UGA vs SPY
Comparison between United States Gasoline Fund LP (UGA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceUGA has outperformed SPY, delivering a return of +24.3% compared to +13.3%
UGA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
UGA vs SPY - Historical Returns
Returns include dividend reinvestment.
UGA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | UGA | SPY |
|---|---|---|
| 2026 | +71.55% | +8.26% |
| 2025 | -3.91% | +18.00% |
| 2024 | +4.24% | +25.59% |
| 2023 | +6.36% | +26.72% |
| 2022 | +44.19% | -18.64% |
| 2021 | +74.16% | +30.52% |
| 2020 | -25.27% | +17.28% |
| 2019 | +39.46% | +31.09% |
| 2018 | -27.04% | -5.24% |
| 2017 | +3.98% | +20.78% |
| 2016 | +5.38% | +13.59% |
| 2015 | -11.92% | +1.31% |
| 2014 | -41.16% | +14.56% |
| 2013 | +1.44% | +29.00% |
| 2012 | +16.76% | +14.17% |
| 2011 | +14.83% | +0.85% |
| 2010 | +12.37% | +13.14% |
| 2009 | +73.20% | +22.67% |
| 2008 | -60.91% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
UGA vs SPY Drawdown Comparison
The maximum drawdown for UGA was -86.59%, occurring on Mar 24, 2020. Recovery took 3486 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current UGA drawdown is -14.98%. The current SPY drawdown is -2.90%.
| Rank | UGA | SPY |
|---|---|---|
| #1 | -86.59% Jul 2, 2008 - May 6, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -38.11% Jun 3, 2022 - Mar 4, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -14.98% May 4, 2026 - Jun 5, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -9.59% Mar 20, 2026 - Mar 30, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.87% Apr 6, 2026 - Apr 22, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.95% Mar 12, 2008 - Apr 2, 2008 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.48% May 6, 2022 - May 12, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.31% May 16, 2022 - May 27, 2022 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.43% May 21, 2008 - Jun 6, 2008 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.00% Mar 30, 2026 - Apr 6, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.67% Jun 6, 2008 - Jul 2, 2008 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.62% Apr 25, 2008 - May 5, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.74% Mar 3, 2008 - Mar 7, 2008 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.54% Mar 6, 2026 - Mar 11, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.08% Mar 18, 2026 - Mar 20, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between UGA and SPY is 0.50 which considered as a moderate positive correlation - the stocks show some tendency to move together.
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