KOMP vs. UGA
KOMP (SPDR S&P Kensho New Economies Composite ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, KOMP returned 1.68%/yr vs 22.22%/yr for UGA. At a 0.18 correlation, their price movements are largely independent. KOMP charges 0.20%/yr vs 0.75%/yr for UGA.
Performance
KOMP vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, KOMP achieves a 14.25% return, which is significantly lower than UGA's 59.54% return.
KOMP
- 1D
- -1.25%
- 1M
- -3.38%
- YTD
- 14.25%
- 6M
- 11.15%
- 1Y
- 30.32%
- 3Y*
- 18.25%
- 5Y*
- 1.68%
- 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%
KOMP vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KOMP SPDR S&P Kensho New Economies Composite ETF | 14.25% | 19.74% | 10.05% | 20.09% | -32.21% | 3.67% | 61.28% | 37.12% | -10.32% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -30.83% |
Correlation
The correlation between KOMP and UGA is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.18 |
The correlation between KOMP and UGA shifts across timeframes, from -0.15 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KOMP vs. UGA — Risk / Return Rank
KOMP
UGA
KOMP vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho New Economies Composite ETF (KOMP) 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.
| KOMP | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.10 | -1.14 |
| Martin ratioReturn relative to average drawdown | 6.05 | 9.66 | -3.61 |
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Drawdowns
KOMP vs. UGA - Drawdown Comparison
The maximum KOMP drawdown since its inception was -50.06%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for KOMP and UGA.
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Drawdown Indicators
| KOMP | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.06% | -86.59% | +36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -20.32% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.93% | -26.68% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | -38.11% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -9.46% | -20.32% | +10.86% |
Average DrawdownAverage peak-to-trough decline | -21.57% | -36.69% | +15.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 6.51% | -1.48% |
Volatility
KOMP vs. UGA - Volatility Comparison
SPDR S&P Kensho New Economies Composite ETF (KOMP) has a higher volatility of 10.58% compared to United States Gasoline Fund LP (UGA) at 9.45%. This indicates that KOMP'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
| KOMP | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 9.45% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.78% | 30.74% | -10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.74% | 34.84% | -10.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.09% | 34.47% | -9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.13% | 37.22% | -10.09% |
KOMP vs. UGA - Expense Ratio Comparison
KOMP has a 0.20% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
KOMP vs. UGA - Dividend Comparison
KOMP's dividend yield for the trailing twelve months is around 1.53%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.53% | 1.84% | 1.04% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% |
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
KOMP and UGA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KOMP has higher volatility (10.58%) compared to UGA (9.45%). In terms of maximum drawdown, KOMP dropped -50.06% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.22% vs 1.68% for KOMP. On fees, KOMP is cheaper at 0.20% per year. On volatility, UGA has been the lower-risk option at 9.45%. 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 1.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KOMP is cheaper with a 0.20% expense ratio, compared with 0.75% for UGA.
KOMP has the higher dividend yield at 1.53%, compared with 0.00% for UGA.
KOMP is categorized as Mid Cap Growth Equities, while UGA is Oil & Gas. KOMP tracks S&P Kensho New Economies Composite Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: State Street and Concierge Technologies. Their fees differ too: 0.20% for KOMP and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs 1.23), 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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