UNGvsUNLETF Comparison
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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 down -21.9% year-to-date (YTD) with -$65M in YTD flows. UNL performs worse with -27.62% YTD performance, and +$812K 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.
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UNG vs UNL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UNG UNL | -10.80%-8.38% | -3.19%-10.81% | -21.90%-27.62% | -23.53%-31.18% | -65.83%-52.14% | -87.66%-63.60% |
| Flows | UNG UNL | +$43M- | +$67M+$587K | -$65M+$812K | -$144M+$10M | -$320M+$5M | +$714M+$16M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UNG UNL | +35.41%+17.90% | +59.06%+34.00% | +58.97%+33.77% | +65.90%+41.96% |
| Max drawdown | UNG UNL | -18.52%-12.29% | -44.08%-40.68% | -68.28%-54.83% | -92.92%-81.23% |
| Max drawdown duration | UNG UNL | 34d86d | 269d325d | 1093d1088d | 1528d1604d |
Trading data
UNG | UNL | |
Last sale 10/29/2026 at 1:30 PM | $9.18 | $5.19 |
| Previous close 10/28/2026 | $9.50 | $5.31 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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UNG | UNL | |
|---|---|---|
| Tracking error | ||
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| 1 year cumulative return difference | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
UNG | UNL | |
|---|---|---|
| Last price | $9.18 | $5.19 |
| 1D performance | -3.37% | -2.26% |
| AuM | $512.09 M | $14.88 M |
| E/R | 1.24% | 1.57% |
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Exposure
Countries
UNG
Data will be available soon
UNL
Data will be available soon
Sectors
UNG
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UNL
Data will be available soon
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Diversification
UNG
Data will be available soon
UNL
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
UNG
Data will be available soon
UNL
Data will be available soon
Frequently asked questions about UNG and UNL
How have the UNG and UNL ETFs performed in 2026?
As of October 28, 2026, UNG is down -21.9% year-to-date (YTD), while UNL has lost -27.62%. 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 -$65M in flows, compared to +$812K for UNL.
Which ETF is more volatile: UNG or UNL?
Over the past year, UNG had a volatility of 59.06%, while UNL experienced 34%.
Which ETF is bigger: UNG or UNL?
As of October 28, 2026, UNG holds $512.09 M in assets under management (AUM), while UNL manages $14.88 M.
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Latest news about UNG & UNL
US Natural Gas Prices Dip Amidst Supply Glut
October 14, 2024
UNG
UNL
Crude and Natural Gas Markets on the Move
August 12, 2024
UNG
UNL
Natural Gas Futures Plunge Due to Milder Weather and Reduced LNG Exports | ETFs to Watch
July 22, 2024
UNG
UNL
War in the Middle East: ETF Movers & Shakers
May 15, 2024
UNG
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Natural Gas Dead Cat Bounce Amid Oversupply
February 26, 2024
UNG
Natural Gas Dead Cat Bounce Amid Oversupply
February 26, 2024
UNG
US Natural Gas ETFs Take a Hit
February 19, 2024
UNG
UNL
Natural Gas Prices Hit Multi-Year Low Amid Warm Winter and Supply Surplus
February 12, 2024
UNG
UNL
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