HTUS vs. UGA
HTUS (Hull Tactical US ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HTUS is a Long-Short fund actively managed by Exchange Traded Concepts, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. HTUS is actively managed, while UGA is passively managed. Over the past 10 years, HTUS returned 12.20%/yr vs 14.31%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. HTUS charges 0.97%/yr vs 0.75%/yr for UGA.
Performance
HTUS vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, HTUS achieves a 8.95% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, HTUS has underperformed UGA with an annualized return of 12.20%, while UGA has yielded a comparatively higher 14.31% annualized return.
HTUS
- 1D
- -1.20%
- 1M
- -0.99%
- YTD
- 8.95%
- 6M
- 8.55%
- 1Y
- 24.12%
- 3Y*
- 20.35%
- 5Y*
- 14.66%
- 10Y*
- 12.20%
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%
HTUS vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 8.95% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between HTUS and UGA is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2015 | 0.13 |
The correlation between HTUS and UGA shifts across timeframes, from -0.24 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HTUS vs. UGA — Risk / Return Rank
HTUS
UGA
HTUS vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) 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.
| HTUS | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.17 | -0.38 |
| Martin ratioReturn relative to average drawdown | 13.82 | 9.39 | +4.43 |
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Drawdowns
HTUS vs. UGA - Drawdown Comparison
The maximum HTUS drawdown since its inception was -47.50%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HTUS and UGA.
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Drawdown Indicators
| HTUS | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -86.59% | +39.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -18.96% | +10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -26.68% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | -38.11% | +13.70% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -75.89% | +28.39% |
Current DrawdownCurrent decline from peak | -2.67% | -18.05% | +15.38% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -36.69% | +32.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 6.43% | -4.68% |
Volatility
HTUS vs. UGA - Volatility Comparison
The current volatility for Hull Tactical US ETF (HTUS) is 4.02%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that HTUS 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
| HTUS | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 9.24% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 30.57% | -20.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 35.22% | -23.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 34.45% | -15.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 37.22% | -15.73% |
HTUS vs. UGA - Expense Ratio Comparison
HTUS has a 0.97% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
HTUS vs. UGA - Dividend Comparison
HTUS's dividend yield for the trailing twelve months is around 10.91%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 10.91% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTUS and UGA have a correlation of -0.24, 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 HTUS (4.02%). In terms of maximum drawdown, HTUS dropped -47.50% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 12.20% for HTUS. On fees, UGA is cheaper at 0.75% per year. On volatility, HTUS has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 14.31% return vs 12.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.97% for HTUS.
HTUS has the higher dividend yield at 10.91%, compared with 0.00% for UGA.
HTUS is categorized as Long-Short, while UGA is Oil & Gas. They also come from different issuers: Exchange Traded Concepts and Concierge Technologies. Their fees differ too: 0.97% for HTUS and 0.75% for UGA.
HTUS currently has the higher Sharpe Ratio (2.02 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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