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Launched · SEC filings

United States Gasoline Fund, LP

UGANYSE ArcaC

$146.14−1.49 (−1.01%)

At close: Oct 13, 2026, 4:00 PM

C47/ 100

Rank 6 of 11 in Energy Futures

C47/100Rank 6 of 11inEnergy Futures
Intraday session: down, 75 prints from 147.63 to 146.14. Range 144.44 to 147.06. Use the arrow keys to read each point.144.50145.00145.50146.50147.0010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$170M
1Y total return
+142.4%
Yield · Last 12 months
—
Holdings
12
Avg volume · 30D
0M sh
NAV per share
$147.81
52W range
low $60.40high $153.46
Launched
Filings
SEC EDGAR

The ETF.net UGA Grade

Based on 4 of 6 pillars

C

Score 47 out of 100

Category
Energy Futures⁠
Rank
6 of 11
Six-pillar profile for UGA. Scores out of 100: Cost 38, Risk 74, Mission not scored, Tradability 38, Holdings not scored, Durability 52. Strongest: Risk (74). Weakest: Tradability (38). Based on 4 of 6 pillars.

Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D38 out of 100
    Rank 7 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 1 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 9 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 8 of 11

Our read on UGA

ETF.net Research

CIts energy-futures cohort is wall-to-wall crude. UGA aims at the refined stuff you actually pump, tracking front-month NYMEX RBOB gasoline futures inside a commodity pool that has run since 2008.

Stated mandate

The fund seeks daily NAV percentage changes to reflect daily percentage changes in the spot price of RBOB gasoline for delivery to New York Harbor, measured through the Benchmark Futures Contract. It targets average daily tracking within plus or minus 10% over 30 successive valuation days.

Why people hold it

  1. 01A direct line to pump fuel: the benchmark is the near-month NYMEX gasoline (RBOB) contract for New York Harbor delivery, rolling to the next month within two weeks of expiry.sec.govuscfinvestments.com
  2. 02Trading since 2008 under the same passive mandate, so the mechanism has been through multiple gasoline booms and busts rather than being a new launch.
  3. 03The prospectus puts a number on tracking: average daily NAV moves are targeted within plus or minus 10% of the benchmark's over 30 successive valuation days.sec.gov

Worth knowing

  1. 01At 1.08%, fees land mid-pack among energy futures funds, while crude-focused peers such as OILK (0.69%) and USO (0.86%) charge less.
  2. 02A commodity pool, not a 1099 fund: shareholders receive a Schedule K-1 at tax time, and the fund does not intend to pay cash distributions.uscfinvestments.comsec.gov
  3. 03It trades lightly next to the big crude funds, and the front-month roll means it follows the futures curve, not the price on the sign at your local station.sec.gov

UGA Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
12
Top-10 weight
99%
Largest holding
GASOLINE RBOB FUT Nov2650.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—GASOLINE RBOB FUT Nov2650.43%1,230$170M3
002—Drey Inst Pref Gov Mm Inst 654623.15%78,050,000$78M7
003—Us Dollars11.50%38,763,235$39M51
004—Treasury Bill 0 10/22/20264.45%15,000,000$15M18
005—Bny Cash Reserve3.09%10,406,047$10M12
006—Treasury Bill 0 11/10/20262.07%7,000,000$7M17
007—Treasury Bill 0 10/29/20261.48%5,000,000$5M15
008—Treasury Bill 0 11/3/20261.48%5,000,000$5M21
009—Treasury Bill 0 10/27/20260.89%3,000,000$3M19
010—Treasury Bill 0 12/24/20260.59%2,000,000$2M26
011—Treasury Bill 0 2/11/20270.59%2,000,000$2M12
012—Treasury Bill 0 10/15/20260.30%1,000,000$1000K23

Showing 1–12 of 12 holdings

UGA Performance

Launched Feb 26, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UGA$24,241
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. UGA $24,241. SPY $12,044. Use the arrow keys to read each point.$8,539$17,434$26,330Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for UGA. Periods over one year show the average yearly return.
PeriodUGA
Year to date+139.2%
1 month+6.4%
3 months+39.2%
1 year+142.4%
3 yearsper year+33.9%
5 yearsper year+28.7%
10 yearsper year+18.3%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UGA
YearReturn barUGA
2026 YTD+139.2%
2025−2.0%
2024+3.8%
2023+1.3%
2022+46.3%
2021+68.5%
2020−24.9%

UGA in the news

UGA Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

UGA Risk

How much the fund’s monthly returns vary, scaled to a year.
33.5%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.79
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−38.1%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.62
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

UGA Cost

Expense ratio1.08%
  • The middle half of Energy Futures funds
  • Median 1.01%

6 of the 11 Energy Futures funds charge less.

UGA costs $108.00 a year on $10,000. The median Energy Futures fund costs $101.00.

Other funds in Energy Futures

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