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ETFs

United States Gasoline Fund, LP

UGA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 26 2008
Expense Ratio
0.97%
Type
Global Commodities & Metals
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$2,873,502
AUM
$77,709,929
Associated Index
Gasoline - NYMEX traded unleaded gasoline near month futures contract
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US DOLLARS
51.94%
n/a
MORGAN STANLEY LIQ GOVT INST 8302
46.72%
n/a
BNY CASH RESERVE
1.35%
n/a
Derivatives offset
-94.96%
Invest with UGA

What is UGA?

The investment objective of UGA is for the changes in percentage terms of the units net asset value to reflect the changes in percentage terms of the price of gasoline as measured by the changes in the price of the futures contract on unleaded gasoline delivered to the New York harbor traded on the New York Mercantile Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contract that is the next month contract to expire less UGAs expenses.

ETFs related toUGA

ETFs correlated to UGA include GSG, COMT, BNO

UGA
United States Commodity Funds LLC - United States Gasoline Fund LP
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
USO
United States Commodity Funds LLC - United States Oil Fund
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
USOI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Crude Oil Shares Covered Call ETN

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUGA

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UGA using Composer

FAQ

UGA is a Global Commodities & Metals ETF. The investment objective of UGA is for the changes in percentage terms of the units net asset value to reflect the changes in percentage terms of the price of gasoline as measured by the changes in the price of the futures contract on unleaded gasoline delivered to the New York harbor traded on the New York Mercantile Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contract that is the next month contract to expire less UGAs expenses.

UGA tracks the Gasoline - NYMEX traded unleaded gasoline near month futures contract.

No, UGA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UGA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UGA is -0.0033%. This is the percent change in the value of UGA over the most recent 1-month period. The 3-month return on UGA is 0.1622%. This is the percent change in the value of UGA over the most recent 3-month period.

The standard deviation of UGA for the past year is 0.3389%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UGA include DBE, RENW, and USE.

ETFs correlated to UGA include GSG, COMT, and BNO.

ETFs that are inversely correlated to UGA include SCO, DRIP, and NRGD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.