SEA vs. UGA
SEA (U.S. Global Sea to Sky Cargo ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - SEA is a Industrials Equities fund tracking the U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 3 years, SEA returned 18.48%/yr vs 17.85%/yr for UGA. At a 0.15 correlation, their price movements are largely independent. SEA charges 0.60%/yr vs 0.75%/yr for UGA.
Performance
SEA vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SEA achieves a 18.38% return, which is significantly lower than UGA's 59.54% return.
SEA
- 1D
- -1.11%
- 1M
- -3.09%
- YTD
- 18.38%
- 6M
- 17.18%
- 1Y
- 27.07%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -2.77%
- 1M
- -14.54%
- YTD
- 59.54%
- 6M
- 55.91%
- 1Y
- 62.68%
- 3Y*
- 17.85%
- 5Y*
- 22.22%
- 10Y*
- 13.99%
SEA vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SEA U.S. Global Sea to Sky Cargo ETF | 18.38% | 16.78% | 2.52% | 19.33% | -18.36% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 32.90% |
Correlation
The correlation between SEA and UGA is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.15 |
The correlation between SEA and UGA shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEA vs. UGA — Risk / Return Rank
SEA
UGA
SEA vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Sea to Sky Cargo ETF (SEA) 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.
| SEA | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.10 | -0.55 |
| Martin ratioReturn relative to average drawdown | 10.18 | 9.66 | +0.52 |
Loading charts...
Drawdowns
SEA vs. UGA - Drawdown Comparison
The maximum SEA drawdown since its inception was -39.53%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for SEA and UGA.
Loading charts...
Drawdown Indicators
| SEA | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.53% | -86.59% | +47.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -20.32% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -32.42% | -26.68% | -5.74% |
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 | -5.00% | -20.32% | +15.32% |
Average DrawdownAverage peak-to-trough decline | -14.16% | -36.69% | +22.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 6.51% | -3.84% |
Volatility
SEA vs. UGA - Volatility Comparison
The current volatility for U.S. Global Sea to Sky Cargo ETF (SEA) is 5.35%, while United States Gasoline Fund LP (UGA) has a volatility of 9.45%. This indicates that SEA 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.
Loading charts...
Volatility by Period
| SEA | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 9.45% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 30.74% | -18.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 34.84% | -18.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.64% | 34.47% | -12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 37.22% | -15.58% |
SEA vs. UGA - Expense Ratio Comparison
SEA has a 0.60% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
SEA vs. UGA - Dividend Comparison
SEA's dividend yield for the trailing twelve months is around 5.71%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SEA U.S. Global Sea to Sky Cargo ETF | 5.71% | 6.76% | 18.47% | 9.85% | 18.73% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEA and UGA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.45%) compared to SEA (5.35%). In terms of maximum drawdown, SEA dropped -39.53% vs UGA's -86.59%.
On 3-year performance, SEA leads with 18.48% vs 17.85% for UGA. On fees, SEA is cheaper at 0.60% per year. On volatility, SEA has been the lower-risk option at 5.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SEA has performed better with a 18.48% return vs 17.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SEA is cheaper with a 0.60% expense ratio, compared with 0.75% for UGA.
SEA has the higher dividend yield at 5.71%, compared with 0.00% for UGA.
SEA is categorized as Industrials Equities, while UGA is Oil & Gas. SEA tracks U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: US Global and Concierge Technologies. Their fees differ too: 0.60% for SEA and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs 1.64), 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.
Find the right allocation for SEA and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer