United States Natural Gas Fund (UNG): Historical Returns

Data Source: from May 1990 to January 2024 (~34 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 27 2024, 02:00PM Eastern Time
Category: Commodities
United States Natural Gas Fund (UNG) ETF
ETF • LIVE PERFORMANCE (USD currency)
1.54%
1 Day
Feb 27 2024, 02:00PM Eastern Time
19.21%
Current Month
February 2024

In the last 30 Years, the United States Natural Gas Fund (UNG) ETF obtained a -13.61% compound annual return, with a 53.81% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Natural Gas

Investment Returns as of Jan 31, 2024

The United States Natural Gas Fund (UNG) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the actual US Inflation rates.
UNITED STATES NATURAL GAS FUND (UNG) ETF
Consolidated returns as of 31 January 2024
Live Update: Feb 27 2024, 02:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~34Y)
United States Natural Gas Fund (UNG) ETF 1.54 -19.21 -3.21 -30.98 -47.34 -27.95 -25.78 -13.61 -10.91
US Inflation Adjusted return -3.50 -32.10 -48.93 -30.83 -27.79 -15.75 -13.20
Returns over 1 year are annualized | Available data source: since May 1990
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 0.01$, with a total return of -98.76% (-13.61% annualized).

The Inflation Adjusted Capital now would be 0.01$, with a net total return of -99.41% (-15.75% annualized).
An investment of 1$, since May 1990, now would be worth 0.02$, with a total return of -97.98% (-10.91% annualized).

