GXTG vs. UGA
GXTG (Global X Thematic Growth ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - GXTG is a Global Equities fund tracking the Solactive Thematic Growth Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, GXTG returned -11.18%/yr vs 22.22%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. GXTG charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
GXTG vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, GXTG achieves a 11.13% return, which is significantly lower than UGA's 59.54% return.
GXTG
- 1D
- -1.82%
- 1M
- -9.22%
- YTD
- 11.13%
- 6M
- 7.58%
- 1Y
- 6.14%
- 3Y*
- 2.20%
- 5Y*
- -11.18%
- 10Y*
- —
UGA
- 1D
- -2.77%
- 1M
- -14.54%
- YTD
- 59.54%
- 6M
- 55.91%
- 1Y
- 62.68%
- 3Y*
- 17.85%
- 5Y*
- 22.22%
- 10Y*
- 13.99%
GXTG vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GXTG Global X Thematic Growth ETF | 11.13% | 3.52% | -3.55% | 10.26% | -48.08% | 3.21% | 61.07% | 4.74% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 2.60% |
Correlation
The correlation between GXTG and UGA is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.13 |
The correlation between GXTG and UGA shifts across timeframes, from -0.14 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GXTG vs. UGA — Risk / Return Rank
GXTG
UGA
GXTG vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) 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.
| GXTG | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.31 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 3.10 | -2.85 |
| Martin ratioReturn relative to average drawdown | 0.58 | 9.66 | -9.08 |
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Drawdowns
GXTG vs. UGA - Drawdown Comparison
The maximum GXTG drawdown since its inception was -67.81%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for GXTG and UGA.
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Drawdown Indicators
| GXTG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -86.59% | +18.78% |
Max Drawdown (1Y)Largest decline over 1 year | -24.65% | -20.32% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -31.89% | -26.68% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | -38.11% | -23.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -56.07% | -20.32% | -35.75% |
Average DrawdownAverage peak-to-trough decline | -43.16% | -36.69% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.63% | 6.51% | +4.12% |
Volatility
GXTG vs. UGA - Volatility Comparison
Global X Thematic Growth ETF (GXTG) has a higher volatility of 13.77% compared to United States Gasoline Fund LP (UGA) at 9.45%. This indicates that GXTG's price experiences larger fluctuations and is considered to be riskier 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
| GXTG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.77% | 9.45% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 30.74% | -8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 34.84% | -6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.19% | 34.47% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 37.22% | -7.35% |
GXTG vs. UGA - Expense Ratio Comparison
GXTG has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
GXTG vs. UGA - Dividend Comparison
GXTG's dividend yield for the trailing twelve months is around 1.26%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GXTG Global X Thematic Growth ETF | 1.26% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXTG and UGA have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXTG has higher volatility (13.77%) compared to UGA (9.45%). In terms of maximum drawdown, GXTG dropped -67.81% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.22% vs -11.18% for GXTG. On fees, GXTG is cheaper at 0.50% per year. On volatility, UGA has been the lower-risk option at 9.45%. 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 22.22% return vs -11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXTG is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
GXTG has the higher dividend yield at 1.26%, compared with 0.00% for UGA.
GXTG is categorized as Global Equities, while UGA is Oil & Gas. GXTG tracks Solactive Thematic Growth Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.50% for GXTG and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs 0.22), 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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