UGA vs. QQQ
Compare and contrast key facts about United States Gasoline Fund LP (UGA) and Invesco QQQ (QQQ).
UGA and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both UGA and QQQ 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 QQQ.
Correlation
The correlation between UGA and QQQ is 0.22, 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. QQQ - Performance Comparison
Key characteristics
UGA:
-0.76
QQQ:
0.15
UGA:
-0.94
QQQ:
0.38
UGA:
0.89
QQQ:
1.05
UGA:
-0.66
QQQ:
0.16
UGA:
-1.52
QQQ:
0.58
UGA:
13.40%
QQQ:
6.25%
UGA:
26.96%
QQQ:
24.88%
UGA:
-86.59%
QQQ:
-82.98%
UGA:
-26.67%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, UGA achieves a -6.79% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, UGA has underperformed QQQ with an annualized return of 4.48%, while QQQ has yielded a comparatively higher 16.07% annualized return.
UGA
-6.79%
-4.63%
-3.39%
-17.36%
38.07%
4.48%
QQQ
-13.00%
-7.20%
-9.91%
7.76%
16.65%
16.07%
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UGA vs. QQQ - Expense Ratio Comparison
UGA has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
UGA vs. QQQ — Risk-Adjusted Performance Rank
UGA
QQQ
UGA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Gasoline Fund LP (UGA) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
UGA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
UGA vs. QQQ - Drawdown Comparison
The maximum UGA drawdown since its inception was -86.59%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UGA and QQQ. For additional features, visit the drawdowns tool.
Volatility
UGA vs. QQQ - Volatility Comparison
The current volatility for United States Gasoline Fund LP (UGA) is 11.70%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that UGA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.