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United States Natural Gas Fund LP (UNG)
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Upturn Advisory Summary
11/05/2025: UNG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -38.24% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Volume (30-day avg) - | Beta 3.22 | 52 Weeks Range 12.35 - 24.33 | Updated Date 06/29/2025 |
52 Weeks Range 12.35 - 24.33 | Updated Date 06/29/2025 |
Upturn AI SWOT
United States Natural Gas Fund LP
ETF Overview
Overview
The United States Natural Gas Fund LP (UNG) is designed to track the daily changes in percentage terms of the spot price of natural gas delivered at Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas as traded on the New York Mercantile Exchange (NYMEX). It provides investors with exposure to natural gas prices without directly investing in futures contracts.
Reputation and Reliability
The issuer, US Commodity Funds LLC, has experience in managing commodity-related ETFs. Its reputation is tied to the performance and tracking accuracy of its products.
Management Expertise
The management team consists of professionals with experience in commodities and financial markets, overseeing the fund's strategy and operations.
Investment Objective
Goal
To track the daily changes in percentage terms of the spot price of natural gas.
Investment Approach and Strategy
Strategy: UNG primarily invests in front-month natural gas futures contracts on the NYMEX. It aims to reflect the performance of natural gas prices.
Composition UNG's assets are predominantly comprised of NYMEX natural gas futures contracts.
Market Position
Market Share: UNG holds a significant share of the natural gas ETF market, although subject to fluctuations.
Total Net Assets (AUM): 539300000
Competitors
Key Competitors
- ProShares Ultra Bloomberg Natural Gas (BOIL)
- ProShares Short Bloomberg Natural Gas (KOLD)
- MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU)
- First Trust Natural Gas ETF (FCG)
Competitive Landscape
The natural gas ETF market is highly competitive. UNG is more focused on the front-month contracts and has some tracking issues in the past, while others offer leveraged exposure or focus on natural gas companies.
Financial Performance
Historical Performance: Historical performance is highly volatile and dependent on natural gas price fluctuations. Data not provided due to dynamic nature and need for real-time updates.
Benchmark Comparison: The fund's performance is compared to the NYMEX natural gas futures contract. Tracking error can occur due to contango and backwardation.
Expense Ratio: 0.0111
Liquidity
Average Trading Volume
UNG exhibits high liquidity, typically demonstrated by a high average trading volume.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting its high liquidity.
Market Dynamics
Market Environment Factors
Natural gas prices are influenced by weather patterns, storage levels, production, and global economic conditions.
Growth Trajectory
UNG's performance mirrors natural gas price trends. Its holdings mirror NYMEX natural gas futures contracts.
Moat and Competitive Advantages
Competitive Edge
UNG's advantage lies in its direct exposure to natural gas futures, providing a straightforward way to track natural gas prices. Its high liquidity and market share makes it relatively easier for investors to buy and sell. However, its susceptibility to contango and backwardation can significantly impact returns. It remains a popular choice for those seeking directional exposure to natural gas. It offers a liquid way to get exposure.
Risk Analysis
Volatility
UNG exhibits high volatility due to the price fluctuations of natural gas futures.
Market Risk
UNG is susceptible to market risk associated with natural gas price fluctuations, including supply and demand imbalances, weather patterns, and geopolitical events.
Investor Profile
Ideal Investor Profile
UNG is suited for sophisticated investors who understand the complexities of commodity futures and are seeking short-term exposure to natural gas prices.
Market Risk
UNG is best suited for active traders with a short-term horizon and a high-risk tolerance. It is not recommended for long-term investors.
Summary
The United States Natural Gas Fund LP (UNG) offers investors direct exposure to natural gas futures, making it a tool for short-term trading strategies based on natural gas price movements. Its high volatility and dependence on contango and backwardation require careful consideration and active management. Suited for experienced traders seeking directional exposure, UNG demands constant oversight to mitigate risks associated with commodity markets. High liquidity supports quick entry and exit positions, but the fund's structure does not lend itself to long-term investing.
Similar ETFs
Sources and Disclaimers
Data Sources:
- SEC Filings
- ETF.com
- Morningstar
- Company Fact Sheet
- YCharts
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Past performance is not indicative of future results. Market data is dynamic and can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United States Natural Gas Fund LP
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, "ICE Futures") or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.