BCCC vs. UGA

Last updated Jun 4, 2026

BCCC (Global X Bitcoin Covered Call ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BCCC is a Cryptocurrency fund actively managed by Global X, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. BCCC is actively managed, while UGA is passively managed. At a correlation of -0.09, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

BCCC vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Covered Call ETF (BCCC) 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, BCCC achieves a -21.49% return, which is significantly lower than UGA's 75.49% return.

BCCC

• 1D: -2.78%
• 1M: -14.90%
• YTD: -21.49%
• 6M: -22.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGA

• 1D: -0.19%
• 1M: -12.35%
• YTD: 75.49%
• 6M: 64.35%
• 1Y: 80.94%
• 3Y*: 22.21%
• 5Y*: 25.10%
• 10Y*: 14.43%

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

BCCC vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
BCCC Global X Bitcoin Covered Call ETF	-21.49%	-7.14%
UGA United States Gasoline Fund LP	75.49%	5.14%

Correlation

The correlation between BCCC and UGA is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.09

Return for Risk

BCCC vs. UGA — Risk / Return Rank

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

UGA

UGA Risk / Return Rank: 69
UGA Sharpe Ratio Rank: 69
UGA Sortino Ratio Rank: 57
UGA Omega Ratio Rank: 60
UGA Calmar Ratio Rank: 89
UGA Martin Ratio Rank: 71

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.

BCCC vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCCC	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.12	-0.90

Drawdowns

BCCC vs. UGA - Drawdown Comparison

The maximum BCCC drawdown since its inception was -41.62%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BCCC and UGA.

Drawdown Indicators

	BCCC	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-41.62%	-86.59%	+44.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.88%	—
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	-37.25%	-12.35%	-24.90%
Average Drawdown Average peak-to-trough decline	-16.84%	-36.76%	+19.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.13%	—

Volatility

Volatility by Period

	BCCC	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.07%	35.14%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.07%	34.38%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.07%	37.27%	-2.20%

BCCC vs. UGA - Expense Ratio Comparison

Both BCCC and UGA have an expense ratio of 0.75%.

Dividends

BCCC vs. UGA - Dividend Comparison

BCCC's dividend yield for the trailing twelve months is around 62.51%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
BCCC Global X Bitcoin Covered Call ETF	62.51%	29.55%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCCC and UGA in my portfolio?

BCCC and UGA have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCCC or UGA?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCCC or UGA?

BCCC and UGA have the same expense ratio: 0.75% per year.

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

BCCC has the higher dividend yield at 62.51%, compared with 0.00% for UGA.

What is the main difference between BCCC and UGA?

BCCC is categorized as Cryptocurrency, while UGA is Oil & Gas. They also come from different issuers: Global X and Concierge Technologies.