URTH vs. UGA
URTH (iShares MSCI World ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - URTH is a Global Equities fund tracking the MSCI World Index (Net), while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, URTH returned 13.44%/yr vs 14.31%/yr for UGA. At a 0.20 correlation, their price movements are largely independent. URTH charges 0.24%/yr vs 0.75%/yr for UGA.
Performance
URTH vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, URTH achieves a 8.07% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, URTH has underperformed UGA with an annualized return of 13.44%, while UGA has yielded a comparatively higher 14.31% annualized return.
URTH
- 1D
- -1.45%
- 1M
- -0.88%
- YTD
- 8.07%
- 6M
- 7.24%
- 1Y
- 23.04%
- 3Y*
- 19.67%
- 5Y*
- 11.29%
- 10Y*
- 13.44%
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
URTH vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTH iShares MSCI World ETF | 8.07% | 21.36% | 18.66% | 23.95% | -17.97% | 22.27% | 15.78% | 28.15% | -8.56% | 22.95% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between URTH and UGA is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.20 |
The correlation between URTH and UGA shifts across timeframes, from -0.26 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URTH vs. UGA — Risk / Return Rank
URTH
UGA
URTH vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ETF (URTH) and United States Gasoline Fund LP (UGA). 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.
| URTH | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.17 | -0.61 |
| Martin ratioReturn relative to average drawdown | 11.29 | 9.39 | +1.89 |
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Drawdowns
URTH vs. UGA - Drawdown Comparison
The maximum URTH drawdown since its inception was -34.01%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for URTH and UGA.
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Drawdown Indicators
| URTH | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -86.59% | +52.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -18.96% | +9.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -26.68% | +9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -38.11% | +12.06% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -75.89% | +41.88% |
Current DrawdownCurrent decline from peak | -2.63% | -18.05% | +15.42% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -36.69% | +32.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 6.43% | -4.38% |
Volatility
URTH vs. UGA - Volatility Comparison
The current volatility for iShares MSCI World ETF (URTH) is 4.71%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that URTH experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URTH | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 9.24% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 30.57% | -20.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 35.22% | -22.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 34.45% | -18.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 37.22% | -20.02% |
URTH vs. UGA - Expense Ratio Comparison
URTH has a 0.24% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
URTH vs. UGA - Dividend Comparison
URTH's dividend yield for the trailing twelve months is around 1.42%, while UGA has not paid dividends to shareholders.
| Position | 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% |
URTH iShares MSCI World ETF | 1.42% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
URTH and UGA have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to URTH (4.71%). In terms of maximum drawdown, URTH dropped -34.01% vs UGA's -86.59%.
On 10-year performance, UGA leads with 14.31% vs 13.44% for URTH. On fees, URTH is cheaper at 0.24% per year. On volatility, URTH has been the lower-risk option at 4.71%. 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 14.31% return vs 13.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URTH is cheaper with a 0.24% expense ratio, compared with 0.75% for UGA.
URTH has the higher dividend yield at 1.42%, compared with 0.00% for UGA.
URTH is categorized as Global Equities, while UGA is Oil & Gas. URTH tracks MSCI World Index (Net), while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.24% for URTH and 0.75% for UGA.
URTH currently has the higher Sharpe Ratio (1.83 vs 1.73), 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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