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UNGvsUNLETF Comparison

ETF 1
UNG

United States Natural Gas Fund

This fund is part of
Energy
+0.36%
VS
ETF 2
UNL

United States 12 Month Natural Gas Fund LP

This fund is part of
Energy
+0.36%

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 -3.44% year-to-date (YTD) with -$212M in YTD flows. UNL performs worse with -11.14% YTD performance, and +$225K 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

-6.0-4.0-2.00.02.04.0%May 18May 25Jun 1Jun 8Jun 15

Cumulative Flows

-120 M-100 M-80 M-60 M-40 M-20 M0 MMay 18May 25Jun 1Jun 8Jun 15

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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 06/18/2026
1M3MYTD1Y3Y5Y
Perf.
UNG
UNL
+2.02%-0.28%
-4.15%-10.17%
-3.44%-11.14%
-34.74%-31.64%
-57.01%-41.19%
-73.96%-28.72%
Flows
UNG
UNL
-$118M+$2M
-$3M+$3M
-$212M+$225K
+$79M+$10M
-$683M+$10M
+$665M+$18M
Volatility and drawdown
3M1Y3Y5Y
Volatility
UNG
UNL
+41.51%+25.76%
+61.89%+35.67%
+60.01%+34.19%
+67.06%+42.97%
Max drawdown
UNG
UNL
-19.74%-16.37%
-43.66%-34.86%
-68.06%-48.17%
-92.38%-78.00%
Max drawdown duration
UNG
UNL
91d91d
364d364d
1044d1044d
1396d1472d
Trading data

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UNG
UNL
Last sale
6/18/2026 at 1:30 PM
$11.74
$6.54
Previous close
06/18/2026
$11.57
$6.46
Consolidated volume
06/18/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of June 19, 2026
1-year trailing difference

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UNG
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 6/18/2026 at 1:30 PM
Live
Closed
UNG
UNL
Last price
$11.74
$6.54
1D performance
+1.47%
+1.24%
AuM$441.12 M$17.61 M
E/R1.24%1.57%
Characteristics
UNG
UNL
Management strategyPassivePassive
ProviderUSCFUSCF
BenchmarkNatural Gas PriceNatural Gas Price
N° of holdings--
Asset class--
Trailing 12m distribution yield
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Inception dateApril 18, 2007November 18, 2009
ESGNoNo
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Exposure

Countries

UNG
Data will be available soon
UNL
Data will be available soon

Sectors

UNG
Data will be available soon
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 June 18, 2026, UNG is down -3.44% year-to-date (YTD), while UNL has lost -11.14%. 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 -$212M in flows, compared to +$225K for UNL.

Which ETF is more volatile: UNG or UNL?

Over the past year, UNG had a volatility of 61.89%, while UNL experienced 35.67%.

Which ETF is bigger: UNG or UNL?

As of June 18, 2026, UNG holds $441.12 M in assets under management (AUM), while UNL manages $17.61 M.

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