EBIZ vs. UGA
EBIZ (Global X E-commerce ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EBIZ is a Consumer Discretionary Equities fund tracking the Solactive E-commerce Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, EBIZ returned -2.82%/yr vs 23.72%/yr for UGA. At a 0.14 correlation, their price movements are largely independent. EBIZ charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
EBIZ vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EBIZ achieves a -10.50% return, which is significantly lower than UGA's 71.80% return.
EBIZ
- 1D
- 1.06%
- 1M
- 6.78%
- 6M
- -14.34%
- YTD
- -10.50%
- 1Y
- -5.35%
- 3Y*
- 15.55%
- 5Y*
- -2.82%
- 10Y*
- —
UGA
- 1D
- -1.13%
- 1M
- -0.01%
- 6M
- 65.75%
- YTD
- 71.80%
- 1Y
- 66.14%
- 3Y*
- 17.96%
- 5Y*
- 23.72%
- 10Y*
- 15.78%
EBIZ vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EBIZ Global X E-commerce ETF | -10.50% | 17.74% | 31.26% | 30.88% | -40.96% | -13.26% | 74.39% | 32.76% | -10.56% |
UGA United States Gasoline Fund LP | 71.80% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -8.09% |
Correlation
The correlation between EBIZ and UGA is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018 | 0.14 |
The correlation between EBIZ and UGA shifts across timeframes, from -0.26 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EBIZ vs. UGA — Risk / Return Rank
EBIZ
UGA
EBIZ vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce ETF (EBIZ) 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.
| EBIZ | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.41 | -3.63 |
| Martin ratioReturn relative to average drawdown | -0.39 | 9.53 | -9.92 |
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Drawdowns
EBIZ vs. UGA - Drawdown Comparison
The maximum EBIZ drawdown since its inception was -61.58%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EBIZ and UGA.
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Drawdown Indicators
| EBIZ | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.58% | -86.59% | +25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -27.73% | -20.32% | -7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.73% | -26.68% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -57.19% | -38.11% | -19.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -21.57% | -14.20% | -7.37% |
Average DrawdownAverage peak-to-trough decline | -24.33% | -36.64% | +12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 7.26% | +7.91% |
Volatility
EBIZ vs. UGA - Volatility Comparison
The current volatility for Global X E-commerce ETF (EBIZ) is 5.88%, while United States Gasoline Fund LP (UGA) has a volatility of 10.45%. This indicates that EBIZ 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
| EBIZ | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 10.45% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 31.50% | -15.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 35.39% | -15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 34.57% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.57% | 37.20% | -8.63% |
EBIZ vs. UGA - Expense Ratio Comparison
EBIZ has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EBIZ vs. UGA - Dividend Comparison
EBIZ's dividend yield for the trailing twelve months is around 0.52%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EBIZ Global X E-commerce ETF | 0.52% | 0.51% | 0.23% | 0.00% | 0.10% | 0.57% | 0.84% | 0.18% |
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
EBIZ and UGA have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (10.45%) compared to EBIZ (5.88%). In terms of maximum drawdown, EBIZ dropped -61.58% vs UGA's -86.59%.
On 5-year performance, UGA leads with 23.72% vs -2.82% for EBIZ. On fees, EBIZ is cheaper at 0.50% per year. On volatility, EBIZ has been the lower-risk option at 5.88%. 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 23.72% return vs -2.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBIZ is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
EBIZ has the higher dividend yield at 0.52%, compared with 0.00% for UGA.
EBIZ is categorized as Consumer Discretionary Equities, while UGA is Oil & Gas. EBIZ tracks Solactive E-commerce Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.50% for EBIZ and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.96 vs -0.29), 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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