UNG
UNG 1-star rating from Upturn Advisory

United States Natural Gas Fund LP (UNG)

United States Natural Gas Fund LP (UNG) 1-star rating from Upturn Advisory
$13.63
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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

Upturn 1 star rating for performance

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 star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
ETF Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon 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

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

United States Natural Gas Fund LP

United States Natural Gas Fund LP(UNG) company logo displayed in Upturn AI summary

ETF Overview

overview logo 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 logo 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.

Leadership icon representing strong management expertise and executive team Management Expertise

The management team consists of professionals with experience in commodities and financial markets, overseeing the fund's strategy and operations.

Investment Objective

Icon representing investment goals and financial objectives 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 logo 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.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries 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.