FLRT vs. UGA
FLRT (Pacific Global Senior Loan ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - FLRT is a High Yield Bonds fund actively managed by Pacific Life, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. FLRT is actively managed, while UGA is passively managed. Over the past 10 years, FLRT returned 4.90%/yr vs 14.31%/yr for UGA. At a 0.05 correlation, their price movements are largely independent. FLRT charges 0.69%/yr vs 0.75%/yr for UGA.
Performance
FLRT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, FLRT achieves a 1.81% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, FLRT has underperformed UGA with an annualized return of 4.90%, while UGA has yielded a comparatively higher 14.31% annualized return.
FLRT
- 1D
- -0.06%
- 1M
- 0.17%
- YTD
- 1.81%
- 6M
- 1.89%
- 1Y
- 5.54%
- 3Y*
- 8.54%
- 5Y*
- 5.95%
- 10Y*
- 4.90%
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%
FLRT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 1.81% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
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 FLRT and UGA is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.05 |
The correlation between FLRT and UGA shifts across timeframes, from -0.09 (1 year) to 0.06 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLRT vs. UGA — Risk / Return Rank
FLRT
UGA
FLRT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) 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.
| FLRT | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.30 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.17 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.44 | 9.39 | +2.05 |
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Drawdowns
FLRT vs. UGA - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for FLRT and UGA.
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Drawdown Indicators
| FLRT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -86.59% | +65.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -18.96% | +17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -26.68% | +23.81% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -38.11% | +30.51% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | -75.89% | +54.93% |
Current DrawdownCurrent decline from peak | -0.17% | -18.05% | +17.88% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -36.69% | +35.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 6.43% | -5.94% |
Volatility
FLRT vs. UGA - Volatility Comparison
The current volatility for Pacific Global Senior Loan ETF (FLRT) is 0.42%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that FLRT 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
| FLRT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 9.24% | -8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 30.57% | -29.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 35.22% | -33.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 34.45% | -32.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 37.22% | -31.10% |
FLRT vs. UGA - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
FLRT vs. UGA - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.81%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 6.81% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
FLRT and UGA have a correlation of -0.09, 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 FLRT (0.42%). In terms of maximum drawdown, FLRT dropped -20.96% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 4.90% for FLRT. On fees, FLRT is cheaper at 0.69% per year. On volatility, FLRT has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 14.31% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRT is cheaper with a 0.69% expense ratio, compared with 0.75% for UGA.
FLRT has the higher dividend yield at 6.81%, compared with 0.00% for UGA.
FLRT is categorized as High Yield Bonds, while UGA is Oil & Gas. They also come from different issuers: Pacific Life and Concierge Technologies. Their fees differ too: 0.69% for FLRT and 0.75% for UGA.
FLRT currently has the higher Sharpe Ratio (3.49 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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