JIG vs. UGA
JIG (JPMorgan International Growth ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - JIG is a Foreign Large Cap Equities fund actively managed by JPMorgan, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. JIG is actively managed, while UGA is passively managed. Over the past 5 years, JIG returned 3.25%/yr vs 22.22%/yr for UGA. At a 0.07 correlation, their price movements are largely independent. JIG charges 0.55%/yr vs 0.75%/yr for UGA.
Performance
JIG vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, JIG achieves a 16.57% return, which is significantly lower than UGA's 59.54% return.
JIG
- 1D
- 0.47%
- 1M
- 3.83%
- YTD
- 16.57%
- 6M
- 16.14%
- 1Y
- 24.36%
- 3Y*
- 15.93%
- 5Y*
- 3.25%
- 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%
JIG vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JIG JPMorgan International Growth ETF | 16.57% | 20.10% | 8.84% | 13.00% | -30.57% | 6.40% | 40.04% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 44.44% |
Correlation
The correlation between JIG 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 | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.07 |
The correlation between JIG and UGA shifts across timeframes, from -0.28 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JIG vs. UGA — Risk / Return Rank
JIG
UGA
JIG vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Growth ETF (JIG) 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.
| JIG | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.10 | -1.21 |
| Martin ratioReturn relative to average drawdown | 7.02 | 9.66 | -2.64 |
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Drawdowns
JIG vs. UGA - Drawdown Comparison
The maximum JIG drawdown since its inception was -43.75%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for JIG and UGA.
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Drawdown Indicators
| JIG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.75% | -86.59% | +42.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -20.32% | +7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -26.68% | +10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -43.75% | -38.11% | -5.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.63% | -20.32% | +16.69% |
Average DrawdownAverage peak-to-trough decline | -16.65% | -36.69% | +20.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 6.51% | -3.03% |
Volatility
JIG vs. UGA - Volatility Comparison
JPMorgan International Growth ETF (JIG) and United States Gasoline Fund LP (UGA) have volatilities of 9.43% and 9.45%, 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
| JIG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.43% | 9.45% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 30.74% | -12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 34.84% | -14.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 34.47% | -15.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 37.22% | -17.95% |
JIG vs. UGA - Expense Ratio Comparison
JIG has a 0.55% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
JIG vs. UGA - Dividend Comparison
JIG's dividend yield for the trailing twelve months is around 1.93%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JIG JPMorgan International Growth ETF | 1.93% | 2.25% | 1.70% | 1.69% | 0.91% | 1.35% | 0.04% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JIG 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 JIG (9.43%). In terms of maximum drawdown, JIG dropped -43.75% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.22% vs 3.25% for JIG. On fees, JIG is cheaper at 0.55% per year. Their volatility is very similar. 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 3.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JIG is cheaper with a 0.55% expense ratio, compared with 0.75% for UGA.
JIG has the higher dividend yield at 1.93%, compared with 0.00% for UGA.
JIG is categorized as Foreign Large Cap Equities, while UGA is Oil & Gas. They also come from different issuers: JPMorgan and Concierge Technologies. Their fees differ too: 0.55% for JIG and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs 1.22), 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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