VEGN vs. UGA
VEGN (US Vegan Climate ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, VEGN returned 17.14%/yr vs 25.18%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. VEGN charges 0.60%/yr vs 0.75%/yr for UGA.
Performance
VEGN vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, VEGN achieves a 32.90% return, which is significantly lower than UGA's 75.83% return.
VEGN
- 1D
- 1.08%
- 1M
- 19.56%
- YTD
- 32.90%
- 6M
- 34.35%
- 1Y
- 52.58%
- 3Y*
- 30.29%
- 5Y*
- 17.14%
- 10Y*
- —
UGA
- 1D
- 1.74%
- 1M
- -8.95%
- YTD
- 75.83%
- 6M
- 64.53%
- 1Y
- 82.09%
- 3Y*
- 22.29%
- 5Y*
- 25.18%
- 10Y*
- 14.46%
VEGN vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEGN US Vegan Climate ETF | 32.90% | 13.71% | 25.42% | 38.10% | -26.87% | 26.01% | 27.72% | 9.10% |
UGA United States Gasoline Fund LP | 75.83% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 11.06% |
Correlation
The correlation between VEGN and UGA is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.13 |
The correlation between VEGN and UGA shifts across timeframes, from -0.25 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VEGN vs. UGA — Risk / Return Rank
VEGN
UGA
VEGN vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) 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.
| VEGN | UGA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.25 | 2.35 | +0.91 |
Sortino ratioReturn per unit of downside risk | 4.22 | 2.78 | +1.45 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.38 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 4.46 | 5.82 | -1.36 |
Martin ratioReturn relative to average drawdown | 18.23 | 14.25 | +3.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEGN | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | 2.35 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.74 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.12 | +0.75 |
Drawdowns
VEGN vs. UGA - Drawdown Comparison
The maximum VEGN drawdown since its inception was -34.14%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for VEGN and UGA.
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Drawdown Indicators
| VEGN | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.14% | -86.59% | +52.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -14.88% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | -26.68% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -38.11% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -12.18% | +12.18% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -36.77% | +29.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 6.08% | -3.18% |
Volatility
VEGN vs. UGA - Volatility Comparison
The current volatility for US Vegan Climate ETF (VEGN) is 5.95%, while United States Gasoline Fund LP (UGA) has a volatility of 12.41%. This indicates that VEGN 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
| VEGN | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 12.41% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 30.41% | -17.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 35.21% | -18.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 34.38% | -14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 37.27% | -14.50% |
VEGN vs. UGA - Expense Ratio Comparison
VEGN has a 0.60% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
VEGN vs. UGA - Dividend Comparison
VEGN's dividend yield for the trailing twelve months is around 0.44%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGN US Vegan Climate ETF | 0.44% | 0.51% | 0.51% | 0.67% | 0.81% | 0.41% | 0.71% | 0.29% |
Frequently Asked Questions
VEGN and UGA have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (12.41%) compared to VEGN (5.95%). In terms of maximum drawdown, VEGN dropped -34.14% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.18% vs 17.14% for VEGN. On fees, VEGN is cheaper at 0.60% per year. On volatility, VEGN has been the lower-risk option at 5.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 25.18% return vs 17.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEGN is cheaper with a 0.60% expense ratio, compared with 0.75% for UGA.
VEGN has the higher dividend yield at 0.44%, compared with 0.00% for UGA.
VEGN is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. VEGN tracks US Vegan Climate Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Beyond Investing and Concierge Technologies. Their fees differ too: 0.60% for VEGN and 0.75% for UGA.
VEGN currently has the higher Sharpe Ratio (3.25 vs 2.35), 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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