UNG

United States Natural Gas Fund LP

The United States Natural Gas Fund holds near-month futures contracts in natural gas and swaps on natural gas.


Energy

COMMODITY

Passive

MANAGEMENT STYLE

$ 444.3 M

ASSETS UNDER MGMT

106 bp

EXPENSES
Fund Basics
Inception dateApr 18, 2007
RegulationCommodities Pool
Fund Websitelink...
Distributions
CurrencyUSD
Holdings TransparencyFull
Derivatives-basedYes
Options availableYes
Currency hedgedNo
Fund of fundsNo
Asset Allocation
Historical Performance


Standardized Performance (as of 05/31/2026)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns -2.7% -24.1% -17.6% -21.6% -22.3% -19.9% -- -28.1%
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -- 0.0%
Total Returns -2.7% -24.1% -17.6% -21.6% -22.3% -19.9% -- -28.1%
Ann. Volatility 74.2% 61.1% 61.2% 59.2% 64.1% 54.8% -- 49.3%
Market Correlations
versus...BetaR-squared
S&P 500-0.933%
MSCI EAFE-0.834%
MSCI Emg Mkts-0.422%
Liquidity Measures
Avg. volume (000)7,125
ADV traded (mns)$84
Turnover18.8%
Avg. Bid/Ask (% of price)0.09%
Technical Indicators
30d moving avg. (EMA)$11.36
Relative strength (RSI)49
MACD/Signal0.08/0.12
Bollinger Bands (Upper/Lower)$12.11/$10.86
Short interest (% of AUM)9.1%
Distributions
Bid/Ask Spreads
9 bp
AVG SPREAD
8 — 10 bp
RANGE
Spreads data based on the average National Best Bid & Offer (NBBO) found in observations at various times each trading day, for up to three months. Tick data supplied by NASDAQ.
Total Cost of Ownership EXPENSES    AVG SPREAD
115 bp
UNG
114 bp
PEER AVG