FDAT vs. UGA
FDAT (Tactical Advantage ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FDAT is a Diversified Portfolio fund actively managed by Tactical Funds, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. FDAT is actively managed, while UGA is passively managed. Over the past 3 years, FDAT returned 9.02%/yr vs 22.21%/yr for UGA. At a correlation of -0.03, they often move in opposite directions. FDAT charges 0.74%/yr vs 0.75%/yr for UGA.
Performance
FDAT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FDAT achieves a 3.20% return, which is significantly lower than UGA's 75.49% return.
FDAT
- 1D
- -0.27%
- 1M
- 1.24%
- YTD
- 3.20%
- 6M
- 3.66%
- 1Y
- 11.57%
- 3Y*
- 9.02%
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
FDAT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDAT Tactical Advantage ETF | 3.20% | 7.50% | 9.90% | 6.14% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 2.57% |
Correlation
The correlation between FDAT and UGA is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023 | -0.03 |
The correlation between FDAT and UGA shifts across timeframes, from -0.21 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDAT vs. UGA — Risk / Return Rank
FDAT
UGA
FDAT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tactical Advantage ETF (FDAT) 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.
| FDAT | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 5.47 | -3.49 |
| Martin ratioReturn relative to average drawdown | 5.59 | 13.25 | -7.66 |
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
| FDAT | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.32 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.12 | +0.79 |
Drawdowns
FDAT vs. UGA - Drawdown Comparison
The maximum FDAT drawdown since its inception was -8.20%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FDAT and UGA.
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Drawdown Indicators
| FDAT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.20% | -86.59% | +78.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -14.88% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -8.20% | -26.68% | +18.48% |
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 | -2.27% | -12.35% | +10.08% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -36.76% | +34.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 6.13% | -4.06% |
Volatility
FDAT vs. UGA - Volatility Comparison
The current volatility for Tactical Advantage ETF (FDAT) is 3.31%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that FDAT 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
| FDAT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 11.66% | -8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 30.41% | -23.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 35.14% | -25.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 34.38% | -24.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 37.27% | -27.80% |
FDAT vs. UGA - Expense Ratio Comparison
FDAT has a 0.74% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FDAT vs. UGA - Dividend Comparison
FDAT's dividend yield for the trailing twelve months is around 5.64%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FDAT Tactical Advantage ETF | 5.64% | 4.77% | 8.99% | 1.58% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDAT and UGA have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to FDAT (3.31%). In terms of maximum drawdown, FDAT dropped -8.20% vs UGA's -86.59%.
On 3-year performance, UGA leads with 22.21% vs 9.02% for FDAT. On fees, FDAT is cheaper at 0.74% per year. On volatility, FDAT has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UGA has performed better with a 22.21% return vs 9.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDAT is cheaper with a 0.74% expense ratio, compared with 0.75% for UGA.
FDAT has the higher dividend yield at 5.64%, compared with 0.00% for UGA.
FDAT is categorized as Diversified Portfolio, while UGA is Oil & Gas. They also come from different issuers: Tactical Funds and Concierge Technologies. Their fees differ too: 0.74% for FDAT and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 1.18), 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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