EDGX vs. UGA

Last updated Jun 4, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EDGX is a Derivative Income fund tracking the Solactive GBS United States 500 Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. At a correlation of -0.59, they often move in opposite directions.

Performance

EDGX vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.49%
• 1M: 4.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGX vs. UGA - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	10.16%
UGA United States Gasoline Fund LP	54.29%

Correlation

The correlation between EDGX and UGA is -0.59, 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 (All Time) Calculated using the full available price history since Feb 19, 2026	-0.59

Return for Risk

EDGX vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UGA

UGA Risk / Return Rank: 69
UGA Sharpe Ratio Rank: 69
UGA Sortino Ratio Rank: 57
UGA Omega Ratio Rank: 60
UGA Calmar Ratio Rank: 89
UGA Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGX vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EDGX	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
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	3.05	0.12	+2.93

Drawdowns

EDGX vs. UGA - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EDGX and UGA.

Drawdown Indicators

	EDGX	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-86.59%	+79.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-0.49%	-12.35%	+11.86%
Average Drawdown Average peak-to-trough decline	-1.50%	-36.76%	+35.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.13%	—

Volatility

Volatility by Period

	EDGX	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	35.14%	-22.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.10%	34.38%	-21.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.10%	37.27%	-24.17%

Dividends

EDGX vs. UGA - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 2.43%, while UGA has not paid dividends to shareholders.

Position	TTM
EDGX Global X U.S. 500 Income Edge ETF	2.43%
UGA United States Gasoline Fund LP	0.00%

Frequently Asked Questions

Can I hold both EDGX and UGA in my portfolio?

EDGX and UGA have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, EDGX or UGA?

EDGX has the higher dividend yield at 2.43%, compared with 0.00% for UGA.

What is the main difference between EDGX and UGA?

EDGX is categorized as Derivative Income, while UGA is Oil & Gas. EDGX tracks Solactive GBS United States 500 Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies.