BINC vs. UGA
BINC (iShares Flexible Income Active ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. BINC is actively managed, while UGA is passively managed. Over the past 3 years, BINC returned 6.67%/yr vs 17.55%/yr for UGA. Their -0.16 correlation means they have often moved in opposite directions in the past. BINC charges 0.40%/yr vs 1.02%/yr for UGA.
Performance
BINC vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 1.11% return, which is significantly lower than UGA's 91.06% return.
BINC
- 1D
- -0.08%
- 1M
- -0.27%
- 6M
- 0.42%
- YTD
- 1.11%
- 1Y
- 4.14%
- 3Y*
- 6.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.76%
UGA
- 1D
- -0.01%
- 1M
- 14.56%
- 6M
- 70.02%
- YTD
- 91.06%
- 1Y
- 88.12%
- 3Y*
- 17.55%
- 5Y*
- 25.78%
- 10Y*
- 18.03%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $70.16M | $76.44M | $122.66M | |
| $6.47M | $5.01M | $4.85M |
BINC vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 1.11% | 7.57% | 5.76% | 7.12% |
UGA United States Gasoline Fund, LP | 91.06% | -2.00% | 3.77% | 0.88% |
Correlation
The correlation between BINC and UGA is -0.40, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | -0.16 |
Over the past year, the inverse relationship between BINC and UGA has strengthened: their correlation has moved from -0.16 to -0.40, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BINC vs. UGA — Risk / Return Rank
BINC
UGA
BINC vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) 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.
| BINC | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.12 | -2.46 |
| Martin ratioReturn relative to average drawdown | 6.37 | 11.57 | -5.20 |
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Drawdowns
BINC vs. UGA - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BINC and UGA.
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Drawdown Indicators
| BINC | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -86.59% | +83.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -20.32% | +17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -26.68% | +23.99% |
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 | -0.50% | -5.63% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -36.53% | +36.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 7.26% | -6.56% |
Volatility
BINC vs. UGA - Volatility Comparison
The current volatility for iShares Flexible Income Active ETF (BINC) is 0.78%, while United States Gasoline Fund, LP (UGA) has a volatility of 11.28%. This indicates that BINC 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
| BINC | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 11.28% | -10.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 31.98% | -29.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 36.11% | -33.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 34.60% | -31.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.97% | 37.26% | -34.29% |
BINC vs. UGA - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
BINC vs. UGA - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.86%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.42% | 5.86% | 6.14% | 3.13% |
UGA United States Gasoline Fund, LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BINC and UGA have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.28%) compared to BINC (0.78%). In terms of maximum drawdown, BINC dropped -2.69% vs UGA's -86.59%.
On 3-year performance, UGA leads with 17.55% vs 6.67% for BINC. On fees, BINC is cheaper at 0.40% per year. On volatility, BINC has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UGA has performed better with a 17.55% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINC is cheaper with a 0.40% expense ratio, compared with 1.02% for UGA.
BINC has the higher dividend yield at 5.42%, compared with 0.00% for UGA.
BINC is categorized as Multisector Bonds, while UGA is Oil & Gas. They also come from different issuers: iShares and USCF. Their fees differ too: 0.40% for BINC and 1.02% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 1.89), 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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