MOTI vs. UGA
MOTI (VanEck Vectors Morningstar International Moat ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - MOTI is a Foreign Large Cap Equities fund tracking the Morningstar Global ex-US Moat Focus Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, MOTI returned 6.45%/yr vs 13.99%/yr for UGA. At a 0.19 correlation, their price movements are largely independent. MOTI charges 0.57%/yr vs 0.75%/yr for UGA.
Performance
MOTI vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, MOTI achieves a -10.36% return, which is significantly lower than UGA's 59.54% return. Over the past 10 years, MOTI has underperformed UGA with an annualized return of 6.45%, while UGA has yielded a comparatively higher 13.99% annualized return.
MOTI
- 1D
- -0.48%
- 1M
- -5.79%
- YTD
- -10.36%
- 6M
- -10.04%
- 1Y
- -1.05%
- 3Y*
- 5.51%
- 5Y*
- 1.61%
- 10Y*
- 6.45%
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%
MOTI vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOTI VanEck Vectors Morningstar International Moat ETF | -10.36% | 25.01% | 1.94% | 10.18% | -6.93% | 0.03% | 7.24% | 17.63% | -13.92% | 34.27% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between MOTI and UGA is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.19 |
The correlation between MOTI and UGA shifts across timeframes, from -0.28 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MOTI vs. UGA — Risk / Return Rank
MOTI
UGA
MOTI vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar International Moat ETF (MOTI) 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.
| MOTI | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 3.10 | -3.17 |
| Martin ratioReturn relative to average drawdown | -0.16 | 9.66 | -9.82 |
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Drawdowns
MOTI vs. UGA - Drawdown Comparison
The maximum MOTI drawdown since its inception was -36.70%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for MOTI and UGA.
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Drawdown Indicators
| MOTI | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.70% | -86.59% | +49.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.61% | -20.32% | +4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -26.68% | +10.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -38.11% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | -75.89% | +39.19% |
Current DrawdownCurrent decline from peak | -15.61% | -20.32% | +4.71% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -36.69% | +27.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 6.51% | 0.00% |
Volatility
MOTI vs. UGA - Volatility Comparison
The current volatility for VanEck Vectors Morningstar International Moat ETF (MOTI) is 3.06%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that MOTI 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
| MOTI | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 9.45% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 30.74% | -19.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 34.84% | -20.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 34.47% | -16.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 37.22% | -19.40% |
MOTI vs. UGA - Expense Ratio Comparison
MOTI has a 0.57% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
MOTI vs. UGA - Dividend Comparison
MOTI's dividend yield for the trailing twelve months is around 3.60%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOTI VanEck Vectors Morningstar International Moat ETF | 3.60% | 3.22% | 4.79% | 2.34% | 3.27% | 4.67% | 2.14% | 3.90% | 3.73% | 8.87% | 1.33% | 0.84% |
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
MOTI and UGA have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.45%) compared to MOTI (3.06%). In terms of maximum drawdown, MOTI dropped -36.70% vs UGA's -86.59%.
On 10-year performance, UGA leads with 13.99% vs 6.45% for MOTI. On fees, MOTI is cheaper at 0.57% per year. On volatility, MOTI has been the lower-risk option at 3.06%. 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 13.99% return vs 6.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOTI is cheaper with a 0.57% expense ratio, compared with 0.75% for UGA.
MOTI has the higher dividend yield at 3.60%, compared with 0.00% for UGA.
MOTI is categorized as Foreign Large Cap Equities, while UGA is Oil & Gas. MOTI tracks Morningstar Global ex-US Moat Focus Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: VanEck and Concierge Technologies. Their fees differ too: 0.57% for MOTI and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs -0.07), 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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