The Inflation Adjusted Capital now would be 0.01$, with a net total return of -99.16% (-13.20% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of United States Natural Gas Fund (UNG) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the actual US Inflation rates.
UNITED STATES NATURAL GAS FUND (UNG) ETF
Advanced Metrics
Data Source: 1 May 1990 - 31 January 2024 (~34 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~34Y)
Investment Return (%) -3.21 -34.57 -30.98 -47.34 -19.51 -27.95 -25.78 -22.66 -13.61 -10.91
Infl. Adjusted Return (%) details -3.50 -35.02 -32.10 -48.93 -23.82 -30.83 -27.79 -24.60 -15.75 -13.20
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.63
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -47.34 -84.49 -84.49 -95.38 -99.77 -99.77 -99.77
Start to Recovery (# months) details 12* 17* 17* 117* 220* 220* 220*
Start (yyyy mm) 2023 02 2022 09 2022 09 2014 05 2005 10 2005 10 2005 10
Start to Bottom (# months) 12 17 17 117 220 220 220
Bottom (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01
Bottom to End (# months) 0 0 0 0 0 0 0
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest
-63.61
same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 40
Start (yyyy mm) 2023 02 2022 09 2019 02 2014 05 2005 10 2005 10 2005 10
Start to Bottom (# months) 12 17 23 117 220 220 220
Bottom (yyyy mm) 2024 01 2024 01 2020 12 2024 01 2024 01 2024 01 2024 01
Bottom to End (# months) 0 0 17 0 0 0 0
End (yyyy mm) - - 2022 05 - - - -
Longest negative period (# months) details 12* 36* 60* 120* 240* 360* 405*
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2004 02 1994 02 1990 05
Period End (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01
Annualized Return (%) -47.34 -19.51 -27.95 -25.78 -22.66 -13.61 -10.91
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -48.93 -85.22 -85.22 -96.47 -99.85 -99.85 -99.85
Start to Recovery (# months) details 12* 17* 17* 117* 220* 220* 220*
Start (yyyy mm) 2023 02 2022 09 2022 09 2014 05 2005 10 2005 10 2005 10
Start to Bottom (# months) 12 17 17 117 220 220 220
Bottom (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01
Bottom to End (# months) 0 0 0 0 0 0 0
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest
-64.92
same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 43
Start (yyyy mm) 2023 02 2022 09 2019 02 2014 05 2005 10 2005 10 2005 10
Start to Bottom (# months) 12 17 23 117 220 220 220
Bottom (yyyy mm) 2024 01 2024 01 2020 12 2024 01 2024 01 2024 01 2024 01
Bottom to End (# months) 0 0 20 0 0 0 0
End (yyyy mm) - - 2022 08 - - - -
Longest negative period (# months) details 12* 36* 60* 120* 240* 360* 405*
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2004 02 1994 02 1990 05
Period End (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01
Annualized Return (%) -48.93 -23.82 -30.83 -27.79 -24.60 -15.75 -13.20
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 42.03 69.55 59.83 50.49 49.33 53.81 53.29
Sharpe Ratio -1.25 -0.31 -0.50 -0.53 -0.49 -0.29 -0.28
Sortino Ratio -1.72 -0.46 -0.78 -0.81 -0.74 -0.45 -0.42
Ulcer Index 29.10 49.23 50.84 75.52 85.50 74.31 70.71
Ratio: Return / Standard Deviation -1.13 -0.28 -0.47 -0.51 -0.46 -0.25 -0.20
Ratio: Return / Deepest Drawdown -1.00 -0.23 -0.33 -0.27 -0.23 -0.14 -0.11
% Positive Months details 33% 50% 43% 42% 43% 47% 48%
Positive Months 4 18 26 51 105 171 195
Negative Months 8 18 34 69 135 189 210
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized -25.78 -8.30 23.04 23.04
Worst 10 Years Return (%) - Annualized -35.87 -35.87 -35.87
Best 10 Years Return (%) - Annualized -27.79 -10.56 19.87 19.87
Worst 10 Years Return (%) - Annualized -36.79 -36.79 -36.79
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 325.00 62.83 30.14 23.04 -4.95 -13.61
Worst Rolling Return (%) - Annualized -77.97 -55.60 -48.11 -35.87 -23.05
% Positive Periods 43% 38% 38% 27% 0% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 31.41 5.08 1.50 0.28 0.12 0.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 310.88 58.75 26.89 19.87 -7.14 -15.75
Worst Rolling Return (%) - Annualized -78.66 -56.09 -48.80 -36.79 -24.99
% Positive Periods 41% 34% 35% 26% 0% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 31.41 5.08 1.50 0.28 0.12 0.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (May 1990 - Jan 2024)
Best Rolling Return (%) - Annualized 325.00 62.83 30.14 23.04 0.95 -7.00
Worst Rolling Return (%) - Annualized -77.97 -55.60 -48.11 -35.87 -23.05 -13.61
% Positive Periods 44% 42% 43% 39% 1% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 31.41 5.08 1.50 0.28 0.12 0.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 310.88 58.75 26.89 19.87 -1.60 -9.23
Worst Rolling Return (%) - Annualized -78.66 -56.09 -48.80 -36.79 -24.99 -15.75
% Positive Periods 42% 37% 39% 37% 0% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 31.41 5.08 1.50 0.28 0.12 0.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of United States Natural Gas Fund (UNG) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

UNITED STATES NATURAL GAS FUND (UNG) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs UNG
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
-0.28
0.05
0.10
0.06
0.06
SPY
US Large Cap
-0.31
0.06
0.11
0.06
0.06
IJR
US Small Cap
-0.05
0.04
0.09
0.07
0.07
VNQ
US REITs
-0.21
0.02
0.08
0.06
0.06
QQQ
US Technology
-0.55
0.03
0.05
0.02
0.01
PFF
Preferred Stocks
-0.22
0.01
0.00
0.04
0.05
EFA
EAFE Stocks
-0.30
-0.03
0.04
0.10
0.11
VT
World All Countries
-0.30
0.02
0.08
0.08
0.09
EEM
Emerging Markets
-0.32
-0.03
0.05
0.06
0.07
VGK
Europe
-0.29
-0.05
0.03
0.07
0.07
VPL
Pacific
-0.36
0.00
0.04
0.09
0.11
FLLA
Latin America
-0.17
0.00
0.05
0.04
0.03
BND
US Total Bond Market
-0.59
-0.19
-0.15
0.05
0.06
TLT
Long Term Treasuries
-0.55
-0.24
-0.21
0.02
0.03
BIL
US Cash
0.10
-0.26
-0.15
0.06
0.07
TIP
TIPS
-0.59
0.00
0.01
0.17
0.18
LQD
Invest. Grade Bonds
-0.56
-0.15
-0.12
0.04
0.05
HYG
High Yield Bonds
-0.43
0.05
0.08
0.04
0.05
CWB
US Convertible Bonds
-0.27
0.01
0.08
0.08
0.08
BNDX
International Bonds
-0.60
-0.13
-0.13
0.08
0.08
EMB
Emerg. Market Bonds
-0.36
-0.03
-0.02
0.06
0.06
GLD
Gold
-0.29
-0.22
-0.16
0.03
0.03
DBC
Commodities
0.27
0.30
0.26
0.45
0.45

