NTSE vs. UGA
NTSE (WisdomTree Emerging Markets Efficient Core Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. NTSE is actively managed, while UGA is passively managed. Over the past 5 years, NTSE returned 5.82%/yr vs 22.69%/yr for UGA. At a 0.07 correlation, their price movements are largely independent. NTSE charges 0.38%/yr vs 0.75%/yr for UGA.
Performance
NTSE vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NTSE achieves a 26.85% return, which is significantly lower than UGA's 64.09% return.
NTSE
- 1D
- -5.15%
- 1M
- 3.45%
- YTD
- 26.85%
- 6M
- 28.76%
- 1Y
- 52.35%
- 3Y*
- 23.39%
- 5Y*
- 5.82%
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
NTSE vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 26.85% | 36.29% | 4.42% | 9.47% | -26.31% | -5.67% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 21.58% |
Correlation
The correlation between NTSE and UGA is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.07 |
The correlation between NTSE and UGA shifts across timeframes, from -0.23 (1 year) to 0.07 (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
NTSE vs. UGA — Risk / Return Rank
NTSE
UGA
NTSE vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.
| NTSE | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 3.17 | +0.54 |
| Martin ratioReturn relative to average drawdown | 13.65 | 9.39 | +4.26 |
Loading charts...
Drawdowns
NTSE vs. UGA - Drawdown Comparison
The maximum NTSE drawdown since its inception was -42.84%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for NTSE and UGA.
Loading charts...
Drawdown Indicators
| NTSE | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -86.59% | +43.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -18.96% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -26.68% | +7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -42.65% | -38.11% | -4.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -5.15% | -18.05% | +12.90% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -36.69% | +17.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 6.43% | -2.58% |
Volatility
NTSE vs. UGA - Volatility Comparison
WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a higher volatility of 12.65% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that NTSE'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.
Loading charts...
Volatility by Period
| NTSE | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.65% | 9.24% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 21.31% | 30.57% | -9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.42% | 35.22% | -11.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 34.45% | -14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 37.22% | -17.45% |
NTSE vs. UGA - Expense Ratio Comparison
NTSE has a 0.38% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
NTSE vs. UGA - Dividend Comparison
NTSE's dividend yield for the trailing twelve months is around 2.61%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.61% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NTSE and UGA have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSE has higher volatility (12.65%) compared to UGA (9.24%). In terms of maximum drawdown, NTSE dropped -42.84% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 5.82% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, UGA has been the lower-risk option at 9.24%. 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 22.69% return vs 5.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSE is cheaper with a 0.38% expense ratio, compared with 0.75% for UGA.
NTSE has the higher dividend yield at 2.61%, compared with 0.00% for UGA.
NTSE is categorized as Diversified Portfolio, while UGA is Oil & Gas. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 0.38% for NTSE and 0.75% for UGA.
NTSE currently has the higher Sharpe Ratio (2.25 vs 1.73), 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 NTSE 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