TD vs. UGA
TD (The Toronto-Dominion Bank) is a stock, while UGA (United States Gasoline Fund LP) is Oil & Gas fund tracking the Front Month Unleaded Gasoline. Over the past 10 years, TD returned 15.35%/yr vs 16.39%/yr for UGA. At a 0.28 correlation, their price movements are largely independent.
Performance
TD vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 31.01% return, which is significantly lower than UGA's 81.31% return. Over the past 10 years, TD has underperformed UGA with an annualized return of 15.35%, while UGA has yielded a comparatively higher 16.39% annualized return.
TD
- 1D
- 0.08%
- 1M
- 3.50%
- 6M
- 30.04%
- YTD
- 31.01%
- 1Y
- 69.26%
- 3Y*
- 29.63%
- 5Y*
- 17.26%
- 10Y*
- 15.35%
UGA
- 1D
- 5.54%
- 1M
- 6.45%
- 6M
- 72.85%
- YTD
- 81.31%
- 1Y
- 75.34%
- 3Y*
- 19.85%
- 5Y*
- 25.10%
- 10Y*
- 16.39%
TD vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 31.01% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
UGA United States Gasoline Fund LP | 81.31% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between TD 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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2008 | 0.28 |
The correlation between TD and UGA shifts across timeframes, from -0.14 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TD vs. UGA — Risk / Return Rank
TD
UGA
TD vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) 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.
| TD | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.34 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 9.28 | 3.73 | +5.55 |
| Martin ratioReturn relative to average drawdown | 35.93 | 10.39 | +25.53 |
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Drawdowns
TD vs. UGA - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for TD and UGA.
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Drawdown Indicators
| TD | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -86.59% | +22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -20.32% | +12.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -26.68% | +7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -38.11% | +7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -75.89% | +33.91% |
Current DrawdownCurrent decline from peak | -0.67% | -9.45% | +8.78% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -36.63% | +25.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 7.28% | -5.35% |
Volatility
TD vs. UGA - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 4.93%, while United States Gasoline Fund LP (UGA) has a volatility of 11.49%. This indicates that TD 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
| TD | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 11.49% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 31.60% | -18.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 35.78% | -18.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 34.66% | -14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 37.23% | -15.54% |
Dividends
TD vs. UGA - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.57%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 2.57% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TD 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.
UGA has higher volatility (11.49%) compared to TD (4.93%). In terms of maximum drawdown, TD dropped -64.18% vs UGA's -86.59%.
TD currently has the higher Sharpe Ratio (4.10 vs 2.12), 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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