IDX vs. UGA
IDX (VanEck Vectors Indonesia Index ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - IDX is a Indonesia Equities fund tracking the MVIS Indonesia Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, IDX returned -5.31%/yr vs 15.78%/yr for UGA. At a 0.21 correlation, their price movements are largely independent. IDX charges 0.57%/yr vs 0.75%/yr for UGA.
Performance
IDX vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, IDX achieves a -37.49% return, which is significantly lower than UGA's 71.80% return. Over the past 10 years, IDX has underperformed UGA with an annualized return of -5.31%, while UGA has yielded a comparatively higher 15.78% annualized return.
IDX
- 1D
- 0.10%
- 1M
- -4.62%
- 6M
- -38.61%
- YTD
- -37.49%
- 1Y
- -28.94%
- 3Y*
- -14.33%
- 5Y*
- -7.98%
- 10Y*
- -5.31%
UGA
- 1D
- -1.13%
- 1M
- 0.87%
- 6M
- 65.75%
- YTD
- 71.80%
- 1Y
- 66.14%
- 3Y*
- 17.96%
- 5Y*
- 23.72%
- 10Y*
- 15.78%
IDX vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | -37.49% | 13.83% | -9.75% | 1.98% | -9.40% | -2.59% | -7.45% | 6.26% | -10.46% | 19.24% |
UGA United States Gasoline Fund LP | 71.80% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between IDX 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 | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2009 | 0.21 |
The correlation between IDX and UGA shifts across timeframes, from -0.20 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDX vs. UGA — Risk / Return Rank
IDX
UGA
IDX vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) 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.
| IDX | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.32 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 3.41 | -4.05 |
| Martin ratioReturn relative to average drawdown | -1.60 | 9.53 | -11.13 |
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Drawdowns
IDX vs. UGA - Drawdown Comparison
The maximum IDX drawdown since its inception was -63.14%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for IDX and UGA.
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Drawdown Indicators
| IDX | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -86.59% | +23.45% |
Max Drawdown (1Y)Largest decline over 1 year | -44.52% | -20.32% | -24.20% |
Max Drawdown (3Y)Largest decline over 3 years | -46.73% | -26.68% | -20.05% |
Max Drawdown (5Y)Largest decline over 5 years | -51.25% | -38.11% | -13.14% |
Max Drawdown (10Y)Largest decline over 10 years | -59.11% | -75.89% | +16.78% |
Current DrawdownCurrent decline from peak | -57.61% | -14.20% | -43.41% |
Average DrawdownAverage peak-to-trough decline | -25.01% | -36.64% | +11.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.83% | 7.26% | +10.57% |
Volatility
IDX vs. UGA - Volatility Comparison
VanEck Vectors Indonesia Index ETF (IDX) and United States Gasoline Fund LP (UGA) have volatilities of 10.19% and 10.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDX | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 10.45% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 25.74% | 31.50% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.02% | 35.39% | -7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 34.57% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 37.20% | -12.72% |
IDX vs. UGA - Expense Ratio Comparison
IDX has a 0.57% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
IDX vs. UGA - Dividend Comparison
IDX's dividend yield for the trailing twelve months is around 3.33%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | 3.33% | 2.08% | 4.01% | 3.62% | 3.64% | 1.08% | 1.66% | 2.21% | 2.19% | 1.85% | 1.16% | 2.43% |
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% | 0.00% |
Frequently Asked Questions
IDX 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 (10.45%) compared to IDX (10.19%). In terms of maximum drawdown, IDX dropped -63.14% vs UGA's -86.59%.
On 10-year performance, UGA leads with 15.78% vs -5.31% for IDX. On fees, IDX is cheaper at 0.57% per year. On volatility, IDX has been the lower-risk option at 10.19%. 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 15.78% return vs -5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDX is cheaper with a 0.57% expense ratio, compared with 0.75% for UGA.
IDX has the higher dividend yield at 3.33%, compared with 0.00% for UGA.
IDX is categorized as Indonesia Equities, while UGA is Oil & Gas. IDX tracks MVIS Indonesia Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: VanEck and Concierge Technologies. Their fees differ too: 0.57% for IDX and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.96 vs -1.02), 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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