CCSB vs. UGA
CCSB (Carbon Collective Short Duration Green Bond ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - CCSB is a Short-Term Bond fund actively managed by Carbon Collective, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. CCSB is actively managed, while UGA is passively managed. Over the past year, CCSB returned 2.94% vs 80.94% for UGA. At a correlation of -0.18, they often move in opposite directions. CCSB charges 0.51%/yr vs 0.75%/yr for UGA.
Performance
CCSB vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, CCSB achieves a 0.92% return, which is significantly lower than UGA's 75.49% return.
CCSB
- 1D
- -0.15%
- 1M
- 0.49%
- YTD
- 0.92%
- 6M
- 0.92%
- 1Y
- 2.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
CCSB vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CCSB Carbon Collective Short Duration Green Bond ETF | 0.92% | 4.37% | 4.17% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | -13.76% |
Correlation
The correlation between CCSB and UGA is -0.30, 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 | -0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | -0.18 |
The correlation between CCSB and UGA shifts across timeframes, from -0.30 (1 year) to -0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CCSB vs. UGA — Risk / Return Rank
CCSB
UGA
CCSB vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Short Duration Green Bond ETF (CCSB) 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.
| CCSB | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 5.47 | -5.27 |
| Martin ratioReturn relative to average drawdown | 0.28 | 13.25 | -12.96 |
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
| CCSB | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.32 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.12 | +0.21 |
Drawdowns
CCSB vs. UGA - Drawdown Comparison
The maximum CCSB drawdown since its inception was -14.95%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for CCSB and UGA.
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Drawdown Indicators
| CCSB | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.95% | -86.59% | +71.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -14.88% | -0.07% |
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 | -11.42% | -12.35% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -36.76% | +32.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.35% | 6.13% | +4.22% |
Volatility
CCSB vs. UGA - Volatility Comparison
The current volatility for Carbon Collective Short Duration Green Bond ETF (CCSB) is 1.06%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that CCSB 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
| CCSB | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 11.66% | -10.60% |
Volatility (6M)Calculated over the trailing 6-month period | 5.20% | 30.41% | -25.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 35.14% | -15.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 34.38% | -20.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 37.27% | -23.84% |
CCSB vs. UGA - Expense Ratio Comparison
CCSB has a 0.51% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
CCSB vs. UGA - Dividend Comparison
CCSB's dividend yield for the trailing twelve months is around 4.61%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CCSB Carbon Collective Short Duration Green Bond ETF | 4.61% | 4.79% | 3.16% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CCSB and UGA have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to CCSB (1.06%). In terms of maximum drawdown, CCSB dropped -14.95% vs UGA's -86.59%.
On 1-year performance, UGA leads with 80.94% vs 2.94% for CCSB. On fees, CCSB is cheaper at 0.51% per year. On volatility, CCSB has been the lower-risk option at 1.06%. 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 80.94% return vs 2.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CCSB is cheaper with a 0.51% expense ratio, compared with 0.75% for UGA.
CCSB has the higher dividend yield at 4.61%, compared with 0.00% for UGA.
CCSB is categorized as Short-Term Bond, while UGA is Oil & Gas. They also come from different issuers: Carbon Collective and Concierge Technologies. Their fees differ too: 0.51% for CCSB and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 0.15), 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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