XLKI vs. UGA

Last updated Jun 24, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. XLKI is actively managed, while UGA is passively managed. At a correlation of -0.12, they often move in opposite directions. XLKI charges 0.35%/yr vs 0.75%/yr for UGA.

Performance

XLKI vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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, XLKI achieves a 13.50% return, which is significantly lower than UGA's 64.09% return.

XLKI

• 1D: -2.85%
• 1M: -1.72%
• YTD: 13.50%
• 6M: 13.18%
• 1Y: —
• 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)

XLKI vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	13.50%	10.02%
UGA United States Gasoline Fund LP	64.09%	-4.74%

Correlation

The correlation between XLKI and UGA is -0.12, 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 (All Time) Calculated using the full available price history since Jul 30, 2025	-0.12

Return for Risk

XLKI vs. UGA — Risk / Return Rank

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

XLKI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XLKI vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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.

	XLKI	UGA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.73	—
Sortino ratio: Return per unit of downside risk	—	2.25	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.17	—
Martin ratio: Return relative to average drawdown	—	9.39	—

Drawdowns

XLKI vs. UGA - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for XLKI and UGA.

Drawdown Indicators

	XLKI	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-10.24%	-86.59%	+76.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.96%	—
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	-4.34%	-18.05%	+13.71%
Average Drawdown Average peak-to-trough decline	-1.76%	-36.69%	+34.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.43%	—

Volatility

Volatility by Period

	XLKI	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	35.22%	-16.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	34.45%	-15.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.48%	37.22%	-18.74%

XLKI vs. UGA - Expense Ratio Comparison

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

Dividends

XLKI vs. UGA - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 14.74%, while UGA has not paid dividends to shareholders.

Position	TTM	2025
UGA United States Gasoline Fund LP	0.00%	0.00%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	14.74%	8.52%

Frequently Asked Questions

Can I hold both XLKI and UGA in my portfolio?

XLKI and UGA have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLKI or UGA?

On fees, XLKI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLKI or UGA?

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

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

XLKI has the higher dividend yield at 14.74%, compared with 0.00% for UGA.

What is the main difference between XLKI and UGA?

XLKI is categorized as Technology Equities, while UGA is Oil & Gas. They also come from different issuers: State Street and Concierge Technologies. Their fees differ too: 0.35% for XLKI and 0.75% for UGA.