IBTK vs. UGA
IBTK (iShares iBonds Dec 2030 Term Treasury ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - IBTK is a Government Bonds fund tracking the ICE 2030 Maturity US Treasury Index, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. Both are passively managed. Over the past 5 years, IBTK returned -1.16%/yr vs 25.78%/yr for UGA. Their -0.14 correlation means they have often moved in opposite directions in the past. IBTK charges 0.07%/yr vs 1.02%/yr for UGA.
Performance
IBTK vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTK achieves a -0.44% return, which is significantly lower than UGA's 91.06% return.
IBTK
- 1D
- -0.15%
- 1M
- -0.44%
- 6M
- -0.49%
- YTD
- -0.44%
- 1Y
- 1.31%
- 3Y*
- 3.74%
- 5Y*
- -1.16%
- 10Y*
- —
- ALL TIME*
- -1.61%
UGA
- 1D
- -0.01%
- 1M
- 14.56%
- 6M
- 70.02%
- YTD
- 91.06%
- 1Y
- 88.12%
- 3Y*
- 17.55%
- 5Y*
- 25.78%
- 10Y*
- 18.03%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.95M | $6.46M | $4.99M | |
| $6.47M | $5.01M | $4.85M |
IBTK vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | -0.44% | 7.41% | 1.18% | 4.05% | -14.71% | -3.76% | -1.90% |
UGA United States Gasoline Fund, LP | 91.06% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 26.75% |
Correlation
The correlation between IBTK and UGA is -0.42, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.42 |
Correlation (3Y) Balances recent behavior with more history. | -0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2020 | -0.14 |
Over the past year, the inverse relationship between IBTK and UGA has strengthened: their correlation has moved from -0.14 to -0.42, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTK vs. UGA — Risk / Return Rank
IBTK
UGA
IBTK vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) 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.
| IBTK | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 4.12 | -3.13 |
| Martin ratioReturn relative to average drawdown | 2.25 | 11.57 | -9.32 |
Loading charts...
Drawdowns
IBTK vs. UGA - Drawdown Comparison
The maximum IBTK drawdown since its inception was -22.84%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for IBTK and UGA.
Loading charts...
Drawdown Indicators
| IBTK | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -86.59% | +63.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -20.32% | +18.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.83% | -26.68% | +21.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -38.11% | +18.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -9.96% | -5.63% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -36.53% | +24.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 7.26% | -6.25% |
Volatility
IBTK vs. UGA - Volatility Comparison
The current volatility for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is 0.70%, while United States Gasoline Fund, LP (UGA) has a volatility of 11.28%. This indicates that IBTK 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.
Loading charts...
Volatility by Period
| IBTK | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 11.28% | -10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 31.98% | -29.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 36.11% | -33.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 34.60% | -27.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.50% | 37.26% | -30.76% |
IBTK vs. UGA - Expense Ratio Comparison
IBTK has a 0.07% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
IBTK vs. UGA - Dividend Comparison
IBTK's dividend yield for the trailing twelve months is around 3.80%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | 3.47% | 3.79% | 3.93% | 3.05% | 2.27% | 0.84% | 0.26% |
UGA United States Gasoline Fund, LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTK and UGA have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.28%) compared to IBTK (0.70%). In terms of maximum drawdown, IBTK dropped -22.84% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.78% vs -1.16% for IBTK. On fees, IBTK is cheaper at 0.07% per year. On volatility, IBTK has been the lower-risk option at 0.70%. 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 25.78% return vs -1.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTK is cheaper with a 0.07% expense ratio, compared with 1.02% for UGA.
IBTK has the higher dividend yield at 3.47%, compared with 0.00% for UGA.
IBTK is categorized as Government Bonds, while UGA is Oil & Gas. IBTK tracks ICE 2030 Maturity US Treasury Index, while UGA tracks Near-Month NYMEX RBOB Gasoline Futures Contract. They also come from different issuers: iShares and USCF. Their fees differ too: 0.07% for IBTK and 1.02% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 0.77), 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.
Find the right allocation for IBTK and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer