GLDW vs. UGA
GLDW (Roundhill Gold WeeklyPay ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by Roundhill Investments, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. GLDW is actively managed, while UGA is passively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. GLDW charges 0.99%/yr vs 1.02%/yr for UGA.
Performance
GLDW vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -10.18% return, which is significantly lower than UGA's 91.06% return.
GLDW
- 1D
- -1.58%
- 1M
- -2.25%
- 6M
- -21.62%
- YTD
- -10.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UGA
- 1D
- -0.01%
- 1M
- 14.56%
- 6M
- 70.02%
- YTD
- 91.06%
- 1Y
- 88.12%
- 3Y*
- 17.55%
- 5Y*
- 25.78%
- 10Y*
- 18.03%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.24K | $286.30K | $479.68K | |
| $6.47M | $5.01M | $4.85M |
GLDW vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -10.18% | 9.36% |
UGA United States Gasoline Fund, LP | 91.06% | -5.42% |
Correlation
The correlation between GLDW and UGA is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | -0.08 |
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Return for Risk
GLDW vs. UGA — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UGA
GLDW vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.
| GLDW | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.12 | — |
| Martin ratioReturn relative to average drawdown | — | 11.57 | — |
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Drawdowns
GLDW vs. UGA - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for GLDW and UGA.
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Drawdown Indicators
| GLDW | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -86.59% | +54.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -31.08% | -5.63% | -25.45% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -36.53% | +23.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.26% | — |
Volatility
GLDW vs. UGA - Volatility Comparison
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Volatility by Period
| GLDW | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.85% | 36.11% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 34.60% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 37.26% | -1.41% |
GLDW vs. UGA - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
GLDW vs. UGA - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.73%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 26.73% | 3.75% |
UGA United States Gasoline Fund, LP | 0.00% | 0.00% |
Frequently Asked Questions
GLDW and UGA have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW is cheaper with a 0.99% expense ratio, compared with 1.02% for UGA.
GLDW has the higher dividend yield at 26.73%, compared with 0.00% for UGA.
GLDW is categorized as Derivative Income, while UGA is Oil & Gas. They also come from different issuers: Roundhill Investments and USCF. Their fees differ too: 0.99% for GLDW and 1.02% for UGA.
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