AMOM vs. UGA
AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AMOM is a Momentum fund actively managed by Exchange Traded Concepts, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AMOM is actively managed, while UGA is passively managed. Over the past 5 years, AMOM returned 11.70%/yr vs 22.69%/yr for UGA. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
AMOM vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, AMOM achieves a 26.78% return, which is significantly lower than UGA's 64.09% return.
AMOM
- 1D
- -4.33%
- 1M
- 5.97%
- YTD
- 26.78%
- 6M
- 24.27%
- 1Y
- 40.35%
- 3Y*
- 26.54%
- 5Y*
- 11.70%
- 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%
AMOM vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 26.78% | 7.69% | 35.79% | 27.06% | -26.29% | 13.08% | 53.81% | 9.64% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 1.00% |
Correlation
The correlation between AMOM and UGA is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 21, 2019 | 0.12 |
The correlation between AMOM and UGA shifts across timeframes, from -0.16 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMOM vs. UGA — Risk / Return Rank
AMOM
UGA
AMOM vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) 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.
| AMOM | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.17 | -0.07 |
| Martin ratioReturn relative to average drawdown | 10.70 | 9.39 | +1.31 |
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Drawdowns
AMOM vs. UGA - Drawdown Comparison
The maximum AMOM drawdown since its inception was -39.68%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AMOM and UGA.
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Drawdown Indicators
| AMOM | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.68% | -86.59% | +46.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -18.96% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -30.26% | -26.68% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.68% | -38.11% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -4.33% | -18.05% | +13.72% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -36.69% | +25.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 6.43% | -2.65% |
Volatility
AMOM vs. UGA - Volatility Comparison
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 12.24% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that AMOM'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
| AMOM | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.24% | 9.24% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 30.57% | -10.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.29% | 35.22% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.26% | 34.45% | -10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 37.22% | -12.00% |
AMOM vs. UGA - Expense Ratio Comparison
Both AMOM and UGA have an expense ratio of 0.75%.
Dividends
AMOM vs. UGA - Dividend Comparison
AMOM's dividend yield for the trailing twelve months is around 0.07%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 0.07% | 0.09% | 0.00% | 0.47% | 0.72% | 0.74% | 24.31% | 5.51% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMOM and UGA have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMOM has higher volatility (12.24%) compared to UGA (9.24%). In terms of maximum drawdown, AMOM dropped -39.68% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 11.70% for AMOM. 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.
Over the 5-year period, UGA has performed better with a 22.69% return vs 11.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMOM and UGA have the same expense ratio: 0.75% per year.
AMOM has the higher dividend yield at 0.07%, compared with 0.00% for UGA.
AMOM is categorized as Momentum, while UGA is Oil & Gas. They also come from different issuers: Exchange Traded Concepts and Concierge Technologies.
UGA currently has the higher Sharpe Ratio (1.73 vs 1.67), 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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