(UNG) United States Natural Gas - Overview
ETF Category: Commodities Focused | Exchange: NYSE ARCA (USA) | Market Cap: 427m USD | Total Return: -41.7% in 12m
TER: 1.06%
Avg Turnover: 102M USD
Peers RS (IBD): 1.6
Warnings
Volatile
Tailwinds
No distinct edge detected
The United States Natural Gas Fund LP (UNG) is a U.S.-based commodity-focused ETF that seeks exposure to natural-gas price movements by holding front-month futures contracts traded on NYMEX, ICE Futures Europe and ICE Futures U.S. The fund rolls its positions to the next-month contract when the current near-month is within two weeks of expiration, aiming to maintain continuous market exposure.
As of the most recent quarter (Q4 2025), UNG reported an expense ratio of 0.78% and assets under management of roughly $1.2 billion. The fund’s 12-month total return was +9.4%, driven by a 15% rise in the Henry Hub spot price amid tighter U.S. storage levels (≈1.3 billion MMcf, down 7% YoY) and robust LNG export demand to Europe and Asia. Additionally, the natural-gas market has been in a modest backwardation phase, which has partially offset roll-cost drag for UNG.
For a deeper dive into UNG’s valuation and risk profile, you might explore ValueRay’s latest research on the fund.
- Natural gas futures prices dictate UNGs daily performance
- Weather patterns significantly impact natural gas demand
- Storage levels influence natural gas market sentiment
- Global energy supply disruptions affect natural gas prices
- Regulatory changes impact natural gas production and transport
Over the past week, the price has changed by -5.28%, over one month by -12.22%, over three months by -3.67% and over the past year by -41.69%.
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