KNGZ vs. UGA
KNGZ (First Trust S&P 500 Diversified Dividend Aristocrats ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - KNGZ is a S&P 500 fund tracking the S&P 500 Sector-Neutral Dividend Aristocrats Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, KNGZ returned 9.28%/yr vs 25.10%/yr for UGA. At a 0.15 correlation, their price movements are largely independent. KNGZ charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
KNGZ vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, KNGZ achieves a 16.69% return, which is significantly lower than UGA's 75.49% return.
KNGZ
- 1D
- -1.01%
- 1M
- 8.04%
- YTD
- 16.69%
- 6M
- 16.73%
- 1Y
- 31.60%
- 3Y*
- 17.67%
- 5Y*
- 9.28%
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
KNGZ vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 16.69% | 14.27% | 11.05% | 9.77% | -7.55% | 28.99% | 5.51% | 27.34% | -7.11% | 9.90% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 39.75% |
Correlation
The correlation between KNGZ and UGA is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2017 | 0.15 |
The correlation between KNGZ and UGA shifts across timeframes, from -0.18 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KNGZ vs. UGA — Risk / Return Rank
KNGZ
UGA
KNGZ vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) 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.
| KNGZ | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 5.47 | -2.10 |
| Martin ratioReturn relative to average drawdown | 11.35 | 13.25 | -1.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KNGZ | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.32 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.73 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.12 | +0.49 |
Drawdowns
KNGZ vs. UGA - Drawdown Comparison
The maximum KNGZ drawdown since its inception was -37.44%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for KNGZ and UGA.
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Drawdown Indicators
| KNGZ | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.44% | -86.59% | +49.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -14.88% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -26.68% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -38.11% | +18.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -1.01% | -12.35% | +11.34% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -36.76% | +31.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 6.13% | -3.34% |
Volatility
KNGZ vs. UGA - Volatility Comparison
The current volatility for First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) is 3.82%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that KNGZ 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
| KNGZ | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 11.66% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 30.41% | -20.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 35.14% | -21.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 34.38% | -18.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 37.27% | -18.40% |
KNGZ vs. UGA - Expense Ratio Comparison
KNGZ has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
KNGZ vs. UGA - Dividend Comparison
KNGZ's dividend yield for the trailing twelve months is around 2.33%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 2.33% | 2.70% | 2.55% | 3.10% | 2.52% | 1.95% | 2.44% | 2.85% | 4.09% | 1.10% |
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% |
Frequently Asked Questions
KNGZ and UGA have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to KNGZ (3.82%). In terms of maximum drawdown, KNGZ dropped -37.44% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 9.28% for KNGZ. On fees, KNGZ is cheaper at 0.50% per year. On volatility, KNGZ has been the lower-risk option at 3.82%. 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 25.10% return vs 9.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNGZ is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
KNGZ has the higher dividend yield at 2.33%, compared with 0.00% for UGA.
KNGZ is categorized as S&P 500, while UGA is Oil & Gas. KNGZ tracks S&P 500 Sector-Neutral Dividend Aristocrats Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.50% for KNGZ and 0.75% for UGA.
KNGZ currently has the higher Sharpe Ratio (2.34 vs 2.32), 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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