WANT vs. UGA
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, WANT returned -8.83%/yr vs 22.69%/yr for UGA. At a 0.13 correlation, their price movements are largely independent. WANT charges 0.98%/yr vs 0.75%/yr for UGA.
Performance
WANT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -21.36% return, which is significantly lower than UGA's 64.09% return.
WANT
- 1D
- -3.36%
- 1M
- -14.54%
- YTD
- -21.36%
- 6M
- -26.83%
- 1Y
- -0.82%
- 3Y*
- 9.94%
- 5Y*
- -8.83%
- 10Y*
- —
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%
WANT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -21.36% | -6.94% | 60.52% | 114.43% | -83.03% | 84.81% | 45.26% | 90.07% | -24.44% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -4.74% |
Correlation
The correlation between WANT and UGA is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018 | 0.13 |
The correlation between WANT and UGA shifts across timeframes, from -0.23 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WANT vs. UGA — Risk / Return Rank
WANT
UGA
WANT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.
| WANT | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.30 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.17 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.05 | 9.39 | -9.44 |
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Drawdowns
WANT vs. UGA - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, roughly equal to the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for WANT and UGA.
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Drawdown Indicators
| WANT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -86.59% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -18.96% | -22.31% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -26.68% | -36.85% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | -38.11% | -47.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -62.10% | -18.05% | -44.05% |
Average DrawdownAverage peak-to-trough decline | -43.16% | -36.69% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 6.43% | +9.71% |
Volatility
WANT vs. UGA - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.12% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier 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
| WANT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.12% | 9.24% | +9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 41.03% | 30.57% | +10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.06% | 35.22% | +19.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.98% | 34.45% | +36.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.48% | 37.22% | +34.26% |
WANT vs. UGA - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
WANT vs. UGA - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.68%, 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% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.68% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
Frequently Asked Questions
WANT and UGA have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (19.12%) compared to UGA (9.24%). In terms of maximum drawdown, WANT dropped -85.89% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -8.83% for WANT. On fees, UGA is cheaper at 0.75% per year. On volatility, UGA has been the lower-risk option at 9.24%. 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 22.69% return vs -8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.98% for WANT.
WANT has the higher dividend yield at 0.68%, compared with 0.00% for UGA.
WANT is categorized as Leveraged Equities, while UGA is Oil & Gas. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Direxion and Concierge Technologies. Their fees differ too: 0.98% for WANT and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.02), 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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