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UGA

GradeCNew York Stock Exchange Arca

United States Gasoline Fund, LP

Commodities · USCF · Inception 2008-02-26 · SEC filings

$149.94+6.62 (+4.62%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: up, 68 prints from 143.32 to 149.94. Range 145.10 to 150.46. Use the arrow keys to read each point.$146.00$148.0010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$186M
1Y return
+123.7%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$143.26
52W range
low $60.40high $146.32

The ETF.net UGA Grade

C

46/ 100

Rank 6 of 11 in Energy Futures⁠

Confidence Medium

Six-pillar profile for UGA. Scores out of 100: Cost 38, Risk 71, Mission not scored, Tradability 35, Holdings not scored, Durability 52. Strongest: Risk (71). Weakest: Tradability (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 38
    Category rank7/11 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank1/10 · top 10%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank9/11 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank8/11 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

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 Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
99%
Largest holding
GASOLINE RBOB FUT Nov2650.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—GASOLINE RBOB FUT Nov2650.22%1,388$190M6
002—DREY INST PREF GOV MM INST 654625.42%96,050,000$96M7
003—US DOLLARS9.51%35,936,748$36M67
004—TREASURY BILL 0 10/22/20263.96%15,000,000$15M21
005—BNY CASH RESERVE2.21%8,346,131$8M13
006—TREASURY BILL 0 10/8/20262.11%8,000,000$8M25
007—TREASURY BILL 0 11/10/20261.84%7,000,000$7M16
008—TREASURY BILL 0 10/29/20261.32%5,000,000$5M17
009—TREASURY BILL 0 11/3/20261.32%5,000,000$5M19
010—TREASURY BILL 0 10/27/20260.79%3,000,000$3M20
011—TREASURY BILL 0 12/24/20260.52%2,000,000$2M17
012—TREASURY BILL 0 2/11/20270.52%2,000,000$2M13
013—TREASURY BILL 0 10/15/20260.26%1,000,000$998K27

Showing 1–13 of 13 holdings

UGA Performance

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

UGA$22,373
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. UGA $22,373. SPY $11,723. Use the arrow keys to read each point.$8,396$16,119$23,842Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+132.2%
1 month+13.9%
3 months+39.9%
1 year+123.7%
3 years+26.4%per year
5 years+31.5%per year
10 years+18.6%per year

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+132.2%
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.
33.0%
Annualised · 36 months to Aug 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.
0.62
vs 3-month T-bills · to Aug 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.