FDRR vs. UGA
FDRR (Fidelity Dividend ETF for Rising Rates) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FDRR is a Large Cap Blend Equities fund tracking the Fidelity Dividend Index for Rising Rates, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, FDRR returned 12.13%/yr vs 22.69%/yr for UGA. At a 0.19 correlation, their price movements are largely independent. FDRR charges 0.15%/yr vs 0.75%/yr for UGA.
Performance
FDRR vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FDRR achieves a 7.87% return, which is significantly lower than UGA's 64.09% return.
FDRR
- 1D
- -0.04%
- 1M
- -0.38%
- YTD
- 7.87%
- 6M
- 7.46%
- 1Y
- 26.53%
- 3Y*
- 20.07%
- 5Y*
- 12.13%
- 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%
FDRR vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 7.87% | 21.70% | 20.24% | 13.66% | -9.73% | 26.06% | 8.23% | 26.86% | -3.60% | 19.29% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between FDRR and UGA is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.19 |
The correlation between FDRR and UGA shifts across timeframes, from -0.26 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDRR vs. UGA — Risk / Return Rank
FDRR
UGA
FDRR vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.
| FDRR | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.17 | -0.04 |
| Martin ratioReturn relative to average drawdown | 12.81 | 9.39 | +3.42 |
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Drawdowns
FDRR vs. UGA - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FDRR and UGA.
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Drawdown Indicators
| FDRR | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -86.59% | +50.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -18.96% | +10.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -26.68% | +8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -38.11% | +17.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.08% | -18.05% | +14.97% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -36.69% | +32.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 6.43% | -4.35% |
Volatility
FDRR vs. UGA - Volatility Comparison
The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.79%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that FDRR 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
| FDRR | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 9.24% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 30.57% | -21.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 35.22% | -23.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 34.45% | -19.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 37.22% | -20.36% |
FDRR vs. UGA - Expense Ratio Comparison
FDRR has a 0.15% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FDRR vs. UGA - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.16%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 2.16% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
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% |
Frequently Asked Questions
FDRR and UGA have a correlation of -0.26, 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 FDRR (3.79%). In terms of maximum drawdown, FDRR dropped -36.52% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 12.13% for FDRR. On fees, FDRR is cheaper at 0.15% per year. On volatility, FDRR has been the lower-risk option at 3.79%. 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 12.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDRR is cheaper with a 0.15% expense ratio, compared with 0.75% for UGA.
FDRR has the higher dividend yield at 2.16%, compared with 0.00% for UGA.
FDRR is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. FDRR tracks Fidelity Dividend Index for Rising Rates, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Fidelity and Concierge Technologies. Their fees differ too: 0.15% for FDRR and 0.75% for UGA.
FDRR currently has the higher Sharpe Ratio (2.37 vs 1.73), 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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