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UNGvsUNLETF Comparison
The ETFs United States Natural Gas Fund (UNG) and United States 12 Month Natural Gas Fund LP (UNL) track the Natural Gas Price - USD and belong to the same industry segment: Energy. UNG is less expensive with a Total Expense Ratio (TER) of 1.24%, versus 1.57% for UNL. UNG is up 2.95% year-to-date (YTD) with -$156M in YTD flows. UNL performs worse with -0.14% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of UNG 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.
UNG vs UNL performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UNG UNL | +3.20%+2.81% | -11.24%-9.39% | +2.95%-0.14% | -47.29%-32.88% | -62.62%-42.96% | -68.43%-9.50% |
| Flows | UNG UNL | +$92M+$346K | -$51M-$3M | -$156M-$3M | +$136M+$4M | -$345M+$11M | +$644M+$17M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UNG UNL | +97.29%+55.37% | +66.23%+39.57% | +61.90%+35.28% | +66.68%+42.77% |
| Max drawdown | UNG UNL | -32.64%-21.36% | -56.74%-40.29% | -70.06%-49.73% | -92.27%-76.92% |
| Max drawdown duration | UNG UNL | 36d36d | 364d364d | 1092d1092d | 1295d1371d |
UNG | UNL | |
Last sale 3/11/2026 at 1:30 PM | $12.88 | $7.44 |
| Previous close 03/10/2026 | $12.27 | $7.21 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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UNG | UNL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
UNG | UNL | |
|---|---|---|
| Last price | $12.88 | $7.44 |
| 1D performance | +4.97% | +3.19% |
| AuM | $518.05 M | $16.49 M |
| E/R | 1.24% | 1.57% |
Countries
Sectors
Diversification
Top 15 holdings
How have the UNG and UNL ETFs performed in 2026?
As of March 9, 2026, UNG is up 2.95% year-to-date (YTD), while UNL has lost -0.14%. That puts UNG better performer ahead so far this year.
Which ETF is attracting more investor money: UNG or UNL?
Year-to-date, the UNG ETF saw -$156M in flows, compared to -$3M for UNL.
Which ETF is more volatile: UNG or UNL?
Over the past year, UNG had a volatility of 66.23%, while UNL experienced 39.57%.
Which ETF is bigger: UNG or UNL?
As of March 9, 2026, UNG holds $518.05 M in assets under management (AUM), while UNL manages $16.49 M.
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