FIVY vs. UGA

Last updated Jun 25, 2026

FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FIVY is a Derivative Income fund tracking the Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past year, FIVY returned -8.80% vs 62.68% for UGA. At a correlation of -0.05, they often move in opposite directions. FIVY charges 0.88%/yr vs 0.75%/yr for UGA.

Performance

FIVY vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIVY achieves a -6.12% return, which is significantly lower than UGA's 59.54% return.

FIVY

• 1D: 0.00%
• 1M: -1.85%
• YTD: -6.12%
• 6M: -8.33%
• 1Y: -8.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGA

• 1D: -2.77%
• 1M: -14.54%
• YTD: 59.54%
• 6M: 55.91%
• 1Y: 62.68%
• 3Y*: 17.85%
• 5Y*: 22.22%
• 10Y*: 13.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIVY vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%
UGA United States Gasoline Fund LP	59.54%	-2.00%	1.41%

Correlation

The correlation between FIVY and UGA is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	-0.05

The correlation between FIVY and UGA shifts across timeframes, from -0.18 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIVY vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIVY

FIVY Risk / Return Rank: 7
FIVY Sharpe Ratio Rank: 6
FIVY Sortino Ratio Rank: 7
FIVY Omega Ratio Rank: 7
FIVY Calmar Ratio Rank: 7
FIVY Martin Ratio Rank: 7

UGA

UGA Risk / Return Rank: 60
UGA Sharpe Ratio Rank: 62
UGA Sortino Ratio Rank: 54
UGA Omega Ratio Rank: 55
UGA Calmar Ratio Rank: 69
UGA Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIVY vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) 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.

	FIVY	UGA	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	1.83	-2.11
Sortino ratio: Return per unit of downside risk	-0.18	2.35	-2.53
Omega ratio: Gain probability vs. loss probability	0.98	1.31	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.27	3.10	-3.37
Martin ratio: Return relative to average drawdown	-0.53	9.66	-10.19

FIVY vs. UGA - Sharpe Ratio Comparison

The current FIVY Sharpe Ratio is -0.28, which is lower than the UGA Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FIVY and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIVY vs. UGA - Drawdown Comparison

The maximum FIVY drawdown since its inception was -32.77%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FIVY and UGA.

Drawdown Indicators

	FIVY	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-32.77%	-86.59%	+53.82%
Max Drawdown (1Y) Largest decline over 1 year	-32.77%	-20.32%	-12.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-19.89%	-20.32%	+0.43%
Average Drawdown Average peak-to-trough decline	-13.67%	-36.69%	+23.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.60%	6.51%	+10.09%

Volatility

FIVY vs. UGA - Volatility Comparison

The current volatility for YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) is 8.65%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that FIVY 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.

Volatility by Period

	FIVY	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	9.45%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	21.98%	30.74%	-8.76%
Volatility (1Y) Calculated over the trailing 1-year period	31.19%	34.84%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.82%	34.47%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.82%	37.22%	-4.40%

FIVY vs. UGA - Expense Ratio Comparison

FIVY has a 0.88% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

FIVY vs. UGA - Dividend Comparison

FIVY's dividend yield for the trailing twelve months is around 47.61%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	47.61%	46.51%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIVY and UGA in my portfolio?

FIVY and UGA have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVY or UGA?

UGA has higher volatility (9.45%) compared to FIVY (8.65%). In terms of maximum drawdown, FIVY dropped -32.77% vs UGA's -86.59%.

Which ETF is better, FIVY or UGA?

On 1-year performance, UGA leads with 62.68% vs -8.80% for FIVY. On fees, UGA is cheaper at 0.75% per year. On volatility, FIVY has been the lower-risk option at 8.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVY or UGA?

Over the 1-year period, UGA has performed better with a 62.68% return vs -8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVY or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 0.88% for FIVY.

Which ETF pays a higher dividend yield, FIVY or UGA?

FIVY has the higher dividend yield at 47.61%, compared with 0.00% for UGA.

What is the main difference between FIVY and UGA?

FIVY is categorized as Derivative Income, while UGA is Oil & Gas. FIVY tracks Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: YieldMax and Concierge Technologies. Their fees differ too: 0.88% for FIVY and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.82 vs -0.28), 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.