TD vs. UGA
TD (The Toronto-Dominion Bank) is a stock, while UGA (United States Gasoline Fund, LP) is Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. Over the past 10 years, TD returned 15.53%/yr vs 18.03%/yr for UGA. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
TD vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TD achieves a 30.24% return, which is significantly lower than UGA's 91.06% return. Over the past 10 years, TD has underperformed UGA with an annualized return of 15.53%, while UGA has yielded a comparatively higher 18.03% annualized return.
TD
- 1D
- 0.13%
- 1M
- 1.19%
- 6M
- 30.15%
- YTD
- 30.24%
- 1Y
- 70.70%
- 3Y*
- 28.14%
- 5Y*
- 17.56%
- 10Y*
- 15.53%
- ALL TIME*
- 15.63%
UGA
- 1D
- -0.01%
- 1M
- 14.56%
- 6M
- 70.02%
- YTD
- 91.06%
- 1Y
- 88.12%
- 3Y*
- 17.55%
- 5Y*
- 25.78%
- 10Y*
- 18.03%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $282.42M | $388.32M | $277.26M | |
| $6.47M | $5.01M | $4.85M |
TD vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 30.24% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
UGA United States Gasoline Fund, LP | 91.06% | -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 have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
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.
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
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 | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.37 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 9.37 | 4.12 | +5.25 |
| Martin ratioReturn relative to average drawdown | 35.40 | 11.57 | +23.83 |
Loading charts...
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.
Loading charts...
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 | -3.91% | -5.63% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -36.53% | +25.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 7.26% | -5.28% |
Volatility
TD vs. UGA - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 7.00%, while United States Gasoline Fund, LP (UGA) has a volatility of 11.28%. 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.
Loading charts...
Volatility by Period
| TD | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 11.28% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 31.98% | -18.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 36.11% | -18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 34.60% | -14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 37.26% | -15.52% |
Dividends
TD vs. UGA - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.58%, 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 | 2.58% | 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 (11.28%) compared to TD (7.00%). In terms of maximum drawdown, TD dropped -64.18% vs UGA's -86.59%.
TD currently has the higher Sharpe Ratio (3.99 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.
Find the right allocation for TD 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