What this ETF is trying to do

The United States Gasoline Fund LP (UGA) is an exchange-traded fund (ETF). Based on its name, this fund focuses on the gasoline market in the United States. It allows investors to track the price movements of gasoline as a commodity.

What the numbers show

The data shows that UGA has experienced significant growth in its share price over recent periods. The current price of the ETF is $145.18. To put this in perspective, the estimated price from roughly one year ago was approximately $62.23.

Based on these figures, here are the performance measurements:

• One-Year Price Return: Approximately 133.30%

• Three-Year Price Return: Approximately 134.92%

• Year-to-Date (YTD) Price Return: Approximately 135.19%

For this specific ETF, the total return figures match the price return figures. This is because "price return" only measures the change in the share price, while "total return" includes any distributions (like cash payments). Since there are no distributions for this fund, both numbers represent the same growth.

Income and distribution explanation

This ETF does not currently provide regular cash payments to its investors. The distribution yield is 0%, and the data shows that there have been no distributions detected in the last 12 months. This means that an investor's gains come entirely from the increase in the share price rather than from regular income payouts.

NAV erosion explanation

NAV erosion is a term used to describe when the value of the underlying assets in a fund drops over time, which can cause the share price to fall. StockValueFinder uses an "erosion-risk score" to measure this risk.

For UGA, the erosion score is 100, and the label indicates "No price erosion detected." Additionally, there is no severe erosion-risk flag for this ETF. This means that, according to these specific measurements, the fund has not shown signs of losing its underlying value during the periods measured.

Pros

• The fund has shown very high positive returns over both one-year and three-year periods.

• There is no detected price erosion or severe erosion-risk flags based on the StockValueFinder screening rules.

Cons

• The distribution yield is 0%, meaning this ETF does not provide a source of regular cash income for investors.

Beginner takeaway

UGA tracks the price of gasoline and has shown very large increases in its share price over the last year and three years. While it has seen strong growth, it does not pay out any distributions to investors. It is important to remember that past performance is a measurement of what happened in the past and does not guarantee how the fund will perform in the future.