PSCT vs. UGA
PSCT (Invesco S&P SmallCap Information Technology ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - PSCT is a Technology Equities fund tracking the S&P SmallCap 600 Information Technology Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, PSCT returned 16.70%/yr vs 13.99%/yr for UGA. At a 0.20 correlation, their price movements are largely independent. PSCT charges 0.29%/yr vs 0.75%/yr for UGA.
Performance
PSCT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, PSCT achieves a 48.96% return, which is significantly lower than UGA's 59.54% return. Over the past 10 years, PSCT has outperformed UGA with an annualized return of 16.70%, while UGA has yielded a comparatively lower 13.99% annualized return.
PSCT
- 1D
- -0.53%
- 1M
- 1.34%
- YTD
- 48.96%
- 6M
- 44.40%
- 1Y
- 84.12%
- 3Y*
- 22.13%
- 5Y*
- 12.21%
- 10Y*
- 16.70%
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%
PSCT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCT Invesco S&P SmallCap Information Technology ETF | 48.96% | 18.63% | -1.06% | 20.81% | -22.50% | 26.26% | 27.79% | 39.38% | -9.34% | 9.96% |
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 PSCT and UGA is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.20 |
The correlation between PSCT and UGA shifts across timeframes, from -0.16 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCT vs. UGA — Risk / Return Rank
PSCT
UGA
PSCT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Information Technology ETF (PSCT) 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.
| PSCT | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 3.10 | +2.61 |
| Martin ratioReturn relative to average drawdown | 23.11 | 9.66 | +13.45 |
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Drawdowns
PSCT vs. UGA - Drawdown Comparison
The maximum PSCT drawdown since its inception was -40.44%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for PSCT and UGA.
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Drawdown Indicators
| PSCT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.44% | -86.59% | +46.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.80% | -20.32% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -33.96% | -26.68% | -7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -34.80% | -38.11% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | -75.89% | +35.45% |
Current DrawdownCurrent decline from peak | -4.53% | -20.32% | +15.79% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -36.69% | +28.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 6.51% | -2.86% |
Volatility
PSCT vs. UGA - Volatility Comparison
Invesco S&P SmallCap Information Technology ETF (PSCT) has a higher volatility of 13.58% compared to United States Gasoline Fund LP (UGA) at 9.45%. This indicates that PSCT'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
| PSCT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 9.45% | +4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 30.74% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.64% | 34.84% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 34.47% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 37.22% | -10.34% |
PSCT vs. UGA - Expense Ratio Comparison
PSCT has a 0.29% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
PSCT vs. UGA - Dividend Comparison
Neither PSCT nor UGA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCT Invesco S&P SmallCap Information Technology ETF | 0.00% | 0.02% | 0.01% | 0.02% | 0.00% | 0.01% | 0.08% | 0.22% | 0.47% | 0.19% | 0.25% | 0.15% |
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
PSCT and UGA have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCT has higher volatility (13.58%) compared to UGA (9.45%). In terms of maximum drawdown, PSCT dropped -40.44% vs UGA's -86.59%.
On 10-year performance, PSCT leads with 16.70% vs 13.99% for UGA. On fees, PSCT is cheaper at 0.29% per year. On volatility, UGA has been the lower-risk option at 9.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PSCT has performed better with a 16.70% return vs 13.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCT is cheaper with a 0.29% expense ratio, compared with 0.75% for UGA.
PSCT and UGA have nearly identical dividend yields, around 0.00%.
PSCT is categorized as Technology Equities, while UGA is Oil & Gas. PSCT tracks S&P SmallCap 600 Information Technology Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Invesco and Concierge Technologies. Their fees differ too: 0.29% for PSCT and 0.75% for UGA.
PSCT currently has the higher Sharpe Ratio (2.68 vs 1.82), 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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