LIT vs. UGA
LIT (Global X Lithium & Battery Tech ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - LIT is a Lithium & Battery Metals fund tracking the Solactive Global Lithium Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, LIT returned 12.64%/yr vs 15.78%/yr for UGA. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
LIT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, LIT achieves a 11.98% return, which is significantly lower than UGA's 71.80% return. Over the past 10 years, LIT has underperformed UGA with an annualized return of 12.64%, while UGA has yielded a comparatively higher 15.78% annualized return.
LIT
- 1D
- -0.69%
- 1M
- -11.82%
- 6M
- 6.48%
- YTD
- 11.98%
- 1Y
- 81.25%
- 3Y*
- 3.15%
- 5Y*
- -0.72%
- 10Y*
- 12.64%
UGA
- 1D
- -1.13%
- 1M
- 0.87%
- 6M
- 65.75%
- YTD
- 71.80%
- 1Y
- 66.14%
- 3Y*
- 17.96%
- 5Y*
- 23.72%
- 10Y*
- 15.78%
LIT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIT Global X Lithium & Battery Tech ETF | 11.98% | 60.05% | -19.19% | -12.18% | -29.91% | 36.74% | 127.88% | 3.27% | -28.63% | 64.19% |
UGA United States Gasoline Fund LP | 71.80% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between LIT 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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2010 | 0.22 |
The correlation between LIT and UGA shifts across timeframes, from -0.15 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LIT vs. UGA — Risk / Return Rank
LIT
UGA
LIT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) 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.
| LIT | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 3.41 | +0.47 |
| Martin ratioReturn relative to average drawdown | 13.52 | 9.53 | +3.98 |
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Drawdowns
LIT vs. UGA - Drawdown Comparison
The maximum LIT drawdown since its inception was -65.91%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for LIT and UGA.
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Drawdown Indicators
| LIT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.91% | -86.59% | +20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -20.95% | -20.32% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -52.39% | -26.68% | -25.71% |
Max Drawdown (5Y)Largest decline over 5 years | -65.91% | -38.11% | -27.80% |
Max Drawdown (10Y)Largest decline over 10 years | -65.91% | -75.89% | +9.98% |
Current DrawdownCurrent decline from peak | -21.71% | -14.20% | -7.51% |
Average DrawdownAverage peak-to-trough decline | -33.51% | -36.64% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 7.26% | -1.26% |
Volatility
LIT vs. UGA - Volatility Comparison
Global X Lithium & Battery Tech ETF (LIT) and United States Gasoline Fund LP (UGA) have volatilities of 10.65% and 10.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 10.45% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 24.42% | 31.50% | -7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.29% | 35.39% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.11% | 34.57% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.71% | 37.20% | -6.49% |
LIT vs. UGA - Expense Ratio Comparison
Both LIT and UGA have an expense ratio of 0.75%.
Dividends
LIT vs. UGA - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 0.70%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIT Global X Lithium & Battery Tech ETF | 0.70% | 0.49% | 0.93% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
LIT 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.
LIT has higher volatility (10.65%) compared to UGA (10.45%). In terms of maximum drawdown, LIT dropped -65.91% vs UGA's -86.59%.
On 10-year performance, UGA leads with 15.78% vs 12.64% for LIT. Both ETFs have the same 0.75% expense ratio. On volatility, UGA has been the lower-risk option at 10.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 15.78% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LIT and UGA have the same expense ratio: 0.75% per year.
LIT has the higher dividend yield at 0.70%, compared with 0.00% for UGA.
LIT is categorized as Lithium & Battery Metals, while UGA is Oil & Gas. LIT tracks Solactive Global Lithium Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies.
LIT currently has the higher Sharpe Ratio (2.38 vs 1.96), 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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