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. Over the past 5 years, GSIG returned 2.18%/yr vs 22.69%/yr for UGA. 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
In the year-to-date period, GSIG achieves a 0.68% return, which is significantly lower than UGA's 64.09% return.
GSIG
- 1D
- 0.01%
- 1M
- 0.20%
- YTD
- 0.68%
- 6M
- 0.91%
- 1Y
- 4.01%
- 3Y*
- 5.39%
- 5Y*
- 2.18%
- 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%
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 | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 20.29% |
Correlation
The correlation between GSIG and UGA is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
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 -0.38, 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
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 | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.30 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.17 | -0.04 |
| Martin ratioReturn relative to average drawdown | 12.77 | 9.39 | +3.38 |
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Drawdowns
GSIG vs. UGA - Drawdown Comparison
The maximum GSIG drawdown since its inception was -9.57%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for GSIG and UGA.
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Drawdown Indicators
| GSIG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -86.59% | +77.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -18.96% | +17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -26.68% | +25.22% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -38.11% | +28.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -0.31% | -18.05% | +17.74% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -36.69% | +34.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 6.43% | -6.07% |
Volatility
GSIG vs. UGA - Volatility Comparison
The current volatility for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is 0.57%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that GSIG 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
| GSIG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 9.24% | -8.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 30.57% | -29.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 35.22% | -33.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.89% | 34.45% | -31.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 37.22% | -34.51% |
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 4.34%, 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 | 4.34% | 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 -0.38, 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 GSIG (0.57%). In terms of maximum drawdown, GSIG dropped -9.57% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 2.18% for GSIG. On fees, GSIG is cheaper at 0.14% per year. On volatility, GSIG has been the lower-risk option at 0.57%. 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 2.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIG is cheaper with a 0.14% expense ratio, compared with 0.75% for UGA.
GSIG has the higher dividend yield at 4.34%, 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.
GSIG currently has the higher Sharpe Ratio (2.48 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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