HOOW vs. UGA

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. HOOW is actively managed, while UGA is passively managed. At a correlation of -0.19, they often move in opposite directions. HOOW charges 0.99%/yr vs 0.75%/yr for UGA.

Performance

HOOW vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -34.08% return, which is significantly lower than UGA's 75.49% return.

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGA

• 1D: -0.19%
• 1M: -12.35%
• YTD: 75.49%
• 6M: 64.35%
• 1Y: 80.94%
• 3Y*: 22.21%
• 5Y*: 25.10%
• 10Y*: 14.43%

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

HOOW vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	46.56%
UGA United States Gasoline Fund LP	75.49%	-6.92%

Correlation

The correlation between HOOW and UGA is -0.19, 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 (All Time) Calculated using the full available price history since Jun 20, 2025	-0.19

Return for Risk

HOOW vs. UGA — Risk / Return Rank

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

UGA

UGA Risk / Return Rank: 69
UGA Sharpe Ratio Rank: 69
UGA Sortino Ratio Rank: 57
UGA Omega Ratio Rank: 60
UGA Calmar Ratio Rank: 89
UGA Martin Ratio Rank: 71

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.

HOOW vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOOW	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.12	-0.16

Drawdowns

HOOW vs. UGA - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HOOW and UGA.

Drawdown Indicators

	HOOW	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-86.59%	+20.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.88%	—
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	-55.23%	-12.35%	-42.88%
Average Drawdown Average peak-to-trough decline	-29.13%	-36.76%	+7.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.13%	—

Volatility

Volatility by Period

	HOOW	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	35.14%	+48.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	34.38%	+49.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	37.27%	+46.59%

HOOW vs. UGA - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

HOOW vs. UGA - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOW and UGA in my portfolio?

HOOW and UGA have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOW or UGA?

On fees, UGA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOW or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 163.90%, compared with 0.00% for UGA.

What is the main difference between HOOW and UGA?

HOOW is categorized as Leveraged Equities, while UGA is Oil & Gas. They also come from different issuers: Roundhill and Concierge Technologies. Their fees differ too: 0.99% for HOOW and 0.75% for UGA.