The year high for UGA was $80.21, back in June 2022, and it currently sits at $62 and change. A drop of a little over 22%. UGA is supposed to track the daily movement of RBOB unleaded gas futures. If you look at the /RB continuous for the same period, the decline is over 35%. Is that difference attributed to the difference between the continuous /RB vs the month to month rollovers for UGA? I've never seen such a large gap in performance, to the upside nonetheless, from a daily tracking fund that is burdened with expenses to its underlying. Can anyone explain this? TIA
[link] [comments] https://www.reddit.com/r/stocks/comments/12bil9a/can_any_commodity_etf_tradersinvestors_explain/
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