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Upturn AI SWOT - About
United States 12 Month Natural Gas Fund LP (UNL)
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Upturn Advisory Summary
09/16/2025: UNL (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 -3.72% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Volume (30-day avg) - | Beta 2.31 | 52 Weeks Range 6.79 - 11.07 | Updated Date 06/29/2025 |
52 Weeks Range 6.79 - 11.07 | Updated Date 06/29/2025 |
Upturn AI SWOT
United States 12 Month Natural Gas Fund LP
ETF Overview
Overview
The United States 12 Month Natural Gas Fund LP (UNL) seeks to track the daily changes in percentage terms of the price of natural gas, as measured by the changes in the price of the futures contract on natural gas that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.
Reputation and Reliability
United States Commodity Funds LLC (USCF) has a solid reputation for commodity-focused ETFs.
Management Expertise
USCF specializes in managing commodity-based ETFs and has experience in the natural gas market.
Investment Objective
Goal
To track the daily changes in percentage terms of the price of natural gas.
Investment Approach and Strategy
Strategy: The fund invests in natural gas futures contracts.
Composition The ETF primarily holds futures contracts on natural gas.
Market Position
Market Share: UNL's market share is specific to natural gas futures-based ETFs, but is not the largest.
Total Net Assets (AUM): 72.35
Competitors
Key Competitors
- UNG
- BOIL
- KOLD
Competitive Landscape
The natural gas ETF market is dominated by UNG. UNL offers a 12-month strategy, potentially mitigating some contango issues, but it still suffers from volatility and decay. BOIL and KOLD are leveraged ETFs that attempt to multiply daily returns, but suffer from high risks.
Financial Performance
Historical Performance: Historical performance is highly volatile and dependent on natural gas prices. Due to contango, long-term returns are typically negative.
Benchmark Comparison: The ETF aims to track the front-month natural gas futures contract, but tracking error exists due to contango and costs.
Expense Ratio: 1.11
Liquidity
Average Trading Volume
The average trading volume is moderate and fluctuates depending on market volatility.
Bid-Ask Spread
The bid-ask spread can vary but is generally moderate, reflecting reasonable liquidity.
Market Dynamics
Market Environment Factors
Natural gas prices are influenced by weather patterns, supply and demand, storage levels, and geopolitical events.
Growth Trajectory
The growth trajectory of UNL mirrors the price movements of natural gas futures. There are no major strategic or holdings changes.
Moat and Competitive Advantages
Competitive Edge
UNL focuses on a 12-month futures strategy to potentially mitigate contango effects, which can erode the returns of front-month natural gas ETFs. This strategy could attract investors seeking a slightly less volatile exposure. However, contango can still affect returns, and the fund's structure does not guarantee positive returns. The competitive edge is marginal as natural gas futures are still highly subject to price fluctuations.
Risk Analysis
Volatility
UNL exhibits high volatility due to the inherent volatility of natural gas prices.
Market Risk
The ETF is susceptible to market risk, commodity price risk, and roll yield risk (contango/backwardation).
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader with a short-term outlook and a high tolerance for risk who understands natural gas futures.
Market Risk
UNL is best suited for active traders looking to capitalize on short-term movements in natural gas prices, not for long-term investors.
Summary
The United States 12 Month Natural Gas Fund LP (UNL) is a commodity pool designed for experienced traders seeking exposure to natural gas prices through futures contracts. It aims to mitigate some contango issues compared to front-month contracts. The ETF is highly volatile and carries substantial risk due to the nature of the underlying asset. It is not suitable for long-term investments, and its performance relies heavily on short-term fluctuations in natural gas markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- USCF Website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in commodity-based ETFs involves significant risks, including the risk of loss of principal.
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 12 Month Natural Gas Fund LP
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the NYMEX that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months" contracts, except when the near month contract is within two weeks of expiration.
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