TDIV vs. UGA
TDIV (First Trust NASDAQ Technology Dividend Index Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, TDIV returned 18.56%/yr vs 14.31%/yr for UGA. At a 0.19 correlation, their price movements are largely independent. TDIV charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
TDIV vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV achieves a 19.03% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, TDIV has outperformed UGA with an annualized return of 18.56%, while UGA has yielded a comparatively lower 14.31% annualized return.
TDIV
- 1D
- -2.33%
- 1M
- -0.89%
- YTD
- 19.03%
- 6M
- 18.00%
- 1Y
- 33.98%
- 3Y*
- 28.59%
- 5Y*
- 17.24%
- 10Y*
- 18.56%
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%
TDIV vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 19.03% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 17.55% | 33.27% | -3.18% | 21.95% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between TDIV 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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012 | 0.19 |
The correlation between TDIV and UGA shifts across timeframes, from -0.12 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV vs. UGA — Risk / Return Rank
TDIV
UGA
TDIV vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) 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.
| TDIV | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.17 | -0.16 |
| Martin ratioReturn relative to average drawdown | 8.56 | 9.39 | -0.84 |
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Drawdowns
TDIV vs. UGA - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for TDIV and UGA.
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Drawdown Indicators
| TDIV | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -86.59% | +54.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -18.96% | +7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -26.68% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -38.11% | +6.14% |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | -75.89% | +43.92% |
Current DrawdownCurrent decline from peak | -10.47% | -18.05% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -36.69% | +31.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 6.43% | -2.45% |
Volatility
TDIV vs. UGA - Volatility Comparison
First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 10.50% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that TDIV'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.
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Volatility by Period
| TDIV | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.50% | 9.24% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 30.57% | -14.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 35.22% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.97% | 34.45% | -13.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 37.22% | -16.26% |
TDIV vs. UGA - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
TDIV vs. UGA - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.22%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.22% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
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
TDIV 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.
TDIV has higher volatility (10.50%) compared to UGA (9.24%). In terms of maximum drawdown, TDIV dropped -31.97% vs UGA's -86.59%.
On 10-year performance, TDIV leads with 18.56% vs 14.31% for UGA. On fees, TDIV is cheaper at 0.50% 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 10-year period, TDIV has performed better with a 18.56% return vs 14.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDIV is cheaper with a 0.50% expense ratio, compared with 0.75% for UGA.
TDIV has the higher dividend yield at 1.22%, compared with 0.00% for UGA.
TDIV is categorized as Technology Equities, while UGA is Oil & Gas. TDIV tracks NASDAQ Technology Dividend Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.50% for TDIV and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs 1.71), 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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