EPHE vs. UGA
EPHE (iShares MSCI Philippines ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines 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, EPHE returned -2.87%/yr vs 18.03%/yr for UGA. Their 0.14 correlation means their historical movements had little consistent relationship. EPHE charges 0.59%/yr vs 1.02%/yr for UGA.
Performance
EPHE vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EPHE achieves a 4.57% return, which is significantly lower than UGA's 91.06% return. Over the past 10 years, EPHE has underperformed UGA with an annualized return of -2.87%, while UGA has yielded a comparatively higher 18.03% annualized return.
EPHE
- 1D
- -0.51%
- 1M
- 4.41%
- 6M
- 0.35%
- YTD
- 4.57%
- 1Y
- 1.90%
- 3Y*
- 0.76%
- 5Y*
- 0.25%
- 10Y*
- -2.87%
- ALL TIME*
- 1.41%
UGA
- 1D
- -0.01%
- 1M
- 14.56%
- 6M
- 70.02%
- YTD
- 91.06%
- 1Y
- 88.12%
- 3Y*
- 17.55%
- 5Y*
- 25.78%
- 10Y*
- 18.03%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.93M | $3.16M | $3.33M | |
| $6.47M | $5.01M | $4.85M |
EPHE vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 4.57% | 1.56% | -1.41% | 1.27% | -15.87% | -2.23% | -3.95% | 8.50% | -17.50% | 20.20% |
UGA United States Gasoline Fund, LP | 91.06% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between EPHE and UGA is -0.28, 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. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010 | 0.14 |
The correlation between EPHE and UGA shifts across timeframes, from -0.28 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EPHE vs. UGA — Risk / Return Rank
EPHE
UGA
EPHE vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) 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.
| EPHE | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.37 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 4.12 | -3.90 |
| Martin ratioReturn relative to average drawdown | 0.39 | 11.57 | -11.18 |
Loading charts...
Drawdowns
EPHE vs. UGA - Drawdown Comparison
The maximum EPHE drawdown since its inception was -53.82%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EPHE and UGA.
Loading charts...
Drawdown Indicators
| EPHE | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -86.59% | +32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -20.32% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -26.68% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | -38.11% | +5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -51.62% | -75.89% | +24.27% |
Current DrawdownCurrent decline from peak | -30.85% | -5.63% | -25.22% |
Average DrawdownAverage peak-to-trough decline | -21.09% | -36.53% | +15.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.66% | 7.26% | +1.40% |
Volatility
EPHE vs. UGA - Volatility Comparison
The current volatility for iShares MSCI Philippines ETF (EPHE) is 4.21%, while United States Gasoline Fund, LP (UGA) has a volatility of 11.28%. This indicates that EPHE 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.
Loading charts...
Volatility by Period
| EPHE | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 11.28% | -7.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 31.98% | -16.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 36.11% | -15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 34.60% | -16.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 37.26% | -14.98% |
EPHE vs. UGA - Expense Ratio Comparison
EPHE has a 0.59% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
EPHE vs. UGA - Dividend Comparison
EPHE's dividend yield for the trailing twelve months is around 2.66%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 2.66% | 2.11% | 2.32% | 2.01% | 1.73% | 1.05% | 0.72% | 0.78% | 0.45% | 0.36% | 0.71% | 1.03% |
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
EPHE and UGA have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.28%) compared to EPHE (4.21%). In terms of maximum drawdown, EPHE dropped -53.82% vs UGA's -86.59%.
On 10-year performance, UGA leads with 18.03% vs -2.87% for EPHE. On fees, EPHE is cheaper at 0.59% per year. On volatility, EPHE has been the lower-risk option at 4.21%. 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 18.03% return vs -2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPHE is cheaper with a 0.59% expense ratio, compared with 1.02% for UGA.
EPHE has the higher dividend yield at 2.66%, compared with 0.00% for UGA.
EPHE is categorized as Asia Pacific Equities, while UGA is Oil & Gas. EPHE tracks MSCI Philippines 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 EPHE and 1.02% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 0.17), 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.
Find the right allocation for EPHE and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer