ISHP vs. UGA
ISHP (First Trust S-Network Global E-Commerce ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - ISHP is a Consumer Discretionary Equities fund tracking the S-Network Global E-Commerce Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, ISHP returned 0.64%/yr vs 22.22%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. ISHP charges 0.60%/yr vs 0.75%/yr for UGA.
Performance
ISHP vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, ISHP achieves a -15.71% return, which is significantly lower than UGA's 59.54% return.
ISHP
- 1D
- 0.90%
- 1M
- -2.39%
- YTD
- -15.71%
- 6M
- -15.87%
- 1Y
- -15.09%
- 3Y*
- 9.02%
- 5Y*
- 0.64%
- 10Y*
- —
UGA
- 1D
- -2.77%
- 1M
- -14.54%
- YTD
- 59.54%
- 6M
- 55.91%
- 1Y
- 62.68%
- 3Y*
- 17.85%
- 5Y*
- 22.22%
- 10Y*
- 13.99%
ISHP vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | -15.71% | 12.27% | 24.17% | 22.24% | -33.79% | 30.09% | 15.33% | 19.74% | -2.04% | 7.66% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between ISHP and UGA is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | 0.11 |
The correlation between ISHP and UGA shifts across timeframes, from -0.28 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISHP vs. UGA — Risk / Return Rank
ISHP
UGA
ISHP vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Global E-Commerce ETF (ISHP) 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.
| ISHP | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.31 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 3.10 | -3.71 |
| Martin ratioReturn relative to average drawdown | -1.21 | 9.66 | -10.87 |
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Drawdowns
ISHP vs. UGA - Drawdown Comparison
The maximum ISHP drawdown since its inception was -47.57%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for ISHP and UGA.
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Drawdown Indicators
| ISHP | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.57% | -86.59% | +39.02% |
Max Drawdown (1Y)Largest decline over 1 year | -24.75% | -20.32% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -26.68% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.57% | -38.11% | -9.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -22.57% | -20.32% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -12.70% | -36.69% | +23.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 6.51% | +5.97% |
Volatility
ISHP vs. UGA - Volatility Comparison
The current volatility for First Trust S-Network Global E-Commerce ETF (ISHP) is 5.81%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that ISHP 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
| ISHP | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 9.45% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 30.74% | -16.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 34.84% | -17.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.26% | 34.47% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 37.22% | -13.14% |
ISHP vs. UGA - Expense Ratio Comparison
ISHP has a 0.60% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
ISHP vs. UGA - Dividend Comparison
ISHP's dividend yield for the trailing twelve months is around 1.59%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | 1.59% | 1.34% | 1.02% | 1.58% | 0.76% | 0.53% | 0.82% | 1.16% | 0.89% | 1.65% | 0.23% |
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% |
Frequently Asked Questions
ISHP and UGA have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.45%) compared to ISHP (5.81%). In terms of maximum drawdown, ISHP dropped -47.57% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.22% vs 0.64% for ISHP. On fees, ISHP is cheaper at 0.60% per year. On volatility, ISHP has been the lower-risk option at 5.81%. 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 22.22% return vs 0.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHP is cheaper with a 0.60% expense ratio, compared with 0.75% for UGA.
ISHP has the higher dividend yield at 1.59%, compared with 0.00% for UGA.
ISHP is categorized as Consumer Discretionary Equities, while UGA is Oil & Gas. ISHP tracks S-Network Global E-Commerce Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.60% for ISHP and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs -0.87), 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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