United States Gasoline Fund LP

Price: $68.31
Change: $0.49 (0.01%)
Category: Oil & Gas
Last Updated:


Issuer Marygold
Structure Commodity Pool
Expense Ratio 0.97%
ETF Home Page Home page
Inception Feb 26, 2008

Analyst Report

This ETF offers targeted exposure to a widely-used energy commodity, making UGA a potentially useful tool for investors looking to bet on an increase in RBOB gasoline prices. Given the targeted nature of this fund, as well as the frequent contango in futures market, UGA probably doesn’t have much appeal to anyone building a long-term, buy-and-hold portfolio; this ETP is more useful for establishing a shorter-term tactical tilt towards a specific corner of the energy market. Those looking for broad-based commodity exposure have a number of options in the Commodities ETFdb Category, while those looking for a basket of energy commodities (including crude and natural gas) might want to consider UBN or DBE. Note that while gasoline generally exhibits a strong correlation to crude oil, this fund is not a crude oil ETF.

Those considering UGA should note that this fund won’t necessarily offer exposure to spot gasoline prices; the underlying assets are futures contracts, and as such the nuances of futures-based investing—such as the slope of the futures curve—will have an impact on bottom line returns. Investors should also consider the ramifications of the UGA structure; as a partnership, this fund may have unique tax consequences and require certain administrative responsibilities that investors may prefer to avoid (such as K-1s). For most investors, UGA is probably of limited usefulness; those looking to establish targeted exposure to gasoline may find it to be quite handy.

ETF Database Themes

Category Oil & Gas
Asset Class Commodity
Commodity Type Energy
Commodity Gasoline
Commodity Exposure Futures-Based

FactSet Classifications

Segment Commodities: Energy Gasoline
Category Energy
Focus Gasoline
Niche Front Month
Strategy Vanilla
Weighting Scheme Single Asset

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $56.91
  • 52 Week Hi $76.08
  • AUM $101.4 M
  • Shares 1.5 M

Historical Trading Data

  • 1 Month Avg. Volume 22,271
  • 3 Month Avg. Volume 51,886

Alternative ETFs in the ETF Database Oil & Gas Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest USO 0.60% $1.3 B 3 M 21.44%
Largest (AUM) USO 0.60% $1.3 B 3 M 21.44%
Most Liquid (Volume) UNG 1.06% $700.6 M 7 M -24.95%
Top YTD Performer USO 0.60% $1.3 B 3 M 21.44%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

UGA ETF Database Category Average FactSet Segment Average
Number of Holdings 1 2 1
% of Assets in Top 10 100.00% 100.00% 100.00%
% of Assets in Top 15 100.00% 100.00% 100.00%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

UGA ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

UGA Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

UGA Dividend

This section compares the dividend yield of this ETF to its peers.

UGA ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.18 N/A
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.46 N/A
Annual Dividend Yield N/A 1.48% N/A

UGA Price and Volume Charts

View charts featuring UGA price and volume data.

UGA Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -3.43 M 1 Month Net Flows: -3.43 M 3 Month Net Flows: -19.42 M 6 Month Net Flows: 4.24 M 1 Year Net Flows: 23.31 M 3 Year Net Flows: -70.93 M 5 Year Net Flows: -75.62 M 10 Year Net Flows: -48.48 M

UGA Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -6.21 M
1 Month Net AUM Change: 1.93 M
3 Month Net AUM Change: -24.3 M
6 Month Net AUM Change: 22.54 M
1 Year Net AUM Change: 32.57 M
3 Year Net AUM Change: -13.25 M
5 Year Net AUM Change: 62.49 M
10 Year Net AUM Change: 58.33 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for UGA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Oil & Gas with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- USO
Expenses B- OILK

A+ Overall Rated ETF:

UGA Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 27.84%
Max LT Capital Gains Rate 27.84%
Tax On Distributions No distributions
Distributes K1 Yes
ESG Themes and Scores

UGA does not have an ESG score. There are no ESG themes that map to this ETF.

UGA Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

UGA ETF Database
Category Average
Factset Segment
1 Month Return 5.71% -0.04% 5.71%
3 Month Return -6.19% -2.35% -6.19%
YTD Return 12.54% 8.32% 12.54%
1 Year Return 3.58% 1.90% 3.58%
3 Year Return 23.13% 7.84% 23.13%
5 Year Return 15.77% 2.20% 15.77%

Geographic Exposure

The following charts reflect the geographic spread of UGA's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of UGA's underlying holdings.

UGA Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 42.69%
20 Day Volatility 15.19%
50 Day Volatility 21.95%
200 Day Volatility 20.68%
Beta 1.31
Standard Deviation 4.18%
5 Day Volatility
9 of 9

20 Day Volatility
4 of 9

50 Day Volatility
4 of 9

200 Day Volatility
3 of 9

1 of 9

Standard Deviation
3 of 9


  • 20 Day MA $67.40
  • 60 Day MA $67.56
  • MACD 15 Period 0.11
  • MACD 100 Period 0.06
  • Williams % Range 10 Day 70.47
  • Williams % Range 20 Day 35.87
  • RSI 10 Day 56
  • RSI 20 Day 54
  • RSI 30 Day 53
  • Ultimate Oscillator 42

Bollinger Bands

  • Lower Bollinger (10 Day) $67.27
  • Upper Bollinger (10 Day) $70.04
  • Lower Bollinger (20 Day) $64.28
  • Upper Bollinger (20 Day) $70.60
  • Lower Bollinger (30 Day) $62.07
  • Upper Bollinger (30 Day) $70.56

Support & Resistance

  • Support Level 1 $67.70
  • Support Level 2 $67.08
  • Resistance Level 1 $68.62
  • Resistance Level 2 $68.92


  • Stochastic Oscillator %D (1 Day) 59.54
  • Stochastic Oscillator %D (5 Day) 27.34
  • Stochastic Oscillator %K (1 Day) 46.95
  • Stochastic Oscillator %K (5 Day) 39.02


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.06
  • Maximum Premium Discount (%) 1.04
  • Average Spread (%) 9.10
  • Average Spread ($) 9.10

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.

Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.

Have Questions? Contact Us.

Powered By:


Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.


Copyright © 2024 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at
© 2024 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.

Content continues below advertisement