RSST vs. UGA

Last updated Jun 24, 2026

RSST (Return Stacked U.S. Stocks & Managed Futures ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - RSST is a Large Cap Blend Equities fund actively managed by Return Stacked, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. RSST is actively managed, while UGA is passively managed. Over the past year, RSST returned 46.58% vs 59.74% for UGA. At a 0.02 correlation, their price movements are largely independent. RSST charges 0.99%/yr vs 0.75%/yr for UGA.

Performance

RSST vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked U.S. Stocks & Managed Futures ETF (RSST) 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, RSST achieves a 13.30% return, which is significantly lower than UGA's 64.09% return.

RSST

• 1D: -2.52%
• 1M: -4.55%
• YTD: 13.30%
• 6M: 11.00%
• 1Y: 46.58%
• 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)

RSST vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSST Return Stacked U.S. Stocks & Managed Futures ETF	13.30%	19.91%	18.37%	1.58%
UGA United States Gasoline Fund LP	64.09%	-2.00%	3.77%	-14.55%

Correlation

The correlation between RSST and UGA is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023	0.02

Return for Risk

RSST vs. UGA — Risk / Return Rank

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

RSST

RSST Risk / Return Rank: 65
RSST Sharpe Ratio Rank: 63
RSST Sortino Ratio Rank: 51
RSST Omega Ratio Rank: 57
RSST Calmar Ratio Rank: 80
RSST Martin Ratio Rank: 72

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.

RSST vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked U.S. Stocks & Managed Futures ETF (RSST) 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.

	RSST	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.73	+0.25
Sortino ratio: Return per unit of downside risk	2.39	2.25	+0.15
Omega ratio: Gain probability vs. loss probability	1.34	1.30	+0.04
Calmar ratio: Return relative to maximum drawdown	4.00	3.17	+0.83
Martin ratio: Return relative to average drawdown	12.94	9.39	+3.55

RSST vs. UGA - Sharpe Ratio Comparison

The current RSST Sharpe Ratio is 1.98, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of RSST 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

RSST vs. UGA - Drawdown Comparison

The maximum RSST drawdown since its inception was -30.80%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for RSST and UGA.

Drawdown Indicators

	RSST	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-30.80%	-86.59%	+55.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-18.96%	+7.25%
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	-7.59%	-18.05%	+10.46%
Average Drawdown Average peak-to-trough decline	-6.02%	-36.69%	+30.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	6.43%	-2.82%

Volatility

RSST vs. UGA - Volatility Comparison

Return Stacked U.S. Stocks & Managed Futures ETF (RSST) and United States Gasoline Fund LP (UGA) have volatilities of 9.44% and 9.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSST	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	9.24%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	17.32%	30.57%	-13.25%
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	35.22%	-11.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.50%	34.45%	-9.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.50%	37.22%	-12.72%

RSST vs. UGA - Expense Ratio Comparison

RSST has a 0.99% expense ratio, which is higher than UGA's 0.75% expense ratio.

Dividends

RSST vs. UGA - Dividend Comparison

RSST's dividend yield for the trailing twelve months is around 0.99%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.99%	1.12%	0.09%	0.93%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSST and UGA in my portfolio?

RSST and UGA have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSST or UGA?

RSST has higher volatility (9.44%) compared to UGA (9.24%). In terms of maximum drawdown, RSST dropped -30.80% vs UGA's -86.59%.

Which ETF is better, RSST or UGA?

On 1-year performance, UGA leads with 59.74% vs 46.58% for RSST. On fees, UGA is cheaper at 0.75% 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.

Which ETF has performed better, RSST or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 46.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSST or UGA?

UGA is cheaper with a 0.75% expense ratio, compared with 0.99% for RSST.

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

RSST has the higher dividend yield at 0.99%, compared with 0.00% for UGA.

What is the main difference between RSST and UGA?

RSST is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. They also come from different issuers: Return Stacked and Concierge Technologies. Their fees differ too: 0.99% for RSST and 0.75% for UGA.

Which has better risk-adjusted returns?

RSST currently has the higher Sharpe Ratio (1.98 vs 1.73), 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.