UGA vs. VGT

Last updated Apr 1, 2026

Compare and contrast key facts about United States Gasoline Fund LP (UGA) and Vanguard Information Technology ETF (VGT).

UGA and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Mar 25, 2004. Both UGA and VGT 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. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Gasoline Fund LP (UGA) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

UGA vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UGA United States Gasoline Fund LP	67.41%	-2.00%	3.77%	1.27%	46.34%	68.49%	-24.88%	41.25%	-28.07%	1.69%
VGT Vanguard Information Technology ETF	-7.34%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Returns By Period

In the year-to-date period, UGA achieves a 67.41% return, which is significantly higher than VGT's -7.34% return. Over the past 10 years, UGA has underperformed VGT with an annualized return of 15.30%, while VGT has yielded a comparatively higher 21.35% annualized return.

UGA

• 1D: -2.37%
• 1M: 41.79%
• YTD: 67.41%
• 6M: 60.25%
• 1Y: 60.84%
• 3Y*: 19.35%
• 5Y*: 26.26%
• 10Y*: 15.30%

VGT

• 1D: 4.34%
• 1M: -3.89%
• YTD: -7.34%
• 6M: -6.36%
• 1Y: 29.19%
• 3Y*: 22.58%
• 5Y*: 14.54%
• 10Y*: 21.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UGA vs. VGT - Expense Ratio Comparison

UGA has a 0.75% expense ratio, which is higher than VGT's 0.09% expense ratio.

UGA

United States Gasoline Fund LP

VGT

Vanguard Information Technology ETF

Return for Risk

UGA vs. VGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UGA

UGA Risk / Return Rank: 88
UGA Sharpe Ratio Rank: 89
UGA Sortino Ratio Rank: 88
UGA Omega Ratio Rank: 84
UGA Calmar Ratio Rank: 95
UGA Martin Ratio Rank: 83

VGT

VGT Risk / Return Rank: 67
VGT Sharpe Ratio Rank: 65
VGT Sortino Ratio Rank: 69
VGT Omega Ratio Rank: 66
VGT Calmar Ratio Rank: 73
VGT Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UGA vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Gasoline Fund LP (UGA) and Vanguard Information Technology ETF (VGT). 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	VGT	Difference
Sharpe ratio Return per unit of total volatility	1.90	1.08	+0.83
Sortino ratio Return per unit of downside risk	2.41	1.65	+0.76
Omega ratio Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio Return relative to maximum drawdown	4.16	1.77	+2.39
Martin ratio Return relative to average drawdown	9.15	5.47	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UGA vs. VGT - Sharpe Ratio Comparison

The current UGA Sharpe Ratio is 1.90, which is higher than the VGT Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of UGA and VGT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UGA	VGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.08	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.58	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.88	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.61	-0.49

Correlation

The correlation between UGA and VGT 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.

Dividends

UGA vs. VGT - Dividend Comparison

UGA has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.44%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VGT Vanguard Information Technology ETF	0.44%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Drawdowns

UGA vs. VGT - Drawdown Comparison

The maximum UGA drawdown since its inception was -86.59%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for UGA and VGT.

Drawdown Indicators

	UGA	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-86.59%	-54.63%	-31.96%
Max Drawdown (1Y) Largest decline over 1 year	-15.53%	-16.40%	+0.87%
Max Drawdown (5Y) Largest decline over 5 years	-38.11%	-35.07%	-3.04%
Max Drawdown (10Y) Largest decline over 10 years	-75.89%	-35.07%	-40.82%
Current Drawdown Current decline from peak	-2.37%	-12.77%	+10.40%
Average Drawdown Average peak-to-trough decline	-37.07%	-8.00%	-29.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.06%	5.30%	+1.76%

Volatility

UGA vs. VGT - Volatility Comparison

United States Gasoline Fund LP (UGA) has a higher volatility of 18.15% compared to Vanguard Information Technology ETF (VGT) at 7.99%. This indicates that UGA's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UGA	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.15%	7.99%	+10.16%
Volatility (6M) Calculated over the trailing 6-month period	25.45%	16.31%	+9.14%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	27.24%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.54%	25.07%	+8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.99%	24.48%	+12.51%