RDVI vs. UGA

Last updated Jun 5, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 3 years, RDVI returned 19.39%/yr vs 20.80%/yr for UGA. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

RDVI vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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, RDVI achieves a 10.69% return, which is significantly lower than UGA's 70.69% return.

RDVI

• 1D: 1.15%
• 1M: 3.01%
• YTD: 10.69%
• 6M: 11.63%
• 1Y: 26.63%
• 3Y*: 19.39%
• 5Y*: —
• 10Y*: —

UGA

• 1D: -2.73%
• 1M: -12.25%
• YTD: 70.69%
• 6M: 59.72%
• 1Y: 79.48%
• 3Y*: 20.80%
• 5Y*: 24.41%
• 10Y*: 14.27%

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

RDVI vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	10.69%	17.93%	14.56%	18.63%	9.91%
UGA United States Gasoline Fund LP	70.69%	-2.00%	3.77%	1.27%	2.38%

Correlation

The correlation between RDVI and UGA is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.09

The correlation between RDVI and UGA shifts across timeframes, from -0.27 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RDVI vs. UGA — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 64
RDVI Sharpe Ratio Rank: 61
RDVI Sortino Ratio Rank: 63
RDVI Omega Ratio Rank: 60
RDVI Calmar Ratio Rank: 64
RDVI Martin Ratio Rank: 72

UGA

UGA Risk / Return Rank: 70
UGA Sharpe Ratio Rank: 71
UGA Sortino Ratio Rank: 58
UGA Omega Ratio Rank: 62
UGA Calmar Ratio Rank: 89
UGA Martin Ratio Rank: 70

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.

RDVI vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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.

	RDVI	UGA	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.27	-0.26
Sortino ratio: Return per unit of downside risk	2.90	2.71	+0.19
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.01
Calmar ratio: Return relative to maximum drawdown	3.15	5.37	-2.22
Martin ratio: Return relative to average drawdown	13.31	12.86	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVI vs. UGA - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 2.01, which is comparable to the UGA Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of RDVI 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.

Sharpe Ratios by Period

	RDVI	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.27	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.12	+1.09

Drawdowns

RDVI vs. UGA - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for RDVI and UGA.

Drawdown Indicators

	RDVI	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-86.59%	+68.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-14.88%	+6.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-26.68%	+8.33%
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	0.00%	-14.75%	+14.75%
Average Drawdown Average peak-to-trough decline	-3.17%	-36.76%	+33.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	6.20%	-4.19%

Volatility

RDVI vs. UGA - Volatility Comparison

The current volatility for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is 3.72%, while United States Gasoline Fund LP (UGA) has a volatility of 11.64%. This indicates that RDVI 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

	RDVI	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	11.64%	-7.92%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	30.48%	-19.94%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	35.27%	-21.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	34.40%	-17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	37.27%	-20.36%

RDVI vs. UGA - Expense Ratio Comparison

Both RDVI and UGA have an expense ratio of 0.75%.

Dividends

RDVI vs. UGA - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.85%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.85%	8.10%	8.62%	8.45%	1.53%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDVI and UGA in my portfolio?

RDVI and UGA have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVI or UGA?

UGA has higher volatility (11.64%) compared to RDVI (3.72%). In terms of maximum drawdown, RDVI dropped -18.35% vs UGA's -86.59%.

Which ETF is better, RDVI or UGA?

On 3-year performance, UGA leads with 20.80% vs 19.39% for RDVI. Both ETFs have the same 0.75% expense ratio. On volatility, RDVI has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or UGA?

Over the 3-year period, UGA has performed better with a 20.80% return vs 19.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or UGA?

RDVI and UGA have the same expense ratio: 0.75% per year.

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

RDVI has the higher dividend yield at 7.85%, compared with 0.00% for UGA.

What is the main difference between RDVI and UGA?

RDVI is categorized as Derivative Income, while UGA is Oil & Gas. RDVI tracks NASDAQ US Rising Dividend Achievers, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: FT Vest and Concierge Technologies.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (2.27 vs 2.01), 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.