DRUP vs. UGA
DRUP (GraniteShares Nasdaq Select Disruptors ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DRUP is a Large Cap Growth Equities fund tracking the Nasdaq US Large Cap Select Disruptors Index - Benchmark TR Gross, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, DRUP returned 8.53%/yr vs 22.69%/yr for UGA. At a 0.12 correlation, their price movements are largely independent. DRUP charges 0.60%/yr vs 0.75%/yr for UGA.
Performance
DRUP vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, DRUP achieves a -10.33% return, which is significantly lower than UGA's 64.09% return.
DRUP
- 1D
- 0.51%
- 1M
- -4.09%
- YTD
- -10.33%
- 6M
- -11.73%
- 1Y
- -0.34%
- 3Y*
- 15.07%
- 5Y*
- 8.53%
- 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%
DRUP vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DRUP GraniteShares Nasdaq Select Disruptors ETF | -10.33% | 18.18% | 23.11% | 42.32% | -28.18% | 26.13% | 28.71% | 11.72% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 10.90% |
Correlation
The correlation between DRUP and UGA is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2019 | 0.12 |
The correlation between DRUP and UGA shifts across timeframes, from -0.14 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRUP vs. UGA — Risk / Return Rank
DRUP
UGA
DRUP vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Nasdaq Select Disruptors ETF (DRUP) 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.
| DRUP | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.17 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.04 | 9.39 | -9.43 |
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Drawdowns
DRUP vs. UGA - Drawdown Comparison
The maximum DRUP drawdown since its inception was -31.29%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DRUP and UGA.
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Drawdown Indicators
| DRUP | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -86.59% | +55.30% |
Max Drawdown (1Y)Largest decline over 1 year | -23.21% | -18.96% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -26.68% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | -38.11% | +6.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -12.97% | -18.05% | +5.08% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -36.69% | +28.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.55% | 6.43% | +3.12% |
Volatility
DRUP vs. UGA - Volatility Comparison
The current volatility for GraniteShares Nasdaq Select Disruptors ETF (DRUP) is 8.52%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that DRUP 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
| DRUP | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 9.24% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 30.57% | -13.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 35.22% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 34.45% | -12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 37.22% | -14.00% |
DRUP vs. UGA - Expense Ratio Comparison
DRUP has a 0.60% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
DRUP vs. UGA - Dividend Comparison
Neither DRUP nor UGA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRUP GraniteShares Nasdaq Select Disruptors ETF | 0.00% | 0.00% | 0.00% | 0.40% | 0.51% | 0.28% | 0.53% | 0.19% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRUP and UGA have a correlation of -0.14, 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 DRUP (8.52%). In terms of maximum drawdown, DRUP dropped -31.29% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 8.53% for DRUP. On fees, DRUP is cheaper at 0.60% per year. On volatility, DRUP has been the lower-risk option at 8.52%. 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 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRUP is cheaper with a 0.60% expense ratio, compared with 0.75% for UGA.
DRUP and UGA have nearly identical dividend yields, around 0.00%.
DRUP is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. DRUP tracks Nasdaq US Large Cap Select Disruptors Index - Benchmark TR Gross, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: GraniteShares and Concierge Technologies. Their fees differ too: 0.60% for DRUP and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.02), 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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