FCG vs. UGA
Compare and contrast key facts about First Trust Natural Gas ETF (FCG) and United States Gasoline Fund LP (UGA).
FCG and UGA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCG is a passively managed fund by First Trust that tracks the performance of the ISE-Revere Natural Gas Index. It was launched on May 8, 2007. UGA is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Unleaded Gasoline. It was launched on Feb 26, 2008. Both FCG and UGA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FCG vs. UGA - Performance Comparison
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FCG vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 31.44% | -2.28% | 4.16% | 2.55% | 47.24% | 98.49% | -23.20% | -15.76% | -34.81% | -11.38% |
UGA United States Gasoline Fund LP | 61.19% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Returns By Period
In the year-to-date period, FCG achieves a 31.44% return, which is significantly lower than UGA's 61.19% return. Over the past 10 years, FCG has underperformed UGA with an annualized return of 6.95%, while UGA has yielded a comparatively higher 14.86% annualized return.
FCG
- 1D
- -3.34%
- 1M
- 7.40%
- YTD
- 31.44%
- 6M
- 29.47%
- 1Y
- 25.85%
- 3Y*
- 13.93%
- 5Y*
- 21.20%
- 10Y*
- 6.95%
UGA
- 1D
- -3.72%
- 1M
- 31.39%
- YTD
- 61.19%
- 6M
- 57.41%
- 1Y
- 54.00%
- 3Y*
- 17.85%
- 5Y*
- 25.31%
- 10Y*
- 14.86%
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FCG vs. UGA - Expense Ratio Comparison
FCG has a 0.60% expense ratio, which is lower than UGA's 0.75% expense ratio.
Return for Risk
FCG vs. UGA — Risk / Return Rank
FCG
UGA
FCG vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Natural Gas ETF (FCG) 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.
| FCG | UGA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.68 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.19 | 2.18 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 3.53 | -2.40 |
Martin ratioReturn relative to average drawdown | 3.25 | 7.76 | -4.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCG | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.68 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.76 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.40 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.11 | -0.22 |
Correlation
The correlation between FCG and UGA is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FCG vs. UGA - Dividend Comparison
FCG's dividend yield for the trailing twelve months is around 2.09%, while UGA has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 2.09% | 2.86% | 2.76% | 3.25% | 3.04% | 1.73% | 3.82% | 2.87% | 1.46% | 1.56% | 1.70% | 4.79% |
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% |
Drawdowns
FCG vs. UGA - Drawdown Comparison
The maximum FCG drawdown since its inception was -97.20%, which is greater than UGA's maximum drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FCG and UGA.
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Drawdown Indicators
| FCG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.20% | -86.59% | -10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -15.53% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -33.33% | -38.11% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -85.04% | -75.89% | -9.15% |
Current DrawdownCurrent decline from peak | -73.50% | -6.00% | -67.50% |
Average DrawdownAverage peak-to-trough decline | -65.30% | -37.06% | -28.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.14% | 7.07% | +1.07% |
Volatility
FCG vs. UGA - Volatility Comparison
The current volatility for First Trust Natural Gas ETF (FCG) is 7.21%, while United States Gasoline Fund LP (UGA) has a volatility of 18.86%. This indicates that FCG 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
| FCG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 18.86% | -11.65% |
Volatility (6M)Calculated over the trailing 6-month period | 18.62% | 25.78% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.59% | 32.35% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.84% | 33.57% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 37.00% | +1.29% |