UGA vs. OILK
Compare and contrast key facts about United States Gasoline Fund LP (UGA) and ProShares K-1 Free Crude Oil Strategy ETF (OILK).
UGA and OILK 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. OILK is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. It was launched on Sep 26, 2016. Both UGA and OILK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UGA vs. OILK - Performance Comparison
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UGA vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGA United States Gasoline Fund LP | 61.19% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 42.24% | -11.86% | 8.18% | -0.97% | 27.57% | 63.71% | -61.09% | 30.48% | -20.40% | 2.82% |
Returns By Period
In the year-to-date period, UGA achieves a 61.19% return, which is significantly higher than OILK's 42.24% return.
UGA
- 1D
- -3.72%
- 1M
- 31.39%
- YTD
- 61.19%
- 6M
- 57.41%
- 1Y
- 54.00%
- 3Y*
- 17.85%
- 5Y*
- 25.31%
- 10Y*
- 14.86%
OILK
- 1D
- -2.66%
- 1M
- 17.31%
- YTD
- 42.24%
- 6M
- 33.80%
- 1Y
- 25.27%
- 3Y*
- 12.28%
- 5Y*
- 17.11%
- 10Y*
- —
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UGA vs. OILK - Expense Ratio Comparison
UGA has a 0.75% expense ratio, which is higher than OILK's 0.68% expense ratio.
Return for Risk
UGA vs. OILK — Risk / Return Rank
UGA
OILK
UGA vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Gasoline Fund LP (UGA) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). 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.
| UGA | OILK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.87 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.31 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.45 | +2.08 |
Martin ratioReturn relative to average drawdown | 7.76 | 2.56 | +5.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UGA | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.87 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.58 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.07 | +0.03 |
Correlation
The correlation between UGA and OILK is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UGA vs. OILK - Dividend Comparison
UGA has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 4.30%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 4.30% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Drawdowns
UGA vs. OILK - Drawdown Comparison
The maximum UGA drawdown since its inception was -86.59%, roughly equal to the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for UGA and OILK.
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Drawdown Indicators
| UGA | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.59% | -83.76% | -2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -17.35% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -38.11% | -34.69% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -75.89% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -14.38% | +8.38% |
Average DrawdownAverage peak-to-trough decline | -37.06% | -33.08% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 9.87% | -2.80% |
Volatility
UGA vs. OILK - Volatility Comparison
United States Gasoline Fund LP (UGA) has a higher volatility of 18.86% compared to ProShares K-1 Free Crude Oil Strategy ETF (OILK) at 12.71%. This indicates that UGA's price experiences larger fluctuations and is considered to be riskier than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGA | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.86% | 12.71% | +6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 25.78% | 20.40% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.35% | 29.06% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.57% | 29.85% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.00% | 36.00% | +1.00% |