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UNG

United States Natural Gas Fund

Natural gas futures ETF. Extremely volatile — one of the most volatile commodity ETFs. Subject to severe contango drag. NOT suitable for long-term holding.

TER
1.10%
AUM
$0.5B
CAGR
-28.7%
Volatility
48.1%
Max Drawdown
-99.9%
Data Range
2007-04 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-99.9%
Worst DD-99.9%
Worst date2026-04

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return-26.2%
Best17.0%
Worst-55.6%
% positive4%
193 periods

Backtest Data Proxy

Futures-based: extreme contango drag makes long-term holding very costly.

Key Facts

ISIN
US9123181073
Issuer
Invesco
Benchmark
Henry Hub Natural Gas (front-month futures)
Total Expense Ratio (TER)
1.10%
Assets Under Management
$0.5B approx.
Inception Date
2007-04-18
Domicile
United States
Legal Structure
Limited Partnership
Dividend Policy
Distributing (pays dividends)
Replication Method
Synthetic (Swap-Based)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
NYSE Arca
Number of Holdings
N/A
Backtest this ETFOfficial Fund Page

Who Is This ETF For?

General portfolio building block for the asset class it covers.

Key Risks to Consider

No cash flows or dividends — returns depend entirely on price appreciation.

Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), USCF (metadata)Last verified: 2026-04-17