DEHP vs. UGA
DEHP (Dimensional Emerging Markets High Profitability ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DEHP is a Emerging Markets Diversified fund actively managed by Dimensional, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. DEHP is actively managed, while UGA is passively managed. Over the past 3 years, DEHP returned 23.77%/yr vs 18.95%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. DEHP charges 0.41%/yr vs 0.75%/yr for UGA.
Performance
DEHP vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, DEHP achieves a 29.64% return, which is significantly lower than UGA's 64.09% return.
DEHP
- 1D
- -7.10%
- 1M
- 2.07%
- YTD
- 29.64%
- 6M
- 30.69%
- 1Y
- 55.70%
- 3Y*
- 23.77%
- 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%
DEHP vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 29.64% | 32.86% | 4.47% | 12.31% | -9.73% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 1.01% |
Correlation
The correlation between DEHP and UGA is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.11 |
The correlation between DEHP and UGA shifts across timeframes, from -0.19 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DEHP vs. UGA — Risk / Return Rank
DEHP
UGA
DEHP vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) 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.
| DEHP | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.17 | +1.09 |
| Martin ratioReturn relative to average drawdown | 15.97 | 9.39 | +6.58 |
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Drawdowns
DEHP vs. UGA - Drawdown Comparison
The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DEHP and UGA.
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Drawdown Indicators
| DEHP | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -86.59% | +63.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -18.96% | +5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -26.68% | +7.54% |
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 | -7.10% | -18.05% | +10.95% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -36.69% | +30.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 6.43% | -2.93% |
Volatility
DEHP vs. UGA - Volatility Comparison
Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 15.13% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that DEHP'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.
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Volatility by Period
| DEHP | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.13% | 9.24% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 22.85% | 30.57% | -7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.71% | 35.22% | -10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 34.45% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 37.22% | -17.61% |
DEHP vs. UGA - Expense Ratio Comparison
DEHP has a 0.41% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
DEHP vs. UGA - Dividend Comparison
DEHP's dividend yield for the trailing twelve months is around 1.38%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 1.38% | 1.73% | 2.44% | 2.84% | 1.65% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DEHP and UGA have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEHP has higher volatility (15.13%) compared to UGA (9.24%). In terms of maximum drawdown, DEHP dropped -22.90% vs UGA's -86.59%.
On 3-year performance, DEHP leads with 23.77% vs 18.95% for UGA. On fees, DEHP is cheaper at 0.41% 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 3-year period, DEHP has performed better with a 23.77% return vs 18.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEHP is cheaper with a 0.41% expense ratio, compared with 0.75% for UGA.
DEHP has the higher dividend yield at 1.38%, compared with 0.00% for UGA.
DEHP is categorized as Emerging Markets Diversified, while UGA is Oil & Gas. They also come from different issuers: Dimensional and Concierge Technologies. Their fees differ too: 0.41% for DEHP and 0.75% for UGA.
DEHP currently has the higher Sharpe Ratio (2.27 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.
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