FINX vs. UGA
FINX (Global X FinTech ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FINX is a Technology Equities fund tracking the Indxx Global FinTech Thematic Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, FINX returned -11.80%/yr vs 22.69%/yr for UGA. At a 0.14 correlation, their price movements are largely independent. FINX charges 0.68%/yr vs 0.75%/yr for UGA.
Performance
FINX vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FINX achieves a -17.47% return, which is significantly lower than UGA's 64.09% return.
FINX
- 1D
- -0.74%
- 1M
- -2.12%
- YTD
- -17.47%
- 6M
- -19.57%
- 1Y
- -25.00%
- 3Y*
- 5.24%
- 5Y*
- -11.80%
- 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%
FINX vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | -17.47% | -5.20% | 23.02% | 33.15% | -51.80% | -9.65% | 53.76% | 37.52% | 0.82% | 49.96% |
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 FINX and UGA is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2016 | 0.14 |
The correlation between FINX and UGA shifts across timeframes, from -0.16 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FINX vs. UGA — Risk / Return Rank
FINX
UGA
FINX vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) 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.
| FINX | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.30 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 3.17 | -3.85 |
| Martin ratioReturn relative to average drawdown | -1.24 | 9.39 | -10.63 |
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Drawdowns
FINX vs. UGA - Drawdown Comparison
The maximum FINX drawdown since its inception was -63.53%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FINX and UGA.
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Drawdown Indicators
| FINX | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.53% | -86.59% | +23.06% |
Max Drawdown (1Y)Largest decline over 1 year | -36.58% | -18.96% | -17.62% |
Max Drawdown (3Y)Largest decline over 3 years | -36.58% | -26.68% | -9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -63.53% | -38.11% | -25.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -50.64% | -18.05% | -32.59% |
Average DrawdownAverage peak-to-trough decline | -24.58% | -36.69% | +12.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.22% | 6.43% | +13.79% |
Volatility
FINX vs. UGA - Volatility Comparison
Global X FinTech ETF (FINX) has a higher volatility of 10.46% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that FINX'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
| FINX | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.46% | 9.24% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 30.57% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.84% | 35.22% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.56% | 34.45% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.75% | 37.22% | -8.47% |
FINX vs. UGA - Expense Ratio Comparison
FINX has a 0.68% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FINX vs. UGA - Dividend Comparison
FINX's dividend yield for the trailing twelve months is around 0.70%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | 0.70% | 0.58% | 0.72% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% |
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
FINX and UGA have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FINX has higher volatility (10.46%) compared to UGA (9.24%). In terms of maximum drawdown, FINX dropped -63.53% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -11.80% for FINX. On fees, FINX is cheaper at 0.68% 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 5-year period, UGA has performed better with a 22.69% return vs -11.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FINX is cheaper with a 0.68% expense ratio, compared with 0.75% for UGA.
FINX has the higher dividend yield at 0.70%, compared with 0.00% for UGA.
FINX is categorized as Technology Equities, while UGA is Oil & Gas. FINX tracks Indxx Global FinTech Thematic Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.68% for FINX and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.84), 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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