SHOC vs. UGA
SHOC (Strive U.S. Semiconductor ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select 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, SHOC returned 52.16%/yr vs 18.95%/yr for UGA. At a 0.03 correlation, their price movements are largely independent. SHOC charges 0.40%/yr vs 0.75%/yr for UGA.
Performance
SHOC vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHOC achieves a 68.19% return, which is significantly higher than UGA's 64.09% return.
SHOC
- 1D
- -7.43%
- 1M
- 7.16%
- YTD
- 68.19%
- 6M
- 66.31%
- 1Y
- 131.94%
- 3Y*
- 52.16%
- 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%
SHOC vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 68.19% | 49.91% | 16.74% | 61.97% | -1.79% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 1.39% |
Correlation
The correlation between SHOC and UGA is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | 0.03 |
The correlation between SHOC and UGA shifts across timeframes, from -0.14 (1 year) to 0.03 (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
SHOC vs. UGA — Risk / Return Rank
SHOC
UGA
SHOC vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.
| SHOC | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.30 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 9.09 | 3.17 | +5.93 |
| Martin ratioReturn relative to average drawdown | 31.95 | 9.39 | +22.56 |
Loading charts...
Drawdowns
SHOC vs. UGA - Drawdown Comparison
The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for SHOC and UGA.
Loading charts...
Drawdown Indicators
| SHOC | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.54% | -86.59% | +49.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -18.96% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -37.54% | -26.68% | -10.86% |
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 | -7.43% | -18.05% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -36.69% | +29.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 6.43% | -2.28% |
Volatility
SHOC vs. UGA - Volatility Comparison
Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 19.00% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that SHOC's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHOC | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.00% | 9.24% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 29.24% | 30.57% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.72% | 35.22% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.06% | 34.45% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.06% | 37.22% | -1.16% |
SHOC vs. UGA - Expense Ratio Comparison
SHOC has a 0.40% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
SHOC vs. UGA - Dividend Comparison
SHOC's dividend yield for the trailing twelve months is around 0.14%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 0.14% | 0.23% | 0.35% | 0.65% | 0.24% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHOC and UGA have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOC has higher volatility (19.00%) compared to UGA (9.24%). In terms of maximum drawdown, SHOC dropped -37.54% vs UGA's -86.59%.
On 3-year performance, SHOC leads with 52.16% vs 18.95% for UGA. On fees, SHOC is cheaper at 0.40% 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.
Over the 3-year period, SHOC has performed better with a 52.16% return vs 18.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHOC is cheaper with a 0.40% expense ratio, compared with 0.75% for UGA.
SHOC has the higher dividend yield at 0.14%, compared with 0.00% for UGA.
SHOC is categorized as Semiconductors, while UGA is Oil & Gas. SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Strive and Concierge Technologies. Their fees differ too: 0.40% for SHOC and 0.75% for UGA.
SHOC currently has the higher Sharpe Ratio (3.72 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.
Find the right allocation for SHOC 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