FDN vs. UGA
FDN (First Trust Dow Jones Internet Index) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FDN is a Large Cap Growth Equities fund tracking the Dow Jones Internet Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, FDN returned 13.87%/yr vs 13.99%/yr for UGA. At a 0.20 correlation, their price movements are largely independent. FDN charges 0.52%/yr vs 0.75%/yr for UGA.
Performance
FDN vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FDN achieves a -3.82% return, which is significantly lower than UGA's 59.54% return. Both investments have delivered pretty close results over the past 10 years, with FDN having a 13.87% annualized return and UGA not far ahead at 13.99%.
FDN
- 1D
- 0.17%
- 1M
- -5.47%
- YTD
- -3.82%
- 6M
- -4.85%
- 1Y
- -0.83%
- 3Y*
- 17.50%
- 5Y*
- 1.22%
- 10Y*
- 13.87%
UGA
- 1D
- -2.77%
- 1M
- -14.54%
- YTD
- 59.54%
- 6M
- 55.91%
- 1Y
- 62.68%
- 3Y*
- 17.85%
- 5Y*
- 22.22%
- 10Y*
- 13.99%
FDN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDN First Trust Dow Jones Internet Index | -3.82% | 10.70% | 30.35% | 51.48% | -45.54% | 6.55% | 52.55% | 19.25% | 6.17% | 37.64% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between FDN and UGA is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2008 | 0.20 |
The correlation between FDN and UGA shifts across timeframes, from -0.13 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDN vs. UGA — Risk / Return Rank
FDN
UGA
FDN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) 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.
| FDN | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.31 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.10 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.10 | 9.66 | -9.76 |
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Drawdowns
FDN vs. UGA - Drawdown Comparison
The maximum FDN drawdown since its inception was -61.55%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FDN and UGA.
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Drawdown Indicators
| FDN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.55% | -86.59% | +25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -21.31% | -20.32% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -26.68% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -53.97% | -38.11% | -15.86% |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | -75.89% | +21.92% |
Current DrawdownCurrent decline from peak | -10.65% | -20.32% | +9.67% |
Average DrawdownAverage peak-to-trough decline | -11.81% | -36.69% | +24.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | 6.51% | +2.06% |
Volatility
FDN vs. UGA - Volatility Comparison
The current volatility for First Trust Dow Jones Internet Index (FDN) is 7.41%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that FDN 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
| FDN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 9.45% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 30.74% | -15.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.74% | 34.84% | -15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.36% | 34.47% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.62% | 37.22% | -11.60% |
FDN vs. UGA - Expense Ratio Comparison
FDN has a 0.52% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FDN vs. UGA - Dividend Comparison
Neither FDN nor UGA has paid dividends to shareholders.
Frequently Asked Questions
FDN and UGA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.45%) compared to FDN (7.41%). In terms of maximum drawdown, FDN dropped -61.55% vs UGA's -86.59%.
On 10-year performance, UGA leads with 13.99% vs 13.87% for FDN. On fees, FDN is cheaper at 0.52% per year. On volatility, FDN has been the lower-risk option at 7.41%. 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 13.99% return vs 13.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDN is cheaper with a 0.52% expense ratio, compared with 0.75% for UGA.
FDN and UGA have nearly identical dividend yields, around 0.00%.
FDN is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. FDN tracks Dow Jones Internet Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.52% for FDN and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs -0.04), 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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