KOOL vs. UGA
KOOL (North Shore Equity Rotation ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - KOOL is a Large Cap Blend Equities fund actively managed by North Shore, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. KOOL is actively managed, while UGA is passively managed. Over the past year, KOOL returned 27.29% vs 76.65% for UGA. At a correlation of -0.02, they often move in opposite directions. KOOL charges 0.94%/yr vs 0.75%/yr for UGA.
Performance
KOOL vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, KOOL achieves a 12.06% return, which is significantly lower than UGA's 70.24% return.
KOOL
- 1D
- -3.11%
- 1M
- -3.23%
- YTD
- 12.06%
- 6M
- 10.26%
- 1Y
- 27.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.27%
- 1M
- -8.27%
- YTD
- 70.24%
- 6M
- 58.79%
- 1Y
- 76.65%
- 3Y*
- 20.28%
- 5Y*
- 24.35%
- 10Y*
- 14.20%
KOOL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KOOL North Shore Equity Rotation ETF | 12.06% | 16.05% | 10.71% |
UGA United States Gasoline Fund LP | 70.24% | -2.00% | -12.73% |
Correlation
The correlation between KOOL and UGA is -0.23, 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 | -0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | -0.02 |
Over the past year, the inverse relationship between KOOL and UGA has strengthened: their correlation has moved from -0.02 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
KOOL vs. UGA — Risk / Return Rank
KOOL
UGA
KOOL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Shore Equity Rotation ETF (KOOL) 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.
| KOOL | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 5.15 | -1.33 |
| Martin ratioReturn relative to average drawdown | 15.52 | 12.26 | +3.26 |
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
| KOOL | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.19 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.12 | +0.96 |
Drawdowns
KOOL vs. UGA - Drawdown Comparison
The maximum KOOL drawdown since its inception was -20.46%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for KOOL and UGA.
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Drawdown Indicators
| KOOL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.46% | -86.59% | +66.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -14.98% | +7.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.70% | -14.98% | +11.28% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -36.75% | +34.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 6.27% | -4.51% |
Volatility
KOOL vs. UGA - Volatility Comparison
The current volatility for North Shore Equity Rotation ETF (KOOL) is 4.63%, while United States Gasoline Fund LP (UGA) has a volatility of 10.83%. This indicates that KOOL 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
| KOOL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 10.83% | -6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 30.48% | -19.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 35.21% | -21.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 34.39% | -17.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 37.27% | -20.21% |
KOOL vs. UGA - Expense Ratio Comparison
KOOL has a 0.94% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
KOOL vs. UGA - Dividend Comparison
KOOL's dividend yield for the trailing twelve months is around 0.36%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KOOL North Shore Equity Rotation ETF | 0.36% | 0.37% | 0.56% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KOOL and UGA have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (10.83%) compared to KOOL (4.63%). In terms of maximum drawdown, KOOL dropped -20.46% vs UGA's -86.59%.
On 1-year performance, UGA leads with 76.65% vs 27.29% for KOOL. On fees, UGA is cheaper at 0.75% per year. On volatility, KOOL has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UGA has performed better with a 76.65% return vs 27.29%. 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 0.94% for KOOL.
KOOL has the higher dividend yield at 0.36%, compared with 0.00% for UGA.
KOOL is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. They also come from different issuers: North Shore and Concierge Technologies. Their fees differ too: 0.94% for KOOL and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.19 vs 2.06), 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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