UPGR vs. USNG

Last updated Jun 4, 2026

UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and USNG (Amplify Samsung U.S. Natural Gas Infrastructure ETF) are both Energy Equities funds. UPGR is passively managed, while USNG is actively managed. Over the past year, UPGR returned 71.38% vs 40.50% for USNG. At a 0.47 correlation, their price movements are largely independent. UPGR charges 0.35%/yr vs 0.59%/yr for USNG.

Performance

UPGR vs. USNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPGR achieves a 22.11% return, which is significantly lower than USNG's 31.42% return.

UPGR

• 1D: -2.52%
• 1M: 12.74%
• YTD: 22.11%
• 6M: 20.09%
• 1Y: 71.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USNG

• 1D: -0.19%
• 1M: -1.95%
• YTD: 31.42%
• 6M: 28.41%
• 1Y: 40.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPGR vs. USNG - Yearly Performance Comparison

	2026 (YTD)	2025
UPGR Xtrackers US Green Infrastructure Select Equity ETF	22.11%	34.75%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	31.42%	10.81%

Correlation

The correlation between UPGR and USNG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.47

UPGR vs. USNG - Sectors Allocation Comparison

Sectors	UPGR	USNG
Industrials	51.4%	13.8%
Utilities	12.2%	5.0%
Consumer Cyclical	10.4%	-
Basic Materials	10.0%	1.4%
Energy	9.8%	78.0%
Technology	3.9%	-
Consumer Defensive	2.1%	-
Financial Services	0.1%	1.8%
Communication Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

UPGR vs. USNG — Risk / Return Rank

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

UPGR

UPGR Risk / Return Rank: 68
UPGR Sharpe Ratio Rank: 73
UPGR Sortino Ratio Rank: 66
UPGR Omega Ratio Rank: 59
UPGR Calmar Ratio Rank: 82
UPGR Martin Ratio Rank: 60

USNG

USNG Risk / Return Rank: 80
USNG Sharpe Ratio Rank: 77
USNG Sortino Ratio Rank: 76
USNG Omega Ratio Rank: 70
USNG Calmar Ratio Rank: 91
USNG Martin Ratio Rank: 89

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.

UPGR vs. USNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG). 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.

	UPGR	USNG	Difference
Sharpe ratio Return per unit of total volatility	2.37	2.47	-0.10
Sortino ratio Return per unit of downside risk	3.04	3.39	-0.35
Omega ratio Gain probability vs. loss probability	1.36	1.41	-0.05
Calmar ratio Return relative to maximum drawdown	4.34	5.97	-1.63
Martin ratio Return relative to average drawdown	10.65	19.70	-9.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPGR vs. USNG - Sharpe Ratio Comparison

The current UPGR Sharpe Ratio is 2.37, which is comparable to the USNG Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of UPGR and USNG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UPGR	USNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.47	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	2.66	-2.45

Drawdowns

UPGR vs. USNG - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, which is greater than USNG's maximum drawdown of -6.82%. Use the drawdown chart below to compare losses from any high point for UPGR and USNG.

Drawdown Indicators

	UPGR	USNG	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-6.82%	-39.78%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-6.82%	-9.73%
Current Drawdown Current decline from peak	-2.52%	-4.10%	+1.58%
Average Drawdown Average peak-to-trough decline	-20.53%	-1.40%	-19.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.73%	2.07%	+4.66%

Volatility

UPGR vs. USNG - Volatility Comparison

Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 10.90% compared to Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) at 6.40%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than USNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPGR	USNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	6.40%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	20.37%	12.56%	+7.81%
Volatility (1Y) Calculated over the trailing 1-year period	30.33%	16.52%	+13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.51%	16.55%	+13.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.51%	16.55%	+13.96%

UPGR vs. USNG - Expense Ratio Comparison

UPGR has a 0.35% expense ratio, which is lower than USNG's 0.59% expense ratio.

Dividends

UPGR vs. USNG - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.27%, less than USNG's 1.13% yield.

Position	TTM	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.27%	0.39%	1.16%	0.32%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.13%	1.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPGR and USNG in my portfolio?

UPGR and USNG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPGR or USNG?

UPGR has higher volatility (10.90%) compared to USNG (6.40%). In terms of maximum drawdown, UPGR dropped -46.60% vs USNG's -6.82%.

Which ETF is better, UPGR or USNG?

On 1-year performance, UPGR leads with 71.38% vs 40.50% for USNG. On fees, UPGR is cheaper at 0.35% per year. On volatility, USNG has been the lower-risk option at 6.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UPGR or USNG?

Over the 1-year period, UPGR has performed better with a 71.38% return vs 40.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UPGR or USNG?

UPGR is cheaper with a 0.35% expense ratio, compared with 0.59% for USNG.

Which ETF pays a higher dividend yield, UPGR or USNG?

USNG has the higher dividend yield at 1.13%, compared with 0.27% for UPGR.

What is the main difference between UPGR and USNG?

They also come from different issuers: Xtrackers and Amplify. Their fees differ too: 0.35% for UPGR and 0.59% for USNG.

Which has better risk-adjusted returns?

USNG currently has the higher Sharpe Ratio (2.47 vs 2.37), 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.