OGIG vs. UGA
OGIG (O’Shares Global Internet Giants ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - OGIG is a Large Cap Growth Equities fund tracking the O’Shares Global Internet Giants Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, OGIG returned -5.48%/yr vs 22.69%/yr for UGA. At a 0.14 correlation, their price movements are largely independent. OGIG charges 0.48%/yr vs 0.75%/yr for UGA.
Performance
OGIG vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, OGIG achieves a -18.24% return, which is significantly lower than UGA's 64.09% return.
OGIG
- 1D
- -0.32%
- 1M
- -5.75%
- YTD
- -18.24%
- 6M
- -19.41%
- 1Y
- -16.68%
- 3Y*
- 11.17%
- 5Y*
- -5.48%
- 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%
OGIG vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OGIG O’Shares Global Internet Giants ETF | -18.24% | 14.39% | 25.97% | 50.25% | -50.64% | -9.30% | 107.92% | 36.90% | -24.48% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -32.44% |
Correlation
The correlation between OGIG 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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018 | 0.14 |
The correlation between OGIG and UGA shifts across timeframes, from -0.12 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OGIG vs. UGA — Risk / Return Rank
OGIG
UGA
OGIG vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) 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.
| OGIG | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.17 | -3.67 |
| Martin ratioReturn relative to average drawdown | -1.00 | 9.39 | -10.39 |
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Drawdowns
OGIG vs. UGA - Drawdown Comparison
The maximum OGIG drawdown since its inception was -66.05%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for OGIG and UGA.
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Drawdown Indicators
| OGIG | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.05% | -86.59% | +20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -33.23% | -18.96% | -14.27% |
Max Drawdown (3Y)Largest decline over 3 years | -33.23% | -26.68% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -62.79% | -38.11% | -24.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -32.46% | -18.05% | -14.41% |
Average DrawdownAverage peak-to-trough decline | -25.68% | -36.69% | +11.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.69% | 6.43% | +10.26% |
Volatility
OGIG vs. UGA - Volatility Comparison
O’Shares Global Internet Giants ETF (OGIG) has a higher volatility of 9.72% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that OGIG'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
| OGIG | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 9.24% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.95% | 30.57% | -11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.82% | 35.22% | -12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.68% | 34.45% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 37.22% | -6.22% |
OGIG vs. UGA - Expense Ratio Comparison
OGIG has a 0.48% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
OGIG vs. UGA - Dividend Comparison
OGIG's dividend yield for the trailing twelve months is around 0.09%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OGIG O’Shares Global Internet Giants ETF | 0.09% | 0.07% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% |
Frequently Asked Questions
OGIG 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.
OGIG has higher volatility (9.72%) compared to UGA (9.24%). In terms of maximum drawdown, OGIG dropped -66.05% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -5.48% for OGIG. On fees, OGIG is cheaper at 0.48% 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 -5.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OGIG is cheaper with a 0.48% expense ratio, compared with 0.75% for UGA.
OGIG has the higher dividend yield at 0.09%, compared with 0.00% for UGA.
OGIG is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. OGIG tracks O’Shares Global Internet Giants Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: O'Shares Investments and Concierge Technologies. Their fees differ too: 0.48% for OGIG and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.73), 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.
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