CGGR vs. UGA

Last updated Jun 24, 2026

CGGR (Capital Group Growth ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - CGGR is a Large Cap Growth Equities fund actively managed by Capital Group, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. CGGR is actively managed, while UGA is passively managed. Over the past 3 years, CGGR returned 22.96%/yr vs 18.95%/yr for UGA. At a 0.03 correlation, their price movements are largely independent. CGGR charges 0.39%/yr vs 0.75%/yr for UGA.

Performance

CGGR vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Growth ETF (CGGR) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGGR achieves a 2.45% return, which is significantly lower than UGA's 64.09% return.

CGGR

• 1D: -2.44%
• 1M: -1.09%
• YTD: 2.45%
• 6M: 1.27%
• 1Y: 16.51%
• 3Y*: 22.96%
• 5Y*: —
• 10Y*: —

UGA

• 1D: -1.12%
• 1M: -12.11%
• YTD: 64.09%
• 6M: 60.42%
• 1Y: 59.74%
• 3Y*: 18.95%
• 5Y*: 22.69%
• 10Y*: 14.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGGR vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGGR Capital Group Growth ETF	2.45%	19.75%	32.12%	42.18%	-14.68%
UGA United States Gasoline Fund LP	64.09%	-2.00%	3.77%	1.27%	18.62%

Correlation

The correlation between CGGR and UGA is -0.24, 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	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.03

The correlation between CGGR and UGA shifts across timeframes, from -0.24 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CGGR vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGGR

CGGR Risk / Return Rank: 27
CGGR Sharpe Ratio Rank: 27
CGGR Sortino Ratio Rank: 26
CGGR Omega Ratio Rank: 26
CGGR Calmar Ratio Rank: 24
CGGR Martin Ratio Rank: 29

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGGR vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Growth ETF (CGGR) 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.

	CGGR	UGA	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.73	-0.78
Sortino ratio: Return per unit of downside risk	1.36	2.25	-0.89
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.12
Calmar ratio: Return relative to maximum drawdown	1.10	3.17	-2.07
Martin ratio: Return relative to average drawdown	3.96	9.39	-5.44

CGGR vs. UGA - Sharpe Ratio Comparison

The current CGGR Sharpe Ratio is 0.95, which is lower than the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of CGGR and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGGR vs. UGA - Drawdown Comparison

The maximum CGGR drawdown since its inception was -28.90%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for CGGR and UGA.

Drawdown Indicators

	CGGR	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-28.90%	-86.59%	+57.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-18.96%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-26.68%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-4.63%	-18.05%	+13.42%
Average Drawdown Average peak-to-trough decline	-7.67%	-36.69%	+29.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	6.43%	-2.25%

Volatility

CGGR vs. UGA - Volatility Comparison

The current volatility for Capital Group Growth ETF (CGGR) is 7.67%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that CGGR 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.

Volatility by Period

	CGGR	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	9.24%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	30.57%	-16.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	35.22%	-17.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	34.45%	-12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	37.22%	-15.19%

CGGR vs. UGA - Expense Ratio Comparison

CGGR has a 0.39% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

CGGR vs. UGA - Dividend Comparison

CGGR's dividend yield for the trailing twelve months is around 0.09%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CGGR Capital Group Growth ETF	0.09%	0.10%	0.33%	0.40%	0.33%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGGR and UGA in my portfolio?

CGGR and UGA have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGR or UGA?

UGA has higher volatility (9.24%) compared to CGGR (7.67%). In terms of maximum drawdown, CGGR dropped -28.90% vs UGA's -86.59%.

Which ETF is better, CGGR or UGA?

On 3-year performance, CGGR leads with 22.96% vs 18.95% for UGA. On fees, CGGR is cheaper at 0.39% per year. On volatility, CGGR has been the lower-risk option at 7.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGR or UGA?

Over the 3-year period, CGGR has performed better with a 22.96% return vs 18.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGR or UGA?

CGGR is cheaper with a 0.39% expense ratio, compared with 0.75% for UGA.

Which ETF pays a higher dividend yield, CGGR or UGA?

CGGR has the higher dividend yield at 0.09%, compared with 0.00% for UGA.

What is the main difference between CGGR and UGA?

CGGR is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. They also come from different issuers: Capital Group and Concierge Technologies. Their fees differ too: 0.39% for CGGR and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.73 vs 0.95), 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.