DIM vs. UGA

Last updated Jun 24, 2026

DIM (WisdomTree International MidCap Dividend Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DIM is a Foreign Large Cap Equities fund tracking the WisdomTree International MidCap Dividend Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, DIM returned 8.79%/yr vs 14.31%/yr for UGA. At a 0.27 correlation, their price movements are largely independent. DIM charges 0.58%/yr vs 0.75%/yr for UGA.

Performance

DIM vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International MidCap Dividend Fund (DIM) 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, DIM achieves a 7.28% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, DIM has underperformed UGA with an annualized return of 8.79%, while UGA has yielded a comparatively higher 14.31% annualized return.

DIM

• 1D: -1.35%
• 1M: -0.73%
• YTD: 7.28%
• 6M: 6.63%
• 1Y: 19.72%
• 3Y*: 18.56%
• 5Y*: 8.50%
• 10Y*: 8.79%

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)

DIM vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIM WisdomTree International MidCap Dividend Fund	7.28%	37.25%	3.51%	15.00%	-14.09%	9.55%	-0.40%	19.85%	-15.32%	28.01%
UGA United States Gasoline Fund LP	64.09%	-2.00%	3.77%	1.27%	46.34%	68.49%	-24.88%	41.25%	-28.07%	1.69%

Correlation

The correlation between DIM 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 (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 28, 2008	0.27

The correlation between DIM and UGA shifts across timeframes, from -0.30 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DIM vs. UGA — Risk / Return Rank

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

DIM

DIM Risk / Return Rank: 43
DIM Sharpe Ratio Rank: 45
DIM Sortino Ratio Rank: 44
DIM Omega Ratio Rank: 43
DIM Calmar Ratio Rank: 40
DIM Martin Ratio Rank: 45

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.

DIM vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International MidCap Dividend Fund (DIM) 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.

	DIM	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.73	-0.25
Sortino ratio: Return per unit of downside risk	2.09	2.25	-0.16
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	1.88	3.17	-1.29
Martin ratio: Return relative to average drawdown	6.90	9.39	-2.50

DIM vs. UGA - Sharpe Ratio Comparison

The current DIM Sharpe Ratio is 1.48, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of DIM 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

DIM vs. UGA - Drawdown Comparison

The maximum DIM drawdown since its inception was -61.45%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DIM and UGA.

Drawdown Indicators

	DIM	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-61.45%	-86.59%	+25.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-18.96%	+8.40%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	-26.68%	+14.55%
Max Drawdown (5Y) Largest decline over 5 years	-30.71%	-38.11%	+7.40%
Max Drawdown (10Y) Largest decline over 10 years	-40.89%	-75.89%	+35.00%
Current Drawdown Current decline from peak	-3.30%	-18.05%	+14.75%
Average Drawdown Average peak-to-trough decline	-12.60%	-36.69%	+24.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	6.43%	-3.56%

Volatility

DIM vs. UGA - Volatility Comparison

The current volatility for WisdomTree International MidCap Dividend Fund (DIM) is 4.39%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that DIM 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

	DIM	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	9.24%	-4.85%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	30.57%	-19.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	35.22%	-21.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	34.45%	-18.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	37.22%	-20.59%

DIM vs. UGA - Expense Ratio Comparison

DIM has a 0.58% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

DIM vs. UGA - Dividend Comparison

DIM's dividend yield for the trailing twelve months is around 2.84%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIM WisdomTree International MidCap Dividend Fund	2.84%	3.20%	3.58%	4.62%	3.96%	3.65%	2.53%	3.26%	3.28%	2.57%	2.94%	2.81%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIM and UGA in my portfolio?

DIM 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.

Which is riskier, DIM or UGA?

UGA has higher volatility (9.24%) compared to DIM (4.39%). In terms of maximum drawdown, DIM dropped -61.45% vs UGA's -86.59%.

Which ETF is better, DIM or UGA?

On 10-year performance, UGA leads with 14.31% vs 8.79% for DIM. On fees, DIM is cheaper at 0.58% per year. On volatility, DIM has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIM or UGA?

Over the 10-year period, UGA has performed better with a 14.31% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIM or UGA?

DIM is cheaper with a 0.58% expense ratio, compared with 0.75% for UGA.

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

DIM has the higher dividend yield at 2.84%, compared with 0.00% for UGA.

What is the main difference between DIM and UGA?

DIM is categorized as Foreign Large Cap Equities, while UGA is Oil & Gas. DIM tracks WisdomTree International MidCap Dividend Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 0.58% for DIM and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.73 vs 1.48), 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.