HEAL vs. UGA
HEAL (Global X HealthTech ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HEAL is a Health & Biotech Equities fund tracking the Global X HealthTech Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, HEAL returned -14.64%/yr vs 22.69%/yr for UGA. At a 0.04 correlation, their price movements are largely independent. HEAL charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
HEAL vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, HEAL achieves a -10.37% return, which is significantly lower than UGA's 64.09% return.
HEAL
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 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%
HEAL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | -10.37% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 25.50% |
Correlation
The correlation between HEAL and UGA is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.04 |
The correlation between HEAL and UGA shifts across timeframes, from -0.22 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HEAL vs. UGA — Risk / Return Rank
HEAL
UGA
HEAL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X HealthTech ETF (HEAL) 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.
| HEAL | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.17 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.01 | 9.39 | -10.40 |
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Drawdowns
HEAL vs. UGA - Drawdown Comparison
The maximum HEAL drawdown since its inception was -65.76%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HEAL and UGA.
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Drawdown Indicators
| HEAL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -86.59% | +20.83% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -18.96% | -11.75% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -26.68% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -38.11% | -22.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -61.31% | -18.05% | -43.26% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -36.69% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 6.43% | +9.55% |
Volatility
HEAL vs. UGA - Volatility Comparison
The current volatility for Global X HealthTech ETF (HEAL) is 7.26%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that HEAL 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
| HEAL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 9.24% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 30.57% | -13.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 35.22% | -12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 34.45% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 37.22% | -10.94% |
HEAL vs. UGA - Expense Ratio Comparison
HEAL has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
HEAL vs. UGA - Dividend Comparison
HEAL's dividend yield for the trailing twelve months is around 0.37%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | 0.37% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEAL and UGA have a correlation of -0.22, 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 HEAL (7.26%). In terms of maximum drawdown, HEAL dropped -65.76% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -14.64% for HEAL. On fees, HEAL is cheaper at 0.50% per year. On volatility, HEAL has been the lower-risk option at 7.26%. 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 -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HEAL is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
HEAL has the higher dividend yield at 0.37%, compared with 0.00% for UGA.
HEAL is categorized as Health & Biotech Equities, while UGA is Oil & Gas. HEAL tracks Global X HealthTech 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 HEAL and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.73), 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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