BAMO vs. UGA

Last updated Jun 23, 2026

BAMO (Brookstone Opportunities ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BAMO is a Diversified Portfolio fund actively managed by Brookstone, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. BAMO is actively managed, while UGA is passively managed. Over the past year, BAMO returned 14.10% vs 52.27% for UGA. At a correlation of -0.09, they often move in opposite directions. BAMO charges 1.30%/yr vs 0.75%/yr for UGA.

Performance

BAMO vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookstone Opportunities ETF (BAMO) 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, BAMO achieves a 5.78% return, which is significantly lower than UGA's 65.95% return.

BAMO

• 1D: -0.16%
• 1M: 0.53%
• YTD: 5.78%
• 6M: 5.50%
• 1Y: 14.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGA

• 1D: 0.15%
• 1M: -11.11%
• YTD: 65.95%
• 6M: 62.61%
• 1Y: 52.27%
• 3Y*: 19.40%
• 5Y*: 23.05%
• 10Y*: 14.44%

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

BAMO vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAMO Brookstone Opportunities ETF	5.78%	9.16%	14.39%	7.75%
UGA United States Gasoline Fund LP	65.95%	-2.00%	3.77%	-15.29%

Correlation

The correlation between BAMO and UGA is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	-0.09

Over the past year, the inverse relationship between BAMO and UGA has strengthened: their correlation has moved from -0.09 to -0.31, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

BAMO vs. UGA — Risk / Return Rank

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

BAMO

BAMO Risk / Return Rank: 66
BAMO Sharpe Ratio Rank: 67
BAMO Sortino Ratio Rank: 71
BAMO Omega Ratio Rank: 71
BAMO Calmar Ratio Rank: 54
BAMO Martin Ratio Rank: 67

UGA

UGA Risk / Return Rank: 46
UGA Sharpe Ratio Rank: 44
UGA Sortino Ratio Rank: 40
UGA Omega Ratio Rank: 41
UGA Calmar Ratio Rank: 58
UGA Martin Ratio Rank: 50

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.

BAMO vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Opportunities ETF (BAMO) 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.

	BAMO	UGA	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.49	+0.62
Sortino ratio: Return per unit of downside risk	3.07	2.00	+1.08
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	2.60	2.77	-0.17
Martin ratio: Return relative to average drawdown	11.87	8.29	+3.58

BAMO vs. UGA - Sharpe Ratio Comparison

The current BAMO Sharpe Ratio is 2.11, which is higher than the UGA Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BAMO 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

BAMO vs. UGA - Drawdown Comparison

The maximum BAMO drawdown since its inception was -12.72%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BAMO and UGA.

Drawdown Indicators

	BAMO	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-12.72%	-86.59%	+73.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-18.96%	+13.51%
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	-0.55%	-17.12%	+16.57%
Average Drawdown Average peak-to-trough decline	-1.26%	-36.70%	+35.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	7.05%	-5.86%

Volatility

BAMO vs. UGA - Volatility Comparison

The current volatility for Brookstone Opportunities ETF (BAMO) is 2.54%, while United States Gasoline Fund LP (UGA) has a volatility of 9.26%. This indicates that BAMO 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

	BAMO	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	9.26%	-6.72%
Volatility (6M) Calculated over the trailing 6-month period	5.83%	30.54%	-24.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.72%	35.27%	-28.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.58%	34.45%	-24.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.58%	37.25%	-27.67%

BAMO vs. UGA - Expense Ratio Comparison

BAMO has a 1.30% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

BAMO vs. UGA - Dividend Comparison

BAMO's dividend yield for the trailing twelve months is around 1.46%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BAMO Brookstone Opportunities ETF	1.46%	1.54%	1.58%	0.48%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BAMO and UGA in my portfolio?

BAMO and UGA have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAMO or UGA?

UGA has higher volatility (9.26%) compared to BAMO (2.54%). In terms of maximum drawdown, BAMO dropped -12.72% vs UGA's -86.59%.

Which ETF is better, BAMO or UGA?

On 1-year performance, UGA leads with 52.27% vs 14.10% for BAMO. On fees, UGA is cheaper at 0.75% per year. On volatility, BAMO has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAMO or UGA?

Over the 1-year period, UGA has performed better with a 52.27% return vs 14.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAMO or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 1.30% for BAMO.

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

BAMO has the higher dividend yield at 1.46%, compared with 0.00% for UGA.

What is the main difference between BAMO and UGA?

BAMO is categorized as Diversified Portfolio, while UGA is Oil & Gas. They also come from different issuers: Brookstone and Concierge Technologies. Their fees differ too: 1.30% for BAMO and 0.75% for UGA.

Which has better risk-adjusted returns?

BAMO currently has the higher Sharpe Ratio (2.11 vs 1.49), 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.