TCHI vs. UGA
TCHI (iShares MSCI China Multisector Tech ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - TCHI is a Technology Equities fund tracking the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 3 years, TCHI returned 17.20%/yr vs 17.85%/yr for UGA. At a 0.05 correlation, their price movements are largely independent. TCHI charges 0.59%/yr vs 0.75%/yr for UGA.
Performance
TCHI vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, TCHI achieves a 9.91% return, which is significantly lower than UGA's 59.54% return.
TCHI
- 1D
- 1.13%
- 1M
- 4.24%
- YTD
- 9.91%
- 6M
- 9.23%
- 1Y
- 33.79%
- 3Y*
- 17.20%
- 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%
TCHI vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 9.91% | 33.13% | 9.09% | -5.61% | -24.30% |
UGA United States Gasoline Fund LP | 59.54% | -2.00% | 3.77% | 1.27% | 27.07% |
Correlation
The correlation between TCHI and UGA is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.05 |
The correlation between TCHI and UGA shifts across timeframes, from -0.12 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TCHI vs. UGA — Risk / Return Rank
TCHI
UGA
TCHI vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) 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.
| TCHI | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 3.10 | -1.46 |
| Martin ratioReturn relative to average drawdown | 3.57 | 9.66 | -6.09 |
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Drawdowns
TCHI vs. UGA - Drawdown Comparison
The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for TCHI and UGA.
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Drawdown Indicators
| TCHI | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.96% | -86.59% | +42.63% |
Max Drawdown (1Y)Largest decline over 1 year | -20.73% | -20.32% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.78% | -26.68% | -1.10% |
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 | -3.84% | -20.32% | +16.48% |
Average DrawdownAverage peak-to-trough decline | -21.27% | -36.69% | +15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 6.51% | +2.97% |
Volatility
TCHI vs. UGA - Volatility Comparison
iShares MSCI China Multisector Tech ETF (TCHI) and United States Gasoline Fund LP (UGA) have volatilities of 9.36% and 9.45%, 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.
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Volatility by Period
| TCHI | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 9.45% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 30.74% | -11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.48% | 34.84% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.85% | 34.47% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.85% | 37.22% | -2.37% |
TCHI vs. UGA - Expense Ratio Comparison
TCHI has a 0.59% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
TCHI vs. UGA - Dividend Comparison
TCHI's dividend yield for the trailing twelve months is around 2.11%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 2.11% | 2.44% | 2.49% | 4.28% | 1.07% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCHI and UGA have a correlation of -0.12, 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 TCHI (9.36%). In terms of maximum drawdown, TCHI dropped -43.96% vs UGA's -86.59%.
On 3-year performance, UGA leads with 17.85% vs 17.20% for TCHI. On fees, TCHI is cheaper at 0.59% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UGA has performed better with a 17.85% return vs 17.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TCHI is cheaper with a 0.59% expense ratio, compared with 0.75% for UGA.
TCHI has the higher dividend yield at 2.11%, compared with 0.00% for UGA.
TCHI is categorized as Technology Equities, while UGA is Oil & Gas. TCHI tracks MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.59% for TCHI and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.82 vs 1.29), 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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