FLKR vs. UGA
FLKR (Franklin FTSE South Korea ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea 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, FLKR returned 17.46%/yr vs 22.69%/yr for UGA. At a 0.15 correlation, their price movements are largely independent. FLKR charges 0.09%/yr vs 0.75%/yr for UGA.
Performance
FLKR vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FLKR achieves a 97.22% return, which is significantly higher than UGA's 64.09% return.
FLKR
- 1D
- -12.51%
- 1M
- 7.54%
- YTD
- 97.22%
- 6M
- 107.52%
- 1Y
- 178.78%
- 3Y*
- 48.47%
- 5Y*
- 17.46%
- 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%
FLKR vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLKR Franklin FTSE South Korea ETF | 97.22% | 91.91% | -18.84% | 19.16% | -27.50% | -7.54% | 42.64% | 8.88% | -21.30% | 3.00% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | -1.21% |
Correlation
The correlation between FLKR and UGA is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.15 |
The correlation between FLKR and UGA shifts across timeframes, from -0.15 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLKR vs. UGA — Risk / Return Rank
FLKR
UGA
FLKR vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) 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.
| FLKR | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.30 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 7.81 | 3.17 | +4.65 |
| Martin ratioReturn relative to average drawdown | 26.91 | 9.39 | +17.52 |
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Drawdowns
FLKR vs. UGA - Drawdown Comparison
The maximum FLKR drawdown since its inception was -50.06%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FLKR and UGA.
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Drawdown Indicators
| FLKR | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.06% | -86.59% | +36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -23.03% | -18.96% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -26.68% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -49.51% | -38.11% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -12.51% | -18.05% | +5.54% |
Average DrawdownAverage peak-to-trough decline | -21.98% | -36.69% | +14.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 6.43% | +0.24% |
Volatility
FLKR vs. UGA - Volatility Comparison
Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 30.00% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that FLKR'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
| FLKR | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.00% | 9.24% | +20.76% |
Volatility (6M)Calculated over the trailing 6-month period | 45.17% | 30.57% | +14.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.46% | 35.22% | +13.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.50% | 34.45% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 37.22% | -8.34% |
FLKR vs. UGA - Expense Ratio Comparison
FLKR has a 0.09% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FLKR vs. UGA - Dividend Comparison
FLKR's dividend yield for the trailing twelve months is around 1.86%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLKR Franklin FTSE South Korea ETF | 1.86% | 3.87% | 7.08% | 2.28% | 3.13% | 2.12% | 0.99% | 2.09% | 1.86% | 1.02% |
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
FLKR and UGA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLKR has higher volatility (30.00%) compared to UGA (9.24%). In terms of maximum drawdown, FLKR dropped -50.06% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 17.46% for FLKR. On fees, FLKR is cheaper at 0.09% 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 17.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLKR is cheaper with a 0.09% expense ratio, compared with 0.75% for UGA.
FLKR has the higher dividend yield at 1.86%, compared with 0.00% for UGA.
FLKR is categorized as Asia Pacific Equities, while UGA is Oil & Gas. FLKR tracks FTSE South Korea 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: 0.09% for FLKR and 0.75% for UGA.
FLKR currently has the higher Sharpe Ratio (3.71 vs 1.73), 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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