FDNI vs. UGA
FDNI (First Trust Dow Jones International Internet ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FDNI is a Large Cap Growth Equities fund tracking the Dow Jones International Internet Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, FDNI returned -11.29%/yr vs 22.69%/yr for UGA. At a 0.12 correlation, their price movements are largely independent. FDNI charges 0.65%/yr vs 0.75%/yr for UGA.
Performance
FDNI vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FDNI achieves a -25.93% return, which is significantly lower than UGA's 64.09% return.
FDNI
- 1D
- -2.49%
- 1M
- -7.71%
- YTD
- -25.93%
- 6M
- -26.55%
- 1Y
- -23.20%
- 3Y*
- 4.77%
- 5Y*
- -11.29%
- 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%
FDNI vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -25.93% | 25.64% | 22.46% | 1.78% | -38.38% | -20.59% | 85.27% | 38.38% | -8.39% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -21.92% |
Correlation
The correlation between FDNI 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 (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018 | 0.12 |
The correlation between FDNI and UGA shifts across timeframes, from -0.19 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDNI vs. UGA — Risk / Return Rank
FDNI
UGA
FDNI vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) 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.
| FDNI | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.30 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 3.17 | -3.81 |
| Martin ratioReturn relative to average drawdown | -1.24 | 9.39 | -10.63 |
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Drawdowns
FDNI vs. UGA - Drawdown Comparison
The maximum FDNI drawdown since its inception was -71.08%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FDNI and UGA.
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Drawdown Indicators
| FDNI | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.08% | -86.59% | +15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -36.22% | -18.96% | -17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -36.22% | -26.68% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -65.86% | -38.11% | -27.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -54.18% | -18.05% | -36.13% |
Average DrawdownAverage peak-to-trough decline | -34.65% | -36.69% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.78% | 6.43% | +12.35% |
Volatility
FDNI vs. UGA - Volatility Comparison
The current volatility for First Trust Dow Jones International Internet ETF (FDNI) is 7.77%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that FDNI 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
| FDNI | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 9.24% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 19.38% | 30.57% | -11.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 35.22% | -10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.70% | 34.45% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.51% | 37.22% | -2.71% |
FDNI vs. UGA - Expense Ratio Comparison
FDNI has a 0.65% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FDNI vs. UGA - Dividend Comparison
FDNI's dividend yield for the trailing twelve months is around 1.51%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | 1.51% | 1.12% | 1.07% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDNI 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.
UGA has higher volatility (9.24%) compared to FDNI (7.77%). In terms of maximum drawdown, FDNI dropped -71.08% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -11.29% for FDNI. On fees, FDNI is cheaper at 0.65% per year. On volatility, FDNI has been the lower-risk option at 7.77%. 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 -11.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDNI is cheaper with a 0.65% expense ratio, compared with 0.75% for UGA.
FDNI has the higher dividend yield at 1.51%, compared with 0.00% for UGA.
FDNI is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. FDNI tracks Dow Jones International Internet Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.65% for FDNI and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.96), 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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