CTEC vs. UGA
CTEC (Global X CleanTech ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - CTEC is a Alternative Energy Equities fund tracking the Indxx Global CleanTech Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, CTEC returned -7.77%/yr vs 22.69%/yr for UGA. At a 0.10 correlation, their price movements are largely independent. CTEC charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
CTEC vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTEC achieves a 22.71% return, which is significantly lower than UGA's 64.09% return.
CTEC
- 1D
- -6.61%
- 1M
- -11.86%
- YTD
- 22.71%
- 6M
- 19.40%
- 1Y
- 97.04%
- 3Y*
- -1.56%
- 5Y*
- -7.77%
- 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%
CTEC vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 22.71% | 57.85% | -36.35% | -25.60% | -16.82% | -22.19% | 44.74% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 33.35% |
Correlation
The correlation between CTEC and UGA is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.10 |
The correlation between CTEC and UGA shifts across timeframes, from -0.12 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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
CTEC vs. UGA — Risk / Return Rank
CTEC
UGA
CTEC vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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.
| CTEC | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 3.17 | +1.87 |
| Martin ratioReturn relative to average drawdown | 13.11 | 9.39 | +3.72 |
Loading charts...
Drawdowns
CTEC vs. UGA - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for CTEC and UGA.
Loading charts...
Drawdown Indicators
| CTEC | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.58% | -86.59% | +5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -19.39% | -18.96% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -65.77% | -26.68% | -39.09% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | -38.11% | -38.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -53.45% | -18.05% | -35.40% |
Average DrawdownAverage peak-to-trough decline | -52.35% | -36.69% | -15.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.43% | 6.43% | +1.00% |
Volatility
CTEC vs. UGA - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 16.15% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that CTEC's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CTEC | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.15% | 9.24% | +6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 27.21% | 30.57% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.40% | 35.22% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.94% | 34.45% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.09% | 37.22% | +0.87% |
CTEC vs. UGA - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
CTEC vs. UGA - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.61%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.61% | 0.75% | 1.56% | 0.51% | 0.25% | 0.39% | 0.02% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CTEC and UGA have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTEC has higher volatility (16.15%) compared to UGA (9.24%). In terms of maximum drawdown, CTEC dropped -81.58% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -7.77% for CTEC. On fees, CTEC is cheaper at 0.50% per year. On volatility, UGA has been the lower-risk option at 9.24%. 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 22.69% return vs -7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CTEC is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
CTEC has the higher dividend yield at 0.61%, compared with 0.00% for UGA.
CTEC is categorized as Alternative Energy Equities, while UGA is Oil & Gas. CTEC tracks Indxx Global CleanTech Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.50% for CTEC and 0.75% for UGA.
CTEC currently has the higher Sharpe Ratio (2.61 vs 1.73), 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 CTEC 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