%.

On 10-year performance, UGA leads with 14.27% vs 8.24% for AIVL. On fees, AIVL is cheaper at 0.38% per year. On volatility, AIVL has been the lower-risk option at 2.98%. 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 14.27% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AIVL is cheaper with a 0.38% expense ratio, compared with 0.75% for UGA.

AIVL has the higher dividend yield at 1.45%, compared with 0.00% for UGA.

AIVL is categorized as Mid Cap Value Equities, while UGA is Oil & Gas. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 0.38% for AIVL and 0.75% for UGA.

UGA currently has the higher Sharpe Ratio (2.27 vs 1.49), 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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