AVUQ vs. UGA

Last updated Jun 24, 2026

AVUQ (Avantis U.S. Quality ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - AVUQ is a Large Cap Growth Equities fund actively managed by Avantis, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. AVUQ is actively managed, while UGA is passively managed. Over the past year, AVUQ returned 24.50% vs 59.74% for UGA. At a correlation of -0.13, they often move in opposite directions. AVUQ charges 0.15%/yr vs 0.75%/yr for UGA.

Performance

AVUQ vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Quality ETF (AVUQ) 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, AVUQ achieves a 7.35% return, which is significantly lower than UGA's 64.09% return.

AVUQ

• 1D: -1.77%
• 1M: -2.27%
• YTD: 7.35%
• 6M: 6.08%
• 1Y: 24.50%
• 3Y*: —
• 5Y*: —
• 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%

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

AVUQ vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
AVUQ Avantis U.S. Quality ETF	7.35%	21.84%
UGA United States Gasoline Fund LP	64.09%	-1.66%

Correlation

The correlation between AVUQ and UGA is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.13

Return for Risk

AVUQ vs. UGA — Risk / Return Rank

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

AVUQ

AVUQ Risk / Return Rank: 45
AVUQ Sharpe Ratio Rank: 46
AVUQ Sortino Ratio Rank: 43
AVUQ Omega Ratio Rank: 43
AVUQ Calmar Ratio Rank: 45
AVUQ Martin Ratio Rank: 50

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

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.

AVUQ vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Quality ETF (AVUQ) 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.

	AVUQ	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.73	-0.20
Sortino ratio: Return per unit of downside risk	2.10	2.25	-0.15
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.12	3.17	-1.05
Martin ratio: Return relative to average drawdown	8.13	9.39	-1.27

AVUQ vs. UGA - Sharpe Ratio Comparison

The current AVUQ Sharpe Ratio is 1.53, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of AVUQ 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

AVUQ vs. UGA - Drawdown Comparison

The maximum AVUQ drawdown since its inception was -12.35%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for AVUQ and UGA.

Drawdown Indicators

	AVUQ	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-12.35%	-86.59%	+74.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.61%	-18.96%	+7.35%
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	-4.42%	-18.05%	+13.63%
Average Drawdown Average peak-to-trough decline	-2.17%	-36.69%	+34.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	6.43%	-3.41%

Volatility

AVUQ vs. UGA - Volatility Comparison

The current volatility for Avantis U.S. Quality ETF (AVUQ) is 5.97%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that AVUQ 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

	AVUQ	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	9.24%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	30.57%	-17.98%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	35.22%	-19.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	34.45%	-14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	37.22%	-17.55%

AVUQ vs. UGA - Expense Ratio Comparison

AVUQ has a 0.15% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

AVUQ vs. UGA - Dividend Comparison

AVUQ's dividend yield for the trailing twelve months is around 0.46%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
AVUQ Avantis U.S. Quality ETF	0.46%	0.32%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVUQ and UGA in my portfolio?

AVUQ and UGA have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUQ or UGA?

UGA has higher volatility (9.24%) compared to AVUQ (5.97%). In terms of maximum drawdown, AVUQ dropped -12.35% vs UGA's -86.59%.

Which ETF is better, AVUQ or UGA?

On 1-year performance, UGA leads with 59.74% vs 24.50% for AVUQ. On fees, AVUQ is cheaper at 0.15% per year. On volatility, AVUQ has been the lower-risk option at 5.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUQ or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 24.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUQ or UGA?

AVUQ is cheaper with a 0.15% expense ratio, compared with 0.75% for UGA.

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

AVUQ has the higher dividend yield at 0.46%, compared with 0.00% for UGA.

What is the main difference between AVUQ and UGA?

AVUQ is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. They also come from different issuers: Avantis and Concierge Technologies. Their fees differ too: 0.15% for AVUQ and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.73 vs 1.53), 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.