LITP vs. UGA
LITP (Sprott Lithium Miners ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - LITP is a Energy Equities fund tracking the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 3 years, LITP returned -0.72%/yr vs 20.80%/yr for UGA. At a 0.05 correlation, their price movements are largely independent. LITP charges 0.65%/yr vs 0.75%/yr for UGA.
Performance
LITP vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, LITP achieves a 25.56% return, which is significantly lower than UGA's 70.69% return.
LITP
- 1D
- -2.64%
- 1M
- -10.84%
- YTD
- 25.56%
- 6M
- 41.94%
- 1Y
- 203.39%
- 3Y*
- -0.72%
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -2.73%
- 1M
- -12.25%
- YTD
- 70.69%
- 6M
- 59.72%
- 1Y
- 79.48%
- 3Y*
- 20.80%
- 5Y*
- 24.41%
- 10Y*
- 14.27%
LITP vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 25.56% | 94.65% | -43.85% | -36.14% |
UGA United States Gasoline Fund LP | 70.69% | -2.00% | 3.77% | 2.93% |
Correlation
The correlation between LITP and UGA is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.05 |
The correlation between LITP and UGA shifts across timeframes, from -0.14 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LITP vs. UGA — Risk / Return Rank
LITP
UGA
LITP vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) 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.
| LITP | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 5.37 | +1.21 |
| Martin ratioReturn relative to average drawdown | 19.86 | 12.86 | +7.00 |
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
| LITP | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 2.27 | +1.24 |
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 | -0.08 | 0.12 | -0.20 |
Drawdowns
LITP vs. UGA - Drawdown Comparison
The maximum LITP drawdown since its inception was -74.72%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for LITP and UGA.
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Drawdown Indicators
| LITP | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.72% | -86.59% | +11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -14.88% | -16.24% |
Max Drawdown (3Y)Largest decline over 3 years | -74.31% | -26.68% | -47.63% |
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 | -16.73% | -14.75% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -42.25% | -36.76% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 6.20% | +4.09% |
Volatility
LITP vs. UGA - Volatility Comparison
Sprott Lithium Miners ETF (LITP) has a higher volatility of 13.43% compared to United States Gasoline Fund LP (UGA) at 11.64%. This indicates that LITP'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
| LITP | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 11.64% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 39.78% | 30.48% | +9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.34% | 35.27% | +23.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.34% | 34.40% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.34% | 37.27% | +10.07% |
LITP vs. UGA - Expense Ratio Comparison
LITP has a 0.65% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
LITP vs. UGA - Dividend Comparison
LITP's dividend yield for the trailing twelve months is around 5.90%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 5.90% | 7.41% | 6.55% | 2.80% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LITP and UGA have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITP has higher volatility (13.43%) compared to UGA (11.64%). In terms of maximum drawdown, LITP dropped -74.72% vs UGA's -86.59%.
On 3-year performance, UGA leads with 20.80% vs -0.72% for LITP. On fees, LITP is cheaper at 0.65% per year. On volatility, UGA has been the lower-risk option at 11.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UGA has performed better with a 20.80% return vs -0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LITP is cheaper with a 0.65% expense ratio, compared with 0.75% for UGA.
LITP has the higher dividend yield at 5.90%, compared with 0.00% for UGA.
LITP is categorized as Energy Equities, while UGA is Oil & Gas. LITP tracks Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Sprott and Concierge Technologies. Their fees differ too: 0.65% for LITP and 0.75% for UGA.
LITP currently has the higher Sharpe Ratio (3.51 vs 2.27), 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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