HUSV vs. UGA
HUSV (First Trust Horizon Managed Volatility Domestic ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HUSV is a Volatility Hedged Equity fund actively managed by First Trust, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. HUSV is actively managed, while UGA is passively managed. Over the past 5 years, HUSV returned 5.76%/yr vs 22.22%/yr for UGA. At a 0.09 correlation, their price movements are largely independent. HUSV charges 0.70%/yr vs 0.75%/yr for UGA.
Performance
HUSV vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, HUSV achieves a 1.49% return, which is significantly lower than UGA's 59.54% return.
HUSV
- 1D
- 0.66%
- 1M
- -1.88%
- YTD
- 1.49%
- 6M
- 0.70%
- 1Y
- -0.72%
- 3Y*
- 8.02%
- 5Y*
- 5.76%
- 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%
HUSV vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.49% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 5.39% | 26.98% | -1.92% | 16.07% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between HUSV and UGA is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2016 | 0.09 |
The correlation between HUSV and UGA shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HUSV vs. UGA — Risk / Return Rank
HUSV
UGA
HUSV vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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.
| HUSV | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.10 | -3.21 |
| Martin ratioReturn relative to average drawdown | -0.25 | 9.66 | -9.91 |
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Drawdowns
HUSV vs. UGA - Drawdown Comparison
The maximum HUSV drawdown since its inception was -35.72%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HUSV and UGA.
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Drawdown Indicators
| HUSV | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.72% | -86.59% | +50.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -20.32% | +13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -26.68% | +17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -38.11% | +21.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.35% | -20.32% | +16.97% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -36.69% | +33.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 6.51% | -3.60% |
Volatility
HUSV vs. UGA - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Domestic ETF (HUSV) is 3.07%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that HUSV 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
| HUSV | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 9.45% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 30.74% | -24.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 34.84% | -25.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 34.47% | -22.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 37.22% | -22.75% |
HUSV vs. UGA - Expense Ratio Comparison
HUSV has a 0.70% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
HUSV vs. UGA - Dividend Comparison
HUSV's dividend yield for the trailing twelve months is around 1.37%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.37% | 1.38% | 1.14% | 1.80% | 1.68% | 1.35% | 1.29% | 1.36% | 1.48% | 1.31% | 0.35% |
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
HUSV and UGA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.45%) compared to HUSV (3.07%). In terms of maximum drawdown, HUSV dropped -35.72% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.22% vs 5.76% for HUSV. On fees, HUSV is cheaper at 0.70% per year. On volatility, HUSV has been the lower-risk option at 3.07%. 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 5.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HUSV is cheaper with a 0.70% expense ratio, compared with 0.75% for UGA.
HUSV has the higher dividend yield at 1.37%, compared with 0.00% for UGA.
HUSV is categorized as Volatility Hedged Equity, while UGA is Oil & Gas. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.70% for HUSV and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs -0.08), 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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