ARKW vs. UGA
ARKW (ARK Next Generation Internet ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. ARKW is actively managed, while UGA is passively managed. Over the past 10 years, ARKW returned 22.53%/yr vs 14.31%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. ARKW charges 0.76%/yr vs 0.75%/yr for UGA.
Performance
ARKW vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a -4.76% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, ARKW has outperformed UGA with an annualized return of 22.53%, while UGA has yielded a comparatively lower 14.31% annualized return.
ARKW
- 1D
- -1.79%
- 1M
- -3.15%
- YTD
- -4.76%
- 6M
- -7.39%
- 1Y
- -0.64%
- 3Y*
- 36.73%
- 5Y*
- -1.21%
- 10Y*
- 22.53%
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%
ARKW vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.76% | 38.93% | 42.27% | 96.89% | -67.49% | -18.85% | 157.44% | 35.76% | 4.24% | 87.29% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between ARKW and UGA is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.13 |
The correlation between ARKW and UGA shifts across timeframes, from -0.13 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARKW vs. UGA — Risk / Return Rank
ARKW
UGA
ARKW vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) 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.
| ARKW | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.30 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.17 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.04 | 9.39 | -9.43 |
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Drawdowns
ARKW vs. UGA - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for ARKW and UGA.
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Drawdown Indicators
| ARKW | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -86.59% | +6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -18.96% | -17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | -26.68% | -9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | -38.11% | -39.25% |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | -75.89% | -4.63% |
Current DrawdownCurrent decline from peak | -23.67% | -18.05% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -36.69% | +12.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.14% | 6.43% | +11.71% |
Volatility
ARKW vs. UGA - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 11.08% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that ARKW'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
| ARKW | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | 9.24% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 24.74% | 30.57% | -5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 35.22% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.66% | 34.45% | +9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.78% | 37.22% | +0.56% |
ARKW vs. UGA - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
ARKW vs. UGA - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.67%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
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
ARKW and UGA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKW has higher volatility (11.08%) compared to UGA (9.24%). In terms of maximum drawdown, ARKW dropped -80.52% vs UGA's -86.59%.
On 10-year performance, ARKW leads with 22.53% vs 14.31% for UGA. On fees, UGA is cheaper at 0.75% per year. 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 10-year period, ARKW has performed better with a 22.53% return vs 14.31%. 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 0.76% for ARKW.
ARKW has the higher dividend yield at 1.67%, compared with 0.00% for UGA.
ARKW is categorized as Mid Cap Growth Equities, while UGA is Oil & Gas. They also come from different issuers: ARK and Concierge Technologies. Their fees differ too: 0.76% for ARKW and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.02), 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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