UGA vs. SKOR
UGA (United States Gasoline Fund LP) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. Both are passively managed. Over the past 10 years, UGA returned 14.44%/yr vs 2.81%/yr for SKOR. At a correlation of -0.06, they often move in opposite directions. UGA charges 0.75%/yr vs 0.22%/yr for SKOR.
Performance
UGA vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, UGA achieves a 65.95% return, which is significantly higher than SKOR's 0.35% return. Over the past 10 years, UGA has outperformed SKOR with an annualized return of 14.44%, while SKOR has yielded a comparatively lower 2.81% annualized return.
UGA
- 1D
- 0.15%
- 1M
- -11.11%
- YTD
- 65.95%
- 6M
- 62.61%
- 1Y
- 52.27%
- 3Y*
- 19.40%
- 5Y*
- 23.05%
- 10Y*
- 14.44%
SKOR
- 1D
- -0.13%
- 1M
- 0.39%
- YTD
- 0.35%
- 6M
- 0.57%
- 1Y
- 4.66%
- 3Y*
- 5.95%
- 5Y*
- 1.77%
- 10Y*
- 2.81%
UGA vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGA United States Gasoline Fund LP | 65.95% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.35% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between UGA and SKOR is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | -0.06 |
Over the past year, the inverse relationship between UGA and SKOR has strengthened: their correlation has moved from -0.06 to -0.42, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
UGA vs. SKOR — Risk / Return Rank
UGA
SKOR
UGA vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Gasoline Fund LP (UGA) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR). 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.
| UGA | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.24 | +0.53 |
| Martin ratioReturn relative to average drawdown | 8.29 | 7.73 | +0.56 |
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Drawdowns
UGA vs. SKOR - Drawdown Comparison
The maximum UGA drawdown since its inception was -86.59%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for UGA and SKOR.
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Drawdown Indicators
| UGA | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.59% | -15.98% | -70.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.96% | -2.09% | -16.87% |
Max Drawdown (3Y)Largest decline over 3 years | -26.68% | -3.11% | -23.57% |
Max Drawdown (5Y)Largest decline over 5 years | -38.11% | -15.13% | -22.98% |
Max Drawdown (10Y)Largest decline over 10 years | -75.89% | -15.98% | -59.91% |
Current DrawdownCurrent decline from peak | -17.12% | -0.76% | -16.36% |
Average DrawdownAverage peak-to-trough decline | -36.70% | -2.64% | -34.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 0.60% | +6.45% |
Volatility
UGA vs. SKOR - Volatility Comparison
United States Gasoline Fund LP (UGA) has a higher volatility of 9.26% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.83%. This indicates that UGA's price experiences larger fluctuations and is considered to be riskier than SKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGA | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 0.83% | +8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 2.07% | +28.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.27% | 2.72% | +32.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.45% | 4.43% | +30.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.25% | 4.91% | +32.34% |
UGA vs. SKOR - Expense Ratio Comparison
UGA has a 0.75% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
UGA vs. SKOR - Dividend Comparison
UGA has not paid dividends to shareholders, while SKOR's dividend yield for the trailing twelve months is around 4.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.67% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
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% |
Frequently Asked Questions
UGA and SKOR have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.26%) compared to SKOR (0.83%). In terms of maximum drawdown, UGA dropped -86.59% vs SKOR's -15.98%.
On 10-year performance, UGA leads with 14.44% vs 2.81% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.83%. 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 14.44% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKOR is cheaper with a 0.22% expense ratio, compared with 0.75% for UGA.
SKOR has the higher dividend yield at 4.67%, compared with 0.00% for UGA.
UGA is categorized as Oil & Gas, while SKOR is Corporate Bonds. UGA tracks Front Month Unleaded Gasoline, while SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index. They also come from different issuers: Concierge Technologies and Northern Trust. Their fees differ too: 0.75% for UGA and 0.22% for SKOR.
SKOR currently has the higher Sharpe Ratio (1.72 vs 1.49), 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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