HYIN vs. UGA
HYIN (WisdomTree Alternative Income Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, HYIN returned -0.48%/yr vs 24.41%/yr for UGA. At a 0.10 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.75%/yr for UGA.
Performance
HYIN vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -5.23% return, which is significantly lower than UGA's 70.69% return.
HYIN
- 1D
- 1.27%
- 1M
- -3.56%
- YTD
- -5.23%
- 6M
- -5.97%
- 1Y
- -3.94%
- 3Y*
- 5.20%
- 5Y*
- -0.48%
- 10Y*
- —
UGA
- 1D
- -2.73%
- 1M
- -12.25%
- YTD
- 70.69%
- 6M
- 59.72%
- 1Y
- 79.48%
- 3Y*
- 20.80%
- 5Y*
- 24.41%
- 10Y*
- 14.27%
HYIN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.23% | -0.46% | 7.39% | 21.84% | -21.14% | 3.08% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | 1.27% | 46.34% | 20.79% |
Correlation
The correlation between HYIN and UGA is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.10 |
The correlation between HYIN and UGA shifts across timeframes, from -0.20 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. UGA — Risk / Return Rank
HYIN
UGA
HYIN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) 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.
| HYIN | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 5.37 | -5.62 |
| Martin ratioReturn relative to average drawdown | -0.54 | 12.86 | -13.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYIN | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.27 | -2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.71 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.12 | -0.11 |
Drawdowns
HYIN vs. UGA - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HYIN and UGA.
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Drawdown Indicators
| HYIN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -86.59% | +55.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -14.88% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -26.68% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -38.11% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -11.06% | -14.75% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -36.76% | +27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 6.20% | +1.08% |
Volatility
HYIN vs. UGA - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.44%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that HYIN 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
| HYIN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 11.64% | -8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 30.48% | -20.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 35.27% | -22.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 34.40% | -17.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 37.27% | -20.46% |
HYIN vs. UGA - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
HYIN vs. UGA - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.27%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 13.27% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYIN and UGA have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.64%) compared to HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs UGA's -86.59%.
On 5-year performance, UGA leads with 24.41% vs -0.48% for HYIN. On fees, UGA is cheaper at 0.75% per year. On volatility, HYIN has been the lower-risk option at 3.44%. 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 24.41% return vs -0.48%. 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 3.20% for HYIN.
HYIN has the higher dividend yield at 13.27%, compared with 0.00% for UGA.
HYIN is categorized as Diversified Portfolio, while UGA is Oil & Gas. HYIN tracks Gapstow Liquid Alternative Credit Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 3.20% for HYIN and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.27 vs -0.31), 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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