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

UNITED STATES NATURAL GAS FUND (UNG) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 May 1990 - 31 January 2024 (~34 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-99.77% Oct 2005 Jan 2024 220 in progress 220 89.16
-78.13% Jan 2001 Jan 2002 13 Aug 2005 43 56 50.57
-57.82% Dec 1996 Feb 1999 27 May 2000 15 42 38.92
-46.99% Feb 1994 Jan 1995 12 Dec 1995 11 23 30.02
-36.14% Jul 1996 Aug 1996 2 Nov 1996 3 5 20.73
-16.33% Feb 1996 Apr 1996 3 Jun 1996 2 5 11.22
-15.68% Jul 2000 Jul 2000 1 Aug 2000 1 2 9.05
-13.42% Oct 2000 Oct 2000 1 Nov 2000 1 2 7.75
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 13 27.8 Months 3.60%
 
DD = 0% 3.60%
 
0% < DD <= -5% 0 - 0.00%
 
DD <= -5% 3.60%
 
-5% < DD <= -10% 5 72.2 Months 1.39%
 
DD <= -10% 4.99%
 
-10% < DD <= -15% 6 60.2 Months 1.66%
 
DD <= -15% 6.65%
 
-15% < DD <= -20% 10 36.1 Months 2.77%
 
DD <= -20% 9.42%
 
-20% < DD <= -25% 10 36.1 Months 2.77%
 
DD <= -25% 12.19%
 
-25% < DD <= -30% 10 36.1 Months 2.77%
 
DD <= -30% 14.96%
 
-30% < DD <= -35% 17 21.2 Months 4.71%
 
DD <= -35% 19.67%
 
-35% < DD <= -40% 19 19.0 Months 5.26%
 
DD <= -40% 24.93%
 
-40% < DD <= -45% 29 12.4 Months 8.03%
 
DD <= -45% 32.96%
 
-45% < DD <= -50% 15 24.1 Months 4.16%
 
DD <= -50% 37.12%
 
-50% < DD <= -55% 18 20.1 Months 4.99%
 
DD <= -55% 42.11%
 
-55% < DD <= -60% 10 36.1 Months 2.77%
 
DD <= -60% 44.88%
 
-60% < DD <= -65% 3 120.3 Months 0.83%
 
DD <= -65% 45.71%
 
-65% < DD <= -70% 9 40.1 Months 2.49%
 
DD <= -70% 48.20%
 
-70% < DD <= -100% 187 1.9 Months 51.80%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-99.85% Oct 2005 Jan 2024 220 in progress 220 89.74
-78.51% Jan 2001 Jan 2002 13 Aug 2005 43 56 52.72
-59.36% Dec 1996 Feb 1999 27 May 2000 15 42 40.66
-48.46% Feb 1994 Jan 1995 12 Jun 1996 17 29 28.98
-36.34% Jul 1996 Aug 1996 2 Nov 1996 3 5 20.96
-15.93% Jul 2000 Jul 2000 1 Aug 2000 1 2 9.20
-13.57% Oct 2000 Oct 2000 1 Nov 2000 1 2 7.83
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 11 32.8 Months 3.05%
 
