BLOK vs. UGA
BLOK (Amplify Transformational Data Sharing ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BLOK is a Technology Equities fund actively managed by Amplify, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. BLOK is actively managed, while UGA is passively managed. Over the past 5 years, BLOK returned 11.88%/yr vs 24.41%/yr for UGA. At a 0.16 correlation, their price movements are largely independent. BLOK charges 0.71%/yr vs 0.75%/yr for UGA.
Performance
BLOK vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, BLOK achieves a 15.78% return, which is significantly lower than UGA's 70.69% return.
BLOK
- 1D
- -0.36%
- 1M
- 4.79%
- YTD
- 15.78%
- 6M
- 5.09%
- 1Y
- 29.55%
- 3Y*
- 52.79%
- 5Y*
- 11.88%
- 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%
BLOK vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Transformational Data Sharing ETF | 15.78% | 32.64% | 53.12% | 99.62% | -62.36% | 30.76% | 90.17% | 29.54% | -25.97% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -30.91% |
Correlation
The correlation between BLOK and UGA is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.16 |
The correlation between BLOK and UGA shifts across timeframes, from -0.15 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BLOK vs. UGA — Risk / Return Rank
BLOK
UGA
BLOK vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Transformational Data Sharing ETF (BLOK) 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.
| BLOK | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 5.37 | -4.54 |
| Martin ratioReturn relative to average drawdown | 1.82 | 12.86 | -11.04 |
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
| BLOK | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 2.27 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.71 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.12 | +0.37 |
Drawdowns
BLOK vs. UGA - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BLOK and UGA.
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Drawdown Indicators
| BLOK | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.33% | -86.59% | +13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -14.88% | -20.76% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -26.68% | -8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | -38.11% | -35.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -10.48% | -14.75% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -26.07% | -36.76% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.24% | 6.20% | +10.04% |
Volatility
BLOK vs. UGA - Volatility Comparison
The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 10.39%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that BLOK 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
| BLOK | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 11.64% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 28.54% | 30.48% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.13% | 35.27% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.36% | 34.40% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.96% | 37.27% | +1.69% |
BLOK vs. UGA - Expense Ratio Comparison
BLOK has a 0.71% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
BLOK vs. UGA - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.62%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Transformational Data Sharing ETF | 0.62% | 0.72% | 6.00% | 1.15% | 0.00% | 14.31% | 1.88% | 2.05% | 1.30% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLOK and UGA have a correlation of -0.15, 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 BLOK (10.39%). In terms of maximum drawdown, BLOK dropped -73.33% vs UGA's -86.59%.
On 5-year performance, UGA leads with 24.41% vs 11.88% for BLOK. On fees, BLOK is cheaper at 0.71% per year. On volatility, BLOK has been the lower-risk option at 10.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 24.41% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLOK is cheaper with a 0.71% expense ratio, compared with 0.75% for UGA.
BLOK has the higher dividend yield at 0.62%, compared with 0.00% for UGA.
BLOK is categorized as Technology Equities, while UGA is Oil & Gas. They also come from different issuers: Amplify and Concierge Technologies. Their fees differ too: 0.71% for BLOK and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.27 vs 0.78), 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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