UDIV vs. UGA
UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. Both are passively managed. Over the past 10 years, UDIV returned 11.93%/yr vs 16.28%/yr for UGA. Their 0.17 correlation means their historical movements had little consistent relationship. UDIV charges 0.06%/yr vs 1.02%/yr for UGA.
Performance
UDIV vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, UDIV achieves a 17.30% return, which is significantly lower than UGA's 72.77% return. Over the past 10 years, UDIV has underperformed UGA with an annualized return of 11.93%, while UGA has yielded a comparatively higher 16.28% annualized return.
UDIV
- 1D
- -0.35%
- 1M
- 2.68%
- 6M
- 14.98%
- YTD
- 17.30%
- 1Y
- 27.94%
- 3Y*
- 23.62%
- 5Y*
- 14.48%
- 10Y*
- 11.93%
- ALL TIME*
- 12.05%
UGA
- 1D
- -0.56%
- 1M
- 0.07%
- 6M
- 54.03%
- YTD
- 72.77%
- 1Y
- 71.49%
- 3Y*
- 14.87%
- 5Y*
- 24.07%
- 10Y*
- 16.28%
- ALL TIME*
- 4.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $549.67K | $449.36K | $940.68K | |
| $8.67M | $6.11M | $4.99M |
UDIV vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 17.30% | 19.00% | 25.61% | 25.21% | -15.00% | 19.66% | 5.54% | 24.60% | -8.83% | 17.44% |
UGA United States Gasoline Fund, LP | 72.77% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between UDIV and UGA is -0.23, 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. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016 | 0.17 |
The correlation between UDIV and UGA shifts across timeframes, from -0.23 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UDIV vs. UGA — Risk / Return Rank
UDIV
UGA
UDIV vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) 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.
| UDIV | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.54 | -0.21 |
| Martin ratioReturn relative to average drawdown | 13.66 | 9.75 | +3.91 |
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Drawdowns
UDIV vs. UGA - Drawdown Comparison
The maximum UDIV drawdown since its inception was -35.21%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for UDIV and UGA.
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Drawdown Indicators
| UDIV | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -86.59% | +51.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -20.32% | +11.88% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -26.68% | +7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -38.11% | +14.93% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -75.89% | +40.68% |
Current DrawdownCurrent decline from peak | -0.35% | -14.67% | +14.32% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -36.52% | +31.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 7.36% | -5.31% |
Volatility
UDIV vs. UGA - Volatility Comparison
The current volatility for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) is 4.45%, while United States Gasoline Fund, LP (UGA) has a volatility of 13.00%. This indicates that UDIV 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
| UDIV | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 13.00% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 32.16% | -21.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 36.60% | -23.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 34.71% | -19.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 37.31% | -21.12% |
UDIV vs. UGA - Expense Ratio Comparison
UDIV has a 0.06% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
UDIV vs. UGA - Dividend Comparison
UDIV's dividend yield for the trailing twelve months is around 1.44%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 1.44% | 1.53% | 2.05% | 1.91% | 3.20% | 2.97% | 2.90% | 3.40% | 3.74% | 3.47% | 1.63% |
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% |
Frequently Asked Questions
UDIV and UGA have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (13.00%) compared to UDIV (4.45%). In terms of maximum drawdown, UDIV dropped -35.21% vs UGA's -86.59%.
On 10-year performance, UGA leads with 16.28% vs 11.93% for UDIV. On fees, UDIV is cheaper at 0.06% per year. On volatility, UDIV has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGA has performed better with a 16.28% return vs 11.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UDIV is cheaper with a 0.06% expense ratio, compared with 1.02% for UGA.
UDIV has the higher dividend yield at 1.44%, compared with 0.00% for UGA.
UDIV is categorized as Dividend, while UGA is Oil & Gas. UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while UGA tracks Near-Month NYMEX RBOB Gasoline Futures Contract. They also come from different issuers: Franklin Templeton and USCF. Their fees differ too: 0.06% for UDIV and 1.02% for UGA.
UDIV currently has the higher Sharpe Ratio (2.15 vs 1.96), 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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