DYLD vs. UGA
DYLD (LeaderShares Dynamic Yield ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - DYLD is a Multisector Bonds fund actively managed by LeaderShares, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. DYLD is actively managed, while UGA is passively managed. Over the past 3 years, DYLD returned 4.47%/yr vs 22.21%/yr for UGA. At a correlation of -0.09, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
DYLD vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DYLD achieves a 1.00% return, which is significantly lower than UGA's 75.49% return.
DYLD
- 1D
- -0.11%
- 1M
- 0.42%
- YTD
- 1.00%
- 6M
- 1.18%
- 1Y
- 4.12%
- 3Y*
- 4.47%
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
DYLD vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DYLD LeaderShares Dynamic Yield ETF | 1.00% | 5.02% | 3.69% | 6.33% | -10.83% | 1.44% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 13.68% |
Correlation
The correlation between DYLD and UGA is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | -0.09 |
Over the past year, the inverse relationship between DYLD and UGA has strengthened: their correlation has moved from -0.09 to -0.35, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DYLD vs. UGA — Risk / Return Rank
DYLD
UGA
DYLD vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares Dynamic Yield ETF (DYLD) 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.
| DYLD | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 5.47 | -2.34 |
| Martin ratioReturn relative to average drawdown | 11.42 | 13.25 | -1.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DYLD | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.32 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.12 | +0.14 |
Drawdowns
DYLD vs. UGA - Drawdown Comparison
The maximum DYLD drawdown since its inception was -15.03%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for DYLD and UGA.
Loading charts...
Drawdown Indicators
| DYLD | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -86.59% | +71.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -14.88% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -26.68% | +23.28% |
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 | -0.11% | -12.35% | +12.24% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -36.76% | +31.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 6.13% | -5.77% |
Volatility
DYLD vs. UGA - Volatility Comparison
The current volatility for LeaderShares Dynamic Yield ETF (DYLD) is 0.60%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that DYLD 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.
Loading charts...
Volatility by Period
| DYLD | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 11.66% | -11.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 30.41% | -28.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 35.14% | -32.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 34.38% | -29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.39% | 37.27% | -32.88% |
DYLD vs. UGA - Expense Ratio Comparison
Both DYLD and UGA have an expense ratio of 0.75%.
Dividends
DYLD vs. UGA - Dividend Comparison
DYLD's dividend yield for the trailing twelve months is around 4.33%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DYLD LeaderShares Dynamic Yield ETF | 4.33% | 4.20% | 4.58% | 3.43% | 1.54% | 1.02% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DYLD and UGA have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to DYLD (0.60%). In terms of maximum drawdown, DYLD dropped -15.03% vs UGA's -86.59%.
On 3-year performance, UGA leads with 22.21% vs 4.47% for DYLD. Both ETFs have the same 0.75% expense ratio. On volatility, DYLD has been the lower-risk option at 0.60%. 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 22.21% return vs 4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DYLD and UGA have the same expense ratio: 0.75% per year.
DYLD has the higher dividend yield at 4.33%, compared with 0.00% for UGA.
DYLD is categorized as Multisector Bonds, while UGA is Oil & Gas. They also come from different issuers: LeaderShares and Concierge Technologies.
UGA currently has the higher Sharpe Ratio (2.32 vs 1.68), 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.
Find the right allocation for DYLD and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer