UFO vs. UGA
UFO (Procure Space ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, UFO returned 15.60%/yr vs 25.10%/yr for UGA. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
UFO vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UFO achieves a 49.39% return, which is significantly lower than UGA's 75.49% return.
UFO
- 1D
- -5.68%
- 1M
- 12.53%
- YTD
- 49.39%
- 6M
- 71.06%
- 1Y
- 135.88%
- 3Y*
- 46.01%
- 5Y*
- 15.60%
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
UFO vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 49.39% | 67.36% | 27.22% | -2.34% | -25.85% | 7.17% | -2.15% | 5.34% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 1.77% |
Correlation
The correlation between UFO and UGA is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.14 |
The correlation between UFO and UGA shifts across timeframes, from -0.13 (1 year) to 0.14 (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
UFO vs. UGA — Risk / Return Rank
UFO
UGA
UFO vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) 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.
| UFO | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 5.47 | +0.76 |
| Martin ratioReturn relative to average drawdown | 20.29 | 13.25 | +7.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UFO | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.59 | 2.32 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.73 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.12 | +0.34 |
Drawdowns
UFO vs. UGA - Drawdown Comparison
The maximum UFO drawdown since its inception was -50.33%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for UFO and UGA.
Loading charts...
Drawdown Indicators
| UFO | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.33% | -86.59% | +36.26% |
Max Drawdown (1Y)Largest decline over 1 year | -21.95% | -14.88% | -7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -25.91% | -26.68% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.33% | -38.11% | -12.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -14.84% | -12.35% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -21.82% | -36.76% | +14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 6.13% | +0.59% |
Volatility
UFO vs. UGA - Volatility Comparison
Procure Space ETF (UFO) has a higher volatility of 16.64% compared to United States Gasoline Fund LP (UGA) at 11.66%. This indicates that UFO'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.
Loading charts...
Volatility by Period
| UFO | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.64% | 11.66% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 31.27% | 30.41% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.08% | 35.14% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.92% | 34.38% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.76% | 37.27% | -6.51% |
UFO vs. UGA - Expense Ratio Comparison
Both UFO and UGA have an expense ratio of 0.75%.
Dividends
UFO vs. UGA - Dividend Comparison
UFO's dividend yield for the trailing twelve months is around 0.29%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 0.29% | 0.46% | 1.98% | 1.90% | 3.19% | 1.00% | 1.07% | 0.45% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UFO and UGA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFO has higher volatility (16.64%) compared to UGA (11.66%). In terms of maximum drawdown, UFO dropped -50.33% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 15.60% for UFO. Both ETFs have the same 0.75% expense ratio. On volatility, UGA has been the lower-risk option at 11.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 25.10% return vs 15.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UFO and UGA have the same expense ratio: 0.75% per year.
UFO has the higher dividend yield at 0.29%, compared with 0.00% for UGA.
UFO is categorized as Global Equities, while UGA is Oil & Gas. UFO tracks S-Network Space Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: ProcureAM and Concierge Technologies.
UFO currently has the higher Sharpe Ratio (3.59 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 UFO 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