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United States Natural Gas Fund LP (UNG)
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Upturn Advisory Summary
12/04/2025: UNG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 -31.75% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
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) seeks 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 traded on the New York Mercantile Exchange (NYMEX). It's a commodity pool offering exposure to natural gas prices.
Reputation and Reliability
United States Commodity Funds LLC is a well-known issuer specializing in commodity-based ETFs. They have a long track record of managing similar funds, although some commodity funds have faced criticism due to contango issues.
Management Expertise
The management team possesses expertise in commodity markets and financial products. They oversee 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 aims to track the price of natural gas futures contracts, primarily the front-month contract on the NYMEX.
Composition UNG's assets primarily consist of natural gas futures contracts.
Market Position
Market Share: Information not available
Total Net Assets (AUM): 512800000
Competitors
Key Competitors
- ProShares Ultra Bloomberg Natural Gas (BOIL)
- REX VolMAX Bloomberg Natural Gas VMAX (VMAX)
- REX Ultra Short Bloomberg Natural Gas (KOLD)
Competitive Landscape
The natural gas ETF market is competitive, with various funds offering different levels of leverage and inverse exposure. UNG faces challenges due to contango, which can erode returns. Leveraged and inverse ETFs offer alternative strategies for those with specific market views.
Financial Performance
Historical Performance: Historical performance data is volatile and highly dependent on natural gas prices. Returns have generally been negative over long periods due to contango.
Benchmark Comparison: UNG's performance is often compared to the spot price of natural gas, but it typically underperforms due to the costs associated with rolling futures contracts.
Expense Ratio: 1.35
Liquidity
Average Trading Volume
UNG exhibits high liquidity with a substantial average daily trading volume.
Bid-Ask Spread
The bid-ask spread for UNG is typically tight, reflecting its high liquidity.
Market Dynamics
Market Environment Factors
Natural gas prices are influenced by weather patterns, supply and demand dynamics, storage levels, and geopolitical events. Economic indicators also play a role.
Growth Trajectory
UNG's growth is tied to natural gas market trends, with no strategic changes to be noted currently.
Moat and Competitive Advantages
Competitive Edge
UNG's main advantage is its direct exposure to natural gas futures, offering a relatively straightforward way for investors to participate in the natural gas market. However, it lacks a strong competitive moat due to the contango effect, which often leads to erosion of value over time. The fund's value can also be dramatically impacted by decisions of the Federal Reserve or sudden change in consumption of natural gas and other external economic factors. It is more appropriate for short-term trading than long-term investment due to the price volatility and contango effect. The high expenses also diminish returns.
Risk Analysis
Volatility
UNG exhibits high volatility due to the inherent fluctuations in natural gas prices.
Market Risk
UNG faces significant market risk due to its exposure to natural gas, which is subject to unpredictable supply and demand shocks. Contango is a major risk.
Investor Profile
Ideal Investor Profile
UNG is best suited for sophisticated investors with a high-risk tolerance who understand the complexities of commodity futures markets.
Market Risk
UNG is more appropriate for active traders seeking short-term exposure to natural gas prices rather than long-term investors.
Summary
The United States Natural Gas Fund LP (UNG) offers exposure to natural gas futures, aiming to track the daily percentage changes in the spot price. It is a high-risk, high-volatility investment due to the nature of natural gas and contango effect. UNG is suitable for short-term tactical trades by sophisticated investors who understand the commodities market and want direct exposure. Due to the costs associated with rolling futures contracts UNG's financial performance often underperforms the spot price of natural gas.
Similar ETFs
Sources and Disclaimers
Data Sources:
- sec.gov
- etf.com
- morningstar.com
Disclaimers:
The data provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor. Past performance is not indicative of future results. Market share information is based on incomplete data, is estimated and could be inaccurate.
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.