FFTY vs. UGA
FFTY (Innovator IBD 50 ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FFTY is a Large Cap Growth Equities fund tracking the IBD 50 Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, FFTY returned 7.91%/yr vs 14.31%/yr for UGA. At a 0.15 correlation, their price movements are largely independent. FFTY charges 0.80%/yr vs 0.75%/yr for UGA.
Performance
FFTY vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FFTY achieves a 20.94% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, FFTY has underperformed UGA with an annualized return of 7.91%, while UGA has yielded a comparatively higher 14.31% annualized return.
FFTY
- 1D
- -4.21%
- 1M
- 5.39%
- YTD
- 20.94%
- 6M
- 18.21%
- 1Y
- 36.43%
- 3Y*
- 21.26%
- 5Y*
- -0.44%
- 10Y*
- 7.91%
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%
FFTY vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFTY Innovator IBD 50 ETF | 20.94% | 23.38% | 18.36% | 12.40% | -51.08% | 11.92% | 18.20% | 25.74% | -16.76% | 37.62% |
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 FFTY and UGA is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2015 | 0.15 |
The correlation between FFTY and UGA shifts across timeframes, from -0.11 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FFTY vs. UGA — Risk / Return Rank
FFTY
UGA
FFTY vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator IBD 50 ETF (FFTY) 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.
| FFTY | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.17 | -1.59 |
| Martin ratioReturn relative to average drawdown | 4.14 | 9.39 | -5.25 |
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Drawdowns
FFTY vs. UGA - Drawdown Comparison
The maximum FFTY drawdown since its inception was -59.46%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FFTY and UGA.
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Drawdown Indicators
| FFTY | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.46% | -86.59% | +27.13% |
Max Drawdown (1Y)Largest decline over 1 year | -23.29% | -18.96% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -29.60% | -26.68% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -59.46% | -38.11% | -21.35% |
Max Drawdown (10Y)Largest decline over 10 years | -59.46% | -75.89% | +16.43% |
Current DrawdownCurrent decline from peak | -14.76% | -18.05% | +3.29% |
Average DrawdownAverage peak-to-trough decline | -22.34% | -36.69% | +14.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.82% | 6.43% | +2.39% |
Volatility
FFTY vs. UGA - Volatility Comparison
Innovator IBD 50 ETF (FFTY) has a higher volatility of 13.44% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that FFTY's price experiences larger fluctuations and is considered to be riskier 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
| FFTY | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.44% | 9.24% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 28.50% | 30.57% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.99% | 35.22% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 34.45% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.67% | 37.22% | -9.55% |
FFTY vs. UGA - Expense Ratio Comparison
FFTY has a 0.80% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
FFTY vs. UGA - Dividend Comparison
FFTY's dividend yield for the trailing twelve months is around 1.11%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFTY Innovator IBD 50 ETF | 1.11% | 1.35% | 0.91% | 0.65% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
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% |
Frequently Asked Questions
FFTY and UGA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFTY has higher volatility (13.44%) compared to UGA (9.24%). In terms of maximum drawdown, FFTY dropped -59.46% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 7.91% for FFTY. On fees, UGA is cheaper at 0.75% per year. On volatility, UGA has been the lower-risk option at 9.24%. 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 14.31% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.80% for FFTY.
FFTY has the higher dividend yield at 1.11%, compared with 0.00% for UGA.
FFTY is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. FFTY tracks IBD 50 Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Innovator and Concierge Technologies. Their fees differ too: 0.80% for FFTY and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs 1.02), 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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