ITEQ vs. UGA
ITEQ (BlueStar Israel Technology ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - ITEQ is a Technology Equities fund tracking the BlueStar Israel Global Technology Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, ITEQ returned 10.76%/yr vs 14.31%/yr for UGA. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
ITEQ vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, ITEQ achieves a 10.21% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, ITEQ has underperformed UGA with an annualized return of 10.76%, while UGA has yielded a comparatively higher 14.31% annualized return.
ITEQ
- 1D
- -1.92%
- 1M
- -2.89%
- YTD
- 10.21%
- 6M
- 8.98%
- 1Y
- 19.31%
- 3Y*
- 12.40%
- 5Y*
- -1.70%
- 10Y*
- 10.76%
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%
ITEQ vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITEQ BlueStar Israel Technology ETF | 10.21% | 13.71% | 11.70% | 4.70% | -30.36% | -8.04% | 58.96% | 37.59% | -0.63% | 26.87% |
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 ITEQ and UGA is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2015 | 0.14 |
The correlation between ITEQ and UGA shifts across timeframes, from -0.12 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ITEQ vs. UGA — Risk / Return Rank
ITEQ
UGA
ITEQ vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlueStar Israel Technology ETF (ITEQ) 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.
| ITEQ | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.17 | -1.68 |
| Martin ratioReturn relative to average drawdown | 3.81 | 9.39 | -5.58 |
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Drawdowns
ITEQ vs. UGA - Drawdown Comparison
The maximum ITEQ drawdown since its inception was -54.63%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for ITEQ and UGA.
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Drawdown Indicators
| ITEQ | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.63% | -86.59% | +31.96% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -18.96% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.78% | -26.68% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -50.29% | -38.11% | -12.18% |
Max Drawdown (10Y)Largest decline over 10 years | -54.63% | -75.89% | +21.26% |
Current DrawdownCurrent decline from peak | -18.35% | -18.05% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -18.50% | -36.69% | +18.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 6.43% | -1.35% |
Volatility
ITEQ vs. UGA - Volatility Comparison
BlueStar Israel Technology ETF (ITEQ) has a higher volatility of 10.20% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that ITEQ's price experiences larger fluctuations and is considered to be riskier 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
| ITEQ | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 9.24% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 18.83% | 30.57% | -11.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 35.22% | -11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 34.45% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 37.22% | -13.73% |
ITEQ vs. UGA - Expense Ratio Comparison
Both ITEQ and UGA have an expense ratio of 0.75%.
Dividends
ITEQ vs. UGA - Dividend Comparison
ITEQ's dividend yield for the trailing twelve months is around 0.77%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ITEQ BlueStar Israel Technology ETF | 0.77% | 0.85% | 0.01% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITEQ and UGA have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITEQ has higher volatility (10.20%) compared to UGA (9.24%). In terms of maximum drawdown, ITEQ dropped -54.63% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 10.76% for ITEQ. Both ETFs have the same 0.75% expense ratio. On volatility, UGA has been the lower-risk option at 9.24%. 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 10.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITEQ and UGA have the same expense ratio: 0.75% per year.
ITEQ has the higher dividend yield at 0.77%, compared with 0.00% for UGA.
ITEQ is categorized as Technology Equities, while UGA is Oil & Gas. ITEQ tracks BlueStar Israel Global Technology Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: ETFMG and Concierge Technologies.
UGA currently has the higher Sharpe Ratio (1.73 vs 0.81), 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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