DISV vs. UGA
DISV (Dimensional International Small Cap Value ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DISV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. DISV is actively managed, while UGA is passively managed. Over the past 3 years, DISV returned 23.41%/yr vs 18.95%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. DISV charges 0.42%/yr vs 0.75%/yr for UGA.
Performance
DISV vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, DISV achieves a 6.66% return, which is significantly lower than UGA's 64.09% return.
DISV
- 1D
- -2.93%
- 1M
- -3.68%
- YTD
- 6.66%
- 6M
- 6.73%
- 1Y
- 28.97%
- 3Y*
- 23.41%
- 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%
DISV vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DISV Dimensional International Small Cap Value ETF | 6.66% | 47.42% | 5.87% | 19.52% | -9.36% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | -0.96% |
Correlation
The correlation between DISV 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.11 |
The correlation between DISV and UGA shifts across timeframes, from -0.24 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DISV vs. UGA — Risk / Return Rank
DISV
UGA
DISV vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional International Small Cap Value ETF (DISV) 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.
| DISV | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.17 | -0.87 |
| Martin ratioReturn relative to average drawdown | 8.44 | 9.39 | -0.95 |
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Drawdowns
DISV vs. UGA - Drawdown Comparison
The maximum DISV drawdown since its inception was -26.77%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DISV and UGA.
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Drawdown Indicators
| DISV | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -86.59% | +59.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -18.96% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.15% | -26.68% | +12.53% |
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 | -6.16% | -18.05% | +11.89% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -36.69% | +31.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 6.43% | -2.99% |
Volatility
DISV vs. UGA - Volatility Comparison
The current volatility for Dimensional International Small Cap Value ETF (DISV) is 5.57%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that DISV 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.
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Volatility by Period
| DISV | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 9.24% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 30.57% | -17.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 35.22% | -20.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 34.45% | -17.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 37.22% | -19.79% |
DISV vs. UGA - Expense Ratio Comparison
DISV has a 0.42% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
DISV vs. UGA - Dividend Comparison
DISV's dividend yield for the trailing twelve months is around 2.48%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DISV Dimensional International Small Cap Value ETF | 2.48% | 2.69% | 2.77% | 2.73% | 1.23% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DISV 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 DISV (5.57%). In terms of maximum drawdown, DISV dropped -26.77% vs UGA's -86.59%.
On 3-year performance, DISV leads with 23.41% vs 18.95% for UGA. On fees, DISV is cheaper at 0.42% per year. On volatility, DISV has been the lower-risk option at 5.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DISV has performed better with a 23.41% return vs 18.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DISV is cheaper with a 0.42% expense ratio, compared with 0.75% for UGA.
DISV has the higher dividend yield at 2.48%, compared with 0.00% for UGA.
DISV is categorized as Foreign Small & Mid Cap Equities, while UGA is Oil & Gas. They also come from different issuers: Dimensional and Concierge Technologies. Their fees differ too: 0.42% for DISV and 0.75% for UGA.
DISV currently has the higher Sharpe Ratio (1.92 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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