EVLU vs. UGA
EVLU (iShares MSCI Emerging Markets Value Factor ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net), while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past year, EVLU returned 59.59% vs 59.74% for UGA. At a correlation of -0.02, they often move in opposite directions. EVLU charges 0.35%/yr vs 0.75%/yr for UGA.
Performance
EVLU vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, EVLU achieves a 28.98% return, which is significantly lower than UGA's 64.09% return.
EVLU
- 1D
- -3.07%
- 1M
- 3.10%
- YTD
- 28.98%
- 6M
- 30.29%
- 1Y
- 59.59%
- 3Y*
- —
- 5Y*
- —
- 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%
EVLU vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 28.98% | 38.54% | 1.21% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 9.76% |
Correlation
The correlation between EVLU and UGA is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | -0.02 |
The correlation between EVLU and UGA shifts across timeframes, from -0.19 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVLU vs. UGA — Risk / Return Rank
EVLU
UGA
EVLU vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) 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.
| EVLU | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.30 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 3.17 | +1.48 |
| Martin ratioReturn relative to average drawdown | 16.27 | 9.39 | +6.88 |
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Drawdowns
EVLU vs. UGA - Drawdown Comparison
The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for EVLU and UGA.
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Drawdown Indicators
| EVLU | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -86.59% | +69.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -18.96% | +6.06% |
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 DrawdownCurrent decline from peak | -5.94% | -18.05% | +12.11% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -36.69% | +33.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 6.43% | -2.76% |
Volatility
EVLU vs. UGA - Volatility Comparison
iShares MSCI Emerging Markets Value Factor ETF (EVLU) and United States Gasoline Fund LP (UGA) have volatilities of 9.29% and 9.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLU | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 9.24% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 30.57% | -12.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 35.22% | -15.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 34.45% | -14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 37.22% | -16.86% |
EVLU vs. UGA - Expense Ratio Comparison
EVLU has a 0.35% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
EVLU vs. UGA - Dividend Comparison
EVLU's dividend yield for the trailing twelve months is around 3.77%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.77% | 5.20% | 1.03% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVLU and UGA have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.29%) compared to UGA (9.24%). In terms of maximum drawdown, EVLU dropped -17.17% vs UGA's -86.59%.
On 1-year performance, UGA leads with 59.74% vs 59.59% for EVLU. On fees, EVLU is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UGA has performed better with a 59.74% return vs 59.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.75% for UGA.
EVLU has the higher dividend yield at 3.77%, compared with 0.00% for UGA.
EVLU is categorized as Emerging Markets Equities, while UGA is Oil & Gas. EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net), while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.35% for EVLU and 0.75% for UGA.
EVLU currently has the higher Sharpe Ratio (2.97 vs 1.73), 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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