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 -7.90%/yr vs 25.18%/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 -15.28% return, which is significantly lower than UGA's 75.83% return.
FDNI
- 1D
- 2.66%
- 1M
- 1.98%
- YTD
- -15.28%
- 6M
- -15.75%
- 1Y
- -9.95%
- 3Y*
- 9.39%
- 5Y*
- -7.90%
- 10Y*
- —
UGA
- 1D
- 1.74%
- 1M
- -8.95%
- YTD
- 75.83%
- 6M
- 64.53%
- 1Y
- 82.09%
- 3Y*
- 22.29%
- 5Y*
- 25.18%
- 10Y*
- 14.46%
FDNI vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -15.28% | 25.64% | 22.46% | 1.78% | -38.38% | -20.59% | 85.27% | 38.38% | -8.95% |
UGA United States Gasoline Fund LP | 75.83% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -19.64% |
Correlation
The correlation between FDNI and UGA is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.12 |
The correlation between FDNI and UGA shifts across timeframes, from -0.23 (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.
| FDNI | UGA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | 2.35 | -2.77 |
Sortino ratioReturn per unit of downside risk | -0.45 | 2.78 | -3.23 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.28 | 5.82 | -6.11 |
Martin ratioReturn relative to average drawdown | -0.55 | 14.25 | -14.80 |
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
| FDNI | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 2.35 | -2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.74 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.12 | +0.04 |
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 | -33.22% | -14.88% | -18.34% |
Max Drawdown (3Y)Largest decline over 3 years | -33.22% | -26.68% | -6.54% |
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 | -47.59% | -12.18% | -35.41% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -36.77% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.17% | 6.08% | +11.09% |
Volatility
FDNI vs. UGA - Volatility Comparison
The current volatility for First Trust Dow Jones International Internet ETF (FDNI) is 7.14%, while United States Gasoline Fund LP (UGA) has a volatility of 12.41%. 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 | 7.14% | 12.41% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 30.41% | -11.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 35.21% | -11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.61% | 34.38% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 37.27% | -2.72% |
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 1.32%, 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 | 1.32% | 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 -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (12.41%) compared to FDNI (7.14%). In terms of maximum drawdown, FDNI dropped -71.08% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.18% vs -7.90% for FDNI. On fees, FDNI is cheaper at 0.65% per year. On volatility, FDNI has been the lower-risk option at 7.14%. 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 25.18% return vs -7.90%. 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 1.32%, 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 (2.35 vs -0.42), 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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