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Launched · SEC filings

United States Gasoline Fund, LP

UGANYSE ArcaUSCFC

$133.76−10.84 (−7.50%)

At close: Nov 2, 2026, 4:00 PM ET

C47/ 100

Rank 6 of 11 in Energy Futures

C47/100Rank 6 of 11inEnergy Futures
Intraday session: down, 79 prints from 144.60 to 133.76. Range 133.36 to 136.91. Use the arrow keys to read each point.135.00137.50140.00142.5010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$161M
1Y total return
+120.5%
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
47.8K sh
52W range
low $60.61high $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 68, Mission not scored, Tradability 45, Holdings not scored, Durability 48. Strongest: Risk (68). Weakest: Cost (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.
    B68 out of 100
    Rank 3 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 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.
    C48 out of 100
    Rank 7 of 11

Our read on UGA

ETF.net Research

In short

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

  • A 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
  • Trading since 2008 under the same passive mandate, so the mechanism has been through multiple gasoline booms and busts rather than being a new launch.
  • The 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

  • At 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.
  • A 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
  • It 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 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$22,053
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. UGA $22,053. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000$20,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+134.2%
1 month−1.4%
3 months+22.6%
1 year+120.5%
3 yearsper year+31.9%
5 yearsper year+27.8%
10 yearsper year+18.3%

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+134.2%
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.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

UGA Risk

Risk pillarB68 out of 100Rank 3 of 11 in Energy Futures
How much the fund’s monthly returns vary, scaled to a year.
33.1%
Annualised · 36 months to Oct 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.
0.85
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

UGA Cost

Compare UGA and OILK

Overpaying vs OILK, cheapest in Energy Futures

$6,368

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UGA 1.08%

    $19,974

  • OILK 0.70% Cheapest

    $13,606

$10,000
30 years

Cost over time

  • UGA 1.08%
  • OILK 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UGA $19,974OILK $13,606

Year by year

YearUGAOILKOverpaying
10$1,898$1,250$648
20$7,106$4,760$2,346
30$19,974$13,606$6,368

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