NERD vs. UGA
NERD (Roundhill Video Games ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - NERD is a Gaming fund actively managed by Roundhill Investments, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. NERD is actively managed, while UGA is passively managed. Over the past 5 years, NERD returned -8.66%/yr vs 23.21%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. NERD charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
NERD vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NERD achieves a -21.02% return, which is significantly lower than UGA's 66.14% return.
NERD
- 1D
- -1.16%
- 1M
- -5.78%
- YTD
- -21.02%
- 6M
- -21.00%
- 1Y
- -27.05%
- 3Y*
- 8.71%
- 5Y*
- -8.66%
- 10Y*
- —
UGA
- 1D
- 4.14%
- 1M
- -5.40%
- YTD
- 66.14%
- 6M
- 62.36%
- 1Y
- 70.24%
- 3Y*
- 19.22%
- 5Y*
- 23.21%
- 10Y*
- 14.74%
NERD vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | -21.02% | 23.14% | 28.52% | 12.94% | -43.30% | -17.57% | 89.66% | 8.14% |
UGA United States Gasoline Fund LP | 66.14% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 15.99% |
Correlation
The correlation between NERD and UGA is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.13 |
The correlation between NERD and UGA shifts across timeframes, from -0.12 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NERD vs. UGA — Risk / Return Rank
NERD
UGA
NERD vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) 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.
| NERD | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.34 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.47 | -4.29 |
| Martin ratioReturn relative to average drawdown | -1.48 | 10.69 | -12.16 |
Loading charts...
Drawdowns
NERD vs. UGA - Drawdown Comparison
The maximum NERD drawdown since its inception was -65.58%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for NERD and UGA.
Loading charts...
Drawdown Indicators
| NERD | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -86.59% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -33.23% | -20.32% | -12.91% |
Max Drawdown (3Y)Largest decline over 3 years | -33.23% | -26.68% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -58.08% | -38.11% | -19.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -48.78% | -17.02% | -31.76% |
Average DrawdownAverage peak-to-trough decline | -35.97% | -36.69% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.36% | 6.59% | +11.77% |
Volatility
NERD vs. UGA - Volatility Comparison
The current volatility for Roundhill Video Games ETF (NERD) is 4.44%, while United States Gasoline Fund LP (UGA) has a volatility of 8.84%. This indicates that NERD 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.
Loading charts...
Volatility by Period
| NERD | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 8.84% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.07% | 30.92% | -15.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 34.74% | -15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 34.52% | -10.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 37.24% | -11.78% |
NERD vs. UGA - Expense Ratio Comparison
NERD has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
NERD vs. UGA - Dividend Comparison
NERD's dividend yield for the trailing twelve months is around 0.80%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.80% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NERD and UGA have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (8.84%) compared to NERD (4.44%). In terms of maximum drawdown, NERD dropped -65.58% vs UGA's -86.59%.
On 5-year performance, UGA leads with 23.21% vs -8.66% for NERD. On fees, NERD is cheaper at 0.50% per year. On volatility, NERD has been the lower-risk option at 4.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 23.21% return vs -8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NERD is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
NERD has the higher dividend yield at 0.80%, compared with 0.00% for UGA.
NERD is categorized as Gaming, while UGA is Oil & Gas. They also come from different issuers: Roundhill Investments and Concierge Technologies. Their fees differ too: 0.50% for NERD and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.03 vs -1.40), 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.
Find the right allocation for NERD and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer