AUGU vs. UGA

Last updated Jun 26, 2026

AUGU (AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AUGU is a Options Trading fund actively managed by Allianz, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AUGU is actively managed, while UGA is passively managed. Over the past year, AUGU returned 16.53% vs 70.24% for UGA. At a correlation of -0.09, they often move in opposite directions. AUGU charges 0.74%/yr vs 0.75%/yr for UGA.

Performance

AUGU vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUGU achieves a 5.56% return, which is significantly lower than UGA's 66.14% return.

AUGU

• 1D: -0.01%
• 1M: -2.35%
• YTD: 5.56%
• 6M: 4.63%
• 1Y: 16.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGA

• 1D: 4.14%
• 1M: -5.40%
• YTD: 66.14%
• 6M: 62.36%
• 1Y: 70.24%
• 3Y*: 19.22%
• 5Y*: 23.21%
• 10Y*: 14.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUGU vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	5.56%	12.54%	4.16%
UGA United States Gasoline Fund LP	66.14%	-2.00%	-6.54%

Correlation

The correlation between AUGU 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 (All Time) Calculated using the full available price history since Aug 1, 2024	-0.09

The correlation between AUGU and UGA shifts across timeframes, from -0.20 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AUGU vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUGU

AUGU Risk / Return Rank: 55
AUGU Sharpe Ratio Rank: 54
AUGU Sortino Ratio Rank: 53
AUGU Omega Ratio Rank: 52
AUGU Calmar Ratio Rank: 57
AUGU Martin Ratio Rank: 60

UGA

UGA Risk / Return Rank: 69
UGA Sharpe Ratio Rank: 73
UGA Sortino Ratio Rank: 63
UGA Omega Ratio Rank: 64
UGA Calmar Ratio Rank: 77
UGA Martin Ratio Rank: 67

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.

AUGU vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) 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.

	AUGU	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.03	-0.38
Sortino ratio: Return per unit of downside risk	2.31	2.55	-0.24
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	2.47	3.47	-1.00
Martin ratio: Return relative to average drawdown	9.48	10.69	-1.21

AUGU vs. UGA - Sharpe Ratio Comparison

The current AUGU Sharpe Ratio is 1.65, which is comparable to the UGA Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of AUGU 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.

Drawdowns

AUGU vs. UGA - Drawdown Comparison

The maximum AUGU drawdown since its inception was -12.17%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AUGU and UGA.

Drawdown Indicators

	AUGU	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-86.59%	+74.42%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-20.32%	+13.60%
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 Drawdown Current decline from peak	-3.43%	-17.02%	+13.59%
Average Drawdown Average peak-to-trough decline	-1.85%	-36.69%	+34.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	6.59%	-4.84%

Volatility

AUGU vs. UGA - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) is 4.43%, while United States Gasoline Fund LP (UGA) has a volatility of 8.84%. This indicates that AUGU 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.

Volatility by Period

	AUGU	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	8.84%	-4.41%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	30.92%	-22.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	34.74%	-24.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	34.52%	-23.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.36%	37.24%	-25.88%

AUGU vs. UGA - Expense Ratio Comparison

AUGU has a 0.74% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

AUGU vs. UGA - Dividend Comparison

Neither AUGU nor UGA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUGU and UGA in my portfolio?

AUGU 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.

Which is riskier, AUGU or UGA?

UGA has higher volatility (8.84%) compared to AUGU (4.43%). In terms of maximum drawdown, AUGU dropped -12.17% vs UGA's -86.59%.

Which ETF is better, AUGU or UGA?

On 1-year performance, UGA leads with 70.24% vs 16.53% for AUGU. On fees, AUGU is cheaper at 0.74% per year. On volatility, AUGU has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGU or UGA?

Over the 1-year period, UGA has performed better with a 70.24% return vs 16.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGU or UGA?

AUGU is cheaper with a 0.74% expense ratio, compared with 0.75% for UGA.

Which ETF pays a higher dividend yield, AUGU or UGA?

AUGU and UGA have nearly identical dividend yields, around 0.00%.

What is the main difference between AUGU and UGA?

AUGU is categorized as Options Trading, while UGA is Oil & Gas. They also come from different issuers: Allianz and Concierge Technologies. Their fees differ too: 0.74% for AUGU and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (2.03 vs 1.65), 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.