BMED vs. UGA
BMED (Future Health ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BMED is a Health & Biotech Equities fund actively managed by BlackRock, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. BMED is actively managed, while UGA is passively managed. Over the past 5 years, BMED returned -0.08%/yr vs 24.41%/yr for UGA. At a correlation of -0.01, they often move in opposite directions. BMED charges 0.85%/yr vs 0.75%/yr for UGA.
Performance
BMED vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, BMED achieves a -5.19% return, which is significantly lower than UGA's 70.69% return.
BMED
- 1D
- 1.98%
- 1M
- 2.19%
- YTD
- -5.19%
- 6M
- -5.93%
- 1Y
- 17.59%
- 3Y*
- 5.91%
- 5Y*
- -0.08%
- 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%
BMED vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMED Future Health ETF | -5.19% | 21.79% | 1.55% | 5.70% | -19.69% | -3.96% | 17.86% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 24.54% |
Correlation
The correlation between BMED and UGA is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | -0.01 |
Over the past year, the inverse relationship between BMED and UGA has strengthened: their correlation has moved from -0.01 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BMED vs. UGA — Risk / Return Rank
BMED
UGA
BMED vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Future Health ETF (BMED) 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.
| BMED | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 5.37 | -4.18 |
| Martin ratioReturn relative to average drawdown | 3.00 | 12.86 | -9.86 |
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
| BMED | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.27 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.71 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.12 | 0.00 |
Drawdowns
BMED vs. UGA - Drawdown Comparison
The maximum BMED drawdown since its inception was -36.44%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BMED and UGA.
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Drawdown Indicators
| BMED | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -86.59% | +50.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -14.88% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -26.68% | +6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -33.90% | -38.11% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -11.17% | -14.75% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -19.08% | -36.76% | +17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 6.20% | -0.32% |
Volatility
BMED vs. UGA - Volatility Comparison
The current volatility for Future Health ETF (BMED) is 4.74%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that BMED 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
| BMED | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 11.64% | -6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 30.48% | -19.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 35.27% | -20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 34.40% | -16.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 37.27% | -19.50% |
BMED vs. UGA - Expense Ratio Comparison
BMED has a 0.85% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
BMED vs. UGA - Dividend Comparison
Neither BMED nor UGA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BMED Future Health ETF | 0.00% | 0.00% | 0.00% | 0.03% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BMED and UGA have a correlation of -0.33, 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 BMED (4.74%). In terms of maximum drawdown, BMED dropped -36.44% vs UGA's -86.59%.
On 5-year performance, UGA leads with 24.41% vs -0.08% for BMED. On fees, UGA is cheaper at 0.75% per year. On volatility, BMED has been the lower-risk option at 4.74%. 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 -0.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.85% for BMED.
BMED and UGA have nearly identical dividend yields, around 0.00%.
BMED is categorized as Health & Biotech Equities, while UGA is Oil & Gas. They also come from different issuers: BlackRock and Concierge Technologies. Their fees differ too: 0.85% for BMED and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.27 vs 1.16), 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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