EUDV vs. UGA
EUDV (ProShares MSCI Europe Dividend Growers ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EUDV is a Europe Equities fund tracking the MSCI Europe Dividend Masters Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, EUDV returned 5.53%/yr vs 14.31%/yr for UGA. At a 0.10 correlation, their price movements are largely independent. EUDV charges 0.55%/yr vs 0.75%/yr for UGA.
Performance
EUDV vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EUDV achieves a 0.21% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, EUDV has underperformed UGA with an annualized return of 5.53%, while UGA has yielded a comparatively higher 14.31% annualized return.
EUDV
- 1D
- -0.40%
- 1M
- -2.70%
- YTD
- 0.21%
- 6M
- 0.08%
- 1Y
- -1.24%
- 3Y*
- 7.37%
- 5Y*
- 1.81%
- 10Y*
- 5.53%
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
EUDV vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUDV ProShares MSCI Europe Dividend Growers ETF | 0.21% | 14.05% | 0.03% | 20.41% | -24.87% | 19.56% | 5.81% | 25.89% | -11.12% | 21.57% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between EUDV and UGA is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015 | 0.10 |
The correlation between EUDV and UGA shifts across timeframes, from -0.36 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUDV vs. UGA — Risk / Return Rank
EUDV
UGA
EUDV vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) 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.
| EUDV | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 3.17 | -3.28 |
| Martin ratioReturn relative to average drawdown | -0.31 | 9.39 | -9.71 |
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Drawdowns
EUDV vs. UGA - Drawdown Comparison
The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EUDV and UGA.
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Drawdown Indicators
| EUDV | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -86.59% | +49.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -18.96% | +8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -26.68% | +12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -37.51% | -38.11% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.51% | -75.89% | +38.38% |
Current DrawdownCurrent decline from peak | -5.62% | -18.05% | +12.43% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -36.69% | +28.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 6.43% | -2.46% |
Volatility
EUDV vs. UGA - Volatility Comparison
The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.91%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that EUDV 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
| EUDV | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 9.24% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 30.57% | -19.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 35.22% | -21.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 34.45% | -18.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 37.22% | -20.05% |
EUDV vs. UGA - Expense Ratio Comparison
EUDV has a 0.55% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EUDV vs. UGA - Dividend Comparison
EUDV's dividend yield for the trailing twelve months is around 1.73%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUDV ProShares MSCI Europe Dividend Growers ETF | 1.73% | 1.74% | 1.92% | 1.87% | 1.77% | 2.30% | 1.27% | 2.20% | 2.22% | 2.33% | 2.53% | 0.37% |
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
EUDV and UGA have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to EUDV (3.91%). In terms of maximum drawdown, EUDV dropped -37.51% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 5.53% for EUDV. On fees, EUDV is cheaper at 0.55% per year. On volatility, EUDV has been the lower-risk option at 3.91%. 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 14.31% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUDV is cheaper with a 0.55% expense ratio, compared with 0.75% for UGA.
EUDV has the higher dividend yield at 1.73%, compared with 0.00% for UGA.
EUDV is categorized as Europe Equities, while UGA is Oil & Gas. EUDV tracks MSCI Europe Dividend Masters Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: ProShares and Concierge Technologies. Their fees differ too: 0.55% for EUDV and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.09), 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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