EDEN vs. UGA
EDEN (iShares MSCI Denmark ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, EDEN returned 9.32%/yr vs 14.31%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. EDEN charges 0.53%/yr vs 0.75%/yr for UGA.
Performance
EDEN vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -3.46% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, EDEN has underperformed UGA with an annualized return of 9.32%, while UGA has yielded a comparatively higher 14.31% annualized return.
EDEN
- 1D
- -0.20%
- 1M
- -1.76%
- YTD
- -3.46%
- 6M
- -3.93%
- 1Y
- -0.63%
- 3Y*
- 3.19%
- 5Y*
- 2.15%
- 10Y*
- 9.32%
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%
EDEN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -3.46% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between EDEN and UGA is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.11 |
The correlation between EDEN and UGA shifts across timeframes, from -0.27 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDEN vs. UGA — Risk / Return Rank
EDEN
UGA
EDEN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) 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.
| EDEN | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.17 | -3.20 |
| Martin ratioReturn relative to average drawdown | -0.06 | 9.39 | -9.46 |
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Drawdowns
EDEN vs. UGA - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EDEN and UGA.
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Drawdown Indicators
| EDEN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -86.59% | +49.98% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -18.96% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -26.68% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -38.11% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -75.89% | +39.28% |
Current DrawdownCurrent decline from peak | -13.92% | -18.05% | +4.13% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -36.69% | +29.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 6.43% | +3.38% |
Volatility
EDEN vs. UGA - Volatility Comparison
The current volatility for iShares MSCI Denmark ETF (EDEN) is 4.76%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that EDEN 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
| EDEN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 9.24% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 30.57% | -14.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 35.22% | -14.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 34.45% | -14.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 37.22% | -17.99% |
EDEN vs. UGA - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EDEN vs. UGA - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 3.17%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 3.17% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
EDEN and UGA have a correlation of -0.27, 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 EDEN (4.76%). In terms of maximum drawdown, EDEN dropped -36.61% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 9.32% for EDEN. On fees, EDEN is cheaper at 0.53% per year. On volatility, EDEN has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 14.31% return vs 9.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDEN is cheaper with a 0.53% expense ratio, compared with 0.75% for UGA.
EDEN has the higher dividend yield at 3.17%, compared with 0.00% for UGA.
EDEN is categorized as Europe Equities, while UGA is Oil & Gas. EDEN tracks MSCI Denmark IMI 25/50 Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.53% for EDEN and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.03), 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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