(UNG) United States Natural Gas - NYSE
ETF Category: Commodities Focused | Exchange: NYSE (USA) | Market Cap: 448m USD | Total Return: -35.1% in 12m
Avg Turnover: 77.1M
Warnings
Choppy
Tailwinds
No distinct edge detected
United States Natural Gas Fund LP (UNG) is an exchange-traded security designed to track the daily price movements of natural gas. The fund achieves this exposure by investing primarily in front-month natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE).
The fund utilizes a roll strategy, transitioning its holdings from the expiring near-month contract to the next available month to avoid physical delivery of the commodity. Because natural gas markets often experience contango-where future prices are higher than current spot prices-long-term holders may face roll yield losses that cause the fund to underperform the spot price of natural gas over time.
Natural gas remains a highly volatile commodity driven by seasonal weather patterns, storage levels, and industrial demand. Investors can evaluate historical performance and expense ratios on ValueRay to better understand these risks. As a commodity-based ETF structured as a limited partnership, the fund issues a Schedule K-1 for tax reporting rather than a standard Form 1099.
- Natural gas futures prices fluctuate based on domestic inventory levels
- Winter heating and summer cooling demand drive seasonal price volatility
- LNG export capacity expansions increase global market price correlation
- Contango in futures markets causes roll yield erosion for shareholders
As of June 20, 2026, the stock is trading at USD 11.74 with a total of 6,806,800 shares traded.
Over the past week, the price has changed by +5.20%,
over one month by +1.73%,
over three months by -7.34% and
over the past year by -35.07%.
United States Natural Gas has no consensus analysts rating.