United States Natural Gas Fund LP
$11.41+0.49 (+4.49%)
- 1.17%
- $543M
- −11.4%
- 13.7M sh
- $10.90
- low $9.55high $17.03
The ETF.net UNG Grade
D
Score 30 out of 100
- 9 of 11
Score 30 of 100 falls in the D 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.F21 out of 100Rank 9 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 11 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 6 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 5 of 11
Our read on UNG
DThe energy-futures aisle is mostly crude; UNG is the natural gas one. Live since 2007, it tracks the daily percentage move in Henry Hub gas through a short-dated futures benchmark, not the spot price quoted on TV.
UNG seeks to reflect the daily percentage change in the price of natural gas delivered at Henry Hub, Louisiana, through a specified short-term benchmark futures contract, plus collateral interest and less expenses.
Why people hold it
- Henry Hub exposure from an ordinary brokerage account: no futures account, no contracts to roll yourself, just a ticker that follows the daily move in short-dated gas futures.
- Running since 2007 and very actively traded, it is one of the best-established ways to put on a natural gas view in fund form.
- The mandate is literal: the daily percentage change in one specified benchmark futures contract, plus collateral interest, less expenses. No stock picking, no discretion, no overlay.
Worth knowing
- Futures, not spot. The benchmark contract has to be rolled forward, so results over months and years can drift well away from the headline Henry Hub price.
- Fees sit at the top of the group: 1.17% a year versus a 1.15% peer median, while crude-focused rivals OILK (0.69%) and DBO (0.81%) charge far less.
- It is a limited partnership commodity pool, so tax reporting works differently than a standard fund. Some peers, such as OILK, are built to skip that paperwork.
UNG Holdings
- Other
- 14
- 93%
- NATURAL GAS FUTR Nov26
Geography
- United States100.00%
UNG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
UNG$8,856
Returns run to the Oct 12, 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.
| Period | UNG |
|---|---|
| Year to date | −10.9% |
| 1 month | +7.4% |
| 3 months | +3.0% |
| 1 year | −11.4% |
| 3 years | −29.5% |
| 5 years | −32.1% |
| 10 years | −22.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | UNG |
|---|---|---|
| 2026 YTD | −10.9% | |
| 2025 | −27.1% | |
| 2024 | −17.1% | |
| 2023 | −64.0% | |
| 2022 | +12.9% | |
| 2021 | +35.8% | |
| 2020 | −45.4% |
UNG in the news
UNG Dividends
No distributions in the last 12 months.
UNG Risk
- 53.5%
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.
- −0.42
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.
- −92.9%
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.
- 1.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UNG Cost
1.17%
UNG1.17%
- The middle half of Energy Futures funds
- Median 1.01%
8 of the 11 Energy Futures funds charge less.
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- FUNLUnited States 12 Month Natural Gas Fund, LPExpense ratio 1.65%1 year return −25.3%