KARS vs. UGA
KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, KARS returned -4.78%/yr vs 22.69%/yr for UGA. At a 0.19 correlation, their price movements are largely independent. KARS charges 0.72%/yr vs 0.75%/yr for UGA.
Performance
KARS vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, KARS achieves a 5.04% return, which is significantly lower than UGA's 64.09% return.
KARS
- 1D
- -4.28%
- 1M
- -9.61%
- YTD
- 5.04%
- 6M
- 4.08%
- 1Y
- 49.48%
- 3Y*
- 2.98%
- 5Y*
- -4.78%
- 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%
KARS vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 5.04% | 46.04% | -17.88% | -7.85% | -39.20% | 24.11% | 71.17% | 34.66% | -28.04% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -31.45% |
Correlation
The correlation between KARS 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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.19 |
The correlation between KARS and UGA shifts across timeframes, from -0.12 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KARS vs. UGA — Risk / Return Rank
KARS
UGA
KARS vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) 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.
| KARS | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.17 | 0.00 |
| Martin ratioReturn relative to average drawdown | 10.99 | 9.39 | +1.60 |
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Drawdowns
KARS vs. UGA - Drawdown Comparison
The maximum KARS drawdown since its inception was -64.85%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for KARS and UGA.
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Drawdown Indicators
| KARS | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.85% | -86.59% | +21.74% |
Max Drawdown (1Y)Largest decline over 1 year | -15.68% | -18.96% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -47.79% | -26.68% | -21.11% |
Max Drawdown (5Y)Largest decline over 5 years | -64.85% | -38.11% | -26.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -35.97% | -18.05% | -17.92% |
Average DrawdownAverage peak-to-trough decline | -28.34% | -36.69% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 6.43% | -1.92% |
Volatility
KARS vs. UGA - Volatility Comparison
KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a higher volatility of 11.59% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that KARS'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
| KARS | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 9.24% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 30.57% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.82% | 35.22% | -7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.09% | 34.45% | -4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.41% | 37.22% | -7.81% |
KARS vs. UGA - Expense Ratio Comparison
KARS has a 0.72% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
KARS vs. UGA - Dividend Comparison
KARS's dividend yield for the trailing twelve months is around 0.17%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 0.17% | 0.18% | 0.78% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% |
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
KARS 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.
KARS has higher volatility (11.59%) compared to UGA (9.24%). In terms of maximum drawdown, KARS dropped -64.85% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -4.78% for KARS. On fees, KARS is cheaper at 0.72% per year. 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 5-year period, UGA has performed better with a 22.69% return vs -4.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KARS is cheaper with a 0.72% expense ratio, compared with 0.75% for UGA.
KARS has the higher dividend yield at 0.17%, compared with 0.00% for UGA.
KARS is categorized as Industrials Equities, while UGA is Oil & Gas. KARS tracks Bloomberg Electric Vehicles Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: KraneShares and Concierge Technologies. Their fees differ too: 0.72% for KARS and 0.75% for UGA.
KARS currently has the higher Sharpe Ratio (1.79 vs 1.73), 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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