EUSB vs. UGA
EUSB (iShares ESG Advanced Total USD Bond Market ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg MSCI US Universal Choice ESG Screened Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, EUSB returned 0.31%/yr vs 22.69%/yr for UGA. At a correlation of -0.13, they often move in opposite directions. EUSB charges 0.12%/yr vs 0.75%/yr for UGA.
Performance
EUSB vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EUSB achieves a 0.35% return, which is significantly lower than UGA's 64.09% return.
EUSB
- 1D
- 0.07%
- 1M
- 0.71%
- YTD
- 0.35%
- 6M
- 0.62%
- 1Y
- 4.36%
- 3Y*
- 4.33%
- 5Y*
- 0.31%
- 10Y*
- —
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%
EUSB vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 0.35% | 7.45% | 1.83% | 5.80% | -12.81% | -1.29% | 1.47% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 29.45% |
Correlation
The correlation between EUSB and UGA is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | -0.13 |
Over the past year, the inverse relationship between EUSB and UGA has strengthened: their correlation has moved from -0.13 to -0.44, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EUSB vs. UGA — Risk / Return Rank
EUSB
UGA
EUSB vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Total USD Bond Market ETF (EUSB) 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.
| EUSB | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 3.17 | -1.40 |
| Martin ratioReturn relative to average drawdown | 5.02 | 9.39 | -4.37 |
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Drawdowns
EUSB vs. UGA - Drawdown Comparison
The maximum EUSB drawdown since its inception was -17.87%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EUSB and UGA.
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Drawdown Indicators
| EUSB | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -86.59% | +68.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -18.96% | +16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.76% | -26.68% | +20.92% |
Max Drawdown (5Y)Largest decline over 5 years | -17.45% | -38.11% | +20.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -1.15% | -18.05% | +16.90% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -36.69% | +30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 6.43% | -5.56% |
Volatility
EUSB vs. UGA - Volatility Comparison
The current volatility for iShares ESG Advanced Total USD Bond Market ETF (EUSB) is 0.99%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that EUSB 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
| EUSB | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 9.24% | -8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 30.57% | -28.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 35.22% | -31.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.78% | 34.45% | -28.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 37.22% | -31.82% |
EUSB vs. UGA - Expense Ratio Comparison
EUSB has a 0.12% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EUSB vs. UGA - Dividend Comparison
EUSB's dividend yield for the trailing twelve months is around 3.96%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 3.96% | 3.84% | 3.67% | 3.08% | 2.21% | 1.10% | 0.57% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUSB and UGA have a correlation of -0.44, 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 EUSB (0.99%). In terms of maximum drawdown, EUSB dropped -17.87% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 0.31% for EUSB. On fees, EUSB is cheaper at 0.12% per year. On volatility, EUSB has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 22.69% return vs 0.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSB is cheaper with a 0.12% expense ratio, compared with 0.75% for UGA.
EUSB has the higher dividend yield at 3.96%, compared with 0.00% for UGA.
EUSB is categorized as Intermediate Core-Plus Bond, while UGA is Oil & Gas. EUSB tracks Bloomberg MSCI US Universal Choice ESG Screened Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.12% for EUSB and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs 1.25), 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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