EIDO vs. UGA
EIDO (iShares MSCI Indonesia ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - EIDO is a Indonesia Equities fund tracking the MSCI Indonesia Investable Market Index, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. Both are passively managed. Over the past 10 years, EIDO returned -5.01%/yr vs 16.82%/yr for UGA. Their 0.19 correlation means their historical movements had little consistent relationship. EIDO charges 0.59%/yr vs 1.02%/yr for UGA.
Performance
EIDO vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EIDO achieves a -32.06% return, which is significantly lower than UGA's 80.98% return. Over the past 10 years, EIDO has underperformed UGA with an annualized return of -5.01%, while UGA has yielded a comparatively higher 16.82% annualized return.
EIDO
- 1D
- 0.81%
- 1M
- 8.91%
- 6M
- -27.03%
- YTD
- -32.06%
- 1Y
- -27.16%
- 3Y*
- -15.44%
- 5Y*
- -6.41%
- 10Y*
- -5.01%
- ALL TIME*
- -1.53%
UGA
- 1D
- -5.27%
- 1M
- 8.52%
- 6M
- 69.92%
- YTD
- 80.98%
- 1Y
- 78.20%
- 3Y*
- 16.66%
- 5Y*
- 25.31%
- 10Y*
- 16.82%
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.59M | $15.49M | $20.66M | |
| $8.16M | $5.91M | $4.98M |
EIDO vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIDO iShares MSCI Indonesia ETF | -32.06% | 4.90% | -13.02% | 2.56% | -0.16% | -0.60% | -7.13% | 5.30% | -10.88% | 19.40% |
UGA United States Gasoline Fund, LP | 80.98% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between EIDO and UGA is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.19 |
The correlation between EIDO and UGA shifts across timeframes, from -0.17 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIDO vs. UGA — Risk / Return Rank
EIDO
UGA
EIDO vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) 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.
| EIDO | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.35 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 3.87 | -4.49 |
| Martin ratioReturn relative to average drawdown | -1.44 | 10.83 | -12.27 |
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Drawdowns
EIDO vs. UGA - Drawdown Comparison
The maximum EIDO drawdown since its inception was -63.21%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EIDO and UGA.
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Drawdown Indicators
| EIDO | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.21% | -86.59% | +23.38% |
Max Drawdown (1Y)Largest decline over 1 year | -43.81% | -20.32% | -23.49% |
Max Drawdown (3Y)Largest decline over 3 years | -51.77% | -26.68% | -25.09% |
Max Drawdown (5Y)Largest decline over 5 years | -51.77% | -38.11% | -13.66% |
Max Drawdown (10Y)Largest decline over 10 years | -59.41% | -75.89% | +16.48% |
Current DrawdownCurrent decline from peak | -53.63% | -10.61% | -43.02% |
Average DrawdownAverage peak-to-trough decline | -24.93% | -36.53% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.87% | 7.25% | +11.62% |
Volatility
EIDO vs. UGA - Volatility Comparison
The current volatility for iShares MSCI Indonesia ETF (EIDO) is 6.67%, while United States Gasoline Fund, LP (UGA) has a volatility of 12.68%. This indicates that EIDO 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
| EIDO | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 12.68% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 32.51% | -11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.27% | 36.42% | -10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 34.68% | -13.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.02% | 37.30% | -12.28% |
EIDO vs. UGA - Expense Ratio Comparison
EIDO has a 0.59% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
EIDO vs. UGA - Dividend Comparison
EIDO's dividend yield for the trailing twelve months is around 3.28%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIDO iShares MSCI Indonesia ETF | 3.28% | 3.56% | 5.20% | 2.94% | 2.53% | 1.33% | 1.51% | 1.78% | 1.99% | 1.26% | 1.16% | 1.67% |
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
EIDO and UGA have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (12.68%) compared to EIDO (6.67%). In terms of maximum drawdown, EIDO dropped -63.21% vs UGA's -86.59%.
On 10-year performance, UGA leads with 16.82% vs -5.01% for EIDO. On fees, EIDO is cheaper at 0.59% per year. On volatility, EIDO has been the lower-risk option at 6.67%. 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 16.82% return vs -5.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EIDO is cheaper with a 0.59% expense ratio, compared with 1.02% for UGA.
EIDO has the higher dividend yield at 3.28%, compared with 0.00% for UGA.
EIDO is categorized as Indonesia Equities, while UGA is Oil & Gas. EIDO tracks MSCI Indonesia Investable Market Index, while UGA tracks Near-Month NYMEX RBOB Gasoline Futures Contract. They also come from different issuers: iShares and USCF. Their fees differ too: 0.59% for EIDO and 1.02% for UGA.
UGA currently has the higher Sharpe Ratio (2.16 vs -1.04), 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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