UGA vs. FTEC
Compare and contrast key facts about United States Gasoline Fund LP (UGA) and Fidelity MSCI Information Technology Index ETF (FTEC).
UGA and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UGA is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Unleaded Gasoline. It was launched on Feb 26, 2008. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both UGA and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UGA or FTEC.
Key characteristics
| UGA | FTEC | |
|---|---|---|
| YTD Return | 11.08% | 10.74% |
| 1Y Return | 13.38% | 37.45% |
| 3Y Return (Ann) | 24.95% | 15.08% |
| 5Y Return (Ann) | 15.86% | 22.51% |
| 10Y Return (Ann) | 1.09% | 20.41% |
| Sharpe Ratio | 0.62 | 2.14 |
| Daily Std Dev | 28.43% | 18.42% |
| Max Drawdown | -86.59% | -34.95% |
| Current Drawdown | -15.78% | -0.38% |
Correlation
The correlation between UGA and FTEC is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UGA vs. FTEC - Performance Comparison
The year-to-date returns for both stocks are quite close, with UGA having a 11.08% return and FTEC slightly lower at 10.74%. Over the past 10 years, UGA has underperformed FTEC with an annualized return of 1.09%, while FTEC has yielded a comparatively higher 20.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UGA vs. FTEC - Expense Ratio Comparison
UGA has a 0.75% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
UGA vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Gasoline Fund LP (UGA) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Dividends
UGA vs. FTEC - Dividend Comparison
UGA has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.70% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
UGA vs. FTEC - Drawdown Comparison
The maximum UGA drawdown since its inception was -86.59%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for UGA and FTEC. For additional features, visit the drawdowns tool.
Volatility
UGA vs. FTEC - Volatility Comparison
United States Gasoline Fund LP (UGA) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.42% and 6.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.