IRBO vs. UGA
IRBO (iShares Robotics and Artificial Intelligence Multisector ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - IRBO is a Robotics fund tracking the NYSE FactSet Global Robotics and Artificial Intelligence Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, IRBO returned 14.13%/yr vs 25.10%/yr for UGA. At a 0.16 correlation, their price movements are largely independent. IRBO charges 0.47%/yr vs 0.75%/yr for UGA.
Performance
IRBO vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, IRBO achieves a 66.09% return, which is significantly lower than UGA's 75.49% return.
IRBO
- 1D
- -0.90%
- 1M
- 26.10%
- YTD
- 66.09%
- 6M
- 63.47%
- 1Y
- 112.42%
- 3Y*
- 36.54%
- 5Y*
- 14.13%
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
IRBO vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 66.09% | 29.97% | 8.02% | 36.37% | -37.89% | 6.32% | 48.85% | 34.47% | -14.31% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -32.42% |
Correlation
The correlation between IRBO and UGA is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.16 |
The correlation between IRBO and UGA shifts across timeframes, from -0.18 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IRBO vs. UGA — Risk / Return Rank
IRBO
UGA
IRBO vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) 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.
| IRBO | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 5.47 | +0.54 |
| Martin ratioReturn relative to average drawdown | 20.88 | 13.25 | +7.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRBO | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.78 | 2.32 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.73 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.12 | +0.51 |
Drawdowns
IRBO vs. UGA - Drawdown Comparison
The maximum IRBO drawdown since its inception was -54.50%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for IRBO and UGA.
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Drawdown Indicators
| IRBO | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.50% | -86.59% | +32.09% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -14.88% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -26.68% | -5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -50.53% | -38.11% | -12.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -0.90% | -12.35% | +11.45% |
Average DrawdownAverage peak-to-trough decline | -19.85% | -36.76% | +16.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 6.13% | -0.73% |
Volatility
IRBO vs. UGA - Volatility Comparison
iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and United States Gasoline Fund LP (UGA) have volatilities of 12.01% and 11.66%, 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
| IRBO | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 11.66% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 25.12% | 30.41% | -5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.94% | 35.14% | -5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.58% | 34.38% | -5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.75% | 37.27% | -9.52% |
IRBO vs. UGA - Expense Ratio Comparison
IRBO has a 0.47% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
IRBO vs. UGA - Dividend Comparison
Neither IRBO nor UGA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.00% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IRBO and UGA have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRBO has higher volatility (12.01%) compared to UGA (11.66%). In terms of maximum drawdown, IRBO dropped -54.50% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 14.13% for IRBO. On fees, IRBO is cheaper at 0.47% per year. On volatility, UGA has been the lower-risk option at 11.66%. 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 25.10% return vs 14.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IRBO is cheaper with a 0.47% expense ratio, compared with 0.75% for UGA.
IRBO and UGA have nearly identical dividend yields, around 0.00%.
IRBO is categorized as Robotics, while UGA is Oil & Gas. IRBO tracks NYSE FactSet Global Robotics and Artificial Intelligence Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.47% for IRBO and 0.75% for UGA.
IRBO currently has the higher Sharpe Ratio (3.78 vs 2.32), 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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