EFXT vs. UGA

Last updated Jun 4, 2026

EFXT (Enerflex Ltd.) is a stock, while UGA (United States Gasoline Fund LP) is Oil & Gas fund tracking the Front Month Unleaded Gasoline. Over the past 10 years, EFXT returned 14.46%/yr vs 14.43%/yr for UGA. At a 0.18 correlation, their price movements are largely independent.

Performance

EFXT vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enerflex Ltd. (EFXT) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFXT achieves a 68.34% return, which is significantly lower than UGA's 75.49% return. Both investments have delivered pretty close results over the past 10 years, with EFXT having a 14.46% annualized return and UGA not far behind at 14.43%.

EFXT

• 1D: -1.26%
• 1M: -5.44%
• YTD: 68.34%
• 6M: 89.05%
• 1Y: 248.58%
• 3Y*: 64.38%
• 5Y*: 32.01%
• 10Y*: 14.46%

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)

EFXT vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EFXT Enerflex Ltd.	68.34%	57.04%	115.79%	-25.13%	5.83%	15.59%	-42.16%	-17.32%	-2.49%	-1.70%
UGA United States Gasoline Fund LP	75.49%	-2.00%	3.77%	1.27%	46.34%	68.49%	-24.88%	41.25%	-28.07%	1.69%

Correlation

The correlation between EFXT and UGA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011	0.18

The correlation between EFXT and UGA shifts across timeframes, from 0.18 (all time) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EFXT vs. UGA — Risk / Return Rank

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

EFXT

EFXT Risk / Return Rank: 99
EFXT Sharpe Ratio Rank: 99
EFXT Sortino Ratio Rank: 98
EFXT Omega Ratio Rank: 98
EFXT Calmar Ratio Rank: 99
EFXT Martin Ratio Rank: 99

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.

EFXT vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enerflex Ltd. (EFXT) 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.

	EFXT	UGA	Difference
Sharpe ratio: Return per unit of total volatility	6.04	2.32	+3.73
Sortino ratio: Return per unit of downside risk	5.55	2.75	+2.80
Omega ratio: Gain probability vs. loss probability	1.78	1.37	+0.41
Calmar ratio: Return relative to maximum drawdown	17.03	5.47	+11.56
Martin ratio: Return relative to average drawdown	56.79	13.25	+43.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFXT vs. UGA - Sharpe Ratio Comparison

The current EFXT Sharpe Ratio is 6.04, which is higher than the UGA Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of EFXT and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EFXT	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.04	2.32	+3.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.73	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.39	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.12	+0.03

Drawdowns

EFXT vs. UGA - Drawdown Comparison

The maximum EFXT drawdown since its inception was -81.64%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EFXT and UGA.

Drawdown Indicators

	EFXT	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-81.64%	-86.59%	+4.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.70%	-14.88%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-51.26%	-26.68%	-24.58%
Max Drawdown (5Y) Largest decline over 5 years	-56.16%	-38.11%	-18.05%
Max Drawdown (10Y) Largest decline over 10 years	-79.04%	-75.89%	-3.15%
Current Drawdown Current decline from peak	-8.63%	-12.35%	+3.72%
Average Drawdown Average peak-to-trough decline	-38.32%	-36.76%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	6.13%	-1.73%

Volatility

EFXT vs. UGA - Volatility Comparison

Enerflex Ltd. (EFXT) and United States Gasoline Fund LP (UGA) have volatilities of 11.75% and 11.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFXT	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.75%	11.66%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	33.77%	30.41%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	41.61%	35.14%	+6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.81%	34.38%	+14.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.04%	37.27%	+10.77%

Dividends

EFXT vs. UGA - Dividend Comparison

EFXT's dividend yield for the trailing twelve months is around 0.46%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFXT Enerflex Ltd.	0.46%	0.72%	0.82%	1.56%	1.22%	1.14%	2.42%	3.43%	2.13%	2.08%	2.67%	3.55%
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

Can I hold both EFXT and UGA in my portfolio?

EFXT 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.

Which is riskier, EFXT or UGA?

EFXT has higher volatility (11.75%) compared to UGA (11.66%). In terms of maximum drawdown, EFXT dropped -81.64% vs UGA's -86.59%.

Which has better risk-adjusted returns?

EFXT currently has the higher Sharpe Ratio (6.04 vs 2.32), 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.