GSIG vs. UGA
GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. At a correlation of -0.10, they often move in opposite directions. GSIG charges 0.14%/yr vs 0.75%/yr for UGA.
Performance
GSIG vs. UGA - Performance Comparison
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Returns By Period
GSIG
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- 5.54%
- 1M
- 6.45%
- 6M
- 72.85%
- YTD
- 81.31%
- 1Y
- 75.34%
- 3Y*
- 19.85%
- 5Y*
- 25.10%
- 10Y*
- 16.39%
GSIG vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.68% | 6.69% | 4.72% | 6.06% | -5.80% | -0.81% | 1.59% |
UGA United States Gasoline Fund LP | 81.31% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 20.29% |
Correlation
The correlation between GSIG and UGA is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | -0.10 |
Over the past year, the inverse relationship between GSIG and UGA has strengthened: their correlation has moved from -0.10 to -0.37, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
GSIG vs. UGA — Risk / Return Rank
GSIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UGA
GSIG vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) 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.
| GSIG | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.73 | — |
| Martin ratioReturn relative to average drawdown | — | 10.39 | — |
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Drawdowns
GSIG vs. UGA - Drawdown Comparison
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Drawdown Indicators
| GSIG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -86.59% | — |
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 | — | -9.45% | — |
Average DrawdownAverage peak-to-trough decline | — | -36.63% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.28% | — |
Volatility
GSIG vs. UGA - Volatility Comparison
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Volatility by Period
| GSIG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 35.78% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 34.66% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 37.23% | — |
GSIG vs. UGA - Expense Ratio Comparison
GSIG has a 0.14% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
GSIG vs. UGA - Dividend Comparison
GSIG's dividend yield for the trailing twelve months is around 4.00%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.00% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSIG and UGA have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSIG is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSIG is cheaper with a 0.14% expense ratio, compared with 0.75% for UGA.
GSIG has the higher dividend yield at 4.00%, compared with 0.00% for UGA.
GSIG is categorized as Corporate Bonds, while UGA is Oil & Gas. GSIG tracks FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Goldman Sachs and Concierge Technologies. Their fees differ too: 0.14% for GSIG and 0.75% for UGA.
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