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IJH vs. UGA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. UGA

Last updated Jun 6, 2026

IJH (iShares Core S&P Mid-Cap ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, IJH returned 10.96%/yr vs 14.20%/yr for UGA. At a 0.27 correlation, their price movements are largely independent. IJH charges 0.05%/yr vs 0.75%/yr for UGA.

Performance

IJH vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJH achieves a 12.31% return, which is significantly lower than UGA's 70.24% return. Over the past 10 years, IJH has underperformed UGA with an annualized return of 10.96%, while UGA has yielded a comparatively higher 14.20% annualized return.

IJH

1D
-2.00%
1M
-0.90%
YTD
12.31%
6M
11.95%
1Y
23.89%
3Y*
15.12%
5Y*
7.83%
10Y*
10.96%

UGA

1D
-0.27%
1M
-8.27%
YTD
70.24%
6M
58.79%
1Y
76.65%
3Y*
20.28%
5Y*
24.35%
10Y*
14.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. UGA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJH
iShares Core S&P Mid-Cap ETF		12.31%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%
UGA
United States Gasoline Fund LP		70.24%-2.00%3.77%1.27%46.34%68.49%-24.88%41.25%-28.07%1.69%

Correlation

The correlation between IJH and UGA is -0.24, 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

-0.24

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Feb 29, 2008

0.27

The correlation between IJH and UGA shifts across timeframes, from -0.24 (1 year) to 0.27 (all time), 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.

iShares Core S&P Mid-Cap ETF

United States Gasoline Fund LP

Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. IVOOIJH vs. SCHM
Often compared with UGA:
UGA vs. URAUGA vs. FCGUGA vs. QQQUGA vs. VOOUGA vs. USOUGA vs. SPYUGA vs. FNGS

Return for Risk

IJH vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJH
IJH Risk / Return Rank: 5050
Overall Rank
IJH Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 4747
Sortino Ratio Rank
IJH Omega Ratio Rank: 4444
Omega Ratio Rank
IJH Calmar Ratio Rank: 5656
Calmar Ratio Rank
IJH Martin Ratio Rank: 5858
Martin Ratio Rank
UGA
UGA Risk / Return Rank: 6969
Overall Rank
UGA Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
UGA Sortino Ratio Rank: 5858
Sortino Ratio Rank
UGA Omega Ratio Rank: 6262
Omega Ratio Rank
UGA Calmar Ratio Rank: 8989
Calmar Ratio Rank
UGA Martin Ratio Rank: 6868
Martin Ratio Rank
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.

IJH vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) 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.

IJHUGADifference
Sharpe ratioReturn per unit of total volatility
1.53
2.19

-0.66

Sortino ratioReturn per unit of downside risk
2.24
2.64

-0.40

Omega ratioGain probability vs. loss probability

1.27

1.36

-0.09

Calmar ratioReturn relative to maximum drawdown

2.72

5.15

-2.43

Martin ratioReturn relative to average drawdown

9.94

12.26

-2.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJH vs. UGA - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.53, which is comparable to the UGA Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of IJH 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.

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Sharpe Ratios by Period

IJHUGADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.19

-0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.71

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.38

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.12

+0.34

Drawdowns

IJH vs. UGA - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for IJH and UGA.

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Drawdown Indicators

IJHUGADifference

Max Drawdown

Largest peak-to-trough decline

-55.07%

-86.59%

+31.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-14.98%

+6.15%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-26.68%

+2.58%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-38.11%

+14.01%

Max Drawdown (10Y)

Largest decline over 10 years

-42.18%

-75.89%

+33.71%

Current Drawdown

Current decline from peak

-2.00%

-14.98%

+12.98%

Average Drawdown

Average peak-to-trough decline

-7.57%

-36.75%

+29.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

6.27%

-3.86%

Volatility

IJH vs. UGA - Volatility Comparison

The current volatility for iShares Core S&P Mid-Cap ETF (IJH) is 4.37%, while United States Gasoline Fund LP (UGA) has a volatility of 10.83%. This indicates that IJH 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

IJHUGADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.37%

10.83%

-6.46%

Volatility (6M)

Calculated over the trailing 6-month period

11.50%

30.48%

-18.98%

Volatility (1Y)

Calculated over the trailing 1-year period

15.64%

35.21%

-19.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.75%

34.39%

-14.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.18%

37.27%

-16.09%

IJH vs. UGA - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

IJH vs. UGA - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.20%, while UGA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.20%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
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

IJH and UGA have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UGA has higher volatility (10.83%) compared to IJH (4.37%). In terms of maximum drawdown, IJH dropped -55.07% vs UGA's -86.59%.

On 10-year performance, UGA leads with 14.20% vs 10.96% for IJH. On fees, IJH is cheaper at 0.05% per year. On volatility, IJH has been the lower-risk option at 4.37%. 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 14.20% return vs 10.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.75% for UGA.

IJH has the higher dividend yield at 1.20%, compared with 0.00% for UGA.

IJH is categorized as Mid Cap Blend Equities, while UGA is Oil & Gas. IJH tracks S&P MidCap 400 Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.05% for IJH and 0.75% for UGA.

UGA currently has the higher Sharpe Ratio (2.19 vs 1.53), 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.

Portfolio Optimizer

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