DFAC vs. UGA
DFAC (Dimensional U.S. Core Equity 2 ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DFAC is a Large Cap Blend Equities fund actively managed by Dimensional, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. DFAC is actively managed, while UGA is passively managed. Over the past 5 years, DFAC returned 11.69%/yr vs 22.69%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. DFAC charges 0.17%/yr vs 0.75%/yr for UGA.
Performance
DFAC vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFAC achieves a 10.46% return, which is significantly lower than UGA's 64.09% return.
DFAC
- 1D
- -1.29%
- 1M
- 0.07%
- YTD
- 10.46%
- 6M
- 9.33%
- 1Y
- 25.95%
- 3Y*
- 19.52%
- 5Y*
- 11.69%
- 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%
DFAC vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFAC Dimensional U.S. Core Equity 2 ETF | 10.46% | 15.66% | 19.61% | 21.96% | -14.93% | 9.55% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 17.03% |
Correlation
The correlation between DFAC 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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.11 |
The correlation between DFAC and UGA shifts across timeframes, from -0.24 (1 year) to 0.11 (all time), 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
DFAC vs. UGA — Risk / Return Rank
DFAC
UGA
DFAC vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Core Equity 2 ETF (DFAC) 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.
| DFAC | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.17 | -0.09 |
| Martin ratioReturn relative to average drawdown | 13.40 | 9.39 | +4.01 |
Loading charts...
Drawdowns
DFAC vs. UGA - Drawdown Comparison
The maximum DFAC drawdown since its inception was -23.12%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DFAC and UGA.
Loading charts...
Drawdown Indicators
| DFAC | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.12% | -86.59% | +63.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -18.96% | +10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -26.68% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -38.11% | +14.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -2.07% | -18.05% | +15.98% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -36.69% | +31.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 6.43% | -4.49% |
Volatility
DFAC vs. UGA - Volatility Comparison
The current volatility for Dimensional U.S. Core Equity 2 ETF (DFAC) is 4.56%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that DFAC 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
| DFAC | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 9.24% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 30.57% | -20.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 35.22% | -22.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 34.45% | -17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 37.22% | -20.08% |
DFAC vs. UGA - Expense Ratio Comparison
DFAC has a 0.17% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
DFAC vs. UGA - Dividend Comparison
DFAC's dividend yield for the trailing twelve months is around 0.92%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DFAC Dimensional U.S. Core Equity 2 ETF | 0.92% | 0.97% | 1.03% | 1.20% | 1.50% | 0.88% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFAC 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.
UGA has higher volatility (9.24%) compared to DFAC (4.56%). In terms of maximum drawdown, DFAC dropped -23.12% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 11.69% for DFAC. On fees, DFAC is cheaper at 0.17% per year. On volatility, DFAC has been the lower-risk option at 4.56%. 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 11.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFAC is cheaper with a 0.17% expense ratio, compared with 0.75% for UGA.
DFAC has the higher dividend yield at 0.92%, compared with 0.00% for UGA.
DFAC is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. They also come from different issuers: Dimensional and Concierge Technologies. Their fees differ too: 0.17% for DFAC and 0.75% for UGA.
DFAC currently has the higher Sharpe Ratio (2.07 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 DFAC 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