DD = 0% 3.05%
 
0% < DD <= -5% 2 180.5 Months 0.55%
 
DD <= -5% 3.60%
 
-5% < DD <= -10% 3 120.3 Months 0.83%
 
DD <= -10% 4.43%
 
-10% < DD <= -15% 6 60.2 Months 1.66%
 
DD <= -15% 6.09%
 
-15% < DD <= -20% 8 45.1 Months 2.22%
 
DD <= -20% 8.31%
 
-20% < DD <= -25% 6 60.2 Months 1.66%
 
DD <= -25% 9.97%
 
-25% < DD <= -30% 11 32.8 Months 3.05%
 
DD <= -30% 13.02%
 
-30% < DD <= -35% 9 40.1 Months 2.49%
 
DD <= -35% 15.51%
 
-35% < DD <= -40% 24 15.0 Months 6.65%
 
DD <= -40% 22.16%
 
-40% < DD <= -45% 26 13.9 Months 7.20%
 
DD <= -45% 29.36%
 
-45% < DD <= -50% 21 17.2 Months 5.82%
 
DD <= -50% 35.18%
 
-50% < DD <= -55% 21 17.2 Months 5.82%
 
DD <= -55% 41.00%
 
-55% < DD <= -60% 11 32.8 Months 3.05%
 
DD <= -60% 44.04%
 
-60% < DD <= -65% 6 60.2 Months 1.66%
 
DD <= -65% 45.71%
 
-65% < DD <= -70% 8 45.1 Months 2.22%
 
DD <= -70% 47.92%
 
-70% < DD <= -100% 188 1.9 Months 52.08%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-99.77% Oct 2005 Jan 2024 220 in progress 220 89.16
-78.13% Jan 2001 Jan 2002 13 Aug 2005 43 56 50.57
-57.82% Dec 1996 Feb 1999 27 May 2000 15 42 38.92
-52.11% Dec 1990 Feb 1992 15 Sep 1992 7 22 37.19
-46.99% Feb 1994 Jan 1995 12 Dec 1995 11 23 30.02
-36.50% Oct 1992 Jan 1993 4 Jan 1994 12 16 16.74
-36.14% Jul 1996 Aug 1996 2 Nov 1996 3 5 20.73
-16.33% Feb 1996 Apr 1996 3 Jun 1996 2 5 11.22
-15.68% Jul 2000 Jul 2000 1 Aug 2000 1 2 9.05
-13.42% Oct 2000 Oct 2000 1 Nov 2000 1 2 7.75
-11.26% Jun 1990 Jul 1990 2 Sep 1990 2 4 5.98
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 19 21.4 Months 4.68%
 
DD = 0% 4.68%
 
0% < DD <= -5% 1 406.0 Months 0.25%
 
DD <= -5% 4.93%
 
-5% < DD <= -10% 12 33.8 Months 2.96%
 
DD <= -10% 7.88%
 
-10% < DD <= -15% 12 33.8 Months 2.96%
 
DD <= -15% 10.84%
 
-15% < DD <= -20% 14 29.0 Months 3.45%
 
DD <= -20% 14.29%
 
-20% < DD <= -25% 13 31.2 Months 3.20%
 
DD <= -25% 17.49%
 
-25% < DD <= -30% 11 36.9 Months 2.71%
 
DD <= -30% 20.20%
 
-30% < DD <= -35% 19 21.4 Months 4.68%
 
DD <= -35% 24.88%
 
-35% < DD <= -40% 22 18.5 Months 5.42%
 
DD <= -40% 30.30%
 
-40% < DD <= -45% 34 11.9 Months 8.37%
 
DD <= -45% 38.67%
 
-45% < DD <= -50% 19 21.4 Months 4.68%
 
DD <= -50% 43.35%
 
-50% < DD <= -55% 21 19.3 Months 5.17%
 
DD <= -55% 48.52%
 
-55% < DD <= -60% 10 40.6 Months 2.46%
 
DD <= -60% 50.99%
 
-60% < DD <= -65% 3 135.3 Months 0.74%
 
DD <= -65% 51.72%
 
-65% < DD <= -70% 9 45.1 Months 2.22%
 
DD <= -70% 53.94%
 
-70% < DD <= -100% 187 2.2 Months 46.06%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-99.85% Oct 2005 Jan 2024 220 in progress 220 89.74
-78.51% Jan 2001 Jan 2002 13 Aug 2005 43 56 52.72
-59.36% Dec 1996 Feb 1999 27 May 2000 15 42 40.66
-53.80% Dec 1990 Feb 1992 15 Jun 1996 52 67 32.31
-36.34% Jul 1996 Aug 1996 2 Nov 1996 3 5 20.96
-15.93% Jul 2000 Jul 2000 1 Aug 2000 1 2 9.20
-13.57% Oct 2000 Oct 2000 1 Nov 2000 1 2 7.83
-12.21% Jun 1990 Jul 1990 2 Sep 1990 2 4 6.78
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 15 27.1 Months 3.69%
 
