TDVI vs. UGA

Last updated Jun 24, 2026

TDVI (FT Vest Technology Dividend Target Income ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - TDVI is a Derivative Income fund actively managed by First Trust, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. TDVI is actively managed, while UGA is passively managed. Over the past year, TDVI returned 32.62% vs 59.74% for UGA. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

TDVI vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Technology Dividend Target Income ETF (TDVI) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDVI achieves a 18.72% return, which is significantly lower than UGA's 64.09% return.

TDVI

• 1D: -2.42%
• 1M: -1.18%
• YTD: 18.72%
• 6M: 17.79%
• 1Y: 32.62%
• 3Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDVI vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TDVI FT Vest Technology Dividend Target Income ETF	18.72%	24.75%	22.84%	9.95%
UGA United States Gasoline Fund LP	64.09%	-2.00%	3.77%	-18.11%

Correlation

The correlation between TDVI 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 (All Time) Calculated using the full available price history since Aug 10, 2023	-0.02

Return for Risk

TDVI vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TDVI

TDVI Risk / Return Rank: 53
TDVI Sharpe Ratio Rank: 51
TDVI Sortino Ratio Rank: 47
TDVI Omega Ratio Rank: 50
TDVI Calmar Ratio Rank: 62
TDVI Martin Ratio Rank: 54

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDVI vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Technology Dividend Target Income ETF (TDVI) 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.

	TDVI	UGA	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.73	-0.03
Sortino ratio: Return per unit of downside risk	2.27	2.25	+0.02
Omega ratio: Gain probability vs. loss probability	1.30	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.94	3.17	-0.23
Martin ratio: Return relative to average drawdown	8.91	9.39	-0.48

TDVI vs. UGA - Sharpe Ratio Comparison

The current TDVI Sharpe Ratio is 1.70, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of TDVI and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TDVI vs. UGA - Drawdown Comparison

The maximum TDVI drawdown since its inception was -22.08%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for TDVI and UGA.

Drawdown Indicators

	TDVI	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-86.59%	+64.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.16%	-18.96%	+7.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-10.40%	-18.05%	+7.65%
Average Drawdown Average peak-to-trough decline	-3.09%	-36.69%	+33.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	6.43%	-2.76%

Volatility

TDVI vs. UGA - Volatility Comparison

FT Vest Technology Dividend Target Income ETF (TDVI) has a higher volatility of 10.46% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that TDVI'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.

Volatility by Period

	TDVI	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	9.24%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	15.25%	30.57%	-15.32%
Volatility (1Y) Calculated over the trailing 1-year period	19.33%	35.22%	-15.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.07%	34.45%	-14.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.07%	37.22%	-17.15%

TDVI vs. UGA - Expense Ratio Comparison

Both TDVI and UGA have an expense ratio of 0.75%.

Dividends

TDVI vs. UGA - Dividend Comparison

TDVI's dividend yield for the trailing twelve months is around 7.03%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
TDVI FT Vest Technology Dividend Target Income ETF	7.03%	7.53%	7.90%	3.04%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDVI and UGA in my portfolio?

TDVI 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.

Which is riskier, TDVI or UGA?

TDVI has higher volatility (10.46%) compared to UGA (9.24%). In terms of maximum drawdown, TDVI dropped -22.08% vs UGA's -86.59%.

Which ETF is better, TDVI or UGA?

On 1-year performance, UGA leads with 59.74% vs 32.62% for TDVI. Both ETFs have the same 0.75% expense ratio. 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.

Which ETF has performed better, TDVI or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 32.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVI or UGA?

TDVI and UGA have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, TDVI or UGA?

TDVI has the higher dividend yield at 7.03%, compared with 0.00% for UGA.

What is the main difference between TDVI and UGA?

TDVI is categorized as Derivative Income, while UGA is Oil & Gas. They also come from different issuers: First Trust and Concierge Technologies.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (1.73 vs 1.70), 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.