WUGI vs. UGA
WUGI (Esoterica NextG Economy ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - WUGI is a Large Cap Growth Equities fund actively managed by Esoterica, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. WUGI is actively managed, while UGA is passively managed. Over the past 5 years, WUGI returned 17.63%/yr vs 25.10%/yr for UGA. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
WUGI vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, WUGI achieves a 28.46% return, which is significantly lower than UGA's 75.49% return.
WUGI
- 1D
- 0.29%
- 1M
- 17.60%
- YTD
- 28.46%
- 6M
- 28.35%
- 1Y
- 48.48%
- 3Y*
- 37.24%
- 5Y*
- 17.63%
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
WUGI vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WUGI Esoterica NextG Economy ETF | 28.46% | 22.66% | 47.14% | 61.30% | -49.55% | 25.18% | 95.37% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 140.22% |
Correlation
The correlation between WUGI and UGA is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2020 | 0.10 |
The correlation between WUGI and UGA shifts across timeframes, from -0.22 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WUGI vs. UGA — Risk / Return Rank
WUGI
UGA
WUGI vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Esoterica NextG Economy ETF (WUGI) 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.
| WUGI | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 5.47 | -2.76 |
| Martin ratioReturn relative to average drawdown | 8.93 | 13.25 | -4.32 |
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
| WUGI | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.32 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.73 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.12 | +0.79 |
Drawdowns
WUGI vs. UGA - Drawdown Comparison
The maximum WUGI drawdown since its inception was -56.41%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for WUGI and UGA.
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Drawdown Indicators
| WUGI | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.41% | -86.59% | +30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -14.88% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -26.68% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -56.41% | -38.11% | -18.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -12.35% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -36.76% | +20.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 6.13% | -0.68% |
Volatility
WUGI vs. UGA - Volatility Comparison
The current volatility for Esoterica NextG Economy ETF (WUGI) is 9.13%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that WUGI 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
| WUGI | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 11.66% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 30.41% | -10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.20% | 35.14% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.76% | 34.38% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 37.27% | -6.38% |
WUGI vs. UGA - Expense Ratio Comparison
Both WUGI and UGA have an expense ratio of 0.75%.
Dividends
WUGI vs. UGA - Dividend Comparison
WUGI's dividend yield for the trailing twelve months is around 17.77%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
WUGI Esoterica NextG Economy ETF | 17.77% | 22.83% | 4.09% |
Frequently Asked Questions
WUGI and UGA have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to WUGI (9.13%). In terms of maximum drawdown, WUGI dropped -56.41% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.10% vs 17.63% for WUGI. Both ETFs have the same 0.75% expense ratio. On volatility, WUGI has been the lower-risk option at 9.13%. 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 25.10% return vs 17.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WUGI and UGA have the same expense ratio: 0.75% per year.
WUGI has the higher dividend yield at 17.77%, compared with 0.00% for UGA.
WUGI is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. They also come from different issuers: Esoterica and Concierge Technologies.
UGA currently has the higher Sharpe Ratio (2.32 vs 2.10), 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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