EPIN vs. UGA

Last updated Jun 25, 2026

EPIN (Harbor International Equity ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EPIN is a Foreign Large Cap Equities fund actively managed by Harbor, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. EPIN is actively managed, while UGA is passively managed. Over the past year, EPIN returned 37.79% vs 62.68% for UGA. At a correlation of -0.27, they often move in opposite directions. EPIN charges 0.80%/yr vs 0.75%/yr for UGA.

Performance

EPIN vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor International Equity ETF (EPIN) 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, EPIN achieves a 21.76% return, which is significantly lower than UGA's 59.54% return.

EPIN

• 1D: -0.21%
• 1M: 3.18%
• YTD: 21.76%
• 6M: 21.92%
• 1Y: 37.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGA

• 1D: -2.77%
• 1M: -14.54%
• YTD: 59.54%
• 6M: 55.91%
• 1Y: 62.68%
• 3Y*: 17.85%
• 5Y*: 22.22%
• 10Y*: 13.99%

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

EPIN vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
EPIN Harbor International Equity ETF	21.76%	14.36%
UGA United States Gasoline Fund LP	59.54%	5.14%

Correlation

The correlation between EPIN and UGA is -0.25, 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	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.27

Return for Risk

EPIN vs. UGA — Risk / Return Rank

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

EPIN

EPIN Risk / Return Rank: 73
EPIN Sharpe Ratio Rank: 73
EPIN Sortino Ratio Rank: 71
EPIN Omega Ratio Rank: 73
EPIN Calmar Ratio Rank: 74
EPIN Martin Ratio Rank: 75

UGA

UGA Risk / Return Rank: 60
UGA Sharpe Ratio Rank: 62
UGA Sortino Ratio Rank: 54
UGA Omega Ratio Rank: 55
UGA Calmar Ratio Rank: 69
UGA Martin Ratio Rank: 60

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.

EPIN vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor International Equity ETF (EPIN) 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.

	EPIN	UGA	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.83	+0.21
Sortino ratio: Return per unit of downside risk	2.78	2.35	+0.43
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.26	3.10	+0.16
Martin ratio: Return relative to average drawdown	12.22	9.66	+2.56

EPIN vs. UGA - Sharpe Ratio Comparison

The current EPIN Sharpe Ratio is 2.04, which is comparable to the UGA Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of EPIN 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.

Drawdowns

EPIN vs. UGA - Drawdown Comparison

The maximum EPIN drawdown since its inception was -11.64%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EPIN and UGA.

Drawdown Indicators

	EPIN	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-11.64%	-86.59%	+74.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.64%	-20.32%	+8.68%
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	-3.18%	-20.32%	+17.14%
Average Drawdown Average peak-to-trough decline	-1.81%	-36.69%	+34.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	6.51%	-3.41%

Volatility

EPIN vs. UGA - Volatility Comparison

The current volatility for Harbor International Equity ETF (EPIN) is 8.48%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that EPIN 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.

Volatility by Period

	EPIN	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.48%	9.45%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	30.74%	-14.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	34.84%	-16.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	34.47%	-16.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	37.22%	-18.80%

EPIN vs. UGA - Expense Ratio Comparison

EPIN has a 0.80% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

EPIN vs. UGA - Dividend Comparison

EPIN's dividend yield for the trailing twelve months is around 0.65%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
EPIN Harbor International Equity ETF	0.65%	0.79%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPIN and UGA in my portfolio?

EPIN and UGA have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPIN or UGA?

UGA has higher volatility (9.45%) compared to EPIN (8.48%). In terms of maximum drawdown, EPIN dropped -11.64% vs UGA's -86.59%.

Which ETF is better, EPIN or UGA?

On 1-year performance, UGA leads with 62.68% vs 37.79% for EPIN. On fees, UGA is cheaper at 0.75% per year. On volatility, EPIN has been the lower-risk option at 8.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPIN or UGA?

Over the 1-year period, UGA has performed better with a 62.68% return vs 37.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPIN or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 0.80% for EPIN.

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

EPIN has the higher dividend yield at 0.65%, compared with 0.00% for UGA.

What is the main difference between EPIN and UGA?

EPIN is categorized as Foreign Large Cap Equities, while UGA is Oil & Gas. They also come from different issuers: Harbor and Concierge Technologies. Their fees differ too: 0.80% for EPIN and 0.75% for UGA.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (2.04 vs 1.82), 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.