DJIA vs. UGA
DJIA (Global X Dow 30 Covered Call ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - DJIA is a Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. Both are passively managed. Over the past 3 years, DJIA returned 11.08%/yr vs 16.66%/yr for UGA. Their 0.02 correlation means their historical movements had little consistent relationship. DJIA charges 0.60%/yr vs 1.02%/yr for UGA.
Performance
DJIA vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, DJIA achieves a 7.93% return, which is significantly lower than UGA's 80.98% return.
DJIA
- 1D
- 0.71%
- 1M
- 2.69%
- 6M
- 5.53%
- YTD
- 7.93%
- 1Y
- 18.10%
- 3Y*
- 11.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.84%
UGA
- 1D
- -5.27%
- 1M
- 8.52%
- 6M
- 69.92%
- YTD
- 80.98%
- 1Y
- 78.20%
- 3Y*
- 16.66%
- 5Y*
- 25.31%
- 10Y*
- 16.82%
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.48M | $1.32M | $1.41M | |
| $8.16M | $5.91M | $4.98M |
DJIA vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 7.93% | 9.11% | 14.52% | 9.15% | -1.07% |
UGA United States Gasoline Fund, LP | 80.98% | -2.00% | 3.77% | 1.27% | 18.62% |
Correlation
The correlation between DJIA and UGA is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.02 |
The correlation between DJIA and UGA shifts across timeframes, from -0.28 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DJIA vs. UGA — Risk / Return Rank
DJIA
UGA
DJIA vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) 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.
| DJIA | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.87 | -1.39 |
| Martin ratioReturn relative to average drawdown | 9.22 | 10.83 | -1.61 |
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Drawdowns
DJIA vs. UGA - Drawdown Comparison
The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DJIA and UGA.
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Drawdown Indicators
| DJIA | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -86.59% | +69.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -20.32% | +12.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -26.68% | +14.59% |
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 | 0.00% | -10.61% | +10.61% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -36.53% | +33.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 7.25% | -5.28% |
Volatility
DJIA vs. UGA - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 2.41%, while United States Gasoline Fund, LP (UGA) has a volatility of 12.68%. This indicates that DJIA 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
| DJIA | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 12.68% | -10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 32.51% | -26.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.66% | 36.42% | -28.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 34.68% | -23.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.09% | 37.30% | -26.21% |
DJIA vs. UGA - Expense Ratio Comparison
DJIA has a 0.60% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
DJIA vs. UGA - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 10.37%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 10.37% | 10.60% | 11.44% | 7.16% | 9.18% |
UGA United States Gasoline Fund, LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DJIA and UGA have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (12.68%) compared to DJIA (2.41%). In terms of maximum drawdown, DJIA dropped -16.91% vs UGA's -86.59%.
On 3-year performance, UGA leads with 16.66% vs 11.08% for DJIA. On fees, DJIA is cheaper at 0.60% per year. On volatility, DJIA has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UGA has performed better with a 16.66% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJIA is cheaper with a 0.60% expense ratio, compared with 1.02% for UGA.
DJIA has the higher dividend yield at 10.37%, compared with 0.00% for UGA.
DJIA is categorized as Derivative Income, while UGA is Oil & Gas. DJIA tracks DJIA Cboe BuyWrite v2 Index, while UGA tracks Near-Month NYMEX RBOB Gasoline Futures Contract. They also come from different issuers: Global X and USCF. Their fees differ too: 0.60% for DJIA and 1.02% for UGA.
DJIA currently has the higher Sharpe Ratio (2.38 vs 2.16), 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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