HYTI vs. UGA

Last updated Jun 24, 2026

HYTI (FT Vest High Yield & Target Income ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HYTI is a Derivative Income fund actively managed by FT Vest, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. HYTI is actively managed, while UGA is passively managed. Over the past year, HYTI returned 6.07% vs 59.74% for UGA. At a correlation of -0.11, they often move in opposite directions. HYTI charges 0.65%/yr vs 0.75%/yr for UGA.

Performance

HYTI vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest High Yield & Target Income ETF (HYTI) 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, HYTI achieves a 1.74% return, which is significantly lower than UGA's 64.09% return.

HYTI

• 1D: -0.16%
• 1M: 0.26%
• YTD: 1.74%
• 6M: 2.02%
• 1Y: 6.07%
• 3Y*: —
• 5Y*: —
• 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%

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

HYTI vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
HYTI FT Vest High Yield & Target Income ETF	1.74%	7.01%
UGA United States Gasoline Fund LP	64.09%	-4.21%

Correlation

The correlation between HYTI and UGA is -0.25, 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	-0.25
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.11

The correlation between HYTI and UGA shifts across timeframes, from -0.25 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HYTI vs. UGA — Risk / Return Rank

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

HYTI

HYTI Risk / Return Rank: 55
HYTI Sharpe Ratio Rank: 49
HYTI Sortino Ratio Rank: 52
HYTI Omega Ratio Rank: 52
HYTI Calmar Ratio Rank: 56
HYTI Martin Ratio Rank: 65

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

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.

HYTI vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest High Yield & Target Income ETF (HYTI) 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.

	HYTI	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.73	-0.15
Sortino ratio: Return per unit of downside risk	2.34	2.25	+0.09
Omega ratio: Gain probability vs. loss probability	1.30	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.56	3.17	-0.61
Martin ratio: Return relative to average drawdown	10.78	9.39	+1.39

HYTI vs. UGA - Sharpe Ratio Comparison

The current HYTI Sharpe Ratio is 1.58, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of HYTI and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYTI vs. UGA - Drawdown Comparison

The maximum HYTI drawdown since its inception was -4.47%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HYTI and UGA.

Drawdown Indicators

	HYTI	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-4.47%	-86.59%	+82.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-18.96%	+16.58%
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	-0.31%	-18.05%	+17.74%
Average Drawdown Average peak-to-trough decline	-0.45%	-36.69%	+36.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	6.43%	-5.87%

Volatility

HYTI vs. UGA - Volatility Comparison

The current volatility for FT Vest High Yield & Target Income ETF (HYTI) is 1.06%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that HYTI 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.

Volatility by Period

	HYTI	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	9.24%	-8.18%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	30.57%	-27.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.86%	35.22%	-31.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	34.45%	-29.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.17%	37.22%	-32.05%

HYTI vs. UGA - Expense Ratio Comparison

HYTI has a 0.65% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

HYTI vs. UGA - Dividend Comparison

HYTI's dividend yield for the trailing twelve months is around 10.41%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
HYTI FT Vest High Yield & Target Income ETF	10.41%	8.10%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYTI and UGA in my portfolio?

HYTI and UGA have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTI or UGA?

UGA has higher volatility (9.24%) compared to HYTI (1.06%). In terms of maximum drawdown, HYTI dropped -4.47% vs UGA's -86.59%.

Which ETF is better, HYTI or UGA?

On 1-year performance, UGA leads with 59.74% vs 6.07% for HYTI. On fees, HYTI is cheaper at 0.65% per year. On volatility, HYTI has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTI or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTI or UGA?

HYTI is cheaper with a 0.65% expense ratio, compared with 0.75% for UGA.

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

HYTI has the higher dividend yield at 10.41%, compared with 0.00% for UGA.

What is the main difference between HYTI and UGA?

HYTI is categorized as Derivative Income, while UGA is Oil & Gas. They also come from different issuers: FT Vest and Concierge Technologies. Their fees differ too: 0.65% for HYTI and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.73 vs 1.58), 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.