FJUN vs. UGA
FJUN (FT Cboe Vest U.S. Equity Buffer ETF - June) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FJUN is a Large Cap Blend Equities fund tracking the Cboe S&P 500 Buffer Protect Index June, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, FJUN returned 11.07%/yr vs 24.41%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. FJUN charges 0.85%/yr vs 0.75%/yr for UGA.
Performance
FJUN vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FJUN achieves a 4.73% return, which is significantly lower than UGA's 70.69% return.
FJUN
- 1D
- 0.09%
- 1M
- 0.87%
- YTD
- 4.73%
- 6M
- 5.29%
- 1Y
- 13.94%
- 3Y*
- 14.49%
- 5Y*
- 11.07%
- 10Y*
- —
UGA
- 1D
- -2.73%
- 1M
- -12.25%
- YTD
- 70.69%
- 6M
- 59.72%
- 1Y
- 79.48%
- 3Y*
- 20.80%
- 5Y*
- 24.41%
- 10Y*
- 14.27%
FJUN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June | 4.73% | 11.05% | 16.38% | 22.30% | -4.95% | 11.47% | 11.67% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 19.69% |
Correlation
The correlation between FJUN and UGA is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020 | 0.11 |
The correlation between FJUN and UGA shifts across timeframes, from -0.28 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FJUN vs. UGA — Risk / Return Rank
FJUN
UGA
FJUN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) 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.
| FJUN | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 5.37 | -1.98 |
| Martin ratioReturn relative to average drawdown | 19.19 | 12.86 | +6.33 |
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
| FJUN | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.27 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.71 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.12 | +1.05 |
Drawdowns
FJUN vs. UGA - Drawdown Comparison
The maximum FJUN drawdown since its inception was -13.26%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FJUN and UGA.
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Drawdown Indicators
| FJUN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.26% | -86.59% | +73.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -14.88% | +10.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -26.68% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -13.26% | -38.11% | +24.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -0.10% | -14.75% | +14.65% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -36.76% | +35.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 6.20% | -5.47% |
Volatility
FJUN vs. UGA - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) is 0.35%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that FJUN 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
| FJUN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 11.64% | -11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 30.48% | -26.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 35.27% | -29.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.55% | 34.40% | -23.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.26% | 37.27% | -27.01% |
FJUN vs. UGA - Expense Ratio Comparison
FJUN has a 0.85% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
FJUN vs. UGA - Dividend Comparison
Neither FJUN nor UGA has paid dividends to shareholders.
Frequently Asked Questions
FJUN and UGA have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.64%) compared to FJUN (0.35%). In terms of maximum drawdown, FJUN dropped -13.26% vs UGA's -86.59%.
On 5-year performance, UGA leads with 24.41% vs 11.07% for FJUN. On fees, UGA is cheaper at 0.75% per year. On volatility, FJUN has been the lower-risk option at 0.35%. 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 24.41% return vs 11.07%. 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 0.85% for FJUN.
FJUN and UGA have nearly identical dividend yields, around 0.00%.
FJUN is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. FJUN tracks Cboe S&P 500 Buffer Protect Index June, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.85% for FJUN and 0.75% for UGA.
FJUN currently has the higher Sharpe Ratio (2.30 vs 2.27), 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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