DOL vs. UGA
DOL (WisdomTree International LargeCap Dividend Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DOL is a Foreign Large Cap Equities fund tracking the WisdomTree International LargeCap Dividend Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, DOL returned 10.29%/yr vs 14.31%/yr for UGA. At a 0.28 correlation, their price movements are largely independent. DOL charges 0.48%/yr vs 0.75%/yr for UGA.
Performance
DOL vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, DOL achieves a 13.28% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, DOL has underperformed UGA with an annualized return of 10.29%, while UGA has yielded a comparatively higher 14.31% annualized return.
DOL
- 1D
- -2.20%
- 1M
- 0.43%
- YTD
- 13.28%
- 6M
- 13.79%
- 1Y
- 29.33%
- 3Y*
- 20.43%
- 5Y*
- 12.22%
- 10Y*
- 10.29%
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%
DOL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOL WisdomTree International LargeCap Dividend Fund | 13.28% | 37.35% | 4.08% | 16.77% | -6.72% | 11.54% | -3.22% | 19.47% | -12.93% | 22.25% |
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 DOL and UGA is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2008 | 0.28 |
The correlation between DOL and UGA shifts across timeframes, from -0.27 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOL vs. UGA — Risk / Return Rank
DOL
UGA
DOL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International LargeCap Dividend Fund (DOL) 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.
| DOL | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.17 | -0.57 |
| Martin ratioReturn relative to average drawdown | 9.73 | 9.39 | +0.34 |
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Drawdowns
DOL vs. UGA - Drawdown Comparison
The maximum DOL drawdown since its inception was -60.79%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DOL and UGA.
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Drawdown Indicators
| DOL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.79% | -86.59% | +25.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -18.96% | +7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.44% | -26.68% | +14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.57% | -38.11% | +13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -75.89% | +39.90% |
Current DrawdownCurrent decline from peak | -2.52% | -18.05% | +15.53% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -36.69% | +23.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 6.43% | -3.41% |
Volatility
DOL vs. UGA - Volatility Comparison
The current volatility for WisdomTree International LargeCap Dividend Fund (DOL) is 5.80%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that DOL 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
| DOL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 9.24% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 30.57% | -16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 35.22% | -19.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 34.45% | -18.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 37.22% | -20.78% |
DOL vs. UGA - Expense Ratio Comparison
DOL has a 0.48% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
DOL vs. UGA - Dividend Comparison
DOL's dividend yield for the trailing twelve months is around 2.47%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOL WisdomTree International LargeCap Dividend Fund | 2.47% | 2.83% | 3.78% | 4.02% | 4.47% | 3.58% | 2.82% | 3.50% | 4.03% | 3.17% | 3.58% | 3.66% |
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
DOL and UGA have a correlation of -0.27, 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 DOL (5.80%). In terms of maximum drawdown, DOL dropped -60.79% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 10.29% for DOL. On fees, DOL is cheaper at 0.48% per year. On volatility, DOL has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 14.31% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DOL is cheaper with a 0.48% expense ratio, compared with 0.75% for UGA.
DOL has the higher dividend yield at 2.47%, compared with 0.00% for UGA.
DOL is categorized as Foreign Large Cap Equities, while UGA is Oil & Gas. DOL tracks WisdomTree International LargeCap Dividend Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 0.48% for DOL and 0.75% for UGA.
DOL currently has the higher Sharpe Ratio (1.87 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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