GQQQ vs. UGA

Last updated Jun 24, 2026

GQQQ (Astoria US Quality Growth Kings ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - GQQQ is a Large Cap Growth Equities fund managed by Astoria, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Over the past year, GQQQ returned 36.19% vs 59.74% for UGA. At a correlation of -0.10, they often move in opposite directions. GQQQ charges 0.35%/yr vs 0.75%/yr for UGA.

Performance

GQQQ vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astoria US Quality Growth Kings ETF (GQQQ) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQQQ achieves a 18.47% return, which is significantly lower than UGA's 64.09% return.

GQQQ

• 1D: -2.93%
• 1M: 0.56%
• YTD: 18.47%
• 6M: 17.07%
• 1Y: 36.19%
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GQQQ vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GQQQ Astoria US Quality Growth Kings ETF	18.47%	17.37%	1.52%
UGA United States Gasoline Fund LP	64.09%	-2.00%	7.80%

Correlation

The correlation between GQQQ and UGA is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	-0.10

The correlation between GQQQ and UGA shifts across timeframes, from -0.20 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GQQQ vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GQQQ

GQQQ Risk / Return Rank: 72
GQQQ Sharpe Ratio Rank: 72
GQQQ Sortino Ratio Rank: 67
GQQQ Omega Ratio Rank: 69
GQQQ Calmar Ratio Rank: 71
GQQQ Martin Ratio Rank: 80

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GQQQ vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astoria US Quality Growth Kings ETF (GQQQ) 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.

	GQQQ	UGA	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.73	+0.39
Sortino ratio: Return per unit of downside risk	2.79	2.25	+0.54
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	3.30	3.17	+0.13
Martin ratio: Return relative to average drawdown	14.21	9.39	+4.82

GQQQ vs. UGA - Sharpe Ratio Comparison

The current GQQQ Sharpe Ratio is 2.12, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GQQQ and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GQQQ vs. UGA - Drawdown Comparison

The maximum GQQQ drawdown since its inception was -22.36%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for GQQQ and UGA.

Drawdown Indicators

	GQQQ	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-86.59%	+64.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-18.96%	+7.94%
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 Drawdown Current decline from peak	-2.93%	-18.05%	+15.12%
Average Drawdown Average peak-to-trough decline	-3.10%	-36.69%	+33.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	6.43%	-3.88%

Volatility

GQQQ vs. UGA - Volatility Comparison

The current volatility for Astoria US Quality Growth Kings ETF (GQQQ) is 7.88%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that GQQQ 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.

Volatility by Period

	GQQQ	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	9.24%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	30.57%	-16.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	35.22%	-18.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	34.45%	-13.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	37.22%	-16.51%

GQQQ vs. UGA - Expense Ratio Comparison

GQQQ has a 0.35% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

GQQQ vs. UGA - Dividend Comparison

GQQQ's dividend yield for the trailing twelve months is around 0.41%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024
GQQQ Astoria US Quality Growth Kings ETF	0.41%	0.46%	0.11%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQQQ and UGA in my portfolio?

GQQQ and UGA have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQQQ or UGA?

UGA has higher volatility (9.24%) compared to GQQQ (7.88%). In terms of maximum drawdown, GQQQ dropped -22.36% vs UGA's -86.59%.

Which ETF is better, GQQQ or UGA?

On 1-year performance, UGA leads with 59.74% vs 36.19% for GQQQ. On fees, GQQQ is cheaper at 0.35% per year. On volatility, GQQQ has been the lower-risk option at 7.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GQQQ or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 36.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GQQQ or UGA?

GQQQ is cheaper with a 0.35% expense ratio, compared with 0.75% for UGA.

Which ETF pays a higher dividend yield, GQQQ or UGA?

GQQQ has the higher dividend yield at 0.41%, compared with 0.00% for UGA.

What is the main difference between GQQQ and UGA?

GQQQ is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. They also come from different issuers: Astoria and Concierge Technologies. Their fees differ too: 0.35% for GQQQ and 0.75% for UGA.

Which has better risk-adjusted returns?

GQQQ currently has the higher Sharpe Ratio (2.12 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.