RSPA vs. UGA
RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past year, RSPA returned 18.38% vs 80.94% for UGA. At a correlation of -0.04, they often move in opposite directions. RSPA charges 0.29%/yr vs 0.75%/yr for UGA.
Performance
RSPA vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, RSPA achieves a 7.86% return, which is significantly lower than UGA's 75.49% return.
RSPA
- 1D
- -0.28%
- 1M
- 2.86%
- YTD
- 7.86%
- 6M
- 8.49%
- 1Y
- 18.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
RSPA vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 7.86% | 11.07% | 3.68% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | -6.89% |
Correlation
The correlation between RSPA and UGA is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.04 |
The correlation between RSPA and UGA shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPA vs. UGA — Risk / Return Rank
RSPA
UGA
RSPA vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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.
| RSPA | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 5.47 | -2.49 |
| Martin ratioReturn relative to average drawdown | 11.88 | 13.25 | -1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RSPA | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.32 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.12 | +0.83 |
Drawdowns
RSPA vs. UGA - Drawdown Comparison
The maximum RSPA drawdown since its inception was -15.37%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for RSPA and UGA.
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Drawdown Indicators
| RSPA | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.37% | -86.59% | +71.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.21% | -14.88% | +8.67% |
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 DrawdownCurrent decline from peak | -0.28% | -12.35% | +12.07% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -36.76% | +34.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 6.13% | -4.58% |
Volatility
RSPA vs. UGA - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is 1.95%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that RSPA 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.
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Volatility by Period
| RSPA | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 11.66% | -9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 30.41% | -23.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 35.14% | -25.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 34.38% | -21.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 37.27% | -24.27% |
RSPA vs. UGA - Expense Ratio Comparison
RSPA has a 0.29% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
RSPA vs. UGA - Dividend Comparison
RSPA's dividend yield for the trailing twelve months is around 8.98%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 8.98% | 9.14% | 4.03% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPA and UGA have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to RSPA (1.95%). In terms of maximum drawdown, RSPA dropped -15.37% vs UGA's -86.59%.
On 1-year performance, UGA leads with 80.94% vs 18.38% for RSPA. On fees, RSPA is cheaper at 0.29% per year. On volatility, RSPA has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UGA has performed better with a 80.94% return vs 18.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPA is cheaper with a 0.29% expense ratio, compared with 0.75% for UGA.
RSPA has the higher dividend yield at 8.98%, compared with 0.00% for UGA.
RSPA is categorized as S&P 500, while UGA is Oil & Gas. RSPA tracks S&P 500 Equal Weight 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 RSPA and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 vs 1.98), 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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