EBLU vs. UGA
EBLU (Ecofin Global Water ESG Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EBLU is a Water Equities fund tracking the Ecofin Water ESG Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, EBLU returned 3.78%/yr vs 25.10%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. EBLU charges 0.40%/yr vs 0.75%/yr for UGA.
Performance
EBLU vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EBLU achieves a -1.99% return, which is significantly lower than UGA's 75.49% return.
EBLU
- 1D
- 0.17%
- 1M
- -3.28%
- YTD
- -1.99%
- 6M
- -4.11%
- 1Y
- -1.51%
- 3Y*
- 9.71%
- 5Y*
- 3.78%
- 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%
EBLU vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EBLU Ecofin Global Water ESG Fund | -1.99% | 11.82% | 8.54% | 20.95% | -25.99% | 28.93% | 15.74% | 38.72% | -12.80% | 20.21% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 11.56% |
Correlation
The correlation between EBLU and UGA is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2017 | 0.11 |
The correlation between EBLU and UGA shifts across timeframes, from -0.36 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EBLU vs. UGA — Risk / Return Rank
EBLU
UGA
EBLU vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Water ESG Fund (EBLU) 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.
| EBLU | UGA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.11 | 2.32 | -2.42 |
Sortino ratioReturn per unit of downside risk | -0.05 | 2.75 | -2.80 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.12 | 5.47 | -5.58 |
Martin ratioReturn relative to average drawdown | -0.28 | 13.25 | -13.53 |
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
| EBLU | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 2.32 | -2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.73 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.12 | +0.38 |
Drawdowns
EBLU vs. UGA - Drawdown Comparison
The maximum EBLU drawdown since its inception was -37.58%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EBLU and UGA.
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Drawdown Indicators
| EBLU | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -86.59% | +49.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -14.88% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -26.68% | +11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -38.11% | +2.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -11.65% | -12.35% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -36.76% | +28.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 6.13% | -0.67% |
Volatility
EBLU vs. UGA - Volatility Comparison
The current volatility for Ecofin Global Water ESG Fund (EBLU) is 4.35%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that EBLU 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
| EBLU | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 11.66% | -7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 30.41% | -18.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 35.14% | -20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 34.38% | -17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 37.27% | -18.31% |
EBLU vs. UGA - Expense Ratio Comparison
EBLU has a 0.40% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EBLU vs. UGA - Dividend Comparison
EBLU's dividend yield for the trailing twelve months is around 3.37%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EBLU Ecofin Global Water ESG Fund | 3.37% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% |
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% |
Frequently Asked Questions
EBLU and UGA have a correlation of -0.36, 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 EBLU (4.35%). In terms of maximum drawdown, EBLU dropped -37.58% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 3.78% for EBLU. On fees, EBLU is cheaper at 0.40% per year. On volatility, EBLU has been the lower-risk option at 4.35%. 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 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBLU is cheaper with a 0.40% expense ratio, compared with 0.75% for UGA.
EBLU has the higher dividend yield at 3.37%, compared with 0.00% for UGA.
EBLU is categorized as Water Equities, while UGA is Oil & Gas. EBLU tracks Ecofin Water ESG Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Tortoise and Concierge Technologies. Their fees differ too: 0.40% for EBLU and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs -0.11), 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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