EAGG vs. UGA
EAGG (iShares ESG Aware US Aggregate Bond ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, EAGG returned 0.01%/yr vs 25.10%/yr for UGA. At a correlation of -0.14, they often move in opposite directions. EAGG charges 0.10%/yr vs 0.75%/yr for UGA.
Performance
EAGG vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EAGG achieves a 0.26% return, which is significantly lower than UGA's 75.49% return.
EAGG
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.26%
- 6M
- 0.09%
- 1Y
- 5.11%
- 3Y*
- 3.84%
- 5Y*
- 0.01%
- 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%
EAGG vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 0.26% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.35% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -27.93% |
Correlation
The correlation between EAGG and UGA is -0.41, 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 | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018 | -0.14 |
Over the past year, the inverse relationship between EAGG and UGA has strengthened: their correlation has moved from -0.14 to -0.41, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EAGG vs. UGA — Risk / Return Rank
EAGG
UGA
EAGG vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware US Aggregate Bond ETF (EAGG) 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.
| EAGG | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 5.47 | -3.61 |
| Martin ratioReturn relative to average drawdown | 5.75 | 13.25 | -7.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EAGG | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.32 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.73 | -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 | 0.38 | 0.12 | +0.26 |
Drawdowns
EAGG vs. UGA - Drawdown Comparison
The maximum EAGG drawdown since its inception was -18.74%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EAGG and UGA.
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Drawdown Indicators
| EAGG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -86.59% | +67.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -14.88% | +12.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.20% | -26.68% | +20.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -38.11% | +20.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -2.79% | -12.35% | +9.56% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -36.76% | +30.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 6.13% | -5.24% |
Volatility
EAGG vs. UGA - Volatility Comparison
The current volatility for iShares ESG Aware US Aggregate Bond ETF (EAGG) is 1.26%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that EAGG 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
| EAGG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 11.66% | -10.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 30.41% | -27.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 35.14% | -31.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 34.38% | -28.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 37.27% | -31.77% |
EAGG vs. UGA - Expense Ratio Comparison
EAGG has a 0.10% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EAGG vs. UGA - Dividend Comparison
EAGG's dividend yield for the trailing twelve months is around 4.01%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.01% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EAGG and UGA have a correlation of -0.41, 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 EAGG (1.26%). In terms of maximum drawdown, EAGG dropped -18.74% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 0.01% for EAGG. On fees, EAGG is cheaper at 0.10% per year. On volatility, EAGG has been the lower-risk option at 1.26%. 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 25.10% return vs 0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAGG is cheaper with a 0.10% expense ratio, compared with 0.75% for UGA.
EAGG has the higher dividend yield at 4.01%, compared with 0.00% for UGA.
EAGG is categorized as Intermediate Core Bond, while UGA is Oil & Gas. EAGG tracks Bloomberg MSCI U.S. Aggregate ESG Focus Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.10% for EAGG and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 1.35), 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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