BILD vs. UGA
BILD (Macquarie Global Listed Infrastructure ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BILD is a Energy Equities fund actively managed by Macquarie, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. BILD is actively managed, while UGA is passively managed. Over the past year, BILD returned 15.66% vs 79.48% for UGA. At a correlation of -0.11, they often move in opposite directions. BILD charges 0.49%/yr vs 0.75%/yr for UGA.
Performance
BILD vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, BILD achieves a 8.06% return, which is significantly lower than UGA's 70.69% return.
BILD
- 1D
- 0.76%
- 1M
- -1.65%
- YTD
- 8.06%
- 6M
- 9.06%
- 1Y
- 15.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -2.73%
- 1M
- -12.25%
- YTD
- 70.69%
- 6M
- 59.72%
- 1Y
- 79.48%
- 3Y*
- 20.80%
- 5Y*
- 24.41%
- 10Y*
- 14.27%
BILD vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 8.06% | 21.08% | -2.68% | 3.97% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | -6.27% |
Correlation
The correlation between BILD and UGA is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023 | -0.11 |
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Return for Risk
BILD vs. UGA — Risk / Return Rank
BILD
UGA
BILD vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) 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.
| BILD | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 5.37 | -2.77 |
| Martin ratioReturn relative to average drawdown | 7.27 | 12.86 | -5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BILD | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.27 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.12 | +0.78 |
Drawdowns
BILD vs. UGA - Drawdown Comparison
The maximum BILD drawdown since its inception was -14.78%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BILD and UGA.
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Drawdown Indicators
| BILD | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -86.59% | +71.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.05% | -14.88% | +8.83% |
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 DrawdownCurrent decline from peak | -4.32% | -14.75% | +10.43% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -36.76% | +33.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 6.20% | -4.04% |
Volatility
BILD vs. UGA - Volatility Comparison
The current volatility for Macquarie Global Listed Infrastructure ETF (BILD) is 4.12%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that BILD 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.
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Volatility by Period
| BILD | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 11.64% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.90% | 30.48% | -21.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.80% | 35.27% | -24.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 34.40% | -21.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 37.27% | -24.05% |
BILD vs. UGA - Expense Ratio Comparison
BILD has a 0.49% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
BILD vs. UGA - Dividend Comparison
BILD's dividend yield for the trailing twelve months is around 2.84%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 2.84% | 3.05% | 5.53% | 0.52% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BILD and UGA have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.64%) compared to BILD (4.12%). In terms of maximum drawdown, BILD dropped -14.78% vs UGA's -86.59%.
On 1-year performance, UGA leads with 79.48% vs 15.66% for BILD. On fees, BILD is cheaper at 0.49% per year. On volatility, BILD has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UGA has performed better with a 79.48% return vs 15.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILD is cheaper with a 0.49% expense ratio, compared with 0.75% for UGA.
BILD has the higher dividend yield at 2.84%, compared with 0.00% for UGA.
BILD is categorized as Energy Equities, while UGA is Oil & Gas. They also come from different issuers: Macquarie and Concierge Technologies. Their fees differ too: 0.49% for BILD and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.27 vs 1.46), 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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