SAMT vs. UGA
SAMT (Strategas Macro Thematic Opportunities ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - SAMT is a Large Cap Blend Equities fund actively managed by Strategas, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. SAMT is actively managed, while UGA is passively managed. Over the past 3 years, SAMT returned 28.84%/yr vs 22.21%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. SAMT charges 0.66%/yr vs 0.75%/yr for UGA.
Performance
SAMT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, SAMT achieves a 20.25% return, which is significantly lower than UGA's 75.49% return.
SAMT
- 1D
- -0.66%
- 1M
- 6.66%
- YTD
- 20.25%
- 6M
- 23.92%
- 1Y
- 42.07%
- 3Y*
- 28.84%
- 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%
SAMT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SAMT Strategas Macro Thematic Opportunities ETF | 20.25% | 33.10% | 28.15% | 1.27% | -6.59% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 32.41% |
Correlation
The correlation between SAMT and UGA is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.11 |
The correlation between SAMT and UGA shifts across timeframes, from -0.15 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAMT vs. UGA — Risk / Return Rank
SAMT
UGA
SAMT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Thematic Opportunities ETF (SAMT) 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.
| SAMT | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | 5.47 | -0.28 |
| Martin ratioReturn relative to average drawdown | 14.30 | 13.25 | +1.06 |
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
| SAMT | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.32 | +0.22 |
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 | 0.98 | 0.12 | +0.86 |
Drawdowns
SAMT vs. UGA - Drawdown Comparison
The maximum SAMT drawdown since its inception was -20.57%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for SAMT and UGA.
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Drawdown Indicators
| SAMT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.57% | -86.59% | +66.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -14.88% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.27% | -26.68% | +8.41% |
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 | -0.66% | -12.35% | +11.69% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -36.76% | +29.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 6.13% | -3.18% |
Volatility
SAMT vs. UGA - Volatility Comparison
The current volatility for Strategas Macro Thematic Opportunities ETF (SAMT) is 6.82%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that SAMT 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
| SAMT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 11.66% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 30.41% | -17.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 35.14% | -18.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 34.38% | -17.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 37.27% | -20.33% |
SAMT vs. UGA - Expense Ratio Comparison
SAMT has a 0.66% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
SAMT vs. UGA - Dividend Comparison
SAMT's dividend yield for the trailing twelve months is around 0.58%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SAMT Strategas Macro Thematic Opportunities ETF | 0.58% | 0.70% | 1.40% | 1.49% | 0.73% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAMT and UGA have a correlation of -0.15, 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 SAMT (6.82%). In terms of maximum drawdown, SAMT dropped -20.57% vs UGA's -86.59%.
On 3-year performance, SAMT leads with 28.84% vs 22.21% for UGA. On fees, SAMT is cheaper at 0.66% per year. On volatility, SAMT has been the lower-risk option at 6.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SAMT has performed better with a 28.84% return vs 22.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SAMT is cheaper with a 0.66% expense ratio, compared with 0.75% for UGA.
SAMT has the higher dividend yield at 0.58%, compared with 0.00% for UGA.
SAMT is categorized as Large Cap Blend Equities, while UGA is Oil & Gas. They also come from different issuers: Strategas and Concierge Technologies. Their fees differ too: 0.66% for SAMT and 0.75% for UGA.
SAMT currently has the higher Sharpe Ratio (2.53 vs 2.32), 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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