BTRN vs. UGA
BTRN (Global X Bitcoin Trend Strategy ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BTRN is a Cryptocurrency fund tracking the CoinDesk Bitcoin Trend Indicator Futures Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past year, BTRN returned -17.28% vs 79.48% for UGA. At a correlation of -0.05, they often move in opposite directions. BTRN charges 0.95%/yr vs 0.75%/yr for UGA.
Performance
BTRN vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTRN achieves a -9.20% return, which is significantly lower than UGA's 70.69% return.
BTRN
- 1D
- 0.10%
- 1M
- -13.54%
- YTD
- -9.20%
- 6M
- -9.80%
- 1Y
- -17.28%
- 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%
BTRN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -9.20% | 4.89% | 5.22% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | -10.96% |
Correlation
The correlation between BTRN and UGA is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTRN vs. UGA — Risk / Return Rank
BTRN
UGA
BTRN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.
| BTRN | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 5.37 | -6.06 |
| Martin ratioReturn relative to average drawdown | -1.17 | 12.86 | -14.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BTRN | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | 2.27 | -3.14 |
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 | 0.00 | 0.12 | -0.11 |
Drawdowns
BTRN vs. UGA - Drawdown Comparison
The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BTRN and UGA.
Loading charts...
Drawdown Indicators
| BTRN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -86.59% | +49.62% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -14.88% | -10.41% |
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 | -25.22% | -14.75% | -10.47% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -36.76% | +22.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.76% | 6.20% | +8.56% |
Volatility
BTRN vs. UGA - Volatility Comparison
The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 6.93%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that BTRN 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.
Loading charts...
Volatility by Period
| BTRN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 11.64% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 30.48% | -20.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 35.27% | -15.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.94% | 34.40% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.94% | 37.27% | -6.33% |
BTRN vs. UGA - Expense Ratio Comparison
BTRN has a 0.95% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
BTRN vs. UGA - Dividend Comparison
BTRN's dividend yield for the trailing twelve months is around 30.57%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 30.57% | 27.76% | 2.56% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTRN and UGA have a correlation of -0.11, 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 BTRN (6.93%). In terms of maximum drawdown, BTRN dropped -36.97% vs UGA's -86.59%.
On 1-year performance, UGA leads with 79.48% vs -17.28% for BTRN. On fees, UGA is cheaper at 0.75% per year. On volatility, BTRN has been the lower-risk option at 6.93%. 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 -17.28%. 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 0.95% for BTRN.
BTRN has the higher dividend yield at 30.57%, compared with 0.00% for UGA.
BTRN is categorized as Cryptocurrency, while UGA is Oil & Gas. BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.95% for BTRN and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.27 vs -0.88), 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.
Find the right allocation for BTRN and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer