FLIN vs. UGA
FLIN (Franklin FTSE India ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, FLIN returned 4.72%/yr vs 22.69%/yr for UGA. At a 0.09 correlation, their price movements are largely independent. FLIN charges 0.19%/yr vs 0.75%/yr for UGA.
Performance
FLIN vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FLIN achieves a -8.37% return, which is significantly lower than UGA's 64.09% return.
FLIN
- 1D
- -1.64%
- 1M
- 1.99%
- YTD
- -8.37%
- 6M
- -8.98%
- 1Y
- -8.50%
- 3Y*
- 6.53%
- 5Y*
- 4.72%
- 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%
FLIN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -8.37% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -26.90% |
Correlation
The correlation between FLIN and UGA is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.09 |
The correlation between FLIN and UGA shifts across timeframes, from -0.29 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLIN vs. UGA — Risk / Return Rank
FLIN
UGA
FLIN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.
| FLIN | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.30 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 3.17 | -3.62 |
| Martin ratioReturn relative to average drawdown | -1.05 | 9.39 | -10.44 |
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Drawdowns
FLIN vs. UGA - Drawdown Comparison
The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FLIN and UGA.
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Drawdown Indicators
| FLIN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -86.59% | +44.69% |
Max Drawdown (1Y)Largest decline over 1 year | -18.79% | -18.96% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -26.68% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -38.11% | +15.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -15.64% | -18.05% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -36.69% | +28.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | 6.43% | +1.67% |
Volatility
FLIN vs. UGA - Volatility Comparison
The current volatility for Franklin FTSE India ETF (FLIN) is 4.61%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that FLIN 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
| FLIN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 9.24% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 30.57% | -17.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 35.22% | -20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 34.45% | -18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 37.22% | -16.79% |
FLIN vs. UGA - Expense Ratio Comparison
FLIN has a 0.19% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FLIN vs. UGA - Dividend Comparison
FLIN's dividend yield for the trailing twelve months is around 0.43%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.43% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLIN and UGA have a correlation of -0.29, 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 FLIN (4.61%). In terms of maximum drawdown, FLIN dropped -41.90% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 4.72% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 4.61%. 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 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIN is cheaper with a 0.19% expense ratio, compared with 0.75% for UGA.
FLIN has the higher dividend yield at 0.43%, compared with 0.00% for UGA.
FLIN is categorized as Asia Pacific Equities, while UGA is Oil & Gas. FLIN tracks FTSE India RIC Capped Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Franklin Templeton and Concierge Technologies. Their fees differ too: 0.19% for FLIN and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.56), 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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