RDTY vs. UGA

Last updated Jun 24, 2026

RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - RDTY is a Derivative Income fund actively managed by YieldMax, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. RDTY is actively managed, while UGA is passively managed. Over the past year, RDTY returned 26.30% vs 59.74% for UGA. At a correlation of -0.09, they often move in opposite directions. RDTY charges 1.01%/yr vs 0.75%/yr for UGA.

Performance

RDTY vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) 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, RDTY achieves a 17.09% return, which is significantly lower than UGA's 64.09% return.

RDTY

• 1D: -0.85%
• 1M: 4.49%
• YTD: 17.09%
• 6M: 14.85%
• 1Y: 26.30%
• 3Y*: —
• 5Y*: —
• 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%

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

RDTY vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	17.09%	10.93%
UGA United States Gasoline Fund LP	64.09%	3.21%

Correlation

The correlation between RDTY and UGA is -0.21, 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	-0.21
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	-0.09

The correlation between RDTY and UGA shifts across timeframes, from -0.21 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RDTY vs. UGA — Risk / Return Rank

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

RDTY

RDTY Risk / Return Rank: 50
RDTY Sharpe Ratio Rank: 46
RDTY Sortino Ratio Rank: 45
RDTY Omega Ratio Rank: 42
RDTY Calmar Ratio Rank: 62
RDTY Martin Ratio Rank: 58

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

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.

RDTY vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) 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.

	RDTY	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.73	-0.22
Sortino ratio: Return per unit of downside risk	2.13	2.25	-0.12
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	2.87	3.17	-0.30
Martin ratio: Return relative to average drawdown	9.60	9.39	+0.21

RDTY vs. UGA - Sharpe Ratio Comparison

The current RDTY Sharpe Ratio is 1.51, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of RDTY and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDTY vs. UGA - Drawdown Comparison

The maximum RDTY drawdown since its inception was -17.31%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for RDTY and UGA.

Drawdown Indicators

	RDTY	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-86.59%	+69.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-18.96%	+9.76%
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	-0.85%	-18.05%	+17.20%
Average Drawdown Average peak-to-trough decline	-2.68%	-36.69%	+34.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	6.43%	-3.69%

Volatility

RDTY vs. UGA - Volatility Comparison

The current volatility for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) is 5.80%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that RDTY 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.

Volatility by Period

	RDTY	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	9.24%	-3.44%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	30.57%	-17.40%
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	35.22%	-17.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	34.45%	-12.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.06%	37.22%	-15.16%

RDTY vs. UGA - Expense Ratio Comparison

RDTY has a 1.01% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

RDTY vs. UGA - Dividend Comparison

RDTY's dividend yield for the trailing twelve months is around 42.29%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	42.29%	36.75%
UGA United States Gasoline Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDTY and UGA in my portfolio?

RDTY and UGA have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTY or UGA?

UGA has higher volatility (9.24%) compared to RDTY (5.80%). In terms of maximum drawdown, RDTY dropped -17.31% vs UGA's -86.59%.

Which ETF is better, RDTY or UGA?

On 1-year performance, UGA leads with 59.74% vs 26.30% for RDTY. On fees, UGA is cheaper at 0.75% per year. On volatility, RDTY has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTY or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 26.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTY or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 1.01% for RDTY.

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

RDTY has the higher dividend yield at 42.29%, compared with 0.00% for UGA.

What is the main difference between RDTY and UGA?

RDTY is categorized as Derivative Income, while UGA is Oil & Gas. They also come from different issuers: YieldMax and Concierge Technologies. Their fees differ too: 1.01% for RDTY and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.73 vs 1.51), 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.