DD = 0% 3.69%
 
0% < DD <= -5% 2 203.0 Months 0.49%
 
DD <= -5% 4.19%
 
-5% < DD <= -10% 7 58.0 Months 1.72%
 
DD <= -10% 5.91%
 
-10% < DD <= -15% 10 40.6 Months 2.46%
 
DD <= -15% 8.37%
 
-15% < DD <= -20% 14 29.0 Months 3.45%
 
DD <= -20% 11.82%
 
-20% < DD <= -25% 13 31.2 Months 3.20%
 
DD <= -25% 15.02%
 
-25% < DD <= -30% 13 31.2 Months 3.20%
 
DD <= -30% 18.23%
 
-30% < DD <= -35% 8 50.8 Months 1.97%
 
DD <= -35% 20.20%
 
-35% < DD <= -40% 27 15.0 Months 6.65%
 
DD <= -40% 26.85%
 
-40% < DD <= -45% 33 12.3 Months 8.13%
 
DD <= -45% 34.98%
 
-45% < DD <= -50% 26 15.6 Months 6.40%
 
DD <= -50% 41.38%
 
-50% < DD <= -55% 25 16.2 Months 6.16%
 
DD <= -55% 47.54%
 
-55% < DD <= -60% 11 36.9 Months 2.71%
 
DD <= -60% 50.25%
 
-60% < DD <= -65% 6 67.7 Months 1.48%
 
DD <= -65% 51.72%
 
-65% < DD <= -70% 8 50.8 Months 1.97%
 
DD <= -70% 53.69%
 
-70% < DD <= -100% 188 2.2 Months 46.31%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

