JULZ vs. UGA
JULZ (Trueshares Structured Outcome (July) ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, JULZ returned 10.56%/yr vs 22.69%/yr for UGA. At a 0.10 correlation, their price movements are largely independent. JULZ charges 0.79%/yr vs 0.75%/yr for UGA.
Performance
JULZ vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JULZ achieves a 6.03% return, which is significantly lower than UGA's 64.09% return.
JULZ
- 1D
- -1.21%
- 1M
- -1.47%
- YTD
- 6.03%
- 6M
- 5.25%
- 1Y
- 18.08%
- 3Y*
- 15.38%
- 5Y*
- 10.56%
- 10Y*
- —
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%
JULZ vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | 6.03% | 13.23% | 18.76% | 17.65% | -9.34% | 20.66% | 16.18% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 28.28% |
Correlation
The correlation between JULZ and UGA is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.10 |
The correlation between JULZ and UGA shifts across timeframes, from -0.22 (1 year) to 0.10 (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.
Return for Risk
JULZ vs. UGA — Risk / Return Rank
JULZ
UGA
JULZ vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trueshares Structured Outcome (July) ETF (JULZ) 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.
| JULZ | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.17 | -1.04 |
| Martin ratioReturn relative to average drawdown | 9.01 | 9.39 | -0.38 |
Loading charts...
Drawdowns
JULZ vs. UGA - Drawdown Comparison
The maximum JULZ drawdown since its inception was -14.71%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for JULZ and UGA.
Loading charts...
Drawdown Indicators
| JULZ | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.71% | -86.59% | +71.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -18.96% | +10.43% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -26.68% | +11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.71% | -38.11% | +23.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.04% | -18.05% | +15.01% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -36.69% | +33.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 6.43% | -4.42% |
Volatility
JULZ vs. UGA - Volatility Comparison
The current volatility for Trueshares Structured Outcome (July) ETF (JULZ) is 4.09%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that JULZ 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.
Loading charts...
Volatility by Period
| JULZ | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 9.24% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 30.57% | -21.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 35.22% | -24.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 34.45% | -22.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.36% | 37.22% | -24.86% |
JULZ vs. UGA - Expense Ratio Comparison
JULZ has a 0.79% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
JULZ vs. UGA - Dividend Comparison
JULZ's dividend yield for the trailing twelve months is around 11.28%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | 11.28% | 11.96% | 3.30% | 3.59% | 0.07% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JULZ and UGA have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to JULZ (4.09%). In terms of maximum drawdown, JULZ dropped -14.71% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 10.56% for JULZ. On fees, UGA is cheaper at 0.75% per year. On volatility, JULZ has been the lower-risk option at 4.09%. 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 22.69% return vs 10.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.79% for JULZ.
JULZ has the higher dividend yield at 11.28%, compared with 0.00% for UGA.
JULZ is categorized as Options Trading, while UGA is Oil & Gas. JULZ tracks Cboe S&P 500 Buffer Protect Index July, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: TrueShares and Concierge Technologies. Their fees differ too: 0.79% for JULZ and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs 1.69), 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.
Find the right allocation for JULZ and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer