IGBH vs. UGA
IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - IGBH is a Corporate Bonds fund tracking the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, IGBH returned 5.06%/yr vs 14.31%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. IGBH charges 0.16%/yr vs 0.75%/yr for UGA.
Performance
IGBH vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGBH achieves a 2.40% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, IGBH has underperformed UGA with an annualized return of 5.06%, while UGA has yielded a comparatively higher 14.31% annualized return.
IGBH
- 1D
- -0.08%
- 1M
- 0.29%
- YTD
- 2.40%
- 6M
- 2.53%
- 1Y
- 9.02%
- 3Y*
- 8.57%
- 5Y*
- 5.37%
- 10Y*
- 5.06%
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%
IGBH vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.40% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -4.54% | 9.36% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between IGBH and UGA is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015 | 0.13 |
The correlation between IGBH and UGA shifts across timeframes, from -0.15 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.
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
IGBH vs. UGA — Risk / Return Rank
IGBH
UGA
IGBH vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) 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.
| IGBH | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.17 | -1.03 |
| Martin ratioReturn relative to average drawdown | 7.85 | 9.39 | -1.54 |
Loading charts...
Drawdowns
IGBH vs. UGA - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for IGBH and UGA.
Loading charts...
Drawdown Indicators
| IGBH | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -86.59% | +52.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -18.96% | +14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -26.68% | +19.75% |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | -38.11% | +27.63% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -75.89% | +42.22% |
Current DrawdownCurrent decline from peak | -0.28% | -18.05% | +17.77% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -36.69% | +34.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 6.43% | -5.28% |
Volatility
IGBH vs. UGA - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is 0.69%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that IGBH 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
| IGBH | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 9.24% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 30.57% | -27.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 35.22% | -31.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 34.45% | -28.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 37.22% | -28.02% |
IGBH vs. UGA - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
IGBH vs. UGA - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 5.66%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.66% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
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
IGBH and UGA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to IGBH (0.69%). In terms of maximum drawdown, IGBH dropped -33.67% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 5.06% for IGBH. On fees, IGBH is cheaper at 0.16% per year. On volatility, IGBH has been the lower-risk option at 0.69%. 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 14.31% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.75% for UGA.
IGBH has the higher dividend yield at 5.66%, compared with 0.00% for UGA.
IGBH is categorized as Corporate Bonds, while UGA is Oil & Gas. IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.16% for IGBH and 0.75% for UGA.
IGBH currently has the higher Sharpe Ratio (2.25 vs 1.73), 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 IGBH 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