UNLvsUSOETF Comparison
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United States 12 Month Natural Gas Fund LP (UNL) and United States Oil Fund (USO) belong to the same industry segment: Energy. UNL is more expensive with a Total Expense Ratio (TER) of 1.57%, versus 0.7% for USO. UNL is down -27.62% year-to-date (YTD) with +$812K in YTD flows. USO performs better with 143.35% YTD performance, and -$580M in YTD flows. Run a side-by-side ETF comparison of UNL and USO 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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UNL vs USO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UNL USO | -8.38%+12.88% | -10.81%+39.32% | -27.62%+143.35% | -31.18%+134.89% | -52.14%+121.64% | -63.60%+194.22% |
| Flows | UNL USO | --$197M | +$587K-$840M | +$812K-$580M | +$10M-$559M | +$5M-$1.35B | +$16M-$3.20B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UNL USO | +17.90%+39.85% | +34.00%+51.80% | +33.77%+38.96% | +41.96%+38.86% |
| Max drawdown | UNL USO | -12.29%-11.67% | -40.68%-31.88% | -54.83%-31.88% | -81.23%-35.45% |
| Max drawdown duration | UNL USO | 86d36d | 325d114d | 1088d114d | 1604d1365d |
Trading data
UNL | USO | |
Last sale 10/29/2026 at 1:30 PM | $5.19 | $168.19 |
| Previous close 10/28/2026 | $5.31 | $166.57 |
| 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 29, 2026
1-year trailing difference
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UNL | USO | |
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| 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
UNL | USO | |
|---|---|---|
| Last price | $5.19 | $168.19 |
| 1D performance | -2.17% | +0.97% |
| AuM | $14.88 M | $1.92 B |
| E/R | 1.57% | 0.7% |
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Exposure
Countries
UNL
Data will be available soon
USO
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Sectors
UNL
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USO
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Diversification
UNL
Data will be available soon
USO
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Top 15 holdings
Data as of January 1, 1970
UNL
Data will be available soon
USO
Data will be available soon
Frequently asked questions about UNL and USO
How have the UNL and USO ETFs performed in 2026?
As of October 28, 2026, UNL is down -27.62% year-to-date (YTD), while USO has returned 143.35%. That puts USO better performer ahead so far this year.
Which ETF is attracting more investor money: UNL or USO?
Year-to-date, the UNL ETF saw +$812K in flows, compared to -$580M for USO.
Which ETF is more volatile: UNL or USO?
Over the past year, UNL had a volatility of 34%, while USO experienced 51.8%.
Which ETF is bigger: UNL or USO?
As of October 28, 2026, UNL holds $14.88 M in assets under management (AUM), while USO manages $1.92 B.
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Latest news about UNL & USO
Israel – Iran War: Read This Before Investing in an Oil ETF
June 18, 2025
USO
US Natural Gas Prices Dip Amidst Supply Glut
October 14, 2024
UNL
Crude and Natural Gas Markets on the Move
August 12, 2024
UNL
USO
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Crude Oil ETFs Surge Amid Summer Rally Speculations
June 24, 2024
USO
Crude Oil ETFs Surge Amid Summer Rally Speculations
June 24, 2024
USO
Crude Oil ETFs Surge Despite Falling Oil Prices
June 3, 2024
USO
War in the Middle East: ETF Movers & Shakers
May 15, 2024
USO
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