UNITED STATES NATURAL GAS FUND (UNG) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 May 1990 - 31 January 2024 (~34 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -77.97 07/2008
06/2009
0.22$ -47.49 0.52$ -10.15 0.89$ 43.54 1.43$ 325.00 01/2000
12/2000
4.24$ -47.34 56.45%
2Y -64.92 07/2008
06/2010
0.12$ -36.46 0.40$ -9.06 0.82$ 26.38 1.59$ 124.18 01/1999
12/2000
5.02$ -46.29 59.94%
3Y -55.60 07/2008
06/2011
0.08$ -33.27 0.29$ -12.05 0.68$ 17.89 1.63$ 62.83 01/1998
12/2000
4.31$ -19.51 61.54%
5Y -48.11 07/2008
06/2013
0.03$ -29.26 0.17$ -16.65 0.40$ 16.99 2.19$ 30.14 01/1996
12/2000
3.73$ -27.95 61.46%
7Y -40.33 07/2008
06/2015
0.02$ -30.10 0.08$ -17.83 0.25$ 13.70 2.45$ 30.79 09/1998
08/2005
6.54$ -23.30 64.98%
10Y -35.87 07/2008
06/2018
0.01$ -28.83 0.03$ -18.83 0.12$ 12.22 3.16$ 23.04 10/1995
09/2005
7.95$ -25.78 72.20%
15Y -31.43 06/2008
05/2023
0.00$ -26.05 0.01$ -17.31 0.05$ -4.50 0.50$ 3.27 03/1994
02/2009
1.61$ -27.25 91.16%
20Y -23.05 01/2004
12/2023
0.00$ -19.61 0.01$ -12.99 0.06$ -7.89 0.19$ -4.95 09/1994
08/2014
0.36$ -22.66 100.00%
30Y -13.61 02/1994
01/2024
0.01$ -13.61 0.01$ -13.61 0.01$ -13.61 0.01$ -13.61 02/1994
01/2024
0.01$ -13.61 100.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -78.66 06/2022
05/2023
0.21$ -48.78 0.51$ -12.15 0.87$ 38.77 1.38$ 310.88 01/2000
12/2000
4.10$ -48.93 58.45%
2Y -64.90 07/2008
06/2010
0.12$ -38.15 0.38$ -11.84 0.77$ 21.94 1.48$ 117.53 01/1999
12/2000
4.73$ -48.71 63.50%
3Y -56.09 07/2008
06/2011
0.08$ -34.09 0.28$ -14.17 0.63$ 14.77 1.51$ 58.75 01/1998
12/2000
4.00$ -23.82 65.23%
5Y -48.80 07/2008
06/2013
0.03$ -30.83 0.15$ -18.94 0.35$ 14.27 1.94$ 26.89 01/1996
12/2000
3.28$ -30.83 64.12%
7Y -41.09 07/2008
06/2015
0.02$ -31.48 0.07$ -19.72 0.21$ 11.01 2.07$ 27.43 09/1998
08/2005
5.45$ -25.89 65.70%
10Y -36.79 07/2008
06/2018
0.01$ -30.09 0.02$ -20.75 0.09$ 9.36 2.44$ 19.87 10/1995
09/2005
6.12$ -27.79 73.44%
15Y -32.98 06/2008
05/2023
0.00$ -27.54 0.00$ -19.02 0.04$ -6.78 0.34$ 0.74 03/1994
02/2009
1.11$ -29.07 97.24%
20Y -24.99 01/2004
12/2023
0.00$ -21.21 0.00$ -15.02 0.03$ -9.91 0.12$ -7.14 09/1994
08/2014
0.22$ -24.60 100.00%
30Y -15.75 02/1994
01/2024
0.00$ -15.75 0.00$ -15.75 0.00$ -15.75 0.00$ -15.75 02/1994
01/2024
0.00$ -15.75 100.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -77.97 07/2008
06/2009
0.22$ -46.55 0.53$ -7.07 0.92$ 43.54 1.43$ 325.00 01/2000
12/2000
4.24$ -47.34 55.08%
2Y -64.92 07/2008
06/2010
0.12$ -36.13 0.40$ -7.82 0.84$ 26.38 1.59$ 124.18 01/1999
12/2000
5.02$ -46.29 58.38%
3Y -55.60 07/2008
06/2011
0.08$ -31.36 0.32$ -6.11 0.82$ 17.29 1.61$ 62.83 01/1998
12/2000
4.31$ -19.51 57.57%
5Y -48.11 07/2008
06/2013
0.03$ -28.37 0.18$ -7.06 0.69$ 15.96 2.09$ 30.14 01/1996
12/2000
3.73$ -27.95 56.36%
7Y -40.33 07/2008
06/2015
0.02$ -29.60 0.08$ -12.95 0.37$ 13.08 2.36$ 30.79 09/1998
08/2005
6.54$ -23.30 56.21%
10Y -35.87 07/2008
06/2018
0.01$ -27.05 0.04$ -13.07 0.24$ 12.29 3.18$ 23.04 10/1995
09/2005
7.95$ -25.78 60.84%
15Y -31.43 06/2008
05/2023
0.00$ -24.89 0.01$ -10.85 0.17$ 8.97 3.62$ 14.53 09/1990
08/2005
7.64$ -27.25 73.01%
20Y -23.05 01/2004
12/2023
0.00$ -18.13 0.01$ -11.77 0.08$ -5.26 0.33$ 0.95 08/1990
07/2010
1.20$ -22.66 98.80%
30Y -13.61 02/1994
01/2024
