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DBOvsUNLETF Comparison

ETF 1
DBO

Invesco DB Oil Fund ETF

This fund is part of
Energy
+1.98%
VS
ETF 2
UNL

United States 12 Month Natural Gas Fund LP

This fund is part of
Energy
+1.98%

Invesco DB Oil Fund ETF (DBO) and United States 12 Month Natural Gas Fund LP (UNL) belong to the same industry segment: Energy. DBO is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 1.57% for UNL. DBO is up 113.41% year-to-date (YTD) with -$132M in YTD flows. UNL performs worse with -23.58% YTD performance, and +$812K in YTD flows. Run a side-by-side ETF comparison of DBO and UNL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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DBO vs UNL performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.04.0%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

01,000,0002,000,0003,000,0004,000,0005,000,0006,000,000Sep 16Sep 23Sep 30Oct 7Oct 14

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
DBO
UNL
+1.85%-3.26%
+31.45%-5.91%
+113.41%-23.58%
+117.84%-25.01%
+71.85%-51.14%
+98.49%-59.19%
Flows
DBO
UNL
+$2M-
-$25M+$587K
-$132M+$812K
-$121M+$10M
-$130M+$3M
-$403M+$17M
Volatility and drawdown
3M1Y3Y5Y
Volatility
DBO
UNL
+44.95%+18.30%
+42.47%+34.36%
+33.10%+33.76%
+34.06%+42.10%
Max drawdown
DBO
UNL
-18.24%-9.00%
-27.48%-37.26%
-27.48%-52.22%
-37.32%-80.15%
Max drawdown duration
DBO
UNL
43d85d
113d313d
113d1076d
1367d1592d
Trading data

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DBO
UNL
Last sale
10/16/2026 at 1:30 PM
$25.99
$5.60
Previous close
10/16/2026
$25.24
$5.78
Consolidated volume
10/16/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 30, 2026
1-year trailing difference

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DBO
UNL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
DBO
UNL
Last price
$25.99
$5.60
1D performance
+2.97%
-3.11%
AuM$286.21 M$15.71 M
E/R0.75%1.57%
Characteristics
DBO
UNL
Management strategyPassivePassive
ProviderInvescoUSCF
BenchmarkDBIQ Optimum Yield Crude Oil IndexNatural Gas Price
N° of holdings--
Asset classCommodities-
Trailing 12m distribution yield
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Inception dateJanuary 5, 2007November 18, 2009
ESGNoNo
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Exposure

Countries

DBO
Data will be available soon
UNL
Data will be available soon

Sectors

DBO
Data will be available soon
UNL
Data will be available soon
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Diversification

DBO
Data will be available soon
UNL
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
DBO
Data will be available soon
UNL
Data will be available soon
Frequently asked questions about DBO and UNL

How have the DBO and UNL ETFs performed in 2026?

As of October 16, 2026, DBO is up 113.41% year-to-date (YTD), while UNL has lost -23.58%. That puts DBO better performer ahead so far this year.

Which ETF is attracting more investor money: DBO or UNL?

Year-to-date, the DBO ETF saw -$132M in flows, compared to +$812K for UNL.

Which ETF is more volatile: DBO or UNL?

Over the past year, DBO had a volatility of 42.47%, while UNL experienced 34.36%.

Which ETF is bigger: DBO or UNL?

As of October 16, 2026, DBO holds $286.21 M in assets under management (AUM), while UNL manages $15.71 M.

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