GBIL vs. UGA
GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, GBIL returned 3.35%/yr vs 22.69%/yr for UGA. At a correlation of -0.06, they often move in opposite directions. GBIL charges 0.12%/yr vs 0.75%/yr for UGA.
Performance
GBIL vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GBIL achieves a 1.57% return, which is significantly lower than UGA's 64.09% return.
GBIL
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.57%
- 6M
- 1.66%
- 1Y
- 3.81%
- 3Y*
- 4.59%
- 5Y*
- 3.35%
- 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%
GBIL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.57% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
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 GBIL and UGA is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | -0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GBIL vs. UGA — Risk / Return Rank
GBIL
UGA
GBIL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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.
| GBIL | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.05 | ||
| Sortino ratioReturn per unit of downside risk | +101.76 | ||
| Omega ratioGain probability vs. loss probability | 42.59 | 1.30 | +41.29 |
| Calmar ratioReturn relative to maximum drawdown | 191.21 | 3.17 | +188.05 |
| Martin ratioReturn relative to average drawdown | 1,621.11 | 9.39 | +1,611.72 |
Loading charts...
Drawdowns
GBIL vs. UGA - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for GBIL and UGA.
Loading charts...
Drawdown Indicators
| GBIL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -86.59% | +85.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -18.96% | +18.94% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -26.68% | +25.92% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -38.11% | +37.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.05% | +18.05% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -36.69% | +36.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 6.43% | -6.43% |
Volatility
GBIL vs. UGA - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.05%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that GBIL 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.
Loading charts...
Volatility by Period
| GBIL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 9.24% | -9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 30.57% | -30.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 35.22% | -34.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 34.45% | -33.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 37.22% | -36.75% |
GBIL vs. UGA - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
GBIL vs. UGA - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 3.74%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.74% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
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% |
Frequently Asked Questions
GBIL and UGA have a correlation of -0.11, 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 GBIL (0.05%). In terms of maximum drawdown, GBIL dropped -0.76% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 3.35% for GBIL. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.05%. 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 3.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.75% for UGA.
GBIL has the higher dividend yield at 3.74%, compared with 0.00% for UGA.
GBIL is categorized as Government Bonds, while UGA is Oil & Gas. GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Goldman Sachs and Concierge Technologies. Their fees differ too: 0.12% for GBIL and 0.75% for UGA.
GBIL currently has the higher Sharpe Ratio (16.78 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.
Find the right allocation for GBIL and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer