AIYY vs. UGA
AIYY (YieldMax AI Option Income Strategy ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AIYY is a Derivative Income fund actively managed by YieldMax, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AIYY is actively managed, while UGA is passively managed. Over the past year, AIYY returned -58.54% vs 79.48% for UGA. At a correlation of -0.00, they often move in opposite directions. AIYY charges 0.99%/yr vs 0.75%/yr for UGA.
Performance
AIYY vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, AIYY achieves a -24.75% return, which is significantly lower than UGA's 70.69% return.
AIYY
- 1D
- -0.65%
- 1M
- 7.32%
- YTD
- -24.75%
- 6M
- -31.87%
- 1Y
- -58.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
AIYY vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AIYY YieldMax AI Option Income Strategy ETF | -24.75% | -58.98% | -14.74% | -1.63% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | -4.05% |
Correlation
The correlation between AIYY and UGA is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023 | -0.00 |
The correlation between AIYY and UGA shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIYY vs. UGA — Risk / Return Rank
AIYY
UGA
AIYY vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AI Option Income Strategy ETF (AIYY) 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.
| AIYY | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.37 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 5.37 | -6.23 |
| Martin ratioReturn relative to average drawdown | -1.23 | 12.86 | -14.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIYY | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.09 | 2.27 | -3.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.12 | -0.94 |
Drawdowns
AIYY vs. UGA - Drawdown Comparison
The maximum AIYY drawdown since its inception was -79.48%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AIYY and UGA.
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Drawdown Indicators
| AIYY | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.48% | -86.59% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -68.33% | -14.88% | -53.45% |
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 DrawdownCurrent decline from peak | -75.42% | -14.75% | -60.67% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -36.76% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.79% | 6.20% | +41.59% |
Volatility
AIYY vs. UGA - Volatility Comparison
YieldMax AI Option Income Strategy ETF (AIYY) has a higher volatility of 15.68% compared to United States Gasoline Fund LP (UGA) at 11.64%. This indicates that AIYY'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.
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Volatility by Period
| AIYY | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.68% | 11.64% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 39.13% | 30.48% | +8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.75% | 35.27% | +18.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.48% | 34.40% | +16.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.48% | 37.27% | +13.21% |
AIYY vs. UGA - Expense Ratio Comparison
AIYY has a 0.99% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
AIYY vs. UGA - Dividend Comparison
AIYY's dividend yield for the trailing twelve months is around 164.66%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AIYY YieldMax AI Option Income Strategy ETF | 164.66% | 168.33% | 98.26% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIYY and UGA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIYY has higher volatility (15.68%) compared to UGA (11.64%). In terms of maximum drawdown, AIYY dropped -79.48% vs UGA's -86.59%.
On 1-year performance, UGA leads with 79.48% vs -58.54% for AIYY. On fees, UGA is cheaper at 0.75% per year. On volatility, UGA has been the lower-risk option at 11.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UGA has performed better with a 79.48% return vs -58.54%. 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 0.99% for AIYY.
AIYY has the higher dividend yield at 164.66%, compared with 0.00% for UGA.
AIYY is categorized as Derivative Income, while UGA is Oil & Gas. They also come from different issuers: YieldMax and Concierge Technologies. Their fees differ too: 0.99% for AIYY and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.27 vs -1.09), 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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