MSII vs. UGA

Last updated Jun 5, 2026

MSII (REX MSTR Growth & Income ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. MSII is actively managed, while UGA is passively managed. Over the past year, MSII returned -67.78% vs 79.48% for UGA. At a correlation of -0.06, they often move in opposite directions. MSII charges 0.99%/yr vs 0.75%/yr for UGA.

Performance

MSII vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -18.95% return, which is significantly lower than UGA's 70.69% return.

MSII

• 1D: 2.74%
• 1M: -31.87%
• YTD: -18.95%
• 6M: -32.47%
• 1Y: -67.78%
• 3Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSII vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-18.95%	-60.25%
UGA United States Gasoline Fund LP	70.69%	5.14%

Correlation

The correlation between MSII and UGA is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.06

Return for Risk

MSII vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UGA

UGA Risk / Return Rank: 70
UGA Sharpe Ratio Rank: 71
UGA Sortino Ratio Rank: 58
UGA Omega Ratio Rank: 62
UGA Calmar Ratio Rank: 89
UGA Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSII vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSII	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.27	—
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	-0.96	0.12	-1.07

Drawdowns

MSII vs. UGA - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for MSII and UGA.

Drawdown Indicators

	MSII	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-86.59%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	-14.88%	-63.85%
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 Drawdown Current decline from peak	-73.68%	-14.75%	-58.93%
Average Drawdown Average peak-to-trough decline	-46.27%	-36.76%	-9.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.20%	—

Volatility

Volatility by Period

	MSII	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.12%	35.27%	+35.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.12%	34.40%	+36.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.12%	37.27%	+33.85%

MSII vs. UGA - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

MSII vs. UGA - Dividend Comparison

MSII's dividend yield for the trailing twelve months is around 88.00%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
MSII REX MSTR Growth & Income ETF	88.00%	48.93%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSII and UGA in my portfolio?

MSII and UGA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSII or UGA?

On 1-year performance, UGA leads with 79.48% vs -67.78% for MSII. On fees, UGA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSII or UGA?

Over the 1-year period, UGA has performed better with a 79.48% return vs -67.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSII or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 0.99% for MSII.

Which ETF pays a higher dividend yield, MSII or UGA?

MSII has the higher dividend yield at 88.00%, compared with 0.00% for UGA.

What is the main difference between MSII and UGA?

MSII is categorized as Leveraged Equities, while UGA is Oil & Gas. They also come from different issuers: REX and Concierge Technologies. Their fees differ too: 0.99% for MSII and 0.75% for UGA.