XAIX vs. UGA

Last updated Jun 24, 2026

XAIX (Xtrackers Artificial Intelligence and Big Data ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past year, XAIX returned 52.90% vs 59.74% for UGA. At a correlation of -0.07, they often move in opposite directions. XAIX charges 0.35%/yr vs 0.75%/yr for UGA.

Performance

XAIX vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Artificial Intelligence and Big Data ETF (XAIX) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAIX achieves a 30.66% return, which is significantly lower than UGA's 64.09% return.

XAIX

• 1D: -4.93%
• 1M: 3.71%
• YTD: 30.66%
• 6M: 30.48%
• 1Y: 52.90%
• 3Y*: —
• 5Y*: —
• 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%

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

XAIX vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XAIX Xtrackers Artificial Intelligence and Big Data ETF	30.66%	29.05%	15.21%
UGA United States Gasoline Fund LP	64.09%	-2.00%	-4.84%

Correlation

The correlation between XAIX and UGA is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	-0.07

Return for Risk

XAIX vs. UGA — Risk / Return Rank

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

XAIX

XAIX Risk / Return Rank: 70
XAIX Sharpe Ratio Rank: 72
XAIX Sortino Ratio Rank: 62
XAIX Omega Ratio Rank: 69
XAIX Calmar Ratio Rank: 77
XAIX Martin Ratio Rank: 72

UGA

UGA Risk / Return Rank: 55
UGA Sharpe Ratio Rank: 53
UGA Sortino Ratio Rank: 48
UGA Omega Ratio Rank: 49
UGA Calmar Ratio Rank: 67
UGA Martin Ratio Rank: 56

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.

XAIX vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Artificial Intelligence and Big Data ETF (XAIX) 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.

	XAIX	UGA	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.73	+0.48
Sortino ratio: Return per unit of downside risk	2.79	2.25	+0.54
Omega ratio: Gain probability vs. loss probability	1.39	1.30	+0.09
Calmar ratio: Return relative to maximum drawdown	3.79	3.17	+0.63
Martin ratio: Return relative to average drawdown	12.74	9.39	+3.35

XAIX vs. UGA - Sharpe Ratio Comparison

The current XAIX Sharpe Ratio is 2.21, which is comparable to the UGA Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of XAIX and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XAIX vs. UGA - Drawdown Comparison

The maximum XAIX drawdown since its inception was -23.95%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for XAIX and UGA.

Drawdown Indicators

	XAIX	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-86.59%	+62.64%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-18.96%	+4.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-8.01%	-18.05%	+10.04%
Average Drawdown Average peak-to-trough decline	-3.59%	-36.69%	+33.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	6.43%	-2.27%

Volatility

XAIX vs. UGA - Volatility Comparison

Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a higher volatility of 14.31% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that XAIX'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.

Volatility by Period

	XAIX	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.31%	9.24%	+5.07%
Volatility (6M) Calculated over the trailing 6-month period	21.18%	30.57%	-9.39%
Volatility (1Y) Calculated over the trailing 1-year period	24.04%	35.22%	-11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.71%	34.45%	-9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	37.22%	-12.51%

XAIX vs. UGA - Expense Ratio Comparison

XAIX has a 0.35% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

XAIX vs. UGA - Dividend Comparison

XAIX's dividend yield for the trailing twelve months is around 0.39%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	0.39%	0.54%	0.08%

Frequently Asked Questions

Can I hold both XAIX and UGA in my portfolio?

XAIX and UGA have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XAIX or UGA?

XAIX has higher volatility (14.31%) compared to UGA (9.24%). In terms of maximum drawdown, XAIX dropped -23.95% vs UGA's -86.59%.

Which ETF is better, XAIX or UGA?

On 1-year performance, UGA leads with 59.74% vs 52.90% for XAIX. On fees, XAIX is cheaper at 0.35% 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.

Which ETF has performed better, XAIX or UGA?

Over the 1-year period, UGA has performed better with a 59.74% return vs 52.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XAIX or UGA?

XAIX is cheaper with a 0.35% expense ratio, compared with 0.75% for UGA.

Which ETF pays a higher dividend yield, XAIX or UGA?

XAIX has the higher dividend yield at 0.39%, compared with 0.00% for UGA.

What is the main difference between XAIX and UGA?

XAIX is categorized as Technology Equities, while UGA is Oil & Gas. XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Xtrackers and Concierge Technologies. Their fees differ too: 0.35% for XAIX and 0.75% for UGA.

Which has better risk-adjusted returns?

XAIX currently has the higher Sharpe Ratio (2.21 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.