UGA vs MCN

Comparison between United States Gasoline Fund LP (UGA, ETF) and Madison Covered Call & Equity Strategy Fund (MCN, ETF).

5-Year PerformanceUGA has outperformed MCN, delivering a return of +24.3% compared to +3.5%

UGA vs MCN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UGA(ETF)	MCN(ETF)
Net Assets	$138M	$138M
Expense Ratio	1.08%	N/A
Max Drawdown	86.59%	75.11%
Sharpe Ratio	1.73	0.41
5Y Beta	0.05	0.52
5Y Dividends CAGR	N/A	1.61%

Net Assets

UGA

$138M

Winner

MCN

$138M

Expense Ratio

UGA

1.08%

MCN

N/A

Max Drawdown

UGA

86.59%

Winner

MCN

75.11%

Sharpe Ratio

Winner

UGA

1.73

MCN

0.41

5Y Beta

Winner

UGA

0.05

MCN

0.52

5Y Dividends CAGR

UGA

N/A

MCN

1.61%

UGA vs MCN - Historical Returns

Returns include dividend reinvestment.

Period	UGA	MCN
1 month	-12.48%	-2.33%
3 months	+25.18%	-0.82%
6 months	+58.79%	+3.21%
1 year	+76.65%	+8.34%
5 years(CAGR)	+24.34%	+3.46%
10 years(CAGR)	+14.25%	+7.85%
Max(CAGR)	+4.17%	+5.51%

UGA

-12.48%

Winner

MCN

-2.33%

Winner

UGA

+25.18%

MCN

-0.82%

Winner

UGA

+58.79%

MCN

+3.21%

Winner

UGA

+76.65%

MCN

+8.34%

5Y(CAGR)

Winner

UGA

+24.34%

MCN

+3.46%

10Y(CAGR)

Winner

UGA

+14.25%

MCN

+7.85%

Max(CAGR)

UGA

+4.17%

Winner

MCN

+5.51%

UGA vs MCN - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	UGA	MCN
2026	+71.55%	+0.49%
2025	-3.91%	+0.20%
2024	+4.24%	-0.33%
2023	+6.36%	+8.02%
2022	+44.19%	+6.33%
2021	+74.16%	+30.38%
2020	-25.27%	+14.91%
2019	+39.46%	+17.28%
2018	-27.04%	-12.21%
2017	+3.98%	+9.80%
2016	+5.38%	+14.94%
2015	-11.92%	-0.75%
2014	-41.16%	+9.41%
2013	+1.44%	+14.32%
2012	+16.76%	+12.18%
2011	+14.83%	-10.59%
2010	+12.37%	+10.23%
2009	+73.20%	+54.72%
2008	-60.91%	-38.79%
2007	N/A	-16.23%
2006	N/A	+12.53%
2005	N/A	+7.26%
2004	N/A	+1.32%

UGA vs MCN Drawdown Comparison

The maximum drawdown for UGA was -86.59%, occurring on Mar 24, 2020. Recovery took 3486 trading sessions.

The maximum drawdown for MCN was -65.08%, occurring on Mar 9, 2009. Recovery took 1641 trading sessions.

The current UGA drawdown is -14.98%. The current MCN drawdown is -4.97%.

Rank	UGA	MCN
#1	-86.59% Jul 2, 2008 - May 6, 2022	-65.08% Apr 25, 2007 - Oct 29, 2013
#2	-38.11% Jun 3, 2022 - Mar 4, 2026	-38.60% Jan 15, 2020 - Nov 9, 2020
#3	-14.98% May 4, 2026 - Jun 5, 2026	-24.48% Jun 28, 2024 - Apr 7, 2025
#4	-9.59% Mar 20, 2026 - Mar 30, 2026	-22.86% Oct 1, 2018 - Jan 15, 2020
#5	-8.87% Apr 6, 2026 - Apr 22, 2026	-19.57% Sep 9, 2022 - Jan 11, 2023
#6	-7.95% Mar 12, 2008 - Apr 2, 2008	-18.33% Jan 12, 2022 - Sep 8, 2022
#7	-7.48% May 6, 2022 - May 12, 2022	-17.00% Apr 27, 2023 - Jun 28, 2024
#8	-7.31% May 16, 2022 - May 27, 2022	-15.90% May 21, 2015 - May 27, 2016
#9	-6.43% May 21, 2008 - Jun 6, 2008	-11.23% Aug 17, 2005 - Sep 25, 2006
#10	-6.00% Mar 30, 2026 - Apr 6, 2026	-9.01% Jul 10, 2014 - May 20, 2015
#11	-5.67% Jun 6, 2008 - Jul 2, 2008	-8.74% Sep 13, 2021 - Dec 10, 2021
#12	-5.62% Apr 25, 2008 - May 5, 2008	-8.15% Dec 10, 2021 - Jan 11, 2022
#13	-4.74% Mar 3, 2008 - Mar 7, 2008	-8.12% Jan 24, 2018 - Jul 2, 2018
#14	-3.54% Mar 6, 2026 - Mar 11, 2026	-5.66% Jun 11, 2021 - Jul 13, 2021
#15	-2.08% Mar 18, 2026 - Mar 20, 2026	-5.47% Oct 5, 2017 - Dec 28, 2017