0.01$ -12.33 0.01$ -9.70 0.04$ -8.04 0.08$ -7.00 05/1992
04/2022
0.11$ -13.61 100.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -78.66 06/2022
05/2023
0.21$ -47.68 0.52$ -9.69 0.90$ 38.77 1.38$ 310.88 01/2000
12/2000
4.10$ -48.93 57.61%
2Y -64.90 07/2008
06/2010
0.12$ -37.38 0.39$ -10.14 0.80$ 21.94 1.48$ 117.53 01/1999
12/2000
4.73$ -48.71 62.04%
3Y -56.09 07/2008
06/2011
0.08$ -32.46 0.30$ -8.66 0.76$ 14.04 1.48$ 58.75 01/1998
12/2000
4.00$ -23.82 62.43%
5Y -48.80 07/2008
06/2013
0.03$ -29.96 0.16$ -10.32 0.58$ 13.11 1.85$ 26.89 01/1996
12/2000
3.28$ -30.83 60.12%
7Y -41.09 07/2008
06/2015
0.02$ -31.03 0.07$ -14.89 0.32$ 10.22 1.97$ 27.43 09/1998
08/2005
5.45$ -25.89 58.70%
10Y -36.79 07/2008
06/2018
0.01$ -28.49 0.03$ -15.07 0.19$ 9.36 2.44$ 19.87 10/1995
09/2005
6.12$ -27.79 62.24%
15Y -32.98 06/2008
05/2023
0.00$ -26.47 0.00$ -12.94 0.12$ 6.18 2.45$ 11.52 09/1990
08/2005
5.13$ -29.07 77.88%
20Y -24.99 01/2004
12/2023
0.00$ -19.93 0.01$ -13.63 0.05$ -7.48 0.21$ -1.60 08/1990
07/2010
0.72$ -24.60 100.00%
30Y -15.75 02/1994
01/2024
0.00$ -14.49 0.00$ -11.73 0.02$ -10.30 0.03$ -9.23 05/1992
04/2022
0.05$ -15.75 100.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the United States Natural Gas Fund (UNG) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in United States Natural Gas Fund (UNG) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-2.68
40%
-2.52
20%
-2.55
20%
7.89
80%
-4.23
40%
-0.55
40%
9.86
50%
12.29
100%
-3.39
40%
0.92
60%
-14.34
20%
-15.51
0%
Best 36.2
2022
9.7
2021
27.6
2022
26.8
2022
11.6
2022
24.3
2021
50.6
2022
37.8
2020
31.6
2021
11.7
2020
4.1
2022
-5.4
2019
Worst -33.9
2023
-9.1
2022
-23.9
2023
-4.9
2019
-15.6
2020
-31.9
2022
-4.2
2023
0.0
2023
-26.1
2022
-12.8
2022
-26.4
2023
-33.6
2022
Monthly Seasonality over the period Jun 1990 - Jan 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-2.89
40%
-6.18
30%
0.44
40%
5.39
89%
-3.39
30%
2.28
40%
1.97
22%
7.43
78%
-2.57
30%
-2.40
40%
-3.27
50%
-13.53
10%
Best 36.2
2022
9.7
2021
27.6
2022
26.8
2022
11.6
2022
25.4
2016
50.6
2022
37.8
2020
31.6
2021
11.7
2020
39.8
2018
10.8
2016
Worst -33.9
2023
-29.1
2016
-23.9
2023
-4.9
2019
-15.6
2020
-31.9
2022
-14.2
2014
-2.6
2015
-26.1
2022
-15.5
2015
-26.4
2023
-33.8
2018
Monthly Seasonality over the period Jun 1990 - Jan 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-4.25
36%
-2.43
39%
2.79
61%
2.86
66%
0.87
50%
-0.06
41%
-0.82
39%
1.97
58%
6.29
56%
4.04
58%
-2.20
41%
-6.46
26%
Best 36.2
2022
44.5
2003
34.9
2002
26.8
2022
38.7
2000
25.4
2016
50.6
2022
45.5
2005
38.9
1998
46.7
2001
46.7
2000
48.4
2000
Worst -41.6
2001
-29.1
2016
-37.5
2003
-14.0
2005
-16.6
2001
-31.9
2022
-32.3
2008
-27.8
2001
-26.1
2022
-15.5
2015
-29.6
1997
-35.7
1991
Monthly Seasonality over the period Jun 1990 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the United States Natural Gas Fund (UNG) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

UNITED STATES NATURAL GAS FUND (UNG) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 May 1990 - 31 January 2024 (~34 years)
171 Positive Months (48%) - 189 Negative Months (53%)
195 Positive Months (48%) - 210 Negative Months (52%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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